Global Fiducial Markers Market is segmented by Product (Gold, Gold Combination, Polymer, Other Metals, Liquid), by Modality (CT/CBCT, MRI, Ultrasound, X-Ray), by Application (Breast Cancer, Lung Cancer, Prostate Cancer, Head, and Neck Cancer, Others), by End-Use (Hospitals, Radiotherapy Center, Academic, and Research Center), and Region.
Market Insights
According to this report, the fiducial markers market was estimated at USD 113.07 million in 2021 and is likely to grow at a CAGR of 4.34% during 2022-2028 to reach USD 152.77 million in 2028.
The methodology involves collecting and analyzing crucial data regarding products, and services offered in the market. This report assists the users to gain a better understanding of market developments and aids in business growth. This report is the result of a thorough analysis of customer spending habits, business target market, challenges, and competitors in the market.
Key players
Key players operating in the Fiducial Markers Market are-
- CIVCO Radiotherapy (The U.S),
- IZI Medical Products (The U.S),
- Naslund Medical AB (Sweden),
- Medtronic, Inc. (Ireland),
- QlRad Inc. (Netherlands),
- QFix (The U.S),
- Boston Scientific Corporation (The U.S),
- Nanovi A/S (Denmark),
- Eckert & Ziegler (Belgium), and
- IBA Dosimetry GmbH (Germany).
Market Drivers
The growing adoption of radiotherapy devices by oncologists coupled with rising cases of cancer across the globe are the prime factors augmenting the product demand. Also, the surging demand for SBRT and IGRT procedures further boosts market growth.
Moreover, increasing awareness regarding the fiducial markers to give effective diagnosis further offers lucrative opportunities to the industry players. However, the requirement of placing fiducial markers before the CT scan will necessitate a second 3D scan before or during surgery can hamper the industry expansion.
Segment Analysis
By product, the fiducial markers market has been categorized into gold, gold combination, polymer, other metals, and liquid.
Under these, the gold segment witnessed the highest market share in 2021 and is likely to register a significant CAGR during the review period.
This is mainly attributed to the accurate visibility and excellent stability of these products across various imaging modalities. Also, gold fiducial markers come in combination with various metals, such as platinum, titanium, and nickel, for better efficiency.
By region, the North American market garnered the largest market share in 2021 and is projected to grow at a substantial CAGR during the assessment period.
This is mainly ascribed to streamlined reimbursement policies, the strong presence of key market players, and public health programs in the region. Growing healthcare expenditure and rising adoption of advanced radiotherapy procedures & imaging modalities further boost regional growth.
The report will help you find answers to these questions –
What are the key trends in the Fiducial Markers Market?
How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
What is the impact of COVID-19 on the Fiducial Markers Market?
What are the key strategies adopted by the major vendors to lead in the global Fiducial Markers Market?
What is the market share of the top vendors?
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