Global Fiducial Markers
Market Report
2024
The global Hearing Aids Market was valued at USD 141.1 million in 2022 and is projected to reach USD 231.8 million by 2030, registering a CAGR of 6.4 % for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The global Hearing Aids Market was valued at USD 141.1 million in 2022 and is projected to reach USD 231.8 million by 2030, registering a CAGR of 6.4 % for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Fiducial Markers Market Sales Revenue 2022 | $ 141.1 Million |
Global Fiducial Markers Market Sales Revenue 2030 | $ 231.8 Million |
Global Fiducial Markers Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.4% |
Market Split by Product |
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Market Split by Application |
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Market Split by End user |
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Market Split by Modality |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Fiducial Markers Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Fiducial marker is a small object or device placed on or in the body in order to mark an area for surgery or radiation treatment. These markers assist the medical professionals to enhance precision and accuracy during the treatment. Fiducial markers act as reference points for medical professionals to identify and target specific lesions or anatomical structures accurately.
The implantation or placement of fiducial marker depends on the target area and specific procedure. This procedure may include minimally invasive techniques, such as percutaneous insertion under imaging guidance, and also surgical implantations during open procedures. Fiducial Markers assist medical professionals in improving accuracy, enhance the compatibility with imaging modalities, and aid in real-time tracking as well.
Increased use of radiotherapy in cancer treatment
Radiotherapy is an effective treatment modality for several types of cancer. Radiotherapy involves the process of delivering targeted doses of radiations to the cancerous cells thereby reducing or minimizing damage to healthy tissues in the vicinity. This is where, fiducial markers play a vital role in achieving the precision by providing exact alignment and localization of the tumour and its surrounding structures. Moreover, fiducial markers are placed within or near the tumour site to serve as the reference points during the procedure of radiotherapy.
Thus, fiducial markers allow for accurate and precise localization of the tumour and its accurate position within the body. Also, by tracking the movement of fiducial markers, radiation therapy systems can accordingly adjust the radiation beam to precisely target the tumour. Apart from this, the usage of fiducial markers in radiotherapy sessions aids in improving the outcomes of treatment by increasing treatment accuracy. In addition to this, advanced radiotherapy techniques such as intensity-modulated radiation therapy (IMRT), image-guided radiation therapy (IGRT), and stereotactic body radiation therapy (SBRT) are increasingly used for cancer treatment.
Thus, overall, the increase in usage of radiotherapy in treating cancer has generated significant demand for fiducial markers. Therefore, as long as radiotherapy techniques continue to enhance and advance and the prevalence of cancer and cancer-related diseases grows, the global fiducial marker market is likely to experience a consistent growth in the coming years.
With respect to lack of skilled professionals, the proper implantation and use of fiducial marker requires specialized expertise and training. Skilled professionals such as radiation oncologists, surgeons, and interventional radiologists, all of them needs to be proficient in marker placement techniques and familiar with the particular procedures involving fiducial markers. Thus, the scarcity and trained and skilled professionals is likely to restrain the growth and limit the broader adoption of fiducial markers.
In regards with the high costs associated with fiducial markers, the fiducial markers made of specialized materials or having advanced imaging compatibility, can be highly expensive to procure. Thus, owing to the costs for procuring these markers, particularly in huge quantities can prove to be a financial burden for several healthcare facilities and can limit their adoption. Therefore, the above factors are likely to restrain the growth of the market.
The COVID-19 pandemic moderately affected the global fiducial markers market. Several procedures including radiation therapy and imaging were often postponed or delayed to prioritize COVID-19 patients. This led to decline in number of medical procedures requiring fiducial markers. Adding to it, restrictions for non-essential healthcare visits and fear of exposure to virus reduced the number of patients visiting hospitals, thereby, affecting the market growth.
While, the supply chain of fiducial markers also faced several disruptions due to shutdown of manufacturing facilities, and insufficient raw materials. Therefore, COVID-19 moderately affected the global fiducial markers market growth.
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The major players operating in the market are Nanovi A/S., Eckert and Ziegler, Medtronic, CIVCO Radiotherapy, Boston Scientific Corporation, QlRad Inc., IBA Dosimetry GmbH., Naslund Medical AB, Stellar Medical, and Veran Medical Technologies.
December 2019
In December 2019, IZI Medical Products LLC, one of the significant interventional medical device company acquired the RadioMed division of IBA (Ion Beam Application), Belgium. This acquisition enabled IZI Medical Products LLC, to gain control over IBA's VISICOIL, the fiducial markers business.
Top Companies Market Share in Fiducial Markers Industry: (In no particular order of Rank)
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The Fiducial Markers industry in the region of North America is expected to grow with the fastest CAGR over the projected period, from 2023 to 2030. The factors responsible for significant growth in the region of North America are; advanced healthcare infrastructure. North America has a well-developed healthcare infrastructure and that too with advanced medical facilities, robust network of healthcare providers, and state-of-the-art equipment. North America has a higher adoption rate of innovative and advanced medical technologies which includes fiducial markers, backed up by strong investment in research and development. Whereas, cancer being the significant challenge for healthcare in North America. the increasing incidence of cancer cases necessitates effective treatment which includes radiotherapy where fiducial markers play a vital role. Therefore, all the above factors can be attributable for rising growth of the market during the forecast period.
The current report Scope analyzes Fiducial Markers Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Fiducial Markers Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Fiducial Markers Industry growth. Fiducial Markers market has been segmented with the help of its Product, Application End user, and others. Fiducial Markers market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The metal-based markers segment has held the largest revenue market share at 32.02% in 2022 The metal-based markers segment dominated the global fiducial markers market in 2022. The metal-based markers have several benefits such as high visibility, good image quality, stability and durability, good compatibility with radiation therapy, versatility of these metal-based markers, and easy availability of these type of fiducial markers. Therefore, several benefits associated with these metal-based fiducial markers make them to be a preferred choice for various medical professionals. Moreover, the need for accurate tracking, demand for exact localization, and effective treatment delivery keeps on growing, metal-based fiducial markers are expected to witness a significant growth during the forecast period.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Fiducial Markers Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Fiducial Markers from 2019 to 2031. This will also help to analyze the demand for Fiducial Markers across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Application of Fiducial Markers are:
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Fiducial Markers market report 2024 Edition by contacting our team.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses
I played a pivotal role in conducting market research and competitive analysis. I have a demonstrated ability to synthesize diverse data sources, identify trends, and translate findings into actionable recommendations. My collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization. I am committed to maintaining excellence through continuous learning and staying ahead of industry trends. Regular participation in conferences and professional development opportunities keeps my skills sharp and relevant.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Fiducial Markers Market is witnessing significant growth in the near future.
In 2023, the Polymer-Based Marker segment accounted for noticeable share of global Fiducial Markers Market and is projected to experience significant growth in the near future.
The Prostate Cancer segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Eckert & Ziegler BEBIG, IBA Dosimetry and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Product | Polymer-Based Marker, Metal-Based Marker, Others |
Application | Prostate Cancer, Lung Cancer, Breast Cancer, Pancreatic Cancer |
End user | Hospitals, Radiotherapy Centres |
Modality | MRI, CT, CBCT, Ultrasound |
List of Competitors | Eckert & Ziegler BEBIG, Boston Scientific, IBA Dosimetry, Best Medical International, IZI Medical Products, Carbon Medical Technologies, Civco Medical Instruments, Stellar Medical |
This chapter will help you gain GLOBAL Market Analysis of Fiducial Markers. Further deep in this chapter, you will be able to review Global Fiducial Markers Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Fiducial Markers Market Trends North America Fiducial Markers Technological Road Map North America Fiducial Markers Market Drivers North America Fiducial Markers Market Restraints North America Fiducial Markers Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
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Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
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Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Analysis 2019 -2031, will provide market size split by Product. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by End user Analysis 2019 -2031
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Chapter 13 Market Split by Modality Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Fiducial Markers market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Polymer-Based Marker have a significant impact on Fiducial Markers market? |
What are the key factors affecting the Polymer-Based Marker and Metal-Based Marker of Fiducial Markers Market? |
What is the CAGR/Growth Rate of Prostate Cancer during the forecast period? |
By type, which segment accounted for largest share of the global Fiducial Markers Market? |
Which region is expected to dominate the global Fiducial Markers Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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