Boron Neutron Capture Therapy (BNCT) Market Size, Share, Growth, and Industry Analysis, By Type (Thermal Beam, Epithermal Beam), By Application (Brain Tumor, Extracranial Tumor, & Others) and Regional Forecast to 2032

Updated On: 26 August 2024

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BORON NEUTRON CAPTURE THERAPY (BNCT) MARKET REPORT OVERVIEW

The Boron Neutron Capture Therapy (BNCT) Market Size is Projected to be worth US$ 84 Million in 2023. The market is likely to surpass US$ 362.6 Million by 2032 at a CAGR of 13.5% During the Forecast period [2024-2032].

The Boron Neutron Capture Therapy (BNCT) Market is pushed using the rising incidence of cancer and the therapy’s capacity to target most cancer cells while sparing wholesome tissue selectively. BNCT includes using boron-containing compounds and neutron assets to destroy most cancer cells through a nuclear response. Technological improvements in the neutron supply era and boron delivery retailers, regulatory approvals, and aid from authorities are key factors propelling the marketplace. However, excessive fees, restricted availability of neutron resources, regulatory hurdles, and technical complexities pose vast challenges to extensive adoption.

The enlargement of healthcare facilities and the rise in the investment paid towards BNCT are leading North America to be nearer to BNCT’s medical trials and subsequent experimental focuses. This fashion has extended to Japan and South Korea due to elevated demand because of most cancers' high rates and authorities' encouragement. Industry pioneers in the field, including Neutron Therapeutics, Sumitomo Heavy Industries, and STELLA PHARMA CORPORATION, are the primary growth inside the area.

COVID-19 Impact: Market Growth Restrained by Pandemic due to Supply Chain Disruptions

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The global delivery chain changed considerably, leading to delays in the manufacturing and distributing BNCT gadgets and substance. Many clinical trials for BNCT have been behind schedule or halted because of the pandemic, causing setbacks in developing and approving the latest treatments. Lockdowns, travel restrictions, and the diversion of healthcare resources to fight COVID-19 decreased the number of affected persons entering BNCT facilities and treatments.

The pandemic has emphasized superior and innovative cures for most cancers, potentially accelerating studies and improvement in BNCT. Governments and health establishments have expanded investment and support for superior medical studies, including BNCT, to enhance healthcare resilience and preparedness for future health crises.

LATEST TRENDS

"Dosimetry Techniques in BNCT to Drive Market Growth"

Boron Neutron Capture Therapy (BNCT) is a promising cancer treatment based on the selective transport of boron atoms to tumor cells accompanied by neutron irradiation. However, the achievement of BNCT hinges on essential factors, explicitly focusing on the tumor and turning in the optimal dose of radiation. This approach uses a radiopharmaceutical called BPA, a boron-containing compound that mimics a vital amino acid absorbed via tumor cells. A PET scan then detects the radioactive emissions from BPA, revealing the vicinity and attention of the boron inside the tumor. Overall, advancements in imaging and dosimetry techniques are critical in making BNCT a more specific, practical, and customized cancer remedy choice. As those strategies evolve, BNCT can become a valuable tool in the fight against cancer.

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BORON NEUTRON CAPTURE THERAPY (BNCT) MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into Thermal Beam, Epithermal Beam.

• Thermal Beam: A thermal neutron beam consists of neutrons with low kinetic power, commonly around zero.1/2 eV is utilized in BNCT to target and deal with superficial tumors selectively.

• Epithermal Beam: An epithermal neutron beam contains neutrons with intermediate power stages, typically starting from 0.5 eV to 10 keV, designed to penetrate deeper into tissues for treating tumors placed at greater depths.

By Application

Based on application the global market can be categorized into Brain Tumor, Extracranial Tumor, & Others.

• Brain Tumor: A thought tumor is an unabrupt emergence of cells within the mind with the possibility of being cancerous or noncancerous; nonetheless, it moderately significantly influences the thought process.

• Extracranial Tumor: An additional name for the tumor situated in the space outside the cranial hole is an extracranial tumor; it can invade different tissues and organs located in various parts of the body, i.e., the neck, chest, and stomach.

• Others: This class contains numerous forms of tumors that are not significantly associated with either mind or extracranial category, including multiple neoplasias ensuring the frame’s passage.

DRIVING FACTORS

"Increasing Prevalence and Technological Advancements to Boost the Market"

One of the key driving factors in the global Boron Neutron Capture Therapy (BNCT) Market growth is the increasing prevalence and technological advancements in urban areas. The incidence of most cancers continues to increase globally, and BNCT has become one of the remedies of choice for numerous sorts of tumors. More neutron supply terminals in recent years, boron delivery suppliers, and imaging tactics are increasing the use and efficiency of BNCT.

"Increasing Awareness and Collaborations to Expand the Market"

Another driving factor in the global Boron Neutron Capture Therapy (BNCT) Market is the awareness and collaborations offered by these products. Increased focus among healthcare specialists and patients on the advantages of BNCT is vital to better adoption fees in each clinical and study setting. Increasing collaborations among research institutions, healthcare vendors, and generation agencies are accelerating the innovation and dissemination of BNCT technologies.

RESTRAINING FACTOR

"High Costs and Limited Availability to Potentially Impede Market Growth"

One of the key restraining factors in the global Boron Neutron Capture Therapy (BNCT) Market is the high costs and limited availability of these products. Various components of BNCT contain pricey gads and substrates. Consequently, the remedy PT technique is costly and somewhat limited in terms of the number of patients it can get. Proper neutron sources are rare since they demand particular premises and setups, which hold back the large-scale implementation of BNCT.

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BORON NEUTRON CAPTURE THERAPY (BNCT) MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"North America to Dominate the Market due to Presence of a Large Consumer Base"

North America has emerged as the most dominant region in the global Boron Neutron Capture Therapy (BNCT) Market share due to several factors. North America, mainly America, has a relatively advanced healthcare infrastructure that supports advanced scientific remedies like BNCT. The presence of well-geared-up hospitals and study institutions helps adopt and implement cutting-edge treatment options. Significant funding in scientific studies and improvement in North America drives innovation in most cancer treatments. This location hosts numerous medical trials and research tasks focused on BNCT, contributing to advancements in the discipline.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

The Boron Neutron Capture Therapy (BNCT) Market is considerably encouraged by key industry gamers who play a pivotal role in riding marketplace dynamics and shaping remedy adoption. These key players possess extensive networks and specialized facilities, giving patients access to advanced BNCT remedies. Their strong international presence and recognition in the scientific field have improved trust and self-assurance in BNCT using its adoption. Moreover, those industry leaders continually invest in studies and development, introducing progressive strategies, materials, and protocols in BNCT, catering to the evolving needs of most cancer remedies. The collective efforts of those predominant players notably affect the aggressive panorama and future trajectory of the BNCT market.

LIST OF MARKET PLAYERS PROFILED

• TAE Life Sciences (U.S.)
• RaySearch (Sweden)
• Neutron Therapeutics (U.S.)
• International Particle Therapy (Japan)
• Southern TOHOKU Hospital Group (Japan)
• Neuboron Medtech (China)

INDUSTRIAL DEVELOPMENT

April 2024: Sumitomo Heavy Industries Receives Regulatory Approval (Japan): A vast milestone was executed when Sumitomo Heavy Industries (SHI) received regulatory approval in Japan for their BNCT machine, NeuCure®. This device uses a compact accelerator-based neutron supply, making it an extra realistic choice for hospitals compared to traditional reactor-based total systems. This approval paves the way for broader adoption of BNCT in Japan.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.