Endorectal Balloon Market Estimated to Record Highest CAGR by 2027

Endorectal Balloon Market- Introduction

Endorectal balloons are a single use, non-powered inflatable device placed in the rectum to immobilize the prostate in patients undergoing radiation therapy. These balloons are made of silicon or polyurethane material. Endorectal balloons minimize the challenges faced by physicians during the radiation therapy. Endorectal balloons are quick and easy to insert and remove by the therapist during the treatment. It is well tolerated in over 95% of patients. Single use balloons are used to reduce ano-rectal toxicity. Moreover, endorectal balloons are used in the treatment of prostate malignancies. Endorectal balloons offer protection against rectal complications from prostate cancer. Additionally, these balloons are used to spare the anal and rectal wall during the treatment of endometrial, bladder, and cervical cancer. The endorectal balloon advantage has been proven in intensity modulated radiotherapy and 3 dimensional conformal radiotherapy for post-operative prostatic bed irradiation and prostate irradiation.

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Endorectal Balloon Market – Competitive Landscape

The global endorectal balloon market is highly fragmented due to the presence of large number of players. Numerous manufacturers hold prominent market shares in their respective regions. Leading players in the global endorectal balloon market are QLRAD, AngioDynamics, Klarity Medical Products, Bionix, and RadiaDyne among other prominent players. These players are engaged in developing new technologies and strategies. Key developments by these prominent players are likely to propel the growth of the endorectal balloon market. For instance, in September 2018, AngioDynamics signed an agreement to acquire RadiaDyne and its radiation dose monitoring platform. This acquisition enabled the company to expand its oncology business portfolio. Demand for endorectal balloons has increased due to increase in prevalence of prostate cancer. Industry players are adopting practices of appointing third-party distributors to expand market presence. For instance, NL-Tec is a supplier of solutions for oncology in New Zealand and Australia. It supplies RectalPro and RectalPro 65 endorectal balloon products manufactured by QLRAD

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QLRAD

QLRAD is one of the leading players operating in the endorectal balloon market. The company is engaged in developing, designing, and manufacturing radiotherapy accessories and urology devices such as endorectal balloons and fiducial gold markers. Additionally, the company supplies products for urology, radiology, and radiotherapy across the world. QLRAD operates in two segments namely, radiotherapy and urology. Radiotherapy segment offers endorectal balloons.

AngioDynamics

AngioDynamics is a well-established player and the company was founded in 1988. It is engaged in developing disruptive and differentiated technologies for healthcare providers. The company offers products for acute and chronic diseases in peripheral vascular, and oncology medicine.

Klarity Medical Products

Klarity Medical Products manufactures and distributes products serving needs of occupational therapies, radiation therapies, and hand therapies. The company has manufacturing and distribution facilities in the U.S., Europe, and China

Endorectal Balloon Market – Dynamics

Increase in demand for endorectal balloons

Increasing prevalence of prostate cancer is driving the demand for endorectal balloons. According to American Institute for Cancer Research, prostate cancer is the second most common cancer in men across the world and an estimated 1.3 million new cases was recorded in 2018. Moreover, advantage over conventional methods is one of the factors likely to fuel the growth of the endorectal balloon market.

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Technological advancement

Technological advancement in products for the treatment of prostate cancer is likely to propel the growth of the endorectal balloon market. For instance, radiation treatment such as three dimensional conformal radiation therapy (3DCRT), proton therapy (PT), and intensity modulated radiotherapy (IMR) are technologically advanced therapies for prostate cancer radiotherapy

Endorectal Balloon Market – Segmentation

The endorectal balloon market can be bifurcated on the basis of:type of material, end-user, and region

Based on type of material, the endorectal balloon market can be divided into:

• Silicon
• Polyurethane
• Others

In terms of end-user, the endorectal balloon market can be fragmented into:

• Hospital
• Clinics
• Radiotherapy centers