Latin America Oncology Device Market to Witness Upward Trend with High Prevalence of Cancer in Brazil
When looking for a treatment for cancer, oncology devices are often an area of great interest. In recent years, there has been a tremendous increase in the number of cancer patients who are turning to other alternative treatments and complementary care options, including oncology devices. According to Globocan 2018, Brazil recorded 559, 371 new cases of lung cancer in 2018. Such scenario is expected to aid in growth of Latin America oncology device market.
Oncology devices are
used in a combination of surgery and radiation therapy. When a patient has
cancer, their doctor usually recommends surgery for the removal of any
cancerous growths, as well as the removal of any lymph nodes surrounding the
cancerous areas. During the surgery, the doctor can either remove the entire
tumor or only part of it, depending on the size and location of the tumor.
After the surgery, the patient will undergo radiation therapy, which is used to
kill any remaining cancer cells that remain after the initial surgery. Thus,
increasing adoption of radiation therapy radiation therapy is expected to aid
in growth of the Latin America oncology device market.
Oncology equipment
include radiators, robotic devices, and bone augers. These types of devices
help to improve the overall outcome of radiation therapy because they increase
the odds of hitting the cancerous areas of the body that receive high levels of
radiation. In addition, oncology equipment is often used alongside
rehabilitative and psychological treatments that may help the cancer patient
feel better and boost his or her morale and ability to fight off the cancer. Thus,
increasing adoption of rehabilitative and psychological treatments is also
expected to aid in growth of the Latin America oncology device market.
Today, cancer patients
have a variety of options for their treatment, from conventional treatments
such as chemotherapy and radiation therapy to minimally invasive procedures
such as cryotherapy and liver or bone marrow transplants. Such wide number of
options boost growth of Latin America oncology device market. Various companies
are also focused on adopting AI to build diagnostic platform for oncology. In
April 2021, Varian Medical Systems, a radiation oncology treatments and
software maker based in the U.S., partnered with Google Cloud to build an
AI-based diagnostic platform to boost cancer radiation therapy.
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