Fiducial Markers Market Synopsis

The global Fiducial Markers Market was valued at USD 139.20 million in 2023 and is likely to reach USD 282.93 million by 2032, increasing at a CAGR of 8.2% from 2024 to 2032.

Fiducial markers, also known as fiducials, are tiny metal implants (about 3 mm in size) that are placed in your body through a fine needle to guide radiation treatment. The markers themselves aren’t painful, and you aren’t able to feel them inside you.

Fiducials are most used in prostate cancer patients receiving external beam radiation therapy. But they can also be used to treat other soft tissue cancers, including lung, head and neck. External beam radiation uses a machine that directs targeted radiation therapy exactly to the location of the tumour. Because radiation can cause side effects on normal, healthy cells, it is important that the doctor directs the radiation beams directly at the tumour. Comparators are often used to achieve this.

• Once the seeds are in place, they are clearly visible on X-rays. Your treatment team uses markers to know exactly where to direct the radiation. Because organs and tissues can move around your body slightly, reference markers make it easier for your radiation oncologist to provide accurate treatment every time.

• Fiducial markers allow for more precise radiation treatment, which means the radiation is more likely to be successful at killing cancer cells and less likely to reach healthy cells, reducing side effects from the procedure. In general, a fiducial marker is a safe and well-tolerated procedure and can help direct therapy to the right place while preserving healthy cells. But with medical procedures, there is always the possibility of side effects.

• Fiducial markers are tiny gold rods that will be inserted into your prostate. These rods make radiation treatment more accurate. They are extremely small, thinner than the thickness of a dime, and less than an inch in length. The rods are permanent and harmless.

• Radiation oncologists benefit significantly from fiducial markers in two ways. They begin to determine the exact location of the tumour at each stage of the patient's respiratory cycle. Second, they give the radiation oncologist the ability to guarantee that the delivery takes place in exactly the right area every day, because the imaging is done with the radiation therapy equipment itself. These two advantages allow a smaller reserve of healthy tissue in the treated areas, reducing side effects.

• In 2020, the global medical imaging equipment market was valued at approximately 36.44 billion U.S. dollars. By 2023, the market was forecast to reach almost 42.61 billion U.S. dollars.

Fiducial Markers Market Synopsis

The global Fiducial Markers Market was valued at USD 139.20 million in 2023 and is likely to reach USD 282.93 million by 2032, increasing at a CAGR of 8.2% from 2024 to 2032.

• Fiducial markers, also known as fiducials, are tiny metal implants (about 3 mm in size) that are placed in your body through a fine needle to guide radiation treatment. The markers themselves aren’t painful, and you aren’t able to feel them inside you.

• Fiducials are most used in prostate cancer patients receiving external beam radiation therapy. But they can also be used to treat other soft tissue cancers, including lung, head and neck. External beam radiation uses a machine that directs targeted radiation therapy exactly to the location of the tumour. Because radiation can cause side effects on normal, healthy cells, it is important that the doctor directs the radiation beams directly at the tumour. Comparators are often used to achieve this.

• Once the seeds are in place, they are clearly visible on X-rays. Your treatment team uses markers to know exactly where to direct the radiation. Because organs and tissues can move around your body slightly, reference markers make it easier for your radiation oncologist to provide accurate treatment every time.

• Fiducial markers allow for more precise radiation treatment, which means the radiation is more likely to be successful at killing cancer cells and less likely to reach healthy cells, reducing side effects from the procedure. In general, a fiducial marker is a safe and well-tolerated procedure and can help direct therapy to the right place while preserving healthy cells. But with medical procedures, there is always the possibility of side effects.

• Fiducial markers are tiny gold rods that will be inserted into your prostate. These rods make radiation treatment more accurate. They are extremely small, thinner than the thickness of a dime, and less than an inch in length. The rods are permanent and harmless.

• Radiation oncologists benefit significantly from fiducial markers in two ways. They begin to determine the exact location of the tumour at each stage of the patient's respiratory cycle. Second, they give the radiation oncologist the ability to guarantee that the delivery takes place in exactly the right area every day, because the imaging is done with the radiation therapy equipment itself. These two advantages allow a smaller reserve of healthy tissue in the treated areas, reducing side effects.

• In 2020, the global medical imaging equipment market was valued at approximately 36.44 billion U.S. dollars. By 2023, the market was forecast to reach almost 42.61 billion U.S. dollars.

Fiducial Markers Market Trend Analysis

Rising Incidence of Cancer Worldwide

• The increasing incidence of cancer, especially prostate, lung and breast types, around the world is the main catalyst for increasing the demand for basic markers. These markers play a key role in image-guided radiation therapy (IGRT), a treatment known for its precision in delivering radiation directly to cancerous tumours while sparing the surrounding healthy tissues from unnecessary exposure.

• In IGRT procedures, reference marks act as key landmarks or key points. They allow doctors to precisely determine the location of tumors and direct radiation beams precisely to them. This precision is crucial to ensure that the treatment is effective in killing cancer cells while minimizing damage to external organs and tissues. For example, in the treatment of prostate cancer, during radiation therapy sessions, the location of the prostate is strategically implanted near the prostate gland. This real-time monitoring allows doctors to immediately adjust the radiation and ensure that the tumor receives the targeted therapeutic dose while preserving the integrity of adjacent critical structures such as the bladder and rectum.

• In lung and breast cancer, the benchmarks are valuable guides for the precise delivery of radiation therapy, even when the tumors are located near sensitive organs or tissues. By facilitating such precise targeting, benchmarks significantly improve treatment outcomes and reduce the risk of adverse side effects.

• As cancer continues to grow worldwide, the demand for advanced therapies such as IGRT increases, increasing the need for comparator medicines. These markers allow doctors to provide personalized, targeted therapy that not only improves patient outcomes, but also improves overall quality of life. Thus, the increasing incidence of cancer highlights the indispensable role of fiducial markers in modern oncology practice.

Opportunities

 Image Based Radiotherapy Fiducial Markers Market

• Fiducial markers are used in image-guided radiation therapy to target malignant areas while sparing healthy tissue. Due to the increase in the number of cancer diagnoses, the demand for fiducial markers is increasing worldwide. With more than 4 million cases per year, lung and breast cancer are the most common adult cancers worldwide. As a result, governments and health organizations are working harder to ease the pressure on extremely complex procedures.

• Evidence shows that patients with stage IV non-small cell lung cancer with only a few extrapulmonary metastases live longer if they receive extensive radiation therapy. On the other hand, open surgery has been shown to be effective in the treatment of malignant tumors of the cervix in their early stages. Therefore, fiducial markers are in high demand.

• Hospitals' growing demand for advanced fiducial markers, government and non-profit investment in research and development, advanced medical devices and other hospital products are increasing the need for fiducial markets.

Market Segment Analysis:

Market Segmented based on Product, by Modality, by Cancer Type, by End-User and region.

By Product, Metal-Based Markers Is Expected to Dominate the Market During the Forecast Period 2024-2032

There are many segmentations By Product Metal-based Markers, Polymer-based Markers, Others

• Metal-based markers, such as markers made of gold or stainless steel, offer unprecedented visibility in imaging procedures such as X-rays, CT scans and MRIs. Their characteristic contrast with soft tissue makes them invaluable for precise localization of tumors during radiotherapy or surgical procedures. This high visibility ensures that doctors can precisely target the affected area, optimizing treatment results and minimizing damage to surrounding healthy tissue. In addition, metal labels are known for their durability and wear resistance, which ensures their visibility and reliability during the processing process.

• In addition, the biocompatibility of many metal alloys used in reference markers, such as gold or platinum, is a critical factor. These materials are well tolerated by the body, and when implanted in or near sensitive anatomical structures, the risk of side effects or inflammation is minimal. This biocompatibility is essential for patient safety and comfort, especially in long-term implantation scenarios.

• When it comes to accuracy and precision, metal-based markers excel. Their stable and clear appearance facilitates precise targeting, enabling precise delivery of radiation therapy or surgical procedures. Such precision minimizes the risk of errors or deviations during treatment and ensures that the target area receives the required therapeutic dose while sparing healthy tissue. In general, metal-based markers stand out for their exceptional visibility, robustness, biocompatibility and accuracy, making them a popular choice for targeting and improving cancer therapy in many clinical settings.                                                         

By End- User, Independent Radiotherapy Centres held the largest share

By End- User, processed are segmentations Hospitals & Outpatient Facilities, Independent Radiotherapy Centres, Cancer Research Centres

• Independent radiation therapy centers are important players in the fiducial markers market because of their focus on specialty and patient care. These centers specialize in the provision of radiotherapy services, resulting in increased patient volume in treatments such as image-guided radiotherapy (IGRT), where tumor localization is essential by fiducial marker. To ensure the best results, independent centers prioritize investment in advanced technologies and tools, including fiducial markers, to improve treatment accuracy. One of the main advantages of independent radiation therapy centers is their flexibility in terms of treatment schedules and personal care. Unlike large hospital facilities, these centers offer greater flexibility, allowing them to tailor treatment plans to each patient's needs. This patient-centered approach involves the strategic use of benchmarks to ensure that treatment is precisely targeted to the location of the tumor, maximizing efficacy and minimizing side effects.

• Independent radiotherapy centers are at the forefront of innovation by investing in cutting edge technology. They often use state-of-the-art equipment and advanced imaging systems that integrate seamlessly with benchmarks. This integration enables precise tumor localization and precise radiotherapy, further improving treatment outcomes. Accessibility and convenience are also important factors contributing to the dominance of independent radiotherapy centers in the credit score market. These centers are located in community facilities and are easily accessible to patients, thus increasing the number of patients. The convenience of these centers will encourage greater use of benchmarks in various anti-cancer treatments, which will drive market growth.

• Independent radiotherapy centers promote close collaboration with oncologists, surgeons and other health professionals. Working closely together, they develop comprehensive treatment plans that include fiducial markers for precise tumor localization and treatment. This collaborative approach ensures better clinical outcomes and patient satisfaction. Independent radiation therapy centers play a key role in the fiducial marker market by prioritizing specialty care, providing patient-centered care, investing in cutting-edge technology, ensuring accessibility and convenience, and promoting collaboration among healthcare professionals. Together, these factors contribute to its dominant position in the market and its ability to provide quality cancer care.

Market Regional Insights:

North America Region is Expected to Dominate the Market Over the Forecast Period

• North America holds an important position in the fiducial marker market due to several key factors. Its state-of-the-art healthcare infrastructure has modern medical facilities and state-of-the-art technology along with qualified healthcare professionals. This robust infrastructure facilitates the widespread adoption of fiducial marker in a range of medical procedures, particularly radiotherapy and image-guided interventions.

• The relatively high incidence of cancer in the region, especially in the United States, increases the demand for advanced cancer treatments. Fiducial markers are widely used in radiation therapy and other cancer treatments to precisely target tumors, improving patient outcomes. North America is a center of technical innovation in the field of medical devices.

• The region is home to many companies that develop and manufacture fiducial markers and related technologies. Supported by a strong R&D ecosystem, continuous advances in brand design, materials and imaging methods drive market growth and product innovation. Strategic partnerships and collaborations between companies and healthcare stakeholders will further accelerate the implementation of fiducial markers in clinical practice. Collaboration with leading healthcare providers, research institutes and academic centers facilitates the development and commercialization of innovative branded solutions, contributing to market expansion.

• The regulatory environment in North America, particularly the United States, is favourable to innovation and commercialization of medical devices. Strict quality standards and regulatory oversight ensure the safety and efficacy of fiducial marker, creating trust between healthcare providers and patients. Favourable reimbursement practices for medical procedures using fiducial markers encourage their use in North America. Insurance coverage for these procedures will encourage healthcare providers to incorporate fiducial markers in cancer treatments, stimulating market growth. Patient awareness and education about cancer treatments in North America is relatively high. Patients are actively seeking advanced therapies, including those with fiducial markers, to improve their chances of success. This increased awareness has led to the widespread adoption of fiducial markers in the region's healthcare landscape.

Market Top Key Players:

The top key companies in the Fiducial Markers Market are:

• IBA Dosimetry GmbH (Germany)
• CIVCO Radiotherapy (United States)
• CIVCO Medical Solutions (United States)
• IBA Dosimetry (United States)
• Best Medical International, Inc. (United States)
• Naslund Medical AB (Sweden)
• Beekley Medical (United States)
• Boston Scientific Corporation (United States)
• Klarity Medical Products (United States)
• Elekta AB (Sweden)
• CIRS, Inc. (United States)
• Varian Medical Systems, Inc. (United States)
• Carbon Medical Technologies (United States)
• 3D Systems Corporation (United States)
• BRACCO IMAGING S.p.A. (Italy)
• Micromar Indústria e Comércio de Equipamentos Médicos Ltda. (Brazil)
• Ningbo Beilun J.M. Healthcare Products Co., Ltd. (China)
• MARCO FILIPE TEIXEIRA BARBOSA S.A. (Portugal)
• Jiangsu Folee Medical Equipment Co., Ltd. (China)
• Nanfang Medical Co., Ltd. (China)
• Anji Hengfeng Sanitary Material Co., Ltd. (China)
• Beijing Lioning New Material Co., Ltd. (China)
• Shanghai Kindly Enterprise Development Group Co., Ltd. (China)
• BIODEX (United States)
• Civco Medical Instruments Co., Ltd. (China)
• Mim Medical Indústria de Implantes Ltda. (Brazil)
• CNMC Company (China)
• Suzhou Anglestar Medical Instruments Co., Ltd. (China) and Other Major Players.

Key Industry Developments in the Market:

• In March 2024, Marker Detector: A method for robust fiducial marker detection in electron micrographs using wavelet-based template, A novel statistic-based filter strategy is proposed to improve the quality of the candidates by removing the candidates that have a low likelihood of being a fiducial marker

• In Dec 2023, Orbit Fab and Australia’s Space Machines Company cooperate on in-orbit servicing, Australian in-space servicing startup Space Machines Company announced plans Dec. 5 to work with U.S. on-orbit refuelling startup Orbit Fab to validate and demonstrate key technologies

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. FIDUCIAL MARKER MARKET BY PRODUCT (2017-2030)
   1. FIDUCIAL MARKER MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. METAL-BASED MARKERS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2030F)
      3. Historic And Forecasted Market Size in Volume (2017-2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. POLYMER-BASED MARKERS
   5. OTHERS
7. FIDUCIAL MARKER MARKET BY MODALITY (2017-2030)
   1. FIDUCIAL MARKER MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. CT/CBCT
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2030F)
      3. Historic And Forecasted Market Size in Volume (2017-2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. MRI
   5. ULTRASOUND
   6. RADIOTHERAPY
8. FIDUCIAL MARKER MARKET BY CANCER TYPE (2017-2030)
   1. FIDUCIAL MARKER MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. PROSTATE CANCER
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2030F)
      3. Historic And Forecasted Market Size in Volume (2017-2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. LUNG CANCER
   5. BREAST CANCER
   6. GASTRIC CANCER
   7.  OTHERS
9. FIDUCIAL MARKER MARKET BY END-USER (2017-2030)
   1. FIDUCIAL MARKER MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. INDEPENDENT RADIOTHERAPY CENTRES
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2030F)
      3. Historic And Forecasted Market Size in Volume (2017-2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
10. COMPANY PROFILES AND COMPETITIVE ANALYSIS
    1. COMPETITIVE LANDSCAPE
       1. Competitive Benchmarking
       2. FIDUCIAL MARKER Market Share By Manufacturer (2023)
       3. Industry BCG Matrix
       4. Heat Map Analysis
       5. Mergers & Acquisitions
    2. IBA DOSIMETRY GMBH (GERMANY)
       1. Company Overview
       2. Key Executives
       3. Company Snapshot
       4. Role of the Company in the Market
       5. Sustainability and Social Responsibility
       6. Operating Business Segments
       7. Product Portfolio
       8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
       9. Key Strategic Moves And Recent Developments
       10. SWOT Analysis
    3. CIVCO RADIOTHERAPY (UNITED STATES)
    4. CIVCO MEDICAL SOLUTIONS (UNITED STATES)
    5. IBA DOSIMETRY (UNITED STATES)
    6. BEST MEDICAL INTERNATIONAL, INC. (UNITED STATES)
    7. NASLUND MEDICAL AB (SWEDEN)
    8. BEEKLEY MEDICAL (UNITED STATES)
    9. BOSTON SCIENTIFIC CORPORATION (UNITED STATES)
    10. KLARITY MEDICAL PRODUCTS (UNITED STATES)
    11. ELEKTA AB (SWEDEN)
    12. CIRS, INC. (UNITED STATES)
    13. VARIAN MEDICAL SYSTEMS, INC. (UNITED STATES)
    14. CARBON MEDICAL TECHNOLOGIES (UNITED STATES)
    15. 3D SYSTEMS CORPORATION (UNITED STATES)
    16. BRACCO IMAGING S.P.A. (ITALY)
    17. MICROMAR INDÚSTRIA E COMÉRCIO DE EQUIPAMENTOS MÉDICOS LTDA. (BRAZIL)
    18. NINGBO BEILUN J.M. HEALTHCARE PRODUCTS CO., LTD. (CHINA)
    19. MARCO FILIPE TEIXEIRA BARBOSA S.A. (PORTUGAL)
    20. JIANGSU FOLEE MEDICAL EQUIPMENT CO., LTD. (CHINA)
    21. NANFANG MEDICAL CO., LTD. (CHINA)
    22. ANJI HENGFENG SANITARY MATERIAL CO., LTD. (CHINA)
    23. BEIJING LIONING NEW MATERIAL CO., LTD. (CHINA)
    24. SHANGHAI KINDLY ENTERPRISE DEVELOPMENT GROUP CO., LTD. (CHINA)
    25. BIODEX (UNITED STATES)
    26. CIVCO MEDICAL INSTRUMENTS CO., LTD. (CHINA)
    27. MIM MEDICAL INDÚSTRIA DE IMPLANTES LTDA. (BRAZIL)
    28. CNMC COMPANY (CHINA)
    29. SUZHOU ANGLESTAR MEDICAL INSTRUMENTS CO., LTD. (CHINA)
11. GLOBAL FIDUCIAL MARKER MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By PRODUCT
       4. Historic And Forecasted Market Size By MODALITY
       5. Historic And Forecasted Market Size By CANCER TYPE
       6. Historic And Forecasted Market Size By END-USER
       7. Historic And Forecasted Market Size By Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
12. INVESTMENT ANALYSIS
13. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies