Sensus Healthcare ( SRTS Quick Quote SRTS - Free Report) , a medical device company focused on effective and non-invasive treatments, recently announced a strategic partnership with MIS Healthcare. Under this partnership, Sensus Healthcare will distribute its superficial radiation therapy (SRT) products in the United Kingdom and Ireland.
This collaboration marks a significant milestone for Sensus Healthcare, expanding its market presence and opening up new opportunities in the region.
More on the Deal
The agreement includes the distribution of Sensus Healthcare's SRT-100, SRT-100+ and SRT-100 Vision systems, specifically designed for the treatment of non-melanoma skin cancer and keloids. With nearly 600 people being diagnosed with non-melanoma skin cancer each day in the United Kingdom and Ireland, the introduction of Sensus Healthcare's products offers a promising alternative treatment option that is non-invasive and painless.
Image Source: Zacks Investment Research Collaboration Expands SRTS' Market Reach
By joining forces with MIS Healthcare, SRTS gains increased exposure and access to a wider customer base. The partnership enables the company to tap MIS Healthcare's extensive network and strong relationships within the public and private healthcare sectors. This support will facilitate an effective market entry and further enhance the adoption of Sensus' innovative solutions.
According to an IMARC Group
report, the global market for non-melanoma skin cancer treatment is poised for significant growth in the coming years. The market reached a size of $535.4 million in 2022 and is projected to reach $725.7 million by 2028, exhibiting a CAGR of 5.3% during the forecast period of 2023-2028.
Several factors are driving the growth of this market. The increasing prevalence of skin cancer, along with a rise in the geriatric population worldwide, is contributing to market expansion.
There is also growing awareness among the general population regarding the available treatment options for non-melanoma skin cancer, which is fueling market growth. Compared to traditional therapies, superficial radiation therapy offers reduced side effects and can be administered using portable devices. These devices are also used for accurate and sensitive early diagnosis of skin lesions.
Technological advancements, such as the development of electronic brachytherapy, are acting as growth catalysts. Additionally, increased healthcare expenditures by individuals, government funding for clinical trials, and extensive research and development activities are anticipated to propel the market’s growth further.
Share Price Performance
In the past year, SRTS shares have plummeted 60.5% against the
industry’s rise of 11.9%. Zacks and Key Picks
Sensus Healthcare currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the overall healthcare sector are
Haemonetics ( HAE Quick Quote HAE - Free Report) , Zimmer Biomet ( ZBH Quick Quote ZBH - Free Report) and SiBone ( SIBN Quick Quote SIBN - Free Report) . While Haemonetics sports a Zacks Rank #1 (Strong Buy), Zimmer Biomet and SiBone each carry a Zacks Rank #2 (Buy). You can see . the complete list of today’s Zacks #1 Rank stocks here
Haemonetics stock has risen 29.8% in the past year. The Zacks Consensus Estimate for Haemonetics’ earnings per share (EPS) has increased from $3.55 to $3.56 for fiscal 2024 and remained constant at $3.96 for fiscal 2025 in the past 30 days.
HAE’s earnings beat estimates in each of the trailing four quarters, the average surprise being 12.21%. In the last reported quarter, the company registered an earnings surprise of 13.24%.
The Zacks Consensus Estimate for Zimmer Biomet’s 2023 EPS has remained constant at $7.45 in the past 30 days. Shares of the company have improved 38.3% in the past year against the industry’s 22.6% decline.
ZBH’s earnings beat estimates in each of the trailing four quarters, the average surprise being 7.38%. In the last reported quarter, the company recorded an earnings surprise of 13.86%.
The Zacks Consensus Estimate for SiBone’s 2023 loss per share has narrowed from $1.44 to $1.42 in the past 30 days. SIBN shares have improved 103.5% in the past year compared with the industry’s 8.9% growth.
SiBone’s earnings beat estimates in three of the trailing four quarters and missed the same in one, the average surprise being 11.11%. In the last reported quarter, the company recorded an earnings surprise of 21.95%.
Disclaimer: This article has been written with the assistance of Generative AI. However, the author has reviewed, revised, supplemented, and rewritten parts of this content to ensure its originality and the precision of the incorporated information.