The global stereotactic surgery devices market size is expected to reach USD 25.9 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.9% during the forecast period. Stereotactic surgery is a minimally invasive alternative for traditional invasive ablation and biopsy methods. Since, stereotactic surgery has various advantages such as higher efficacy, minimal or no surgical incisions, and lower risk of damage to healthy cells, it is replacing conventional radiotherapies. These surgical procedures have helped overcome drawbacks associated with traditional invasive surgeries, such as destruction of healthy cells and higher risk of recurrence & postoperative complications.
Only
around 10.0% of the population in low and middle-income countries have access
to radiation therapy, owing to dearth of radiation therapy devices. A market
leader, Elekta, in its 2016 annual report stated that the number of
installations of linear accelerators in high-income countries was approximately
13,000, whereas the requirement was around 25,000. Hence, huge demand-supply discrepancy
of radiotherapy devices is likely to open new avenues for major market players
in developing countries.
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Stereotactic
Surgery Devices Market Report Highlights
- Linear accelerators (LINAC)
accounted for the leading volume share in 2017, owing to higher
affordability and larger commercial availability
- CyberKnife is poised to
exhibit the fastest growth over the forecast period owing to their growing
adoption in developing countries
- North America dominated the
market in 2017 due to number of government initiatives focused on creating
awareness regarding availability of advanced treatment options and
presence of developed healthcare infrastructure
- Some of the major players
operating in the market are Siemens Ag, Elekta AB, Varian Medical Systems,
IBA, and Accuray Incorporated
- These players dominate the
market with their strong brand identity and extensive geographical reach
attained through various strategic initiatives such as mergers &
acquisitions and partnership agreements.
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Stereotactic
Surgery Devices Market Segmentation
Grand View Research has segmented
the global stereotactic surgery devices market on the basis of device type and
region:
Stereotactic
Surgery Devices Product Type Outlook (Revenue, USD Million, 2014 - 2025)
- Gamma Knife
- LINAC
- PBRT
- CyberKnife
Stereotactic
Surgery Devices Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Greece
- Italy
- Spain
- France
- Belgium
- Sweden
- Asia Pacific
- Japan
- India
- China
- Australia
- Singapore
- South Korea
- Malaysia
- New Zealand
- Indonesia
- Hong Kong
- Latin America
- Mexico
- Brazil
- Argentina
- MEA
- Morocco
- Kuwait
- Iran
- South Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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