Stereotactic Surgery Devices Market Share, Statistics 2030: Major Factors that can Increase the Global Demand
Market Highlights:
According to the latest research report, Stereotactic
Surgery Devices Market is predicted to develop at a high rate over the
projected period.
It is expected that the market had market revenue of Usd
16.59 billion in the year 2017 and that it would increase at a compound annual
growth rate of a CAGR of 5.2 percent during the forecast timeframe 2022-2030.
Stereotactic surgery is a minimally invasive form of
surgical intervention that uses a 3D coordinate system to locate small targets
inside the body and perform actions such as ablation and biopsy. The rising
preference for minimally invasive surgeries, increasing adoption of stereo
static surgery devices, and growing prevalence of brain-related diseases such
as Parkinson’s disease, brain tumor, and others is anticipated to drive the
growth of the market over the assessment period. According to the National
Tumor Society, an estimated 700,000 people in the US were living with a primary
brain tumor in 2017 and about 78,980 people are expected to be diagnosed for
primary brain tumor in 2018. Moreover, according to reports published by Elekta
AB company, an estimated 70,000 patients undergo gamma knife surgery each year.
On the other hand, the high installation cost and low
treatment charges delays the recovery of the invested amount which thus limits
the adoption of the technology. This factor is expected to hamper the growth of
the market over the forecast period.
Key Players:
Some of the prominent Stereotactic Surgery Devices Market
Players are Huiheng Medical, Inc., Mitsubishi Heavy Industries, Ltd., GE
Healthcare, Elekta AB, Koninklijke Philips N.V., Varian Medical Systems,
Hitachi Medical Systems, Accuray, Inc., Ferring B. V., and Shinva Medical
Instrument Co., Ltd.
Segmentation:
The global Stereotactic
Surgery Devices Market Trends has been segmented into product type and
application.
·
The global market, on the basis of product
type, has been segmented into gamma knife, Linear accelerators (LINAC),
proton beam therapy, and cyberknife. By product type, linear accelerators
(LINAC) segment is expected to hold largest market share owing to the growing
adoption rate and installations. Additionally, cyberknife is expected to be the
fastest growing segment over the assessment period owing to its growing
popularity in the developing economies.
·
On the basis of application, the market
has been segmented into brain tumor, arteriovenous malformations, Parkinson’s
disease, epilepsy, and others.
Regional Analysis:
Geographically, the Americas is expected to dominate the
global Stereotactic Surgery Devices Market owing to the rising prevalence of
neurological diseases, presence of developed healthcare infrastructure, and
high disposable income. Europe is anticipated to hold the second largest
position in the global Stereotactic
Surgery Devices Market Share The market growth in this region is
mainly due to the increasing occurrences of brain diseases and presence of
developed healthcare sector. The Asia-Pacific region is expected to be fastest
growing region owing to the growing prevalence of brain-related diseases and
continuously growing healthcare sector. The Middle East & Africa has the
least share of the market owing to the limited presence of developed healthcare
infrastructure in the African region.
Related Report:
·
Global
Medical Robotics Market Research Report- Forecast To 2027
·
Global
Body Contouring Market Research Report- Forecast To 2027
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