Stereotactic Surgery Devices Market Analysis of Future Growth, Opportunities, Current Scope and Revenue Estimation
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.
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 players in the global stereotactic
surgery devices market 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 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 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 Trends 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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