Stereotactic Surgery Devices Market Size, Share, Growth and Trends Analysis Report, 2018 to 2025
by Susan Hill Business ConsultantThe 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.
Further key findings from the study suggest:
- 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.
Access
full research report on global stereotactic surgery devices market:
https://www.grandviewresearch.com/industry-analysis/stereotactic-surgery-devices-market
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Created on Aug 21st 2019 08:33. Viewed 322 times.