Stereotactic Surgery Devices Market is expected to capture a CAGR of 4.1% during the forecast period 2023 to 2033

The Stereotactic Surgery Devices Market is expected to increase from US$ 26.34 billion in 2023 to US$ 39.36 billion by 2033.

Overall Stereotactic Surgery Devices Market

The primary factors driving demand for Stereotactic Surgery Devices are rising demand for minimally invasive operations, increasing cancer prevalence, and technological improvement in stereotactic surgery equipment.

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With governments and various healthcare professionals focused on research and development and investments in the healthcare sector, the next developments might drive the expansion of the stereotactic surgery instruments industry. Furthermore, the increasing use of these devices in patients with arteriovenous malformations, epilepsy, and Parkinson's disease is likely to provide a substantial boost to the market in the future years. The rising prevalence of these medical disorders is also projected to accelerate the adoption of stereotactic surgery instruments.

One of the most effective cancer treatments is radiosurgery. Stereotactic radiosurgery allows for the precise treatment of malignancies with high-dose radiation. Technical improvements in stereotactic radiosurgery aid in boosting treatment precision. Moreover, stereotactic radiosurgery aids in concentrating radiation dose on tumor cell lining, reducing the influence of radiation on adjacent healthy tissues.

Stereotactic radiosurgery and accompanying equipment are incorporating a variety of technologies. Radiosurgery therapies based on Varian technology help physicians treat many forms of cancer. Varian Medical Systems provide the Edge radiosurgery system, which is based on Varian technology and includes other technological components. Clinics, for example, can employ this modern equipment to perform streamlined stereotactic radiosurgery with speed and precision.

Despite the numerous benefits of stereotactic surgery, the expensive cost of stereotactic instruments is projected to stymie market expansion. Stereotactic radiosurgery can be delivered using ordinary Linear Accelerators (LINACs) or systems such as Gamma Knife. Unfortunately, many nations lack the financing and money to maintain such expensive radiation systems, which may have a negative impact on market growth.

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Key Points from the Stereotactic Surgery Devices Market

• The market is expected to surpass US$ 39.36 billion by 2033.
• Rising surgical procedures, growing cancer prevalence, and increased government awareness campaigns are key factors boosting market expansion.
• Stereotactic Surgery Devices market is expected to hold a CAGR of 4.1% during the forecast period 2023 to 2033.
• North America dominated the Stereotactic Surgery Devices market.

Key Developments in the Stereotactic Surgery Devices Market

• October 2021 - Ion Beam Applications SA announced the launch of the world's first online proton therapy platform.
• June 2021 - Navi Netics Inc. received premarket product approval from the US Food and Drug Administration for their NaviNeticsD1 Stereotactic System.
• June 2021 - Elekta AB gained product approval from the US FDA for their linear accelerator-based Elekta harmony radiation therapy system.
• May 2022 - Elekta AB introduced the Elekta Spirit, a Next-generation Gamma Knife that will offer individualized radiosurgery with sub-milli-meter accuracy and treatment planning in less than 60 seconds.

Major Players are:

• Koninklijke Philips N.V.
• Hitachi Medical Systems
• Huiheng Group
• Siemens Ag
• Elekta AB
• Varian Medical Systems
• IBA
• Accuray Incorporated

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Stereotactic Surgery Devices Market Key Segmentation

Stereotactic Surgery Devices Market by Product:

• Stereotactic Surgery Devices market for Gamma Knife
• Stereotactic Surgery Devices market for LINAC
• Stereotactic Surgery Devices market for PBRT
• Stereotactic Surgery Devices market for Cyber Knife

Stereotactic Surgery Devices Market by Application:

• Stereotactic Surgery Devices market for Liver
• Stereotactic Surgery Devices market for Breast
• Stereotactic Surgery Devices market for Prostate
• Stereotactic Surgery Devices market for Lung
• Stereotactic Surgery Devices market for Colon