Key Trends and Insights into the Stereotactic Surgery Devices Market: Growth Rate and Opportunities to 2034
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What key factors are powering the surge in the stereotactic surgery devices market right now?
In recent years, the market size for stereotactic surgery devices has experienced consistent growth. It is projected to expand from $21.8 billion in 2024 to about $22.63 billion in 2025, marking a compound annual growth rate (CAGR) of 3.8%. This growth during the historic period can be credited to a shift towards procedures that are minimally invasive, added demand for precision and accuracy, the integration of robotics and automation, and enhanced safety profiles.
How fast Is the stereotactic surgery devices market expected to grow, and what’s its future value?
The market for stereotactic surgery devices is projected to experience significant expansion in the coming years, anticipated to reach a value of “$28.89 billion by 2029, with a compound annual growth rate (CAGR) of 6.3%. This projected growth during the forecast period can be traced back to an increase in cancer cases, the incorporation of artificial intelligence and machine learning, the application in new medical fields, a growing elderly population, and individualized treatments. The upcoming trends for the forecast period count the enhancements in precision and accuracy, miniaturization of devices, the evolution of robotics and automation, bespoke treatment methods, and broadened applications and procedures.
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What are the leading drivers of growth in the stereotactic surgery devices market?
The escalating incidences of Parkinson’s disease and epilepsy are predicted to propel the advancement of the stereotactic surgical device market. Parkinson’s disease, a neurodegenerative disorder, leads to involuntary tremors, slow movement, and rigid muscles, while epilepsy is a neurological condition which puts patients at a higher risk of suffering frequent, unpredictable seizures. Stereotactic surgical devices are employed for the treatment of movement disorders, epilepsy, pain, psychiatry, alongside Parkinson’s disease. For example, the Parkinson’s Foundation, a national nonprofit organization headquartered in New York, disclosed in a 2022 study that above 90,000 individuals will be diagnosed with Parkinson’s disease annually in the United States, indicating a 50% increase from the previously anticipated annual rate of 60,000 diagnoses. Parkinson’s disease (PD) impacts nearly a million people in the United States and is projected to surge to 1.2 million by 2030. Consequently, the rising incidences of Parkinson’s disease and epilepsy are propelling the stereotactic surgical device market’s expansion.
What are the key segments defining the stereotactic surgery devices market?
The stereotactic surgery devices market covered in this report is segmented –
1) By Product: Gamma Knife, Line Accelerator (LINAC) Machines, Proton Beam, CyberKnife
2) By Application: Brain Tumor Treatment, Arteriovenous Malformations Treatment, Parkinsons Disease, Epilepsy, Other Applications
3) By End User: Hospitals, Laboratories
Subsegments:
1) By Gamma Knife: Leksell Gamma Knife Perfexion, Leksell Gamma Knife Icon
2) By Line Accelerator (LINAC) Machines: Conventional LINAC, Image-Guided Radiation Therapy (IGRT) LINAC
3) By Proton Beam: Fixed Beam Proton Therapy Systems, Scanned Beam Proton Therapy Systems
4) By CyberKnife: CyberKnife M6 System, CyberKnife VSI System
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Who are the key players steering the development of the stereotactic surgery devices market?
Major companies operating in the stereotactic surgery devices market include Alliance Oncology, Micromar Industria Commercio Ltda., Adeor Medical AG, Monteris Medical Holding AG, Inomed Medizintechnik GmbH, Ion Beam Applications S.A. (IBA), Elekta AB (publ), Varian Medical Systems Inc., Accuracy Incorporated, Modus Medical Devices Inc., Koninklijke Philips N.V., Huiheng Group Co. Ltd., Mitsubishi Heavy Industries Ltd., GE Healthcare, Siemens AG, Medtronic plc, Brainlab AG, Renishaw plc, Neuropace Inc., Microvention Inc., MR Solutions Ltd., RaySearch Laboratories AB, Alpha Omega Engineering Inc., FHC Inc., Nexstim Plc, Scopis GmbH, IZI Medical Products LLC, Integra LifeSciences Holdings Corporation, Computerized Imaging Reference Systems Inc., MRI Interventions Inc., ZAP Surgical Systems Inc., Schaerer Medical USA Inc.
What emerging trends are influencing the growth of the stereotactic surgery devices market?
Technological innovation is emerging as a driving factor in the stereotactic surgical device market, as leading organizations strive to reinforce their market standing with newly developed technologies. For example, in May 2023, Brainlab, a medical technology firm based in Germany, introduced a novel product named ExacTrac Dynamic Surface. This new addition is a surface-guided radiation therapy (SGRT) system that monitors and positions patients. The system integrates high-speed thermal surface tracking technology with an ExacTrac X-ray monitoring update, enhancing versatility and precision in patient positioning and monitoring across various treatments, such as cranial and spine stereotactic radiosurgery (SRS) and stereotactic body radiation therapy (SBRT). The system projects a structured blue light pattern on the patient’s body, captured by twin 3D cameras. Additionally, each surface point has a thermal signature illumination, captured by a third camera within the unit.
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Which regions are most influential in expanding the stereotactic surgery devices market?
North America was the largest region in the stereotactic surgery devices market in 2024. The regions covered in the stereotactic surgery devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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