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How has the veterinary stereotactic radiosurgery system market size evolved in recent years?
The market for veterinary stereotactic radiosurgery systems has seen notable growth in the past few years. It is estimated to increase from $2.92 billion in 2024 to $3.28 billion in 2025, reflecting a compound annual growth rate (CAGR) of 12.3%. Multiple factors have contributed to this historic growth, including a rise in pet ownership, investments in veterinary healthcare, regulatory backing, and an expanding pet insurance sector.
What are the predictions for the veterinary stereotactic radiosurgery system market size in the coming years?
The market for veterinary stereotactic radiosurgery systems is anticipated to experience a swift expansion in the coming years, reaching a market size of $5.28 billion in 2029 with a compound annual growth rate (CAGR) of 12.6%. This growth during the projected period can be ascribed to factors such as an increasing number of elderly pets, heightened awareness and education, as well as globalization in veterinary services. The period is also expected to see a surge in trends like AI and robotic integration, continuous technological innovations, an emphasis on personalized medicine and telemedicine, cooperations and collaborations. Additionally, rising interest in cyberknife and linac systems, along with a focus on minimally invasive procedures, is also anticipated.
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What key factors are fueling the growth of the veterinary stereotactic radiosurgery system market?
The increase in the numbers of pets is projected to drive the expansion of the veterinary stereotactic radiosurgery system market. Pets are animals kept at home for companionship and entertainment. The veterinary stereotactic radiosurgery system helps in treating tumors in pets, modifying to fit various head sizes and forms. For example, the People’s Dispensary Sick Animals wellness (PAW) Report, which is the biggest annual study of pet wellness in the UK, suggests that by 2023, 53% of UK adults would have a pet, including 29% who would own a dog, 24% a cat and 2% a rabbit. Moreover, 67% of veterinary practitioners reported an upsurge in pet numbers over the past two years, with 71% attributing this to more pets in their clinic, and 54% attributing it to the appearance of more new pets in their area. Consequently, the growing pet population is fuelling the expansion of the veterinary stereotactic radiosurgery system market.
How is the global veterinary stereotactic radiosurgery system market divided into key segments?
The veterinary stereotactic radiosurgery system market covered in this report is segmented –
1) By Product: Microsurgical Instrumentation, Optical Or Viewing Instruments, Other Products
2) By Modality: Gamma Knife, Linear Accelerator, Particle Beam Radiation Therapy, Cyber Knife
3) By Application: Canine, Feline, Other Applications
4) By End User: Hospitals, Contract Research Organizations (CROs), Other End Users
Subsegments:
1) By Microsurgical Instrumentation: Stereotactic Frames, Navigation Systems, Targeting Devices
2) By Optical Or Viewing Instruments: Endoscopes, Surgical Microscopes, Imaging Systems
3) By Other Products: Treatment Planning Software, Radiation Delivery Systems, Accessories
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Who are the key firms paving the way for growth in the veterinary stereotactic radiosurgery system market?
Major companies operating in the veterinary stereotactic radiosurgery system market include PetCure Oncology, Elekta AB, Accuray Incorporated, Varian Medical Systems Inc., Nanovi Radiotherapy A/S, Ion Beam Applications SA, ZAP Surgical Systems Inc., Brainlab AG, Best Medical International Inc., Mevion Medical Systems Inc., Hitachi Ltd., Sumitomo Heavy Industries Ltd., Shinva Medical Instrument Co. Ltd., Beijing Wandong Medical Equipment Co. Ltd., Neusoft Medical Systems Co. Ltd., Xinjiang Xinxing Medical Equipment Co. Ltd., Beijing Neusoft Medical Systems Co. Ltd., Siemens Healthineers AG, Philips Healthcare Company, GE Healthcare Technologies Inc., Toshiba Medical Systems Corporation, Hitachi Aloka Medical Ltd., Vision RT Limited
Which trends are expected to transform the veterinary stereotactic radiosurgery system market?
The veterinary stereotactic radiosurgery system market is witnessing a major trend of technological innovation. Staying at the leading edge of advancements in technology is a focus for prominent market players who aim to maintain their market share. An illustration of this trend is Accuray Incorporated – a US company specializing in radiotherapy systems. They recently unveiled the CyberKnife S7 system, which is the most recent iteration of the company’s CyberKnife radiation therapy series. This robotic radiation therapy system is capable of delivering stereotactic radiosurgery (SRS) and stereotactic body radiation therapy (SBRT) in quick, 15-minute sessions, effectively addressing a range of neurological conditions and various benign and malignant cancers. This S7 system makes use of Accuray’s proprietary Synchrony motion-synchronization technology to monitor and adjust radiation delivery in real time to movements of the patient or tumor. This groundbreaking system, unique in its robotic architecture, has the ability to deliver radiation from potentially thousands of diverse angles.
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What regions are contributing significantly to the growth of the veterinary stereotactic radiosurgery system market?
North America was the largest region in the veterinary stereotactic radiosurgery system market in 2024. The regions covered in the veterinary stereotactic radiosurgery system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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