The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s veterinary stereotactic radiosurgery system market report forecasts the veterinary stereotactic radiosurgery system market size to grow to $4.44 Billion by 2027, with a CAGR (compound annual growth rate) of more than 13%.

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Veterinary Stereotactic Radiosurgery System Market Size Forecast
The global veterinary stereotactic radiosurgery system market is expected to grow from $2.35 billion in 2022 to $2.69 billion in 2023 at a compound annual growth rate (CAGR) of 14.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The veterinary stereotactic radiosurgery system market size is expected to grow to $4.44 billion in 2027 at a CAGR of 13.3%.

North America held the largest veterinary stereotactic radiosurgery system market share.

Key Veterinary Stereotactic Radiosurgery System Market Driver ­– Rise In The Pet Population
For instance, according to the survey, named ‘The Market for Pet Owners’ of over 2,000 pet owners in the USA in October 2020, conducted by The American Veterinary Medical Association, a US-based not-for-profit association representing veterinarians in the US, 45% of households had dogs in 2020. In 2019, between 83.7 million and 88.9 million dogs were reported to be kept as pets, and 26% of households had cats. Therefore, the rise in the pet population is driving the growth of the veterinary stereotactic radiosurgery system market.

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Key Veterinary Stereotactic Radiosurgery System Market Trend – Technological Advancement
Major players operating in the market are developing advanced technologies to sustain their position in the veterinary stereotactic radiosurgery system market. For instance, in June 2020, Accuray Incorporated, a US-based manufacturer of radiotherapy systems, launched the CyberKnife S7 system, the latest generation of the company’s CyberKnife radiation therapy platform. Stereotactic radiosurgery (SRS) and stereotactic body radiation therapy (SBRT) treatments are administered by the robotic radiation therapy system in a 15-minute time frame. It tackles neurological diseases as well as benign and malignant cancers throughout the body. In order to tailor radiation administration in real-time to the patient and/or tumor movement, S7 leverages Accuray’s Synchrony motion-synchronization technology. The system’s unique robotic architecture enables the delivery of radiation from possibly thousands of different angles.

Veterinary Stereotactic Radiosurgery System Market Segment
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

Veterinary Stereotactic Radiosurgery System Market Major Players and Strategies
Major players in the veterinary stereotactic radiosurgery system market are PetCure Oncology, Elekta AB, Accuray, Varian Medical Systems, C. R. Bard Inc., Nanovi Radiotherapy A/S, and Ion Beam Applications SA.

In April 2021, Siemens Healthineers, a Germany-based healthcare company, acquired Varian Medical Systems for an undisclosed amount. This acquisition increases Siemen’s influence on the world of healthcare and solidifies its position as a reliable partner for clients and patients throughout the full cancer care continuum as well as for many of the most dangerous illnesses. Varian Medical Systems is a UK-based healthcare company providing stereotactic radiosurgery systems for veterinary use.

The Veterinary Stereotactic Radiosurgery System Global Market Report 2023 covers regional data on veterinary stereotactic radiosurgery system market size, veterinary stereotactic radiosurgery system market trends and drivers, opportunities, strategies, and veterinary stereotactic radiosurgery system market competitor analysis. The countries covered in the veterinary stereotactic radiosurgery system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

A veterinary stereotactic radiosurgery system refers to a form of external radiation therapy that positions the patient precisely while administering a single, high dosage of radiation to a tumour.

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