Veterinary Stereotactic Radiosurgery System Market Insights 2025-2034: Growth Dynamics, Trends, and Strategic Opportunities
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How Significant is the Anticipated Growth Rate of the Veterinary Stereotactic Radiosurgery System Market from 2025 to 2034?
The market size of veterinary stereotactic radiosurgery systems has seen significant expansion in the past few years. It is projected to increase from a value of $2.92 billion in 2024 to approximately $3.28 billion in 2025, with a compound annual growth rate (CAGR) of 12.3%. The surge in growth during the historical period is linked to factors such as rising pet ownership, investments in veterinary healthcare, regulatory backing, and an increase in pet insurance coverage.
The market for veterinary stereotactic radiosurgery systems is set to experience swift expansion in the coming years, with its size projected to reach $5.28 billion by 2029, thanks to a compound annual growth rate (CAGR) of 12.6%. Factors contributing to this growth during the prediction period include a surge in older pet populations, enhanced awareness and education, and the globalization of veterinary services. Other prevailing trends during this time frame will involve the incorporation of AI and robotics, ongoing technological advancements, an increased emphasis on personalized medicine, the inclusion of telemedicine, collaborations and partnerships, rising interest in cyberknife and linac systems, and a focus on less invasive procedures.
Which Primary Drivers Are Supporting the Continued Expansion of the veterinary stereotactic radiosurgery system Market?
The growth of the veterinary stereotactic radiosurgery system market is projected to be driven by an increase in the pet population. Pets are animals that provide both enjoyment and companionship when kept at home. Such systems are used in treating tumors in pets of varied head sizes and shapes. For example, the People’s Dispensary Sick Animals wellness (PAW) Report, which is the most comprehensive annual review of pet wellness in the UK, indicated that in 2023, 53% of UK adults will have a pet. This breaks down to 29% owning a dog, 24% owning a cat, and 2% owning a rabbit. Nearly 67% of veterinarians have noted a surge in pet numbers in the past two years, attributing 71% of this rise to an increase in the number of pets coming to their clinics and 54% to more new pets in their local area. Consequently, the growing pet population is bolstering the expansion of the veterinary stereotactic radiosurgery system market.
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What Are the Key Industry Players Leading the Charge in the Veterinary Stereotactic Radiosurgery System Market’s Growth?
Major companies operating in the veterinary stereotactic radiosurgery system market include:
• PetCure Oncology_x000D_
• Elekta AB_x000D_
• Accuray Incorporated_x000D_
• Varian Medical Systems Inc._x000D_
• Nanovi Radiotherapy A/S_x000D_
How Are Market Trends and Shifts Impacting the Growth Trajectory of the Veterinary Stereotactic Radiosurgery System Market?
Major advancements in technology are emerging as a prominent trend in the veterinary stereotactic radiosurgery system market. To maintain their market position, key players have begun introducing advanced technological developments. For instance, Accuray Incorporated, an American company specializing in radiotherapy systems, has unveiled the CyberKnife S7 system – the newest addition to their CyberKnife radiation therapy range. The robotic radiation therapy system administers stereotactic radiosurgery (SRS) and stereotactic body radiation therapy (SBRT) treatments within a 15-minute window. It effectively addresses both neurological disorders as well as benign and malignant body cancers. The S7 system, featuring Accuray’s Synchrony motion-synchronization technology, is designed to adapt radiation delivery in real-time according to patient or tumor movements. The unique robotic structure of the system facilitates the potential delivery of radiation from thousands of various angles.
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How Are Key Segments Defining the Competitive Landscape of the Veterinary Stereotactic Radiosurgery System Market?
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
What Regions Are Influencing the Dynamics 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
How Is the Definition of the Veterinary Stereotactic Radiosurgery System Market Impacting Future Growth?
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 tumor.
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