Stereotactic Surgery Devices Market Analysis

  • Report ID: 5331
  • Published Date: Oct 19, 2023
  • Report Format: PDF, PPT

Stereotactic Surgery Devices Market Analysis

Application (Liver, Breast, Prostate, Lung, Colon)

The breast segment is estimated to account for 25% share of the global stereotactic surgery devices market in the coming years owing to the rising cases of breast cancer. It is expected that smoking, exposure to carcinogenic substances, changes in other hormones caused by night shift jobs, family history, obesity, and a sedentary lifestyle raise the risk of breast cancer. This has led to an increase in demand for stereotactic surgery devices as stereotactic radiation therapy appears to be promising for elderly women with breast cancer. For instance, The FDA has authorized GammaPod, a novel breast-specific stereotactic body radiotherapy equipment designed to treat breast cancer since it can apply ablative doses with sharp gradients using stereotactic image guidance which means that the tumor receives a high dosage of radiation while the tissues surrounding it receive a considerably lesser dose that reduces the likelihood of side effects.

In 2020, there were more than 7 million women alive who had been diagnosed with breast cancer in the previous five years, making it the world's most common malignancy, which is expected to increase by more than 35% by 2040, to over 2 million cases per year.

Product (Gamma Knife, LINAC, Proton Beam Radiation Therapy (PBRT), CyberKnife)

Stereotactic surgery devices market from the gamma knife segment is set to garner a notable share shortly. Stereotactic radiosurgery, such as Gamma Knife, is a radiation therapy equipment that uses very accurate gamma ray beams to treat a lesion or tumor, and aberrant blood vessel forms in adults and children. Moreover, tumors and other diseases are destroyed with high-energy radiation by employing computer-aided design tools whereby instead of opening the skull to remove a tumor or lesion, gamma radiation beams are used.

Besides this, the LINAC (Linear Accelerator) segment may garner significant share during the forecast timeframe. The LINAC is presently the most often utilized device for conventional radiation and radiosurgery delivery that is becoming more common as a method of radiation therapy for cerebral arteriovenous malformations (AVMs). During treatment, the LINAC equipment moves and rotates around the target to provide radiation beams from various angles and is known as the most widely used method for delivering stereotactic radiosurgery and stereotactic body radiotherapy, respectively which is a non-surgical radiation therapy that is used to treat functional impairments and tiny brain tumors.

Our in-depth analysis of the global stereotactic surgery devices market includes the following segments:

          Product

  • Gamma Knife
  • LINAC
  •  Proton Beam Radiation Therapy (PBRT)
  • CyberKnife

          Application

  • Liver
  •  Breast
  • Prostate
  • Lung
  • Colon

          End-Use

  • Hospitals
  • Laboratories
 

Browse Key Market Insights with Data Illustration:


Author Credits:  Radhika Gupta, Shivam Bhutani


  • Report ID: 5331
  • Published Date: Oct 19, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising cases of cancer across the globe and growing technological advancements are the major factors driving the growth of the market.

The market size of Stereotactic Surgery Devices is anticipated to attain a CAGR of 5.7% over the forecast period, i.e., 2024-2036.

The major players in the market are Hitachi Medical Systems, Huiheng Group, Siemens AG, Elekta AB, Varian Medical Systems, IBA, Accuray Incorporated, GE Healthcare, and others.

The breast segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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