Stereotactic Surgery Devices Market Trends

Growth Drivers

• Rising Popularity of Minimally Invasive Procedures – Stereotactic surgery is a minimally invasive method of surgical intervention that uses small scalp incisions to provide a safer alternative to traditional brain surgery. Moreover, it employs a three-dimensional coordinate system to pinpoint small objects inside the body without the necessity of a general anesthetic.
• Growing Popularity of Augmented Reality- Augmented reality (AR) and virtual reality are new technologies and the next stage in the integration of stereotactic navigation into spinal surgery that allows surgeons to view three-dimensional virtual reconstructions of anatomical components placed over the surgical area on a tablet computer. 

Mobile augmented reality will become increasingly popular in the next 2-3 years, with estimates indicating that there will be more than 2 billion mobile AR users worldwide by 2023.

Challenges

• High Initial Cost – The development of stereotactic surgery devices incorporates advanced components such as high-resolution imaging systems, and robotic arms which are expensive to produce and also involve high cost of ownership, and cost of surgical setup which may make it difficult for the technology to be adopted by a wider number of laboratories with limited budget. 

Besides this, the market for stereotactic surgery equipment is changing rapidly as a result of extensive research and development activity by leading competitors which usually costs more as these devices require a high level of precision and availability of trained professionals. Furthermore, the high cost of device maintenance also adds to the overall cost.

• Stringent Rules and Regulations to Obtain Approval for New Stereotactic Surgery Devices
• Lack of Awareness about the Benefits of Stereotactic Surgery