Dublin, July 27, 2023 (GLOBE NEWSWIRE) -- The "Stereotactic Surgery Devices Market Size, Share & Trends Analysis Report By Product (Gamma Knife, LINAC, PBRT, CyberKnife), By Application (Liver, Breast), By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global stereotactic surgery devices market size is projected to reach USD 34.47 billion by 2030, expanding at 3.9% CAGR from 2023 to 2030.
Increasing demand for minimally invasive surgeries, new product launches, and increasing investments in radiotherapy to improve oncology treatment are key factors driving the demand for stereotactic surgery devices industry.
Minimally invasive stereotactic surgeries offer various benefits such as faster recovery, shorter hospital stays, and lower morbidity & mortality rate, which are the major factors increasing its adoption rate. This is also leading to stereotactic surgery devices replacing conventional invasive procedures.
The COVID-19 pandemic negatively impacted the market and led to a sharp fall in sales of stereotactic surgery devices. The lockdowns and restrictions led by the government led to a reduction in the diagnosis of cancer which resulted in less number of people undergoing radiation therapy. Moreover, changes in healthcare priorities and increased focus on treating COVID-19-infected patients also resulted in reduced patient visits to hospitals and clinics.
However, the market observed a quick recovery in the second half of 2021 and experienced significant growth in 2022 with an increased focus on healthcare by various government organizations. Moreover, with product launches with breakthrough technologies and continuous research funding by various organizations in oncology the market is expected to experience exponential growth over the forecast period.
Stereotactic Surgery Devices Market Report Highlights
- The PBRT segment held the highest market share in 2022 due to its effectiveness in treating various types of malignancies
- The CyberKnife segment is expected to experience maximum growth over the forecast period owing to product launches of technologically advanced CyberKnife
- The breast segment accounted for the highest share in 2022 owing to the increasing prevalence of breast cancer globally
- Lung cancer is expected to experience significant growth due to the rising number of smokers and the degrading quality of air due to pollution
- North America accounted for the highest market share in 2022 owing to the presence of technologically advanced and well-established healthcare facilities
- Increasing investments by medical technology companies in developing and underdeveloped countries are expected to render maximum growth in Latin America
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 120 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $25.3 Billion |
| Forecasted Market Value (USD) by 2030 | $34.47 Billion |
| Compound Annual Growth Rate | 3.9% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Stereotactic Surgery Devices Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market outlook
3.1.2. Related/ancillary market outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Reimbursement framework
3.4. Market Dynamics
3.4.1. Market driver analysis
3.4.1.1. Increasing prevalence of chronic diseases
3.4.1.2. Increasing preference for minimally invasive surgeries
3.4.1.3. Rising geriatric population
3.4.2. Market restraint analysis
3.4.2.1. Lack of skilled professionals
3.4.2.2. Stringent regulations
3.5. Stereotactic Surgery Devices Market Analysis Tools
Chapter 4. Stereotactic Surgery Devices Market: Type Estimates & Trend Analysis
Chapter 5. Stereotactic Surgery Devices: Application Estimates & Trend Analysis
Chapter 6. Stereotactic Surgery Devices Market: Regional Estimates & Trend Analysis
Chapter 7. Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/lp20he
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