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Stereotactic Surgery Devices Market - Global Industry Size, Share, Trends, Opportunity And Forecast 2023-2032
Stereotactic Surgery Devices market
The Business Research Company's Stereotactic Surgery Devices Global Market Report 2023 identifies increasing number of Parkinson's disease and epilepsy as the major driver for the Stereotactic Surgery Devices market's growth in the forecast period. Parkinson's disease is a neurodegenerative illness that causes involuntary shaking, sluggish movement, and stiff, inflexible muscles, whereas epilepsy is a neurological ailment that affects the brain and renders patients more susceptible to experiencing recurring, unprovoked seizures. Stereotactic surgical devices are used to treat movement disorders, epilepsy, pain, and psychiatry, as well as Parkinson's disease. For instance, as per the study revealed by the Parkinson's Foundation, a New York-based national nonprofit organization, in 2022, in the United States, over 90,000 people will be diagnosed with Parkinson's disease each year. This is a 50% rise from the previously expected yearly rate of 60,000 diagnoses. Parkinson's disease (PD) affects almost a million people in the United States. By 2030, to increase to 1.2 million.
The global stereotactic surgery devices market size is expected to grow from $20.56 billion in 2022 to $21.43 billion in 2023 at a compound annual growth rate (CAGR) of 4.24%. 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 global stereotactic surgery devices market size is expected to reach $25.67 billion in 2027 at a CAGR of 4.61%.
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Major competitors in the Stereotactic Surgery Devices market are Alliance Oncology, Micromar Industria Commercio Ltd., Adeor Medical AG, Monteris Medical, Inomed Medizintechnik Gmbh, IBA Proton Therapy.
A key trend in the Stereotactic Surgery Devices market includes Technological advancements. Major companies operating in the stereotactic surgical device market are developing innovative technologies to strengthen their position in the market. For instance, in June 2020, Accuracy Incorporated, a US-based company that provides treatment delivery technologies, launched the CyberKnife S7 system. The unique features of the CyberKnife S7 system include a next-generation CyberKnife platform and a non-invasive radiation therapy device capable of treating cancer, as well as benign cancers across the body and neurologic diseases.
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The Stereotactic Surgery Devices market is segmented -
•By Product: Gamma Knife, Line Accelerator (LINAC) Machines, Proton Beam, CyberKnife
•By Application: Brain Tumor Treatment, Arteriovenous Malformations Treatment, Parkinsons Disease, Epilepsy, Other Applications
•By End User: Hospitals, Laboratories
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Stereotactic Surgery Devices market.
The Business Research Company's "Global Stereotactic Surgery Devices Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Stereotactic Surgery Devices Market Include:
1. Executive Summary
2. Stereotactic Surgery Devices Market Characteristics
3. Stereotactic Surgery Devices Market Trends And Strategies
4. Stereotactic Surgery Devices Market - Macro Economic Scenario
5. Stereotactic Surgery Devices Market Size And Growth
...................
26. Africa Stereotactic Surgery Devices Market
27. Stereotactic Surgery Devices Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Stereotactic Surgery Devices Market
29. Stereotactic Surgery Devices Market Future Outlook and Potential Analysis
30. Appendix
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