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Veterinary Stereotactic Radiosurgery System Market Growth, Competition And Forecast Report 2024-2033
Veterinary Stereotactic Radiosurgery System Market Growth
Veterinary Stereotactic Radiosurgery System Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $4.74 billion In 2028 At A CAGR Of 12.6% :
The veterinary stereotactic radiosurgery system market size has grown rapidly in recent years. It will grow from $2.61 billion in 2023 to $2.95 billion in 2024 at a compound annual growth rate (CAGR) of 13.0%. The growth in the historic period can be attributed to increasing pet ownership, veterinary healthcare investments, regulatory support, growing pet insurance.
The veterinary stereotactic radiosurgery system market size is expected to see rapid growth in the next few years. It will grow to $4.74 billion in 2028 at a compound annual growth rate (CAGR) of 12.6%. The growth in the forecast period can be attributed to expanding geriatric pet population, rising awareness and education, globalization of veterinary services. Major trends in the forecast period include integration of ai and robotics, continuous technological innovation, increased focus on personalized medicine, telemedicine integration, collaborations and partnerships, growing popularity of cyberknife and linac systems, focus on minimally invasive procedures.
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Veterinary Stereotactic Radiosurgery System Market Major Segments
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
Key Driver - Pet Population Surge Boosts Growth In The Veterinary Stereotactic Radiosurgery System Market
The rise in the pet population is expected to propel the growth of the veterinary stereotactic radiosurgery system market going forward. A pet refers to an animal that keep in the house for enjoyment and company. The veterinary stereotactic radiosurgery system aids in the treatment of tumors in pets with a variety of head sizes and shapes. For instance, according to the People's Dispensary Sick Animals wellness (PAW) Report is the UK's largest yearly examination of pet wellness, in 2023, 53% of UK adults would possess a pet (up from 51% in February 2020), with 29% owning a dog, 24% owning a cat, and 2% owning a rabbit. 67% of veterinary practitioners report an increase in the pet population in the last two years, with 71% believing it is due to more pets in their clinic and 54% believing it is due to more new pets in their community. Therefore, the rise in the pet population is driving the growth of the veterinary stereotactic radiosurgery system market.
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Prominent Trend - Technological Advancements And Major Player Innovations In The Veterinary Stereotactic Radiosurgery System Market
Technological advancements are a key trend gaining popularity in the veterinary stereotactic radiosurgery system market. Major players operating in the market are developing advanced technologies to sustain their position in the veterinary stereotactic radiosurgery system market. For example, Accuray Incorporated, a US-based manufacturer of radiotherapy systems, launched the CyberKnife S7 system, the latest generation of the company's CyberKnife radiation therapy platform. Stereotactic radiosurgery (SRS) and stereotactic body radiation therapy (SBRT) treatments are administered by the robotic radiation therapy system in a 15-minute time frame. It tackles neurological diseases as well as benign and malignant cancers throughout the body. In order to tailor radiation administration in real-time to the patient and/or tumor movement, S7 leverages Accuray's Synchrony motion-synchronization technology. The system's unique robotic architecture enables the delivery of radiation from possibly thousands of different angles.
Veterinary Stereotactic Radiosurgery System Market Players
Major companies operating in the veterinary stereotactic radiosurgery system market report are PetCure Oncology, Elekta AB, Accuray Incorporated, Varian Medical Systems Inc., C. R. Bard Inc., Nanovi Radiotherapy A/S, Ion Beam Applications SA, ZAP Surgical Systems Inc., Brainlab AG, Best Medical International Inc., Mevion Medical Systems Inc., Hitachi Ltd., Mitsubishi Electric Corporation, Sumitomo Heavy Industries Ltd., Shinva Medical Instrument Co. Ltd., Huiheng Medical Inc., Beijing Wandong Medical Equipment Co. Ltd., Guangzhou Yueshen Medical Equipment Co. Ltd., Jiangsu Keling Medical Appliances Co. Ltd., Shenzhen Xinglidong Medical Equipment Co. Ltd., Shandong Xinhua Medical Instrument Co. Ltd., Neusoft Medical Systems Co. Ltd., Xinjiang Xinxing Medical Equipment Co. Ltd., Beijing Neusoft Medical Systems Co. Ltd., Siemens Healthineers AG, Philips Healthcare Company, GE Healthcare Technologies Inc., Toshiba Medical Systems Corporation, Hitachi Aloka Medical Ltd., Vision RT Limited
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Largest And Fastest Growing Region In The Market
North America was the largest region in the veterinary stereotactic radiosurgery system market in 2023. 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
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Veterinary Stereotactic Radiosurgery System Market Report Structure
3. Veterinary Stereotactic Radiosurgery System Market Trends And Strategies
4. Veterinary Stereotactic Radiosurgery System Market - Macro Economic Scenario
5. Veterinary Stereotactic Radiosurgery System Market Size And Growth
…..
27. Veterinary Stereotactic Radiosurgery System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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