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Pet Population Surge Boosts Growth In The Veterinary Stereotactic Radiosurgery System Market Driver: A Major Catalyst in the Evolution of the Veterinary Stereotactic Radiosurgery System Market in 2025
Veterinary Stereotactic Radiosurgery System Market
The surge in pet numbers is forecasted to spur the expansion of the veterinary stereotactic radiosurgery system market in future. Pets are defined as animals that people keep at home for pleasure and companionship. This veterinary system facilitates the treatment of tumors in pets that come in diverse head sizes and shapes. For example, the People's Dispensary Sick Animals Wellness (PAW) Report, which is the largest annual pet health survey in the UK, predicts that 53% of UK adults will have a pet in 2023, with 29% owning a dog, 24% a cat and 2% a rabbit. A significant 67% of veterinarians report a rise in pet numbers over the past two years, attributing 71% of the increase to a higher number of pets visiting their clinic and 54% to more new pets in their local communities. Therefore, the escalating pet numbers translate into a growth trajectory for the veterinary stereotactic radiosurgery system market.
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What is the projected compound annual growth rate (CAGR) of the veterinary stereotactic radiosurgery system market from 2025 to 2034, and what factors influence it?
The market for veterinary stereotactic radiosurgery systems has seen a significant expansion in the past few years. The market size, which stood at $2.92 billion in 2024, is projected to rise to $3.28 billion in 2025, representing a compound annual growth rate (CAGR) of 12.3%. Factors such as the rise in pet ownership, investments in veterinary healthcare, regulatory backing, and the increase of pet insurance have contributed to the growth witnessed during the historical period.
The market size for the veterinary stereotactic radiosurgery system is predicted to undergo significant growth in the coming years, with an expected valuation of $5.28 billion in 2029 and a compound annual growth rate (CAGR) of 12.6%. This projected expansion during the forecast period may be due to a number of key factors such as a growing geriatric pet population, increased awareness and education about the topic and globalisation of veterinary services. Notable anticipated trends during this forecast period encompass the incorporation of AI and robotics, continuous technological advancements, a greater emphasis on individualised medicine, the integration of telemedicine, and collaborations and partnerships. There is also an expected surge in demand for cyberknife and linac systems and an increased focus on minimally invasive procedures.
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How are the latest trends influencing the growth of the veterinary stereotactic radiosurgery system market?
Rapid technological upgrades represent a key trend emerging within the veterinary stereotactic radiosurgery system market. To hold their market placings, major industry players are investing in the development of pioneering technologies. A case in point is US-based radiotherapy systems manufacturer, Accuray Incorporated, which unveiled the latest iteration of its CyberKnife radiation therapy offering in the form of the CyberKnife S7 system. This robotic radiation therapy system administers Stereotactic radiosurgery (SRS) and stereotactic body radiation therapy (SBRT) treatments over 15 minutes, effectively addressing benign and malignant cancers as well as neurological conditions throughout the body. The system uses Accuray's Synchrony motion-synchronization technology to adapt real-time radiation application according to patient or tumour movement. Besides, the S7's exceptional robotic structure allows for possible radiation delivery from thousands of contrasting angles.
What are the major segments of the veterinary stereotactic radiosurgery system market and their role in driving growth?
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
Subsegments:
1) By Microsurgical Instrumentation: Stereotactic Frames, Navigation Systems, Targeting Devices
2) By Optical Or Viewing Instruments: Endoscopes, Surgical Microscopes, Imaging Systems
3) By Other Products: Treatment Planning Software, Radiation Delivery Systems, Accessories
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Which regions are key players in the growth of the veterinary stereotactic radiosurgery system market?
North America was the largest region in the veterinary stereotactic radiosurgery system market in 2024. 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
Who are the key firms paving the way for growth in the veterinary stereotactic radiosurgery system market?
Major companies operating in the veterinary stereotactic radiosurgery system market include PetCure Oncology, Elekta AB, Accuray Incorporated, Varian Medical Systems 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., Sumitomo Heavy Industries Ltd., Shinva Medical Instrument Co. Ltd., Beijing Wandong Medical Equipment 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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What Is Covered In The Veterinary Stereotactic Radiosurgery System Global Market Report?
•Market Size Forecast: Examine the veterinary stereotactic radiosurgery system market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the veterinary stereotactic radiosurgery system market for a structured understanding.
•Key Players Overview: Analyze major players in the veterinary stereotactic radiosurgery system market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the veterinary stereotactic radiosurgery system market.
•Segment Contributions: Evaluate how different segments drive overall growth in the veterinary stereotactic radiosurgery system market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the veterinary stereotactic radiosurgery system market.
•Industry Challenges: Identify potential risks and obstacles affecting the veterinary stereotactic radiosurgery system market.
•Competitive Landscape: Review strategic developments in the veterinary stereotactic radiosurgery system market, including expansions, agreements, and new product launches.
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