Global Stereotactic Surgery Devices Market Size, Share, Forecast Report, 2020-2027

Global stereotactic surgery devices market is expected to grow significantly over the forecast period. It is anticipated that the market held a market value of USD 16.59 billion in 2017 and is projected to grow at a CAGR of 5.2% over the forecast period. Stereotactic surgery is used to treat and diagnose several neurological diseases. In stereotactic brain surgery for brain tumour, tumour is removed with assistance of image guidance, that is previously obtained images are used to guide the surgeon to the exact location of the lesion in the brain. The factors such as increasing preference for minimally invasive surgeries and growing prevalence of brain-related diseases such as Parkinson’s disease is expected to propel the growth of the market over the forecast period. According to the Parkinson’s Foundation, approximately 60,000 Americans are diagnosed with Parkinson’s disease each year. According to the same source, it is anticipated that about 930,000 people in the US will be having Parkinson’s disease by 2020. However, the high installation cost and low treatment charges delays the recovery of the invested amount which thereby limits the adoption of the technology. This factor is expected to restrain the market growth during the forecast period.

Key players:

Koninklijke Philips N.V., Huiheng Medical, Inc., Mitsubishi Heavy Industries, Ltd., GE Healthcare, Varian Medical Systems, Hitachi Medical Systems, Accuray, Inc., Ferring B. V., Elekta AB, and Shinva Medical Instrument Co., Ltd are some of the key players in the global stereotactic surgery devices market.
Segmentation:

The global stereotactic surgery devices market has been segmented into product type and application.

The global market, on the basis of product type, has been segmented into gamma knife, Linear accelerators (LINAC), proton beam therapy, and cyberknife. By product type, linear accelerators (LINAC) segment is expected to hold largest market share owing to the growing adoption rate and installations. Additionally, cyberknife is expected to be the fastest growing segment over the assessment period owing to its growing popularity in the developing economies.

On the basis of application, the market has been segmented into brain tumour, arteriovenous malformations, Parkinson’s disease, epilepsy, and others.

Global Stereotactic Surgery Devices Market, by Product Type

• Gamma Knife
• Linear Accelerators (LINAC)
• Proton Beam Therapy
• Cyberknife

Global Stereotactic Surgery Devices Market, by Application

• Brain Tumor
• Arteriovenous malformations
• Parkinson’s disease
• Epilepsy
• Others

Global Stereotactic Surgery Devices Market, by Region

• Americas
  • North America
    • US
    • Canada
  • South America
• Europe
  • Western Europe
    • Germany
    • France
    • Italy
    • Spain
    • UK
    • Rest of Western Europe
  • Eastern Europe
• Asia-Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific
• Middle East & Africa
  • Middle East
  • Africa