Stereotactic Surgery Market Focusing on Current Trends, Leading with Top Key Players like Koninklijke Philips N.V., Huiheng Medical Inc., MITSUBISHI HEAVY INDUSTRIES, LTD., Varian Medical Systems, Inc

Stereotactic surgery market is expected to rise with the substantial CAGR in the forecast period of 2019 to 2026. The imminent market report contains data for historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026. Presence of the developed healthcare infrastructure, which is helpful in surgery, is driving the market

This stereotactic surgery report is an important document for every market enthusiast, policymaker, investor, and market player. The report suggests that the market has shown rapid development in the current and past years and is going to progress with continuing growth in the upcoming years. This market research report gives explanation about the strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the healthcare industry. Primary and secondary research methodologies have been employed for a detailed study to generate this stereotactic surgery industry report.

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Key Market Competitors:

Some of the major companies functioning in global stereotactic surgery market are Koninklijke Philips N.V., Huiheng Medical Inc., MITSUBISHI HEAVY INDUSTRIES, LTD., Varian Medical Systems, Inc., Hitachi Medical Systems Holding,., Accuray Incorporated, Ferring B.V., SHINVA MEDICAL INSTRUMENT CO., LTD., Elekta AB (pub), Radiological Society of North America, Inc., Mevion Medical Systems, Siemens, ProTom International, Provision Healthcare, Nordion (Canada) Inc, Blount MASEP, Vision RT Ltd, Neuroscience Institute Foundation., IBA among others

Key Developments in the Market:

  • In December 2018, Elekta AB (pub) announced that it received 510(k) FDA approval for its product, magnetic resonance radiation therapy, used for cancer therapy. This will lead to expand the market of Elekta AB (pub)
  • In December 2017, Xcision Medical Systems, LLC, received FDA 510(k) clearance for its product named as, GammaPod, a noninvasive stereotactic radiotherapy system. This GammaPod, will be helpful in treating cancerous tissue in breast. This will give company a greater accuracy in delivering radiation therapy

Market Drivers

  • Advancement in technology, in manufacturing area, is driving the market in the forecast period
  • Healthcare expenditures towards the surgery procedure is boosting the market growth
  • Increase in the incidence of disease area, such as Parkinson have propel the growth of the market
  • Increasing replacement of levodopa therapy, with stereotactic surgery will also fuel the market for a long run

Market Restraints

  • High installation cost of machinery is hampering the market growth
  • Technological & procedural limitations will also restraint the market in the forecast period
  • Strict government regulation may limit the growth of the market

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By Product Type

  • Gamma Knife
  • Linear Accelerators
  • Proton Beam Therapy
  • Cyber Knife

 By Application

  •  Brain Tumor Treatment
  •  Arteriovenous Malformations Treatment
  •  Parkinson Disease
  •  Epilepsy
  •  Other

End User

  •  Hospitals
  •  Ambulatory Surgery Centers

By Geography

  • North America
  • South America
  • Europe
  • Asia-Pacific
  • Middle East and Africa

Competitive Analysis:

Global stereotactic surgery market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of stereotactic surgery market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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