Stereotactic systems are primarily utilized in minimally invasive surgical procedures to precisely guide a delicate instrument or radiation beam to a specific location inside the body, enabling procedures such as biopsy, injection, ablation, lesion removal, stimulation, radiosurgery (SRS), implantation, and others. In the treatment of Parkinson’s disease, stereotaxic surgery is commonly employed to locate brain lesions and administer radiation therapy. Additionally, during radiation therapy, it is used to concentrate high-intensity radiation on targeted area to reduce tumor size. Stereotactic systems are also useful in facilitating fine-needle aspiration biopsies of brain lesions.
The growth of the stereotactic systems market is anticipated to be propelled by the swift development of minimally invasive surgery techniques. An illustration of this is the positive clinical data for Monteris Medical’s NeuroBlate Laser Ablation after Stereotactic Radiosurgery (LAASR) for patients with brain metastasis, which was published in the Journal of Neurosurgery in November 2018. The NeuroBlate System is robotically controlled, minimally invasive thermotherapy that utilizes MRI-guided laser light to eliminate unwanted brain tissue from the source of the lesion. Monteris Medical is dedicated to progressing both LITT technology and clinical research to fulfill the unmet demands of neurosurgeons and their patients.
Request Sample Report + All Related Graphs & Charts:
Top Key Players:
★ Micromar Ind. e Com. LTDA
★ Monteris Medical
★ inomed Medizintechnik GmbH
★ Elekta AB.
★ adeor Medical AG
★ Alliance HealthCare Services
In addition, a new system called GammaPod by Xcision Medical Systems, LLC was approved by the US Food and Drug Administration in December 2017. GammaPod is designed to provide noninvasive stereotactic radiotherapy for the treatment of cancer in breast tissue.
In March 2018, Sunway Medical Centre (SunMed), a multi-disciplinary Medical Centre in Malaysia, added Leksell Gamma Knife Icon to its arsenal. Manufactured by Elekta AB, this advanced radiation machine is utilized for treating an array of neurological disorders and brain conditions that would otherwise require open brain surgery.
The growth of the stereotactic systems may be impeded by certain risk factors. An example is the termination of a clinical trial sponsored by Case Comprehensive Cancer Center in November 2018 for stereotactic body radiation therapy. The trial had to be stopped due to significant side effects in the treatment of patients with advanced head and neck cancer.
The global stereotactic systems market is classified based on geographic regions such as Africa, Latin America, Asia Pacific, North America, Europe, and the Middle East.
The stereotactic systems market is expected to witness significant growth in North America due to the expansion of various key players in the region. For example, Monteris Medical, a privately held company, started developing innovative laser-based MRI-guided neuroablation tools and solutions in its new facility unit in Plymouth, Minnesota, since March 2016. Additionally, the rising incidence of Parkinson’s disease (PD) has led to an increased demand for stereotactic systems for treating the disease, which is expected to further fuel the growth of the market. As an example, the Parkinson’s Foundation Prevalence Project projected that approximately 60,000 individuals in the United States were diagnosed with PD annually in March 2018. This figure is expected to escalate to 1.2 million in the future. The overall expenses, associated with Parkinson’s disease, which include medical treatment, social security benefits, and lost wages due to an inability to work, are estimated to be close to US$ 25 billion per year in the United States alone.
In addition, the Asia Pacific healthcare sector is anticipated to promote growth in the stereotactic system market by supporting new projects through various initiatives. One such initiative is the launch of MedTech Innovator Asia in October 2018, by Asia Pacific Medical Technology Association (APACMed) in collaboration with MedTech Innovator, an organization located in US. MedTech Innovator Asia aims to accelerate the growth of promising medical device, digital health, and diagnostic startups in the Asia Pacific region.
We Offer Customized Report, Click:
Classification of the Stereotactic Systems Market
Based on the type of equipment
- Proton beam
- Gamma knife
- Line accelerator (LINAC) machines
Based on the type of applications
- Arteriovenous Malformations,
- Brain Tumor
- Parkinson’s disease
- Breast Cancer
Based on the type of end user
- Ambulatory surgical centers
Purchasing the Stereotactic Systems Market:
➣ Outlook for the worldwide Stereotactic Systems market in both developed and emerging markets, both now and in the future.
➣ Both the market segment with the largest projected share and the market segment with the highest CAGR throughout the projection period.
➣ Countries and regions anticipated to experience the fastest development throughout the projected period.
➣ The most recent innovations, market shares, and business tactics used by the key market participants.
➣ Study examines emerging market trends as well as the likelihood that various trends will impact expansion.
➣ Analysis also discusses the factors, challenges, and opportunities that will have a significant impact on the global Stereotactic Systems industry.
➣ Research includes a detailed analysis of market statistics as well as historical and current growth conditions in order to provide futuristic growth estimates.
Purchase This Complete Business Report:
Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Stereotactic Systems Market Size Analysis from 2023 to 2030
11.6 COVID-19 Outbreak: Stereotactic Systems Industry Impact
Chapter 2 Global Stereotactic Systems Competition by Types, Applications, and Top Regions and Countries
2.1 Global Stereotactic Systems (Volume and Value) by Type
2.3 Global Stereotactic Systems (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Stereotactic Systems Sales, Consumption, Export, Import by Regions (2017-2023)
Chapter 5 North America Stereotactic Systems Market Analysis
Chapter 6 East Asia Stereotactic Systems Market Analysis
Chapter 7 Europe Stereotactic Systems Market Analysis
Chapter 8 South Asia Stereotactic Systems Market Analysis
Chapter 9 Southeast Asia Stereotactic Systems Market Analysis
Chapter 10 Middle East Stereotactic Systems Market Analysis
Chapter 11 Africa Stereotactic Systems Market Analysis
Chapter 12 Oceania Stereotactic Systems Market Analysis
Chapter 13 South America Stereotactic Systems Market Analysis
Chapter 14 Company Profiles and Key Figures in Stereotactic Systems Business
Chapter 15 Global Stereotactic Systems Market Forecast (2023-2030)
Chapter 16 Conclusions
Explore More Related Insights:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
Senior Client Partner – Business Development
Coherent Market Insights
Follow Us: LinkedIn | Twitter