Overview and Scope
A veterinary stereotactic radiosurgery system refers to a form of external radiation therapy that positions the patient precisely while administering a single, high dosage of radiation to a tumour.
Sizing and Forecast
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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Segmentation & Regional Insights
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
Top Major Players:
PetCure Oncology
Elekta AB
Accuray Incorporated
Varian Medical Systems Inc
C. R. Bard Inc.
North America was the largest region in the veterinary stereotactic radiosurgery system market in 2023.
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
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Major Driver Impacting Market Growth
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.
Key Industry 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
The veterinary stereotactic radiosurgery system market report table of contents includes:
1. Executive Summary
2. Veterinary Stereotactic Radiosurgery System Market Characteristics
3. Veterinary Stereotactic Radiosurgery System Market Trends And Strategies
4. Veterinary Stereotactic Radiosurgery System Market – Macro Economic Scenario
5. Global Veterinary Stereotactic Radiosurgery System Market Size and Growth
…
31. Global Veterinary Stereotactic Radiosurgery System Market Competitive Benchmarking
32. Global Veterinary Stereotactic Radiosurgery System Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Veterinary Stereotactic Radiosurgery System Market
34.Veterinary Stereotactic Radiosurgery System Market Future Outlook and Potential Analysis
35. Appendix
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