Stereotactic Surgery Devices Market on Track for Strong Growth, Estimated to Grow at 6.3% CAGR Through 2029

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What Is the Expected CAGR for the Stereotactic Surgery Devices Market Through 2025?
There has been a continuous growth in the size of the stereotactic surgery devices market in recent years. The market is expected to expand from $21.8 billion in 2024 to $22.63 billion in 2025, with a compound annual growth rate (CAGR) of 3.8%. The historic growth trend of the market is a result of the shift towards less invasive procedures, the integration of robotics and automation, a heightened demand for precision and accuracy, and enhanced safety profiles.

What's the Projected Size of the Global Stereotactic Surgery Devices Market by 2029?
The market for stereotactic surgery devices is predicted to experience considerable expansion in the years to come. With an anticipated growth to "$28.89 billion by 2029, the compound annual growth rate (CAGR) is expected to be around 6.3%. This growth may be due to factors such as an increase in cancer cases, the integration of AI and machine learning, branching into new medical specialties, an aging population, and the emphasis on tailored treatments. The emerging trends during the forecast period include the improvement of precision and accuracy, the shrinking of device size, the integration of robotics and automation, individualized treatment practices, and the widening of procedures and applications.

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Top Growth Drivers in the Stereotactic Surgery Devices Industry: What's Accelerating the Market?
The stereotactic surgical device market is predicted to grow due to the rising instance of both Parkinson's disease and epilepsy. Parkinson's disease is a neurodegenerative condition characterized by uncontrollable shaking, slow movements, and stiff, rigid muscles. On the other hand, epilepsy, a neurological disorder affecting the brain, leaves individuals prone to frequent, untriggered seizures. Stereotactic surgical devices are employed to treat movement disorders, pain, psychiatry, epilepsy, and, specifically, Parkinson's disease. For example, the Parkinson's Foundation, a nonprofit national organization based in New York, reported that more than 90,000 Parkinson's disease diagnoses will be made in the United States in 2022, a 50% increase from the previously projected annual rate of 60,000 diagnoses. Nearly one million people in the United States live with Parkinson's disease (PD), a number projected to grow to 1.2 million by 2030. Therefore, the upward trend in Parkinson's disease and epilepsy is propelling the growth of the stereotactic surgical device market.

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What Trends Will Shape the Stereotactic Surgery Devices Market Through 2029 and Beyond?
The role of technological advancement is becoming critical in shaping the stereotactic surgical device market, with leading corporations developing new technologies to consolidate their market position. For example, Brainlab, a medical technology firm based in Germany, introduced a product named ExacTrac Dynamic Surface in May 2023. This product is a surface guided radiation therapy (SGRT) patient tracking and positioning system that combines high-speed thermal surface tracking technology with an ExacTrac X-ray monitoring update. The upgrade enhances the versatility and precision in patient positioning as well as monitoring for different forms of treatment, including cranial and spine stereotactic radiosurgery (SRS) and stereotactic body radiation therapy (SBRT). The system projects a structured blue light pattern onto the patient's surface which is captured by two 3D cameras. Additionally, each surface point gets a thermal signature, noted by a separate camera within the unit.

What Are the Main Segments in the Stereotactic Surgery Devices Market?
The stereotactic surgery devices market covered in this report is segmented -

1) By Product: Gamma Knife, Line Accelerator (LINAC) Machines, Proton Beam, CyberKnife
2) By Application: Brain Tumor Treatment, Arteriovenous Malformations Treatment, Parkinsons Disease, Epilepsy, Other Applications
3) By End User: Hospitals, Laboratories

Subsegments:
1) By Gamma Knife: Leksell Gamma Knife Perfexion, Leksell Gamma Knife Icon
2) By Line Accelerator (LINAC) Machines: Conventional LINAC, Image-Guided Radiation Therapy (IGRT) LINAC
3) By Proton Beam: Fixed Beam Proton Therapy Systems, Scanned Beam Proton Therapy Systems
4) By CyberKnife: CyberKnife M6 System, CyberKnife VSI System

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Which Top Companies are Driving Growth in the Stereotactic Surgery Devices Market?
Major companies operating in the stereotactic surgery devices market include Alliance Oncology, Micromar Industria Commercio Ltda., Adeor Medical AG, Monteris Medical Holding AG, Inomed Medizintechnik GmbH, Ion Beam Applications S.A. (IBA), Elekta AB (publ), Varian Medical Systems Inc., Accuracy Incorporated, Modus Medical Devices Inc., Koninklijke Philips N.V., Huiheng Group Co. Ltd., Mitsubishi Heavy Industries Ltd., GE Healthcare, Siemens AG, Medtronic plc, Brainlab AG, Renishaw plc, Neuropace Inc., Microvention Inc., MR Solutions Ltd., RaySearch Laboratories AB, Alpha Omega Engineering Inc., FHC Inc., Nexstim Plc, Scopis GmbH, IZI Medical Products LLC, Integra LifeSciences Holdings Corporation, Computerized Imaging Reference Systems Inc., MRI Interventions Inc., ZAP Surgical Systems Inc., Schaerer Medical USA Inc.

Which Regions Will Dominate the Stereotactic Surgery Devices Market Through 2029?
North America was the largest region in the stereotactic surgery devices market in 2024. The regions covered in the stereotactic surgery devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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