The global stereotactic surgery devices market is anticipated to grow at a CAGR of 5.3% during the forecast period. Stereotactic surgery devices are primarily used in minimally invasive surgery to perform actions such as a lesion, ablation, implantation, biopsy, injection, stimulation, and radiosurgery. Stereotactic surgery devices are composed of components such as radiofrequency generator, stereotactic frames, and image-based planning software that are designed for these types of surgeries. With the help of a 3D coordinate system, stereotactic surgery helps the surgeons in determining the exact location to perform the procedure. These devices are utilized in various applications such as arteriovenous malformations treatment, epilepsy, brain tumor treatment, and Parkinson’s disease.
Top Driver: Benefits Offered by the Device and Rising Prevalence of Diseases
The growing preference of surgeons worldwide for minimally invasive surgery is the major driver of the market. It provides several advantages to the patients, such as mortality, quick recovery, and morbidity. In addition, the rising prevalence of arteriovenous malformations, Parkinson’s disease, and epilepsy are boosting the adoption of stereotactic surgery for neurosurgeries, thereby driving the global market during the forecast period. The rising geriatric population, diseases such as diabetes and obesity caused by changing lifestyles, and growing awareness among the patients are other factors fostering the growth of the global stereotactic surgeries devices.
LINAC to Make Crucial Contribution to Growth of Global Stereotactic Surgery Devices Market
The global stereotactic surgery devices market can be segmented on the basis of type. The type segment includes Gamma Knife, LINAC, PBRT, CyberKnife. The LINAC segment is expected to be the largest segment in the market since its features such as higher efficacy in treating affected areas while maintaining lower risk of damage has increased its demand in the market. Also, the rising campaigns and growing awareness about technological advancements has surged the segment towards growth. the CyberKnife segment is expected to be the fastest growing segment in the market.

Rising Prevalence of the Cancer Patients to Benefit North America Market
North America is anticipated to gain largest revenue shares in the forecast period. The growth of the region is due to the increase in the prevalence of cancer would propel the market growth. The surge in government initiatives for creating awareness about availability of advanced treatment modalities is anticipated to help the industry boost in the near future. The presence of well-developed healthcare infrastructure would boost the industry in the coming years. The rise in the spending capacity and domicile of the key market players can be attributed to the dominance of the country within the region.

Players to Focus on Stereotactic Surgery Devices Market
The global market is expected to stay fragmented with the increase in the number of new entrants in the coming years. Elekta AB, Accuray Inc., Varian Medical Systems, Inc., Ion Beam Applications S.A., and Mevion Medical Systems among others could be at the forefront of the competition in the global market.
Accuray Incorporated: In June 2020, Accuray Incorporated announced the company had launched the CyberKnife S7 System, an innovative device combining speed, advanced precision, and real-time artificial intelligence (AI)-driven motion tracking and synchronization treatment delivery for all stereotactic radiosurgery (SRS) and stereotactic body radiation therapy (SBRT) treatments in as little as 15 minutes. The CyberKnife S7 System is the next-generation CyberKnife platform, a robotic, non-invasive radiation therapy device capable of treating cancerous and benign tumors throughout the body, as well as neurologic disorders.
Elekta: In September 2017, Elekta had signed a memorandum of understanding (MoU) with Belgium-based firm Ion Beam Applications (IBA) to develop new software.
Scope of the Report
By Type
” Gamma Knife
” LINAC
” PBRT
” CyberKnife
By Region
” North America
” Europe
” Asia Pacific
” SAMEA

Key Reasons to Purchase this Report
1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.