Global Stereotactic Surgery Devices Market

Report ID : 1103 | Published : 2021-07-26 | Pages: 190 | Format: PDF/EXCEL

Rising innovations and advancement in modern surgical procedures has led to the rise in demand for various non – invasive surgical devices such as Stereotactic Surgery Devices. Stereotactic surgery, also known as Stereotaxy, is a minimally invasive surgical technique that leverages three dimensional co-ordinates system to detect small targets inside the body and accordingly performs actions on it such as biopsy, lesion, ablation, stimulation, radiosurgery, injection, and implantation. Precision and high accuracy is the key characteristics of Stereotactic Surgery Devices. The engineering principles of arc centred stereotactic frames maximizes the accuracy of surgical procedures and ensures high precision.
Stereotactic surgery devices are composed of stereotactic frames, radiofrequency generator, and image-based planning software. With respect to degree of utility, the stereotactic frames in the stereotactic surgery devices are further classified into Simple orthogonal system, Burr hole mounted system, Arc quadrant system and Arc phantom system. With a help of 3D coordinate system, the stereotactic surgery device helps the surgeons in spotting the particular location to execute the surgical procedure. Continuous improvement in the surgical technologies has recorded with significant market acceptance. Thus existing demand and future growth in the market for non – invasive surgical procedures has resulted in increase in research and development activities in market for Stereotactic Surgery Devices. Rising acceptance and increasing demand for Stereotactic Surgery Devices leading to propel its market with significant CAGR during the forecast year of 2019 to 2030.

On the basis of equipment type, the global stereotactic surgery devices market can be further segmented into the gamma knife, line accelerator (LINAC) machines, CyberKnife and proton beam (particle beam). Line accelerator (LINAC) machines comprises the major segment for stereotactic surgery devices market, and it is anticipated to grow steadily over the forecasted period 2019 – 2030. Based on Application Type, the stereotactic surgery devices market can be further segmented into arteriovenous malformations treatment, brain tumor treatment, Parkinson’s disease, Epilepsy, and other neurological disorders including trigeminal neuralgia.
Geographically, the market for stereotactic surgery devices can be grouped into regions such as North America, Latin America, Asia Pacific, Europe, the Middle East, and Africa. With significantly strong clinical and healthcare facilities, high market acceptance and increasing adoption rate of new technologies has led the markets such as U.S., Canada, and most of the European to major market share. Moreover, developing markets in Asia Pacific has also recorded significant growth in the market.
The key players operating in the global stereotactic surgery devices market includes Siemens AG, Elekta AB, Varian Medical Systems, IBA worldwide, Accuray Incorporated, Alliance Oncology, Micromar, Adeor Medical AG, Monteris Medical, and Inomed. Development and deployment of new innovative products with an enhanced clinical outcomes is the key strategy adopted by market players to sustain in a heavy industry competition. Market for stereotactic surgery devices is evolving dynamically due to increased research and development activities and consequently diverse product offerings to the customer. The market for stereotactic surgery devices also experience various organic and inorganic development activities resulting in a rise in improved product offerings.

  • Siemens AG
  • Elekta AB
  • Varian Medical Systems
  • IBA worldwide
  • Accuray Incorporated
  • Alliance Oncology
  • Micromar
  • Adeor Medical AG
  • Monteris Medical
  • Inomed
  • Other Prominent Player

Global Stereotactic Surgery Devices Market Segmentation

Global Stereotactic Surgery Devices Market Outlook (Value (US$ Mn) & Volume (no. of units), 2019 – 2030) By Type of Equipment

  • Gamma Knife
  • Line Accelerator (LINAC) Machines
  • Cyber Knife
  • Proton Beam (particle beam)

Global Stereotactic Surgery Devices Market Outlook (Value (US$ Mn) & Volume (no. of units), 2019 – 2030) By Application

  • Arteriovenous Malformations Treatment
  • Brain Tumor Treatment
  • Parkinson’s disease
  • Epilepsy
  • Other Neurological Disorders

Global Stereotactic Surgery Devices Market Outlook (Value (US$ Mn) & Volume (no. of units), 2019 – 2030) By Region

  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • North America
    • U.S.
    • Canada
    • Asia Pacific
    • India
    • China
    • Japan
    • South Korea
    • Australia & New Zealand
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa


InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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