Radiosurgery Systems Market Size by Segments, Share, Regulatory, Reimbursement, Installed Base and Forecast to 2033
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Radiosurgery Systems Market Report Overview
The radiosurgery systems market size was $636.4 million in 2023. The market is expected to grow at a CAGR of less than 1% during 2023-2033. Radiosurgery systems utilize beams to deliver a focused dose of radiation to a targeted tumor.
Radiosurgery Systems Market Outlook, 2023-2033 ($ Million)
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The Radiosurgery Systems market research report has been created to understand market behavior, which will help identify quantitative market trends in the Neurology Devices therapeutic area. It discusses in detail the impact of COVID-19 on the radiosurgery systems market for the year 2020 and beyond. The report has extensively covered pipeline products and technologies, which will help in identifying companies with the most robust pipeline. This, in turn, will assist in predictive analysis for designing your in-licensing and out-licensing strategies.
Market Size (2023) | $636.4 Million |
CAGR (2023-2033) | <1% |
Forecast Period | 2024-2033 |
Historical Period | 2015-2023 |
Key Segments | · GammaKnife Radiosurgery Systems
· Linear Accelerator Radiosurgery Systems |
Key Regions | · North America
· Europe · Asia Pacific · South Central America · Middle East and Africa |
Leading Companies | · Accuray Inc
· Elekta AB · Varian Medical Systems Inc |
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Radiosurgery Systems Market Dynamics
The rising incidence of cancer is expected to drive up the usage of radiosurgery systems, particularly in cases where these tumors are either inaccessible or treated unsuccessfully by conventional surgery. Radiosurgery techniques can also be used to replace open tumor procedures or sometimes as an additive therapy to allow for less invasive treatment options.
Radiosurgery systems are often installed in hospitals and large healthcare institutes, which have the infrastructure to support the use of this equipment. This limits the number of hospitals that can have access to these systems and hence limits access to patients who stay far from such hospitals. Additionally, the availability of highly trained personnel who can operate radiosurgery systems as well as the high acquisition price associated with such systems also impact the market.
Radiosurgery Systems Market Segments
The key segments in the radiosurgery systems market are Linear Accelerator Radiosurgery Systems (LINAC) and GammaKnife Radiosurgery Systems. Linear Accelerator Radiosurgery Systems led the radiosurgery systems market in 2023. LINAC is a non-invasive radiosurgery system that works with a collimated X-ray beam focused on an intracranial target. The source beam is positioned with the help of a motor-driven gantry or robot.
Radiosurgery Systems Market Analysis by Segments, 2023 (%)
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Radiosurgery Systems Market Segmentation by Regions
The key regions in the radiosurgery systems market are North America, Europe, Asia Pacific, South Central America, and the Middle East and Africa. In 2023, Asia Pacific dominated the overall radiosurgery systems market. Countries in this region offer opportunities for growth in the forecast period. Hospitals in developing countries are investing in these systems to make treatments easily available for larger patient populations. This is because developing countries with a huge population have a high burden of diseases that can be effectively treated with radiosurgery systems.
Radiosurgery Systems Market Analysis by Regions, 2023 (%)
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Radiosurgery Systems Market - Competitive Landscape
A few of the leading companies in the radiosurgery systems market are:
- Accuray Inc
- Elekta AB
- Varian Medical Systems Inc
Elekta AB dominated the market in 2023.
Radiosurgery Systems Market Analysis by Companies, 2023 (%)
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Segments Covered in the Report
Radiosurgery Systems Segments Outlook (Value, $ Million, 2015-2033)
- GammaKnife Radiosurgery Systems
- Linear Accelerator Radiosurgery Systems
Radiosurgery Systems Regional Outlook (Value, $ Million, 2015-2033)
- North America
- Europe
- Asia Pacific
- South Central America
- Middle East & Africa
Key Inclusions
Currently marketed Radiosurgery Systems and evolving competitive landscape:
- Insightful review of the key industry trends.
- Annualized total Radiosurgery Systems market revenue by segment and market outlooks from 2015-2033.
- Market-level data on units, average selling prices, and market values.
Global, Regional, and Country level market specific insights:
- Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- SWOT analysis for the Radiosurgery Systems market.
- Competitive dynamics insights and trends provided for the Radiosurgery Systems market.
Drive the understanding of the market by getting the veritable big picture including an overview of the healthcare system. In addition, the Market Access segment allows you to delve deeper into market dynamics with information on reimbursement policies and the regulatory landscape.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, real-world data sources are leveraged to determine market trends; these include government procedure databases, hospital purchasing databases, and proprietary online databases.
Companies covered: Accuray Inc., Elekta AB, Varian Medical Systems Inc., and others.
Countries covered: United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina, and Chile.
Scope
This report provides:
- Insightful review of the key industry trends.
- Annualized total Radiosurgery Systems market revenue by segment and market outlooks.
- Market-level data on units, average selling prices, and market values.
- Global, regional, and country-level market-specific insights including qualitative market-specific information with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- SWOT analysis for the Radiosurgery Systems market.
- Competitive dynamics insights and trends provided for the Radiosurgery Systems market.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Reasons to Buy
The model will enable you to:
- Understand the impact of COVID-19 on the Radiosurgery Systems market.
- Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving the Radiosurgery Systems market.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Radiosurgery Systems market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company’s share of market leaders.
- Identify emerging players with potentially strong product portfolios and create effective counterstrategies to gain a competitive advantage.
- Track device sales in the global and country-specific Radiosurgery Systems market from 2015-2033.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.
Frequently asked questions
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What was the radiosurgery systems market size in 2023?
The radiosurgery systems market size was $636.4 million in 2023.
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What will the radiosurgery systems market growth rate be during the forecast period?
The radiosurgery systems market is expected to grow at a CAGR of less than 1% during 2023-2033.
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Which region dominated the radiosurgery systems market in 2023?
Asia Pacific dominated the overall radiosurgery systems market in 2023.
-
Which segment led the radiosurgery systems market in 2023?
Linear Accelerator Radiosurgery Systems led the radiosurgery systems market in 2023.
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Which are the leading companies in the radiosurgery systems market?
A few of the leading companies in the radiosurgery systems market are Accuray Inc., Elekta AB, and Varian Medical Systems Inc., among others.
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