Veterinary Stereotactic Radiosurgery Market Scope
Veterinary stereotactic radiosurgery is a very precise form of therapeutic radiation that can be used to treat abnormalities in the brain and spine, including cancer, epilepsy, trigeminal neuralgia and arteriovenous malformations in animals. The market is expected to grow in the future due to the rising number of owned pets across the globe by the owners coupled with the concern related to their pets have increased the business for veterinaries. For example, According to the American Pet Products Association’s, it is seen that the National Pet Owners Survey, 68% of households in the United States own a pet.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | PetCure Oncology (United States), Accuray Incorporated (United States), Elekta AB (Swden), Varian Medical System (United States), Mevion Medical Systems, Inc (United States), ViewRay, Inc (United States), Isoray, Inc (United States) and Hitachi, Ltd (Japan) |
CAGR | % |
The vendors in this market are majorly focusing on providing enhanced products & solutions in order to cater to the market's demands to remain competitive in the market. The recent industry crisis due to the outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries had been shut down for the majority of the time in FY 2020. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Veterinary Stereotactic Radiosurgery market throughout the predicted period.
PetCure Oncology (United States), Accuray Incorporated (United States), Elekta AB (Swden), Varian Medical System (United States), Mevion Medical Systems, Inc (United States), ViewRay, Inc (United States), Isoray, Inc (United States) and Hitachi, Ltd (Japan) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Veterinary Stereotactic Radiosurgery market by Type , by Application (Veterinary Hospitals, Veterinary Clinics, Veterinary Laboratory Testing Services and Others) and Region with country level break-up.
On the basis of geography, the market of Veterinary Stereotactic Radiosurgery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2021. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
In March 2020, ZAP Surgical Systems, Inc. announced a program offering web-based educational talks focused on stereotactic radiosurgery (SRS) and its related applications.
Veterinary Stereotactic Radiosurgery Market Dynamics:
Attributes | Details |
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Trends Influencing Market | - Awareness for Special Pet Care Among Animal Owners
- Rising stereotactic radiosurgery treatment for companion animals
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Key Restraints | - Increasing Pet Care Costs
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Challenges | - Lack of Awareness Among Emerging Regions
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Market Opportunities | - Opportunities Across Asia Pacific Region
- Rising pet companionship along with the surge in the willingness to spend on their pets, and government initiatives for SRT treatment
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Key Target Audience
Veterinary Radiology Software Developers, Healthcare Industry, Potential Investors, End-User and Others