Radiosurgery Systems Market Share, Growth & Forecast [2031]
Radiosurgery Systems Market Share, Growth & Forecast [2031]
Segments - Radiosurgery Systems Market by Type (Gamma Knife, Proton Beam Therapy, and Linear Accelerator), Tumor Type (Brain Tumors and Spine Tumors), End-user (Hospitals, Clinics, and Academic & Research Institutes), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :HC-5294
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Report Description
The global radiosurgery systems market size was USD 2.38 Bn in 2022 and is likely to reach USD 3.99 Bn by 2031, expanding at a CAGR of 6.9 % during 2023–2031. The rising prevalence of cancer and tumor cases is driving the need for radiosurgery systems for better treatment is driving the market
Radiosurgery systems are used in radiosurgery or stereotactic radiosurgery, which is a very accurate form of therapeutic radiology. Treating cancerous tissues in radiosurgery does not include a typical surgery. Targeted beams of radiation are used in place of surgical incisions. Beams of radiation include X-rays, gamma rays, or protons.
Radiosurgery treatment is completed in a single session and it creates similar results as compared to surgery. One example of radiosurgery is tissue destruction performed using ionizing radiation rather than creating excision. It also destroys DNA in tumor cells and prevents its further production.
External radiation therapy is called radiosurgery and it uses special devices to position the patient’s body part to offer a high dose of radiation that can be delivered to the tumor. Radiosurgery treats benign or malignant tumors in conditions including spine & brain tumors and cancer.
According to the National Cancer Institute (NCI) of the US, nearly 50% of cancer patients are treated using radiosurgery. Advanced tumor tracking, robotics, and imaging facilities ease the treatment and surgery for healthcare experts.
The research report finds that the COVID-19 pandemic impacted several industries including the radiosurgery systems market. Surgical centers were modified into COVID-19 hospitals due to the rising number of COVID patients and the lack of treatment facilities. This resulted in the delaying or rescheduling of many radiotherapy treatment cases.
The increasing usage and demand for personal protective equipment (PPE) kits during the pandemic caused a shortage of PPE kits during other surgical processes. These factors affected the market during the pandemic.
Radiosurgery Systems Market Dynamics
Major Drivers
The rising spine and brain tumor cases increase the demand for radiosurgery treatment and systems, thus driving the market during the forecast period. Technological developments for cancer care in the health industry increase the demand for treatment.
- For instance, According to NCI, there is an estimated 24,810 new brain and other nervous system cancer cases in 2023, which is around 1.3% of total new cancer cases.
Rising awareness and curiosity about the devices used to treat arteriovenous malformations, epilepsy, and Parkinson’s disease is further boosting the market. Moreover, rising awareness about minimally invasive radiosurgery and its benefits such as lower mortality, shorter hospital stays, and faster recovery is further fueling the market.
Existing Restraints
The high cost of surgeries, shortage of reimbursement policies, and lack of infrastructural development are expected to hamper the market in the coming years. Stereotactic radiosurgery causes tiredness or fatigue and affects the healthy tissues as well. This is projected to restrain the market.
Emerging Opportunities
Technological advancements in radiosurgery procedures and enhancement in the systems used for stereotactic radiosurgery are anticipated to create lucrative opportunities in the market. Rising cancer cases in developing countries with high population densities require necessary health infrastructure. Additionally, the rising demand for personalized or customized medicines is expected to create new pathways in the market.
Key manufacturers are focusing on installing advanced diagnostics centers for better treatment of patients suffering from cancer and chronic diseases which further creates opportunities for the market in the coming years.
Scope of Radiosurgery Systems Market Report
The report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Radiosurgery Systems Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Type (Gamma Knife, Proton Beam Therapy, and Linear Accelerator), Tumor Type (Brain Tumors and Spine Tumors), and End-user (Hospitals, Clinics, and Academic & Research Institutes) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Elekta; Siemens; Accuray Incorporated; Brainlab AG; Medtronic; RefleXion; ZAP Surgical Systems, Inc.; ViewRay Technologies, Inc.; Mevion Medical Systems; and Summit Cancer Centers |
Radiosurgery Systems Market Segment Insights
Type Segment Analysis
Based on type, the radiosurgery systems market is divided into gamma knife, proton beam therapy, and linear accelerator. The gamma knife segment is expected to expand at a significant growth rate during the projection period, due to the increased adoption of the gamma knife system for treating brain tumors and neurological disorders.
The gamma knife system is a non-invasive radiosurgery system that uses Cobalt-60 systems and radiation beams. These systems and radiations target from around 200 angles converged at a single tumor point. The stereotactic head frame is attached to a patient which gives 3D pictures, further fueling the segment.
The proton beam therapy segment is projected to contribute a considerable market share in the coming years, owing to fewer side effects and the high efficacy of the surgery. The traditional way of cancer treatment is where traditional radiation delivers a beam of photons or digital X-rays to the tumor and beyond. In this case, during the treatment, the radiation damages nearby tissues that are healthy and caused side effects.
On the other hand, proton beam therapy delivers a proton beam that stops at the tumor and does not pass through it , making it a safer cancer treatment than others. This is one of the major factors, doctors are preferring proton beam therapy for cancer treatments as it reduces the risk of side effects and damaging healthy tissues.
Tumor Type Segment Analysis
On the basis of tumor type, the global market is segregated into brain tumors and spine tumors. The brain tumors segment is projected to register a considerable CAGR during the forecast period, due to the rising prevalence of brain cancer and tumors.
Radiosurgery is widely used to treat patients suffering from cancer, especially ones with brain tumors. This therapy is effective for cancer treatment as it uses strong beams of energy to kill cancer cells and helps in controlling the growth of brain tumor cells. Advancements in healthcare technology and increasing awareness regarding the well-being of the brain are further driving the segment.
The spine tumors segment is anticipated to witness significant growth in the market, owing to the increasing prevalence of spinal cancer. Rising awareness regarding spinal cord care and a surge in the number of experts to operate surgeries for spine tumors is further driving the segment.
End-user Segment Analysis
On the basis of end-user, the radiosurgery systems market is segmented into hospitals, clinics, and academic & research institutes. The hospitals segment is expected to register a robust growth rate during the forecast period due to the availability of all the advanced medical devices necessary for cancer treatment. The rising number of chronic diseases and growing need for multispecialty hospitals for early diagnosis of cancer and better treatment is expected to boost the segment.
The academic & research institutes segment is expected to grow at a significant growth rate in the coming years due to increasing government activities for research & development and to provide advanced medical devices in research institutes for better results.
Regional Outlook
In terms of region, the global market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period, due to the increasing number of research facilities and rising prevalence of cancer cases in the region. Technological advancements in the healthcare industry and the presence of major players who manufacture radiosurgery systems in the region are further boosting the regional market.
- For instance, According to The National Cancer Institute (NCI), in 2022, there were a total of 19,18,030 cancer cases in the U.S. The total death caused due to cancer was 609,360 individuals.
Asia Pacific is projected to contribute significantly to the market growth in the coming years, attributed to the rising government expenditure on developing the healthcare sector in emerging economies. The rising geriatric population with chronic diseases and the increasing prevalence of chronic cancer cases in the region are further fueling the market in the region.
Segments
The radiosurgery systems market has been segmented on the basis of
Type
- Gamma Knife
- Proton Beam Therapy
- Linear Accelerator
Tumor Type
- Brain Tumors
- Spine Tumors
End-user
- Hospitals
- Clinics
- Academic & Research Institutes
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Elekta
- Siemens
- Accuray Incorporated
- Brainlab AG
- Medtronic
- RefleXion
- ZAP Surgical Systems, Inc.
- ViewRay Technologies, Inc.
- Mevion Medical Systems
- Summit Cancer Centers
Competitive Landscape
Key players operating in the global radiosurgery systems market include Elekta; Siemens; Accuray Incorporated; Brainlab AG; Medtronic; RefleXion; ZAP Surgical Systems, Inc.; ViewRay Technologies, Inc.; Mevion Medical Systems; and Summit Cancer Centers
These companies adopt strategies such as acquisitions, partnerships, collaboration, R&D investments, mergers, and product launches to boost their market share.
- On January 26, 2023, Accuracy Incorporated announced that the European Radiosurgery Center Munich is investing in the second Accuracy Cyberknife system, the latest generation CyberKnife S7™ System to support the demand for high-precision radiosurgery treatments.
- In May 2022, Elekta launched the radiosurgery system Elelta Espirit. It is one of the advanced gamma knife radiosurgery systems.
- In October 2020, Accuray Incorporated, one of the leading companies for robotic stereotactic radiosurgery (SRS) collaborated with Brainlab AG to enhance and expand Accuray CyberKnife treatment platform for the neurology radiosurgery market.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Radiosurgery Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Radiosurgery Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Radiosurgery Systems Market - Supply Chain
4.5. Global Radiosurgery Systems Market Forecast
4.5.1. Radiosurgery Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Radiosurgery Systems Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Radiosurgery Systems Market Absolute $ Opportunity
5. Global Radiosurgery Systems Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Radiosurgery Systems Market Size and Volume Forecast by Types
5.3.1. Gamma Knife
5.3.2. Proton Beam Therapy
5.3.3. Linear Accelerator
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Radiosurgery Systems Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Radiosurgery Systems Market Size and Volume Forecast by End Users
6.3.1. Hospitals
6.3.2. Clinics
6.3.3. Academic & Research Institutes
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Radiosurgery Systems Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Radiosurgery Systems Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Radiosurgery Systems Demand Share Forecast, 2019-2026
8. North America Radiosurgery Systems Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Radiosurgery Systems Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Radiosurgery Systems Market Size and Volume Forecast by Types
8.4.1. Gamma Knife
8.4.2. Proton Beam Therapy
8.4.3. Linear Accelerator
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Radiosurgery Systems Market Size and Volume Forecast by End Users
8.7.1. Hospitals
8.7.2. Clinics
8.7.3. Academic & Research Institutes
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Radiosurgery Systems Demand Share Forecast, 2019-2026
9. Latin America Radiosurgery Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Radiosurgery Systems Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Radiosurgery Systems Market Size and Volume Forecast by Types
9.4.1. Gamma Knife
9.4.2. Proton Beam Therapy
9.4.3. Linear Accelerator
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Radiosurgery Systems Market Size and Volume Forecast by End Users
9.7.1. Hospitals
9.7.2. Clinics
9.7.3. Academic & Research Institutes
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Radiosurgery Systems Demand Share Forecast, 2019-2026
10. Europe Radiosurgery Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Radiosurgery Systems Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Radiosurgery Systems Market Size and Volume Forecast by Types
10.4.1. Gamma Knife
10.4.2. Proton Beam Therapy
10.4.3. Linear Accelerator
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Radiosurgery Systems Market Size and Volume Forecast by End Users
10.7.1. Hospitals
10.7.2. Clinics
10.7.3. Academic & Research Institutes
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Radiosurgery Systems Demand Share Forecast, 2019-2026
11. Asia Pacific Radiosurgery Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Radiosurgery Systems Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Radiosurgery Systems Market Size and Volume Forecast by Types
11.4.1. Gamma Knife
11.4.2. Proton Beam Therapy
11.4.3. Linear Accelerator
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Radiosurgery Systems Market Size and Volume Forecast by End Users
11.7.1. Hospitals
11.7.2. Clinics
11.7.3. Academic & Research Institutes
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Radiosurgery Systems Demand Share Forecast, 2019-2026
12. Middle East & Africa Radiosurgery Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Radiosurgery Systems Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Radiosurgery Systems Market Size and Volume Forecast by Types
12.4.1. Gamma Knife
12.4.2. Proton Beam Therapy
12.4.3. Linear Accelerator
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Radiosurgery Systems Market Size and Volume Forecast by End Users
12.7.1. Hospitals
12.7.2. Clinics
12.7.3. Academic & Research Institutes
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Radiosurgery Systems Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Radiosurgery Systems Market: Market Share Analysis
13.2. Radiosurgery Systems Distributors and Customers
13.3. Radiosurgery Systems Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Elekta
13.4.2. Siemens
13.4.3. Accuray Incorporated
13.4.4. Brainlab AG
13.4.5. Medtronic
13.4.6. RefleXion
13.4.7. ZAP Surgical Systems, Inc.
13.4.8. ViewRay Technologies, Inc.
13.4.9. Mevion Medical Systems
13.4.10. Summit Cancer Centers
Methodology
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