Radiosurgery Systems Market Set to Achieve a Valuation of US$ 3.98 billion, Riding on a 6.7% CAGR by 2031

PORTLAND, IN, UNITED STATES, January 7, 2025 /EINPresswire.com/ -- Alarming rise in the prevalence of cancer, technological advancement in the healthcare sector and rise in the expenditure by government to develop healthcare infrastructure leads to the growth of the radiosurgery systems market.

The global radiosurgery systems market size was valued at $2.10 billion in 2021, and is projected to reach $3.98 billion by 2031, growing at a CAGR of 6.7% from 2022 to 2031. The report offers an explicit analysis of the changing market trends, top segments, key investment pockets, value chain, competitive scenario, and regional landscape. The market study is exclusively meant to help the readers with a complete valuation of industry analysis and trends.

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Rise in number of chronic diseases such as cancer causes increase in applications of radiosurgery systems in treatment. For instance, according to National Cancer Institute, in 2020, estimated number of new cancer cases in U.S. are 1,806,590 and estimated number of deaths are 606,520. Moreover, according to world cancer research and international, in 2020 approximately 2,261,419 new breast cancer and 2,206,771 lung cancer cases diagnosed across the globe. As per the same source breast and lung cancers were the most common cancers worldwide, contributing 12.5% and 12.2% of the total number of new cases diagnosed in 2020.

Increase in the number of chronic diseases such as cancer, technological advancements in the healthcare sector, and rise in product launches as well as product approvals for radiosurgery systems drive the growth of the global radiosurgery systems market. Moreover, surge in adoption of key strategies such as collaboration, agreement, acquisition, and business expansion by the radiosurgery industry has been beneficial for the market.

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Radiosurgery Systems Market Report Highlights:

By Type:

Linear accelerator systems
Proton beam therapy
Gamma Knife system

By Condition:

Brain Tumors
Spine Tumors

By End User:

Hospitals
Academic and Research institute

By Region:

North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
LAMEA (Brazil, South Africa, Saudi Arabia, Rest of LAMEA)

North America garnered the major share in 2021-

Based on region, North America held the major share in 2021, generating more than two-thirds of the global radiosurgery systems market. Increase in the number of research activities, technological advancements in the healthcare sector, rise in the prevalence of chronic diseases, and presence of key players drive the market growth. The Asia-Pacific region, on the other hand, would garner the fastest CAGR of 7.5% by 2031. Surge in expenditure by government organizations to develop the healthcare sector, surge in prevalence of chronic diseases, and rise in the geriatric population fuel the market growth.

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Key players in the industry-

Elekta AB (Innovator)
Avocure
Brain LAB
Integra Life Sciences Holding Corp
Ion Beam Applications SA
Accuray Incorporated
ZAP surgical System Inc.
Medtronic
Mevion Medical Systems, Inc.
Nordion Inc.
Reflexion Medical
Siemens (Varian Medical Systems)
Atrium Health
Summit Cancer Centers
ViewRay
Xcision Medical Systems
Vision RT

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Allied Market Research
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