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Veterinary Stereotactic Radiosurgery System Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

A11239
Pages: NA
Jul 2021 | 117 Views
 
Author(s) : Onkar Sumant
Tables: NA
Charts: NA
 

COVID-19

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Veterinary Stereotactic radiosurgery (SRS) utilizes many precisely focused radiation beams to treat tumors and other problems in the neck, lungs, brain, liver, spine, and also other parts of the body. There's no incision carried out during the process. Instead, stereotactic radiosurgery uses 3D imaging in order to target high doses of radiation to the affected area with the least impact on the surrounding healthy tissue. It works by causing damage to the DNA of the given targeted cells. The affected cells then may lose the ability to reproduce, which leads tumors to shrink. This surgery of the brain and spine is typically completed in a single session. Body radiosurgery is used to treat liver, lung, adrenal, and other soft tissue tumors, and treatment typically involves multiple (three to five) sessions.

Market scope and structure analysis :

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Modality, End User and Region

  Geographies covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa

  Companies covered

Major players analyzed include PetCure Oncology, Accuray Incorporated, Elekta AB, and Varian Medical System.

 

COVID-19 scenario analysis:

The coronavirus disease had a huge impact on businesses and has already caused downturn in the economy. The COVID-19 impact has negatively impacted the healthcare systems globally. The COVID-19 pandemic cases are because of direct or indirect contact between humans. The non-availability of evidence or confirmation that animals can spread COVID-19 to humans has answered the myth. The myth animals can spread the virus to humans has amplified the number of abandoned pets. Furthermore, COVID-19 has deteriorated the supply chain and has created shortage of animal health products such as nutritional feed as well as vaccines globally. The stringent regulations of the government would boost the industry in the forecast period.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The major factor affecting the market includes increase in the pet health awareness with the rise in pet ownership, would help the industry in the forecast period. The rise in innovation of technology in the system and the surge in the adoption of stereotactic radiosurgery to reduce the growth in cancer would help the industry propel in the coming years. Furthermore, the increase in investments in the animal healthcare may propel the growth in the coming years. However, the higher cost of the surgery may hinder the growth in the commenced period.

New product advancements to flourish the market

In March 2020, ZAP Surgical Systems, Inc. announced a program offering web-based educational talks focused on stereotactic radiosurgery (SRS) and its related applications. With numerous recently postponed scientific meetings resulting from the COVID-19 crisis (e.g. The Radiosurgery Society, AANS, etc.), combined with the need for "social distancing", all of the program's content will be delivered via webinar and at no cost.

In March 2017, Veterinary CyberKnife Cancer Center, a privately owned advanced radiation treatment center for veterinary use, announced the addition of a Varian Linear Accelerator to complement the CyberKnife stereotactic radiosurgical system.

Surge in mergers and acquisitions to boost the market

In February 2019, a facility addition to the Hixson-Lied Small Animal Hospital equipped to provide radiation therapy for pets with cancer opened at the College of Veterinary Medicine. Construction wrapped up in late August, followed by staff training and a commissioning process for the linear accelerator, a 6-year-old model initially used in a human hospital and subsequently reconditioned for Iowa State.

Key segments covered:

Segments

Sub-segments

  Modality

  • Gamma Knife
  • Cyber Knife
  • Linear Accelerator (LINAC)
  • Particle Beam Radiation Therapy (PBRT)

  End User

  • Hospitals
  • CROs
  • Others


Key benefits of the report:

  • This study presents the analytical depiction of the global Veterinary Stereotactic Radiosurgery System industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Veterinary Stereotactic Radiosurgery System market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Veterinary Stereotactic Radiosurgery System market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global Veterinary Stereotactic Radiosurgery System market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Veterinary Stereotactic Radiosurgery System Market research report:

  • Who are the leading market players active in the Veterinary Stereotactic Radiosurgery System market?
  • What are the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in tasking further strategic steps?
 
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