What is the Historic and Forecasted Market Size of the Global Cyberknife Market?
The cyberknife market has been expanding at a notable pace in recent years. It is expected to grow from $0.63 billion in 2024 to $0.73 billion in 2025, signifying a compound annual growth rate (CAGR) of 16.6%. This growth can be credited to the rising incidence of cancer, an increasing aging population, the demand for precision medicine, and steady advancements in radiotherapy. What’s more, the cyberknife market is forecasted to continue its upward trajectory, potentially reaching a market size of $1.35 billion in 2029 at a CAGR of 16.6%.
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What are the Key Growth Drivers of the Cyberknife Market?
The rising prevalence of cancer is a significant factor propelling the growth of the cyberknife market. Cyberknife, which has been approved for treating various cancers, provides patients with a non-invasive, non-surgical, and pain-free treatment option. With ongoing research and development to refine the cyberknife system and widen its applications, significant market growth can be anticipated. In 2022, it is estimated that there will be around 2 million newly diagnosed cancer cases, an increase from the 1 million new cases reported in 2021.
What are the Major Segments of the Cyberknife Market?
1) By Type: Linear Accelerator-Based, Standalone Cyberknife
2) By Application: Tumor, Cancer, Vascular malformation, Other Applications
3) By End-User: Hospitals, Clinics, Ambulatory Surgical Center, Radiotherapy Centers, Other End Users
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Who are the Major Players in the Cyberknife Market?
Key players in the market include Accuray Incorporated, Elekta AB, Medtronic plc, Varian Medical Systems Inc., Brainlab AG, Ion Beam Applications S.A., Mevion Medical Systems Inc., Zap Surgical Systems Inc., Xcision Medical Systems LLC, ViewRay Inc., Hitachi Ltd., and Mitsubishi Electric Corporation among others. These major companies contribute significantly to the global cyberknife market.
What are the Emerging Trends in the Cyberknife Market?
Industry players in the cyberknife market are investing in innovative solutions like medical training programs to boost treatment precision, enhance patient outcomes, and widen the range of treatable conditions while minimizing the side effects associated with traditional radiation therapies.
What are the Largest and Fastest-growing Regions in the Cyberknife Market?
North America emerged as the largest region in the cyberknife market in 2024, followed by regions such as Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Does The Cyberknife Market Report 2025 Offer?
The CyberKnife System is a non-invasive solution for treating malignant and non-cancerous tumors and other conditions where radiation therapy is recommended. This innovative treatment allows for smaller margins around the tumor, thus reducing the exposure of healthy tissue to high radiation doses. The Cyberknife Market research report from The Business Research Company offers insight into global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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