Global Cyberknife Market Size 2024, Forecast To 2033
6 Mar, 2024
The cyberknife market has demonstrated rapid growth, increasing from $0.55 billion in 2023 to $0.64 billion in 2024 at a compound annual growth rate (CAGR) of 17.7%. This growth during the historical period is attributed to factors such as the rising incidence of cancer, the growing aging population, the demand for precision medicine, patient preferences for non-invasive procedures, and advancements in radiotherapy. Moving into the future, the market is expected to experience rapid growth, reaching $1.16 billion in 2028 at a CAGR of 16.0%. The anticipated growth in the forecast period is linked to factors such as the increasing global burden of cancer, advancements in oncology research, expanded access to healthcare, rising awareness and education, and the integration of multidisciplinary approaches. Major trends in the forecast period include the rise in the integration of proton therapy, a shift towards outpatient and freestanding treatment centers, patient-centric treatment planning, growing clinical evidence and research, and the adoption of telemedicine and remote treatment planning.
Global Cyberknife Market Key Driver
The surge in cancer incidence is poised to propel the cyberknife market's growth in the coming years. Cancer, characterized by rapid and uncontrolled cell proliferation, underscores the need for effective treatment modalities. Cyberknife, approved for treating various cancers, offers a non-invasive, pain-free treatment option using radiation therapy. Ongoing research and development endeavors aimed at enhancing the cyberKnife system and broadening its application spectrum further contribute to market growth. As per ABC News Internet Ventures in January 2022, an estimated 2 million new cancer cases are projected in 2022, a significant rise from the 1 million cases reported in 2021. With approximately 5,250 new cancer cases diagnosed daily in the United States, the total count reaches 1,918,030 Americans receiving a cancer diagnosis. Thus, the escalating cancer incidence propels the growth of the cyberknife market, expected to witness substantial expansion by 2028.
Get A Free Sample Of The Global Cyberknife Market ReportGlobal Cyberknife Market Segments
The cyberknife market covered in this report is segmented –
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
By Geography:The regions covered in the cyberknife market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the cyberknife market in 2023. The regions covered in the cyberknife market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Cyberknife Industry Players
Accuracy Inc., IBA Group, Mitsubishi Electric Corporation, Hitachi America Ltd., Sumitomo Heavy Industries Ltd., Nucletron B.V., General Electric Company, Varian Medical Systems Inc., RaySearch Laboratories AB, Brainlab AG, Nordion Inc., Modus Medical Devices Inc., Toshiba Medical Systems Corporation, ShenZhen Gene MDx Biotech Co. Ltd., ViewRay Inc., Mevion Medical Systems Inc., Isoray Inc., Optivus Proton Therapy Inc., Masep Medical Company, Best Medical International Inc., Huiheng Medical Inc., Cyber Medical Corporation, Siemens AG, Sun Nuclear Corporation, Koninklijke Philips N.V., CyberKnife Center of Miami, ALASKA CyberKnife Center, Elekta AB, RefleXion Medical Inc., ZAP Surgical Systems Inc., AccuBoost, Bionix Radiation Therapy LLC, C-RAD Co., Xcision Medical Systems LLC
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Cyberknife Market Overview
The CyberKnife System is a non-invasive treatment for malignant and non-cancerous tumors and other disorders where radiation therapy is recommended. This allows for smaller treatment margins around the tumor, minimizing the amount of healthy tissue exposed to a high radiation dose.
Cyberknife Global Market Report 2023 provides data on the global cyberknife market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The cyberknife market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.