Veterinary Stereotactic Radiosurgery Systems Market
By Modality;
Gamma Knife, LINAC, PBRT, and Cyber Knife.By End Use;
Hospitals & Clinics and Academic & Research InstitutionsBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Introduction
Global Veterinary Stereotactic Radiosurgery System Market (USD Million), 2021 - 2031
In the year 2024, the Global Veterinary Stereotactic Radiosurgery System Market was valued at USD 3,433.06 million. The size of this market is expected to increase to USD 7,263.53 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 11.3%.
Veterinary Stereotactic Radiosurgery Systems Market
*Market size in USD million
CAGR 11.3 %
Study Period | 2025 - 2031 |
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Base Year | 2024 |
CAGR (%) | 11.3 % |
Market Size (2024) | USD 3,433.06 Million |
Market Size (2031) | USD 7,263.53 Million |
Market Concentration | Low |
Report Pages | 396 |
Major Players
- Accuray Incorporated
- Varian Medical Systems, Inc.
- Elekta AB
- ViewRay, Inc.
- Brainlab AG
- GammaStar Group
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Veterinary Stereotactic Radiosurgery Systems Market
Fragmented - Highly competitive market without dominant players
The global veterinary stereotactic radiosurgery (SRS) system market is experiencing growth driven by advancements in cancer treatment for companion animals and increased demand for precision and minimally invasive therapies. Stereotactic radiosurgery involves delivering highly focused radiation to precise targets in the body, making it an effective treatment option for tumors that are difficult to access surgically or in sensitive locations. This technology is particularly beneficial in veterinary oncology, where it allows for targeted therapy with minimal damage to surrounding healthy tissues, thereby improving treatment outcomes and quality of life for animals.
Technological advancements in veterinary SRS systems have expanded treatment capabilities and enhanced accuracy. Modern systems offer advanced imaging capabilities for precise target localization and planning, real-time monitoring during treatment delivery, and integrated software for treatment planning and analysis. These innovations enable veterinarians to tailor treatment plans based on the unique anatomy and condition of each animal, optimizing therapeutic efficacy while minimizing potential side effects.
Despite these advancements, the veterinary SRS system market faces challenges such as high initial costs of equipment and treatment, limited availability of specialized training for veterinary radiation oncologists, and regulatory considerations related to radiation safety and treatment standards. However, opportunities for market growth are significant, driven by increasing pet owner willingness to invest in advanced cancer treatments, rising prevalence of cancer in companion animals, and expanding capabilities of veterinary oncology practices. As veterinary medicine continues to evolve with technological advancements and greater acceptance of specialized treatments, the global veterinary SRS system market is poised for continued expansion in the coming years.
Global Veterinary Stereotactic Radiosurgery System Market Recent Developments
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In February 2024, Varian Medical Systems, Inc. announced that its TrueBeam and Edge radiotherapy systems with the HyperSight imaging solution received 510(k) clearance from the U.S. Food and Drug Administration (FDA).
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In October 2023, Thrive Pet Healthcare launched Thrive Pet Healthcare Specialists in Hoffman Estates, expanding its network to over 380 locations across 37 U.S. states. This facility offers round-the-clock emergency care for pets with critical or life-threatening conditions and provides specialty services by appointment.
Veterinary Stereotactic Radiosurgery Systems Market Segment Analysis
In this report, the Veterinary Stereotactic Radiosurgery System Market has been segmented by Modality,end users and Geography.
Veterinary Stereotactic Radiosurgery System Market, Segmentation by Modality
The Veterinary Stereotactic Radiosurgery System Market has been segmented by Modality into Gamma Knife, LINAC, PBRT and CyberKnife.
Gamma KnifeGamma Knife systems are highly precise radiosurgical tools that use focused gamma radiation to treat brain and head tumors in veterinary patients. They offer sub-millimeter accuracy, reducing damage to surrounding tissues and enabling faster recovery. This modality accounts for nearly 25% of the veterinary stereotactic radiosurgery market due to its proven success in complex neurological cases
LINACLinear Accelerator (LINAC) systems use high-energy X-rays to target and destroy cancerous cells in animals with deep-seated tumors. Known for their versatility, they can treat various anatomical regions with advanced imaging guidance. LINAC systems hold approximately 40% market share, making them the most widely adopted modality in veterinary oncology
PBRTProton Beam Radiation Therapy (PBRT) delivers targeted proton particles to tumors, offering minimal collateral damage to healthy tissue. Its precision is particularly beneficial for treating tumors near critical structures in animals. Although adoption is growing, PBRT currently represents about 15% of the market due to its high cost and limited availability
CyberKnifeCyberKnife is a robotic radiosurgery system that delivers high-dose radiation with real-time tumor tracking, allowing treatment of moving tumors without invasive frames. It is increasingly preferred for complex and irregularly shaped tumors in pets. CyberKnife holds nearly 20% of the veterinary stereotactic radiosurgery system market, driven by its non-invasive approach and treatment flexibility
Veterinary Stereotactic Radiosurgery System Market, Segmentation by End Use
The Veterinary Stereotactic Radiosurgery System Market has been segmented by End Use into Hospitals & Clinics..
Hospitals & ClinicsHospitals and clinics are the primary end users of veterinary stereotactic radiosurgery systems, offering advanced cancer treatment options for pets and other animals. These facilities benefit from state-of-the-art imaging, precision targeting, and multidisciplinary oncology teams. Accounting for nearly 100% of the market share, this segment dominates due to the high infrastructure investment required for such specialized equipment and the concentration of expertise in these settings
Veterinary Stereotactic Radiosurgery System Market, Segmentation by Geography
In this report, the Veterinary Stereotactic Radiosurgery System Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
Veterinary Stereotactic Radiosurgery System Market Share (%), by Geographical Region
North America
North America holds the largest share of the veterinary stereotactic radiosurgery system market, contributing around 40% of the global revenue. The growth is driven by advanced veterinary infrastructure, high pet healthcare spending, and rapid adoption of innovative cancer treatment technologies. The presence of leading manufacturers and specialized veterinary oncology centers further supports market dominance in this region.
Europe
Europe accounts for nearly 25% of the market, fueled by increasing awareness of pet oncology care and expanding veterinary hospital networks. Countries such as Germany, France, and the UK are at the forefront due to strong healthcare infrastructure and supportive regulatory frameworks for advanced treatment adoption.
Asia Pacific
Asia Pacific is experiencing the fastest growth, with a market share of about 20%, driven by rising pet ownership, growing disposable income, and investments in veterinary care infrastructure. Countries like Japan, Australia, and China are witnessing increased demand for precision cancer treatments for animals.
Middle East and Africa
The Middle East and Africa region holds around 8% of the market, supported by gradual advancements in veterinary healthcare facilities. While adoption is limited compared to developed regions, rising awareness and investments in specialized treatments are expected to boost growth in the coming years.
Latin America
Latin America contributes approximately 7% to the global market, with Brazil and Mexico leading in adoption rates. Improving veterinary service quality and increasing availability of advanced diagnostic and treatment equipment are driving growth, despite economic and infrastructure challenges.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Veterinary Stereotactic Radiosurgery System Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Advancements in veterinary oncology
- Increasing demand for precise
- Technological innovations in SRS systems-Technological innovations in veterinary stereotactic radiosurgery (SRS) systems are revolutionizing the treatment of tumors and other neurological conditions in animals. SRS systems deliver precisely targeted radiation to specific areas of the brain or body, minimizing damage to surrounding healthy tissue. This precision is crucial in veterinary medicine, where sparing healthy tissue is paramount to preserving quality of life and reducing treatment side effects in animals.
Advancements in SRS systems include improvements in imaging technologies such as computed tomography (CT) and magnetic resonance imaging (MRI) for precise treatment planning. These imaging modalities enable veterinarians to create detailed three-dimensional maps of the tumor or lesion, allowing for accurate targeting of radiation beams. Additionally, robotic systems and computerized treatment planning software enhance the automation and accuracy of radiation delivery, ensuring consistent and reproducible treatment outcomes across patients.
Technological innovations have led to the development of compact and portable SRS systems designed specifically for veterinary clinics. These systems offer flexibility in treatment scheduling and reduce the need for patients to travel long distances for specialized care. Moreover, integration with digital health solutions allows for remote monitoring and consultation, enabling veterinary specialists to collaborate on treatment plans and provide support to local veterinarians. As these technologies continue to evolve, they are expected to expand access to advanced radiation therapy options for veterinary patients, improving overall treatment efficacy and patient outcomes in the global veterinary stereotactic radiosurgery system market.
Restraints
- High upfront costs
- Limited availability of specialized veterinary oncologists
- Regulatory challenges-The global veterinary stereotactic radiosurgery system market faces significant regulatory challenges that impact its adoption and growth. Regulatory approval processes for medical devices, including veterinary radiosurgery systems, vary across countries and regions, often requiring stringent safety and efficacy evaluations before market entry. These regulations aim to ensure patient safety, efficacy of treatments, and adherence to ethical standards in veterinary care. However, navigating these regulatory hurdles can be complex and time-consuming for manufacturers, potentially delaying product launches and market entry.
Veterinary radiosurgery systems often incorporate advanced technologies and radiation-emitting components, necessitating compliance with radiation safety standards and guidelines. Regulatory authorities impose strict requirements for radiation protection, including proper shielding, monitoring, and maintenance of equipment to minimize risks to both animal patients and veterinary personnel. Ensuring compliance with these standards adds to the regulatory burden and operational costs for manufacturers and veterinary facilities.
Differences in regulatory frameworks between human and veterinary medicine present additional challenges. While many countries have established regulations for human radiosurgery systems, veterinary-specific guidelines may be less developed or harmonized internationally. This disparity can create ambiguity and inconsistency in regulatory interpretations, affecting market access and adoption of veterinary stereotactic radiosurgery systems globally. Despite these challenges, proactive engagement with regulatory agencies, adherence to quality standards, and ongoing collaboration between stakeholders are crucial to overcoming regulatory barriers and advancing the veterinary radiosurgery market for improved animal care and treatment outcomes.
Opportunities
- Integration of advanced imaging
- Collaborative research and partnerships
- Adoption of minimally invasive treatment options-The global veterinary stereotactic radiosurgery (SRS) system market is witnessing increased adoption of minimally invasive treatment options, driven by advancements in technology and a growing emphasis on improving patient outcomes in veterinary oncology. Stereotactic radiosurgery is a non-invasive technique that delivers highly focused radiation to precisely targeted areas within the body, minimizing damage to surrounding healthy tissues. This approach is particularly advantageous in veterinary medicine, where traditional surgery may be invasive and pose higher risks for patients, especially those with complex conditions or tumors located in sensitive areas.
The adoption of minimally invasive treatment options such as SRS in veterinary oncology is supported by technological innovations that have enhanced the precision, efficiency, and safety of radiation therapy. Modern SRS systems incorporate advanced imaging technologies, such as CT and MRI, for accurate tumor localization and treatment planning. This allows veterinarians to deliver high doses of radiation precisely to the tumor while sparing nearby healthy tissues, reducing treatment-related side effects and improving overall quality of life for animals undergoing therapy.
The increasing availability and accessibility of veterinary SRS systems across different regions are expanding treatment options for pet owners and veterinary specialists alike. As veterinary clinics and hospitals invest in these advanced technologies, there is a growing capability to offer comprehensive cancer care and specialized treatments that were previously limited to human medicine. The adoption of minimally invasive treatment options not only meets the evolving expectations of pet owners for advanced veterinary care but also underscores the commitment of the veterinary community to advancing medical technology and improving outcomes in veterinary oncology.
Competitive Landscape Analysis
Key players in Global Veterinary Stereotactic Radiosurgery System Market include:
- Accuray Incorporated
- Varian Medical Systems, Inc.
- Elekta AB
- ViewRay, Inc.
- Brainlab AG
- GammaStar Group
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Global Veterinary Stereotactic Radiosurgery System Market
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Introduction
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Modality
- Market Snapshot, By End Use
- Market Snapshot, By Region
- Veterinary Stereotactic Radiosurgery System Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Advancements in veterinary oncology
- Increasing demand for precise
- Technological innovations in SRS systems
- Restraints
- High upfront costs
- Limited availability of specialized veterinary oncologists
- Regulatory challenges
- Opportunities
- Integration of advanced imaging
- Collaborative research and partnerships
- Adoption of minimally invasive treatment options
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Veterinary Stereotactic Radiosurgery System Market, By Modality, 2021 - 2031 (USD Million)
- Gamma Knife
- LINAC
- PBRT
- Cyber Knife
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Veterinary Stereotactic Radiosurgery System Market, By End Use, 2021 - 2031 (USD Million)
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Hospitals & Clinics
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Academic & Research Institutions
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- Veterinary Stereotactic Radiosurgery System Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Veterinary Stereotactic Radiosurgery System Market, By Modality, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Accuray Incorporated
- Varian Medical Systems, Inc.
- Elekta AB
- ViewRay, Inc.
- Brainlab AG
- GammaStar Group
- Company Profiles
- Analyst Views
- Future Outlook of the Market