Market Challenges And Opportunities

Stereotaxic Instruments Market Drivers:-

New product launches of stereotaxic instruments by key players are expected to drive growth of the stereotaxic instruments market. For instance, in 2017, Harvard Apparatus Inc. launched a new line of stereotaxic instruments of high quality. The dual lead screw design of stereotaxic instruments offers accuracy and stability and laser engraved scales helps in easy and precise readings. This instrument offers 360 degree horizontal rotation, 180 degree vertical rotation, and is capable of locking at any angle.

These instruments are available for rats, larger animals, and mice. Its design options involve U frame and an animal rail mounted frame. Such innovations in stereotaxic instruments are expected to support stereotaxic instruments market growth.

According to a study conducted by Research America in 2017, health R&D expenditure increased by 20.6% from 2013-2016. In 2016, health R&D spending was over US$ 171.8 billion in U.S. Such rise in R&D expenditure in the healthcare industry is expected to boost growth of the stereotaxic instruments market.

According to a survey conducted in 2017 by Parkinson’s Foundation, around one million people in the U.S. are diagnosed with PD and around 60,000 new cases are reported in the year 2015. The report further stated that incidences of PD increases with age and men are more prone to the disease than women. Rising prevalence of PD is also expected to drive stereotaxic instruments market growth.

Stereotaxic Instruments Market Restraints

However, lack of trained personnel to use stereotaxic instruments is a major factor restraining growth of the stereotaxic instruments market. According to a study conducted by FDA in 2017, use of stereotaxic instruments has sometimes let to accuracy errors by professionals that cause serious or life-threatening injuries.