Stereotaxic Instruments MarketSize and Trends

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.

Market Trends

North America is expected to be dominant in the global stereotaxic instruments market, due to launch of new products by key players in the region. For instance, in 2009, Meyer Instruments Inc. launched Lecia Angle Two, designed to perform surgery at any position or angle and it is also computer assisted that helps in reaching the target size easily with minimal errors. The probe position in Lecia Angle Two has three linear movements i.e. anterior/posterior, medial/lateral, dorsal/ventral axes. It consists of a software, virtual skull flat, which uses lambda and bregma reference points to calculate human skull tilt. Launch of innovative products in the region of North America are expected to boost growth of stereotaxic instruments market.

Europe stereotaxic instruments market is also expected to exhibit high growth due to rising in prevalence of PD in the region. According to a study conducted in 2015 by European Parkinson’s Disease Association, Parkinson is a major cause of death of 100,000 people, annually. The association further stated that the disease mostly affected geriatric population in Germany. According to this study, it is observed that symptoms of PD increase at the age of 80-84 after which the symptoms are declined. Such high increase in prevalence of Parkinson’s disease is expected to contribute to growth of the global stereotaxic market.