The global gamma knife market size was estimated to be US$ 197 million in 2020 and is expected to reach US$ 295 million by 2031 at a CAGR of 4.5%.
Gamma knife is a radiation treatment that is especially used to manage cancers, for example, cerebrum growth. It is a medical procedure that includes the utilization of a light emission, focused gamma beams that are designated on the cancer or the tissue to obliterate and chop down something similar.
The significant benefit of gamma knife treatment is that it doesn't hurt the close by cells or tissues. One doesn't encounter any bad effects. This is the reason the medical procedure is more secure than some other open cut medical procedure. Gamma knife treatment is utilized for treatment of different mind and neurological problems, for example, cerebrum growths, cerebrum metastases, epilepsy, and arteriovenous abnormalities. Interest for these instruments in medical procedure communities is becoming because of their different benefits like wellbeing, miniature accuracy, absence of post-surgical complications, and absence of entry points.
The key factors expected to drive reception of Gamma Knife incorporate are, increment inclination toward non-and insignificantly intrusive methodology, high achievement pace of Gamma Knife treatment, positive discernment among medical care suppliers, and zero in on created novel treatment techniques for neurological issues, thorough medical coverage cover for radiation treatment. The expense of a Gamma Knife is in the scope of US$ 4 Mn to US$ 5 Mn, with extra arrangement expenses of US$ 1 Mn to US$ 2 Mn. All out, interest in acquiring a machine can amount to US$ 7 Mn.
The significant expense of Gamma Knife has stayed a longstanding test, notwithstanding, it is normal that innovative headway will prompt expense decrease later on. In spite of the fact that Gamma Knife has demonstrated to be a profoundly viable treatment alternative, significant expense, low hardware accessibility, and absence of mindfulness in creating markets can restrain reception. However, quickly developing economies, upgrades in medical services offices, and rising geriatric populace are a portion of the factors inferable from which Asia Pacific is relied upon to arise as the quickest developing area with a development pace during the forecast time frame. In June 2015, Samsung Clinical Center procured the main Gamma Knife Icon system in Asia.
In virtue of solid reception in the U.S. medical care area, North America has stayed the biggest market for Gamma Knife. In any case, during the forecast time frame 2022-2032, Asia Pacific will arise as the most worthwhile market, driven by hearty reception of Gamma Knife in China, India, Japan, and South Korea. Hence, developing reception of significant expense innovatively a progressed item in this province is one of the cardinal aspects that can be ascribed to its biggest share and quickest development during 2022-2032.
Global Gamma Knife Market Value Share Analysis, by Geography (2022)
The report titled “Global Gamma Knife Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the Global Gamma Knife Market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global Gamma Knife market is segmented as disease indications, anatomy, end use, and region. Based on disease indications, the Gamma Knife market is segmented into vascular disorders, brain metastasis, ocular diseases, functional disorders, arteriovenous malformation (AVM), trigeminal neuralgia, movement disorders, cancer and others. Based on anatomy, the Gamma Knife market is segmented into head, neck and others. Based on end use, the Gamma Knife market is segmented into hospitals, clinics and ambulatory service centers, others.
Based on geography, the Global Gamma Knife Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Italy, France, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, UAE, South Africa and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on Global Gamma Knife Market. Further, market share of prominent companies in the Global Gamma Knife Market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the Gamma Knife companies. The Global Gamma Knife Market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution.
Product portfolio would focus on all the products under the Gamma Knife business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the Global Gamma Knife Market.
The key players of the Global Gamma Knife Market are Varian Medical Systems Inc., Elekta AB, Accuray Incorporated, Koninklijke Philips N.V., American Radiosurgery Inc., Hitachi, Ltd., GENERAL ELECTRIC COMPANY, American Shared Hospital Services, CyberMed Health Inc., MASEP, ISOTREND spol. s r.o., Nordion (Canada) Inc., Blount Memorial Hospital, UT Health East Texas., Brainlab, BondWellOrtho, Panacea Medical Technologies Pvt. Ltd., Ono Sokki India Private Limited., Panacea Medical Technologies Pvt. Ltd., and Others.
Global Gamma Knife Market Key Segments:
Based on Disease indications
Based on Anatomy
Based on End use
By Region
The global Gamma Knife market was worth US$ 197 million in 2020.
The global Gamma Knife market is expected to register a CAGR of 4.5% between 2022 and 2032.
Asia Pacific is the principal contributor to the global Gamma Knife market.
The end-use segments in Hospitals, Clinics and Ambulatory service centers.
Key Gamma Knife market players are Varian Medical Systems Inc., Elekta AB, Accuray Incorporated, Koninklijke Philips N.V., American Radiosurgery Inc., Hitachi, Ltd., GENERAL ELECTRIC COMPANY and others.
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