Gamma Knife Devices Market Size, Share, Growth, Trends, Competitive Landscape, Revenue, Forecast Analysis 2021

Precision Business Insights published a research report on “Gamma Knife Devices Market by Application(Arteriovenous Malformations, Trigeminal Neuralgia, Cancer, Brain Metastases, Others), by Anatomy (Head, Neck, Others), by End-User (Hospitals, Ambulatory Radiotherapy Centres, Cancer Research Institutes, Others) and Geography - Global/Region/Country Forecast to 2027”.

Gamma knife surgery is a type of radiation treatment that uses a non-invasive neurosurgical tool called the Gamma knife. Small, very accurate amounts of radiation are delivered into the brain via gamma knife surgery. Small brain tumours shrink or aberrant blood vessels and nerves that cause pain or convulsions are blocked with this gamma knife treatment. Some brain illnesses, such as Parkinson's disease, can be treated by gamma knife surgery. For some patients, gamma knife surgery is a viable alternative to neurosurgery. If a person cannot handle neurosurgery due to a medical condition, age, or preference, gamma knife surgery may be an option. It is less invasive than neurosurgery and needs less hospitalisation and recuperation time. The most prevalent conditions for which Gamma Knife radiosurgery is done include brain tumours, arteriovenous malformations (AVM), trigeminal neuralgia, and acoustic neuroma. Fatigue, swelling in the brain near the treated area, and scalp swelling are some of the side effects seen after gamma knife treatment. All transportation facilities in numerous countries have been shut down due to the lockdown. As a result, a number of cancer treatment appointments were cancelled. As a result, the need for cancer therapy has skyrocketed. As a result, the pandemic has affected the global gamma knife business. The government suggested that the staff and patients follow certain criteria for safety during gamma knife procedures.

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The Gamma Knife business is booming around the world, thanks to rising cancer and obesity rates, as well as an ageing population. Furthermore, the growing number of efforts made by various government organisations, as well as the enhanced features of Gamma Knife systems, are propelling the market forward. However, the market's growth is hampered by tight regulatory standards, a lengthy licencing process for Gamma Knife systems, expensive implementation costs, and a scarcity of experienced people.

The gamma knife market can be divided into two categories: disease indication and geographic location. The market is divided into cancer, arteriovenous malformation (AVM), trigeminal neuralgia, essential tremor, and others (epilepsy, Parkinson's disease, and so on) based on disease indication. By illness indication, cancer dominates the gamma knife market, and its rising prevalence is predicted to boost the total market. There are more than 100 different forms of cancer. According to the World Health Organization, cancer kills roughly 14% of the world's population. Cancer claimed the lives of 8.5 million people in 2015. The gamma knife market is projected to be driven by this factor.

North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa are the five regions in which the gamma knife market is divided. North America leads the market, followed by Europe, the other developed area. The United States controls a significant portion of the worldwide market. The American Cancer Society estimates that 1,685,210 new cancer cases were detected in 2016. The rise of the gamma knife technology market in North America was affected greatly by advanced technologies, high awareness levels, and high purchasing power. The same element of affordability, on the other hand, has stifled markets in poorer countries. Despite this, the Asia Pacific gamma knife market has shown a considerable surge in growth. The Asia Pacific market is being driven by several important reasons, including rising population, rising disposable income, rising elderly population, and rising awareness levels. As a result of these circumstances, the Asian market is seeing an influx of new products. Other factors driving the gamma knife market include rising cancer prevalence, a growing preference for non- and minimally invasive procedures, high adoption and acceptance in developed markets, a high success rate of the gamma knife procedure, technological advancements, and comprehensive health insurance coverage for radio surgery procedures. There are also certain constraints in the market, such as fierce competition among existing companies, high procedure costs, limited equipment availability, and a lack of awareness about gamma knife therapy among the rural population in developing and undeveloped nations.

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Some of the major key players in the gamma knife devices market are Elekta AB, Varian Medical Systems, Huiheng Medical, Masep Infini Global, Nordion, Inc.

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