Global Gamma Knife Market - Industry Trends and Forecast to 2028

Global Gamma Knife Market - Industry Trends and Forecast to 2028
Global gamma knife market is on the rise and will continue to witness an upward trend for the forecast period of 2021-2028. Currently standing at the market value of USD 269.53 million, the gamma knife market will rise up to USD 342.23 million by the end of the forecast period. This is because of the growing awareness about the advantages of this radiation therapy globally. Thus, following the current trends the global gamma knife market is set to exhibit a CAGR of 3.03%.
Gamma knife is a radiation therapy that is particularly used to deal with tumours such as brain tumour. It is a surgery that involves the use of a beam of extremely focussed gamma rays that are targeted on the tumour or the tissue to destroy and cut down the same. The major advantage of gamma knife therapy is that it doesn't harm the nearby cells or tissues. One doesn't experience any side effects of the same as well. This is why the surgery is safer than any other open surgery. The gamma knife therapy surgery is majorly used for the surgery of tumours in the brain in the spinal cord.
The rapidly growing and aging population is one of the key growth driving factors of the market. The prevalence of an increasing number of patients with neurological disorders is another reason for the growth of the market. Growing awareness about the technology involved in the surgery and attractive advantages offered by the same over open surgeries is another major growth-boosting factor. Also, a growing number of cancer patients around the world demand a better and safe surgical treatment that gamma knife therapy can easily offer.
However, certain factors may obstruct the growth of this market. The high cost of installing the technology is one of the biggest reasons. Moreover, the treatment cost of the same is very high. Thus, not everyone can afford it. The treatment cost also depends upon the severity of tumour. Lack of awareness about this alternate surgical treatment in emerging countries can also hamper the growth of the market.
This gamma knife market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on gamma knife market, contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Gamma Knife Market Scope and Market Size
Gamma knife market is segmented on the basis of disease indications, anatomy and end use. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
• 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.
• On the basis of anatomy, the gamma knife market has been segmented into head, neck and others.
• Global gamma knife market has also been segmented based on the end use into hospitals, clinics and ambulatory service centres.

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