Gamma Knife Market to represent a significant expansion at 4.8% CAGR by 2033

The Global revenue from the Gamma Knife Market was around US$ 185.7 Million in 2022, with the global market expected to grow at a CAGR of 4.8% to reach a valuation of around US$ 311.4 Million by the end of 2033.

Radiation therapy is a procedure entailing the precise delivery of high doses of radiation to tumors and other relevant anatomical targets. It involves the usage of sophisticated technology to ablate tumors and other abnormalities with noninvasive procedures and high doses of radiation while minimizing the exposure to surrounding healthy tissues.

Gamma Knife radiosurgery is a major form of radiation therapy. It is mainly used to treat brain tumors, arteriovenous malformations, trigeminal neuralgia, acoustic neuroma, and pituitary tumors. In Gamma Knife surgery, specialized equipment focuses close to 200 tiny beams of radiation on a tumor or other targeted cells. Each beam has minimal effect on the brain tissue and it delivers strong doses of radiation to the targeted tumor cells for treatment.

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Increasing prevalence of cancer, growing aging population, rising number of initiatives undertaken by various government associations, and advanced features of Gamma Knife systems are major drivers of the global Gamma Knife market. On the other hand, stringent regulatory requirements and prolonged approval time for Gamma Knife systems as well as high cost of implementation and shortage of skilled manpower are some major concerns for the global Gamma Knife market.

In terms of geography, North America dominates the global Gamma Knife market due to increasing prevalence of cancer as well as increasing investments by radiosurgery systems manufacturing companies. In addition, increased awareness about Gamma Knife technology for cancer treatment is also boosting the growth of the Gamma Knife market in the region. The U.S. represents the largest market for Gamma Knife, followed by Canada, in North America. In Europe, Germany, France, the U.K., Italy, and Spain hold major shares of the Gamma Knife market. However, Asia represents the fastest growing region in the Gamma Knife market. This is due to increasing prevalence of cancer and growing aging population. In Latin America, rising incidence of cancer and construction of manufacturing and research facilities by many companies is driving the Gamma Knife market in the region.

This report provides in-depth analysis and estimation of the Gamma Knife market for the period 2014 to 2020, considering 2013 as the base year for calculation. In addition, data pertaining to current market dynamics, including market drivers, restraints, trends, and recent developments, has been provided in the report. The Gamma Knife market is categorized on the basis of application and geography. Based on the application, the Gamma Knife market is further categorized into brain market metastases, brain tumor, trigeminal neuralgia, arteriovenous malformations, and others. On the basis of geography, the Gamma Knife market report identify analyzes the size and predictions for North America, Europe, Asia, Latin America, and Rest of the World (RoW).

Drivers and Restraints:

Drivers:

• Growing prevalence of brain tumors: The increasing incidence of brain tumors, both malignant and benign, is a significant driver for the Gamma Knife market. Gamma Knife radiosurgery is an effective and non-invasive treatment option for brain tumors, leading to its growing adoption.
• Technological advancements: Advancements in Gamma Knife technology, such as the development of advanced imaging techniques, dose planning software, and robotic systems, have improved the precision and safety of the procedure. These technological advancements are driving the demand for Gamma Knife systems.

Restraints:

• High cost of Gamma Knife systems: The initial investment and maintenance costs associated with Gamma Knife systems are high. These costs include the purchase of equipment, installation, training, and ongoing maintenance. The high cost of Gamma Knife systems can limit their adoption, particularly in developing countries with limited healthcare budgets.
• Lack of reimbursement: In some regions, reimbursement policies may not adequately cover the costs of Gamma Knife procedures. This can act as a restraint for patients who cannot afford the out-of-pocket expenses associated with the treatment. The lack of reimbursement can also deter healthcare facilities from investing in Gamma Knife systems.

Key Companies:

• Elekta AB
• Varian Medical Systems
• Huiheng Medical, Inc.
• MASEP Medical Science Technology Development (Shenzhen) Co., Ltd.
• Akesis Inc.
• Cyber Medical Corporation Limited.
• Masep Infini Global, Inc.
• Nordion, Inc.
• Hokai
• ET Medical Group
• American Shared Hospital Services

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Segmentation: 

Disease Indication:

• Brain Metastasis
• Cancer
• Arteriovenous Malformation (AVM)
• Trigeminal Neuralgia
• Others

Organ Treated:

• Head
• Neck
• Others

Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East & Africa

This report covers a thorough analysis of:

• Market segment
• Market dynamics
• Market size
• Supply demand
• Current Trends/Issues/Challenges
• Competition and related companies
• Technology
• Value chain

Regional analysis includes:

• North America (USA, Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, UK, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia and New Zealand)
• Japan
• Middle East and Africa (GCC countries, South Africa, North Africa)

Report highlights:

• Detailed overview of the top markets
• Changing market dynamics of the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• competitive landscape
• Strategies of major players and products provided
• Potential and niche segments, areas showing promising growth
• A neutral view of market performance
• Essential information for market participants to maintain and strengthen their market footprint

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