Press release
Europe's Gamma Knife Market Sees Strong Growth and Strategic Updation
Gamma Knife Market
The global Gamma Knife market is witnessing significant growth driven by technological advancements, increasing prevalence of neurological disorders, and a rising preference for minimally invasive treatments. Valued at approximately USD 445.1 million in 2023, the market is expected to reach USD 626.4 million by 2030, exhibiting a healthy Compound Annual Growth Rate (CAGR) of 5.0% during the forecast period.
Competitive Landscape and Regional Demand
The Gamma Knife market is dominated by key players such as Elekta AB, Varian Medical Systems, Huiheng Medical, Inc., MASEP Medical Science Technology Development (Shenzhen) Co., Ltd., and Akesis Inc. These companies are actively engaged in mergers and acquisitions, partnerships, and strategic collaborations to strengthen their market presence and expand product portfolios.
Among regions, Asia Pacific holds the largest market share, accounting for over 38% in 2022, due to increasing healthcare investments, rising awareness of advanced neurological treatments, and a growing elderly population.
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United States: Gamma Knife Growth and Consolidation
The United States Gamma Knife market was valued at USD 129.6 million in 2023 and is projected to grow at a CAGR of 5.8% from 2024 to 2030. The growth is fueled by the increasing incidence of neurological diseases and brain tumors, rapid adoption of Gamma Knife radiosurgery, and continuous technological innovation.
The region has witnessed significant consolidation with major healthcare institutions partnering with leading device manufacturers to enhance clinical capabilities and expand Gamma Knife applications.
Asia Pacific: Gamma Knife Opportunities and Trends
Asia Pacific's Gamma Knife market generated revenue of USD 169.8 million in 2023 and is expected to reach USD 232.4 million by 2030 at a CAGR of 4.6%. Countries such as China, India, and Japan are spearheading the adoption of Gamma Knife technology, driven by government initiatives to upgrade healthcare infrastructure and increase access to advanced treatment options.
Recent notable developments include hospitals in India beginning to offer Gamma Knife treatment for complex neurological conditions, marking a milestone in regional cancer and brain disorder management.
Europe: Gamma Knife Trends and Market Updation
Europe accounted for a significant share of the global Gamma Knife market in 2023, with countries like Germany, the UK, and France driving growth. The region benefits from ongoing investments in healthcare technology and favorable regulatory support, promoting widespread Gamma Knife utilization.
Several European companies have engaged in mergers and acquisitions, aiming to consolidate their market position and enhance research and development in radiosurgery technologies.
Middle East and Africa: Emerging Gamma Knife Opportunities
The Middle East and Africa region is witnessing increasing adoption of Gamma Knife technology, particularly in countries such as the UAE and Saudi Arabia. This growth is supported by ongoing modernization of healthcare infrastructure and increased collaboration between local healthcare providers and global technology companies.
Strategic partnerships and investments in this region are expected to create promising opportunities for Gamma Knife market expansion in the coming years.
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Breaking Down the Gamma Knife Market: Key Segments Shaping the Industry
by Product
Malignant Tumors
Benign Tumors
Vascular Disorder
Functional Disorder
Ocular Diseases
In 2019, the largest revenue share-36.4%-was from malignant tumors. Another treatment option for primary malignant brain tumors is gamma knife therapy. Fractionated external beam radiation therapy is often opted for over traditional surgical procedures. Additionally, it is anticipated that the rising incidence of primary brain tumors will boost demand during the projection period. Demand in surgical facilities is also anticipated to increase because to the associated advantages of gamma knife therapy over alternative treatment methods, such as improved accuracy, precision, and treatment safety. Unlike other invasive surgical procedures, it doesn't require an incision, which might increase demand.
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Meet the Industry Leaders Revolutionizing the Gamma Knife Market
1. Elekta AB
2. Varian Medical Systems
3. Cyber Medical Corp.
4. ET Medical Group
5. GE Healthcare
6. Masep Infini Global Inc. Huiheng Medical, Inc
7. Nordion Inc.,
8. American Shared Hospital Services
9. Austromar S.R.O.
10. Combimar & Agemar SpA
11. Shine International Transportation
12. Transglory S.A.
13. New Lines CO, Ltd
14. Pacific Star International. China
15. SHANGHAI SNWI MEDICAL CO., LTD.
16. Shenzhen Tengfei Yu Technology Co., Ltd.
17. Shanghai Even Medical Instruments Co., Ltd.
Uncover Key Insights Answering the Biggest Questions in the Gamma Knife Market
What is Gamma Knife ?
What is the growth rate of the Gamma Knife Market?
Which are the factors expected to drive the Gamma Knife market growth?
What is the CAGR at which the Gamma Knife market will grow during the forecast period?
What are the different segments of the Gamma Knife Market?
Which is the fastest growing region in the Gamma Knife market?
What growth strategies are the players considering to increase their presence in Gamma Knife ?
What are the upcoming opportunities and trends for the Gamma Knife Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Gamma Knife Market?
Who are the leading companies and what are their portfolios in Gamma Knife Market?
What segments are covered in the Gamma Knife Market?
Who are the key players in the Gamma Knife market?
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Explore the Revolutionary Products Powering Market Success
Past Size and Competitive Landscape
• Past Pricing and price curve by region
• Size, Share, Size Forecast by different segment
• Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Segmentation A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape Profiles of selected key players by region from a strategic perspective
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