Global Gamma Knife Market, By Disease Indications (Vascular Disorders, Brain Metastasis, Ocular Diseases, Functional Disorders, Arteriovenous Malformation (AVM), Trigeminal Neuralgia, Movement Disorders, Cancer and Others), Anatomy (Head, Neck and Others), End Use (Hospitals, Clinics and Ambulatory Service Centres), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) 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.
Gamma Knife Market Country Level Analysis
Gamma knife market is analysed and market size insights and trends are provided by country, disease indications, anatomy and end use as referenced above.
The countries covered in the gamma knife market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America currently, stands at the top position in terms of holding the largest gamma knife market share. This is because of the prevalence of good healthcare infrastructure, rising number of patients with neurological disorders and increasing aged population. However, in terms of CAGR, Asia-Pacific is bound to witness the highest CAGR for the forecast period because of the increased adoption of gamma knife surgical technology. Also, increasing number of patients with cancer and brain tumour and improving healthcare technology especially in the developing countries are the contributors to the growth of this region in gamma knife market.
The country section of the gamma knife market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Gamma Knife Market Share Analysis
Gamma knife market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to gamma knife market.
The major players covered in the gamma knife market report are Elekta AB, Varian Medical Systems, Inc., Accuray Incorporated, GENERAL ELECTRIC COMPANY, Koninklijke Philips N.V., American Radiosurgery Inc., Hitachi, Ltd., American Shared Hospital Services, MASEP, CyberMed Health Inc., ISOTREND spol. s r.o., Nordion (Canada) Inc., UT Health East Texas., Blount Memorial Hospital, Brainlab, BondWellOrtho, Ono Sokki India Private Limited., Panacea Medical Technologies Pvt. Ltd. and Panacea Medical Technologies Pvt. Ltd. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Gamma Knife Market
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