Gamma Knife Market exhibiting CAGR of 12.3% by 2032, owing to rising adoption of the instruments in surgical centers | insightSLICE
According to estimates, the global market for Gamma Knife was worth US$ 225 million in 2021, growing at a 4.5% CAGR through 2032.
The report titled “Global Gamma Knife Market will give you a brief detail about current trends, market analysis, and sales forecasts for the years 2023-2032. The year 2021 is a historic period for this report and it is based on data from the year 2022.
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The study takes into consideration the primary landscape of the market, it will also provide a company overview and market outlook for all the leading companies in the Global Gamma Knife Market.
Furthermore, the report would provide data for regional market sales, revenue growth statistics, upcoming research trends, business strengths, management profiles, and product impact of all the major companies in this market.
The key players of the Global Gamma Knife Market are:
The major companies present in the market for Gamma Knife vendors are Varian Medical Systems Inc., Koninklijke Philips N.V., Elekta AB, Accuray Incorporated, Hitachi, Ltd., General Electric Company, American Radiosurgery Inc., CyberMed Health Inc., MASEP, American Shared Hospital Services, Nordion (Canada) Inc., Isotrend SPOL. S R.O., Blount Memorial Hospital, Brainlab, UT Health East Texas., Ono Sokki India Private Limited., BondWellOrtho, Panacea Medical Technologies Pvt. Ltd., and Others.
Uses of Gamma Knife Treatment:
A radiation therapy called gamma knife is very useful for treating tumours like cerebrum expansion. It is a therapeutic method that makes use of targeted gamma beams that emit light and are directed at cancer or other tissue to destroy and cut down anything comparable.
The fact that gamma knife therapy doesn’t harm nearby cells or tissues is a key advantage. There are no negative consequences of using this treatment and thus it can be used by several types of patients. Medical technology is also safer than certain other open-cut procedures.
Different mental and neurological issues, such as brain growths, brain metastases, epilepsy, and arteriovenous anomalies, are treated with gamma knife therapy.
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These devices are gaining popularity in the medical procedure communities due to a variety of advantages including safety, small accuracy, the lack of post-operative problems, and the lack of entrance points.
Prospects and hinderances in the growth of this market:
The primary factors that are anticipated to influence the uptake of Gamma Knife include an increase in preference for minimally invasive and non-invasive methods, rapid success rates with Gamma Knife treatment, a favorable perception among medical care providers, and a focus on newly developed treatment methods for neurological problems as well as comprehensive medical coverage for radiation therapy.
A Gamma Knife requires between US$4 and US$5 million, including additional setup costs of US$1 to US$2 million. Total interest in purchasing a machine might reach US$ 7 million. These high expenses may act as a barrier for low-income countries.
The high cost of the Gamma Knife has long been a challenge; however, it is expected that future advancements in technology will result in cost reductions.
Although Gamma Knife has proven to be a highly effective treatment option, significant cost, limited hardware availability, and a lack of market-building awareness may limit use.
However, the economic incentive and expansion of this industry will undoubtedly be boosted by rapidly increasing economies, improvements in medical care facilities, and an increase in the number of people in their senior years.
Key market statistics presented in this report:
Our report for the global Gamma Knife Market will include critical data and a SWOT analysis is used to estimate Gamma Knife Market. Detailed company profiles that include product portfolio, rapid progress, important financial data, and tactics used by major market participants.
Analysis of various regions and nations that takes into account supply and demand-based decisions, and subsequently have a significant impact on the market’s growth will be done by expert reviewers. Market trends and potential for player development in the near term will be presented.
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Competitive environment outlining the revenue shares of the major companies in the Gamma Knife Market. Analysis of market segments that incorporates quantitative and qualitative research and touches on the impact of societal and economic factors will also be given in this report for Global Gamma Knife Market.
Global Gamma Knife Market Key Segments:
Based on Disease indications
- Vascular disorders
- Brain metastasis
- Ocular diseases
- Functional disorders
- Arteriovenous malformation (AVM)
- Trigeminal neuralgia
- Movement disorders
- Cancer
- Other
Based on Anatomy
- Head
- Neck
- Other
Based on End use
- Hospitals
- Clinics
- Ambulatory service centers
- Other
By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- South Africa
- Saudi Arabia
- Rest of Middle East & Asia
- South America
- Brazil
- Rest of South America
Regional performance of Gamma Knife Market
The region with the fastest growth rate during the anticipated time frame is expected to be Asia Pacific. Samsung Clinical Center acquired the primary Gamma Knife Icon system in Asia in June 2015.
North America has continued to be Gamma Knife’s largest market due to the device’s positive response in the American medical community. In any case, Asia Pacific will emerge as the most lucrative market throughout the projected period of 2023–2032, propelled by the Gamma Knife’s enthusiastic reception in China, India, Japan, and South Korea.
As a result, one of the key factors contributing to this province’s largest share and fastest growth between 2023 and 2032 is the growing reception of major expenses innovatively an advanced item there.
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