Global Gamma Knife Market Size Projected To Advance At A CAGR Of Around 5.24% During 2024–2032
According to analysts at Zion Market Research, the global gamma knife market is expected to witness a significant growth of 5.24% CAGR during the forecast period 2024–2032.
The rise in market development is attributed to the augmenting cases of brain tumors, cancer, neurological disorders, and the rising geriatric population. The gamma knife is a very sophisticated radiation therapy for cancer treatment in children & adults. A gamma knife is a beam of extremely focused gamma rays to accurately destroy or cut the damaged or tumor cells, usually in the brain causing slight or no damage to the nearby normal cells. Gamma knife technology is utilized to cure trigeminal neuralgia, medium brain tumors, nerve disorders that cause chronic pain, abnormal blood vessel formations (arteriovenous malformations), epilepsy, and other neurological conditions.
Some of the key players in the market are Varian Medical Systems, Elekta, Nordion Inc., Huiheng Medical, Inc., American Shared Hospital Services, and ET Medical Group.
Increasing Technological Development & Incidence Of Neurological Disorders To Boost The Global Gamma Knife Market
The augmenting incidence of neurological disorders and the increasing geriatric population globally are the major growth drivers for the global market. Additionally, the technological development in radiosurgery systems as well as gamma knife, and programs taken by various administration associations to elevate awareness concerning therapeutic use of radiation therapy systems for the treatment of brain tumors are also impelling the expansion of the global gamma knife market. Regarding therapeutic applications, brain metastases hold the maximum share in the global market. The strict policies for the authorization of the gamma knife system and high setup & maintenance charges are some of the factors that are limiting the development of the global gamma knife market. Furthermore, the lack of trained healthcare professionals to activate a gamma knife, perils of side-effects linked with radiological elements, and lack of consciousness of the therapeutic use of gamma knife are also impacting the development of the global gamma knife market, particularly in emerging countries.
The global gamma knife market is bifurcated based on application, anatomy, and regional analysis. Based on the application, the market is divided into trigeminal neuralgia, arteriovenous malformations, brain metastases, and brain tumors. Based on the anatomy, the market is divided into neck, head, and others.
The Asia Pacific Region Predicted To Register Maximum Share In The Global Gamma Knife Market
Based on geographical analysis, the global gamma knife market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The market across the Asia Pacific region is growing at a noteworthy rate due to advanced healthcare infrastructure and surging incidence of neurological disorders in the region. Emerging countries, such as Japan, India, and China are the key markets for gamma knives across the region. Latin America is also another major market for gamma knives. This is owing to surging research & development investments in the production of radiosurgery equipment at the low production cost. Brazil holds the maximum share in the gamma knife market across the Latin America region due to the improving healthcare infrastructure in the country and the surging prevalence of cancer.
Gamma Knife Market: Competitive Analysis
The global gamma knife market is dominated by players like:
- Nordion
- Varian Medical Systems Particle Therapy GmbH
- American Shared Hospital Services (ASHS)
- Elekta
- Huiheng Medical Inc , Inc.
- ET Medical Group
The global gamma knife market is segmented as follows:
By Application
- Brain Tumors
- Arteriovenous Malformations
- Trigeminal Neuralgia
- Brain Metastases
By Anatomy
- Neck
- Head
- Others
By Region
- North AmericaThe U.S.Canada
- EuropeFranceThe UKSpainGermanyItalyRest of Europe
- Asia PacificChinaJapanIndiaSouth KoreaSoutheast AsiaRest of Asia Pacific
- Latin AmericaBrazilMexicoRest of Latin America
- Middle East & AfricaGCCSouth AfricaRest of Middle East & Africa
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