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Gamma knife Market Is Expected to Register a CAGR of 5.20 % During the Forecast Period, 2023–2032

Feb 19, 2024 5:00 PM ET

Gamma knife Market Is Expected to Register a CAGR of 5.20 % During the Forecast Period, 2023–2032

Global Gamma Knife Market Research Report: Information By Disease Indication (Brain Metastasis, Cancer, Arteriovenous Malformation, Trigeminal Neuralgia, Others), By Anatomy (Head, Neck, Others) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

According to MRFR analysis, the global Gamma knife Market is expected to register a CAGR of 5.20 % from 2023 to 2032.

The Gamma Knife market has witnessed substantial growth in recent years, fueled by the increasing incidence of brain tumors, trigeminal neuralgia, and arteriovenous malformations. The market is characterized by the dominance of established players such as Elekta AB, Varian Medical Systems, and Huiheng Medical, who continue to invest in research and development to enhance their product offerings.

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One of the key factors driving the market is the growing preference for non-invasive procedures. Gamma Knife radiosurgery allows precise targeting of lesions or tumors in the brain without the need for surgical incisions. This minimally invasive approach results in shorter recovery times, reduced hospital stays, and improved patient outcomes.

Recent advancements in Gamma Knife technology have focused on improving treatment accuracy, reducing treatment time, and expanding the range of treatable conditions. The integration of advanced imaging technologies, such as magnetic resonance imaging (MRI) and positron emission tomography (PET), has allowed for better treatment planning and targeting.

Segmentation

The global gamma knife market has been segmented based on Disease Indication, and Anatomy.

On the basis of Disease Indication, the market is segmented into Brain Metastasis, Cancer, Arteriovenous Malformation, Trigeminal Neuralgia, others. The Cancer segment dominated the market 2022. Increased healthcare spending worldwide allows for greater adoption of advanced medical technologies like the Gamma Knife.

Based on Anatomy, the global gamma knife market has been segmented into Head, Neck, others. The Head category generated the most revenue in 2022. The aging population is more prone to neurological conditions, leading to a growing demand for precise and effective treatment options.

Key Players

MRFR recognizes the following companies as the key players in the global gamma knife market— Elekta, Varian Medical Systems, Huiheng Medical, Inc., Akesis, Inc, MASEP Medical Science Technology Development (Shenzhen) Co., Ltd., American Radiosurgery Inc., Panacea Medical Technologies Pvt. Ltd., Nordion (Canada) Inc., Accuray Incorporated, Hitachi, Ltd.

Regional Analysis

The global gamma knife market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Gamma knife market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Gamma knife market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Gamma knife market comprises of Middle East, Africa, and Latin America.

The largest market share for Gamma knife was maintained by the North American regional sector. In North America, the Gamma Knife marketplace exhibits sturdy increase driven by means of a mixture of technological advancements, increasing occurrence of neurological issues, and a well-hooked up healthcare infrastructure. The location boasts a high adoption charge of innovative clinical technologies, and with a developing ageing populace, there may be a heightened demand for precise and non-invasive remedies like Gamma Knife therapy. Moreover, strategic collaborations among healthcare institutions and industry leaders make a contribution to the enlargement of Gamma Knife applications, making it a distinguished player within the neurosurgical landscape.

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Moreover, In Europe, the Gamma Knife market is marked through a consistent upward push in demand, supported through favorable government regulations, research tasks, and a growing consciousness of advanced medical remedies. European nations with robust healthcare systems are making an investment in Gamma Knife technology to cope with the growing incidence of mind disorders and improve patient outcomes. The aggressive landscape in Europe is characterised by using the presence of key market gamers imparting modern solutions, contributing to the general increase of the Gamma Knife marketplace inside the area.

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