The global Gamma Knife Market size is expected to reach USD 626.4 million by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.0% from 2022 to 2030. The increasing prevalence of cancer, brain tumors, and other neurological diseases, rising adoption of these instruments in surgery centers, growing preference for Minimally Invasive Surgeries (MIS), and technological advancements in the device are among few factors expected to drive the market.
Gamma knife therapy is used for the treatment of various brain and neurological disorders such as brain tumors, brain metastases, epilepsy, and arteriovenous malformations. Demand for these instruments in surgery centers is growing due to their various advantages such as safety, micro-precision, lack of postsurgical complications, and lack of incisions.
Technological advancements have improved precision in surgery. For instance, the up-gradation of Leksell Gamma Knife models U, B, C/4C, and Perfexion to Icon provided micro-precision in surgery and boosted the adoption of this device in surgery centers. According to reports published by Elekta AB, approximately 70,000 patients undergo gamma knife surgery each year. This number is expected to increase over the forecast period owing to the rising prevalence of target diseases and increasing preference for MIS.
In addition, the growing demand for MIS over open surgeries is one of the key factors responsible for increasing the adoption of this therapy. Gamma knife treatment procedure results in fewer traumas and faster recovery as compared to open surgeries. It helps reduce hospital stays, thus ensuring economic viability and reduction in medical expenses. Lack of incisions and post-surgical complications are key factors responsible for boosting the demand for minimally invasive surgeries.
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Gamma Knife Market Report Highlights
- Malignant tumors emerged as the largest indication segment in 2021. The functional disorders segment is anticipated to witness the fastest growth over the forecast period
- The Asia Pacific held the largest revenue share in 2021 owing to the rising incidence of cancer, developments in healthcare infrastructure, and rapid economic development across major emerging economies
- Elekta AB is the only player operating in this market since Gamma Knife is a patent-protected trademark product of the company
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.Global Silage Additives Market ReportThe research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the gamma knife market include American Radiosurgery Inc., Elekta AB, and Masep Medical Science & Technology Development Co., Ltd.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Gamma Knife Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/gamma-knife-market/download-sampleMarket DynamicsThe increasing prevalence of cancer and obesity and the growing aging population are the major factors driving the gamma knife market.
The growing awareness about the technology involved in the surgery and attractive advantages offered by the same over open surgeries leads to high market demand.
The rise in the number of initiatives taken by several government associations and the advanced features of gamma Knife systems are positively impacting the gamma knife market's growth.
Moreover, the improving healthcare technology and rising healthcare expenditure, especially in developing countries, are likely to offer lucrative growth opportunities for key players of the gamma knife market in the coming years.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
