Gamma Knife Market: Global Industry Analysis and Forecast (2023-2029)


 Gamma Knife Market size was valued at US$ 217.87 Mn in 2022 and the total revenue is expected to grow at 3.7 % through 2023 to 2029, reaching nearly US$ 280.96 Mn.

Gamma Knife Market Overview:

The gamma knife is a type of sophisticated radiation therapy that is used to treat cancer in both adults and children. A gamma knife is a beam of highly focused gamma rays that are used to accurately cut or eliminate tumors or damaged cells, usually in the brain, while less perpetration and no damage to the normal cells in that particular region. Medium brain tumors, trigeminal neuralgia, epilepsy, nerve problems that cause chronic pain, aberrant blood vessel formations called arteriovenous malformations, and other neurological conditions are treated with gamma knife technology.

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Gamma Knife Market Dynamics:

The rising prevalence of cancer, brain tumors, and neurological illnesses, as well as the increasing usage of gamma knife tools in surgical facilities as a result of the growing inclination for less invasive surgeries, are expected to drive the market. Furthermore, the market is likely to be driven by technology improvements and upgrades.

The global incidence of neurological illnesses such as brain tumors and epilepsy is rapidly increasing. According to data released by the American Brain Tumor Association (ABTA) in 2017, about 7,00,000 persons in the United States have a brain tumor, with nearly 80,000 new primary brain tumor cases reported each year. Nonmalignant and malignant tumors are the two most common forms. In 2018, cancer was the second leading cause of mortality worldwide, accounting for nearly 9.0 million fatalities. Cancer incidence is anticipated to climb by 70% in the next two decades, according to WHO predictions.

There are also certain constraints in the market, such as fierce competition among existing companies, high procedure costs, limited equipment availability, and a lack of awareness about gamma knife therapy among the rural population in developing and undeveloped nations. Some of the most well-known companies are focused on new technologies in order to supply advanced medical care. Elekta, a pioneer in precision radiation therapy provider, recently unveiled the Leksell Gamma Knife Lightning, a cutting-edge innovation for intracranial stereotactic radiosurgery. This invention is perfectly in line with Elekta's development strategy, which focuses on helping the healthcare industry by improving operational efficiency, reducing drafting time, and allowing clinicians to focus more on patient-centric care.

Gamma Knife Market Segment Analysis:

The Malignant tumors segment is anticipated to adhere to the growth of the Gamma Knife Market.

Malignant tumors accounted for the highest revenue share of 36.4% in 2019. For primary malignant brain tumors, gamma knife therapy is utilized as an additional treatment. Traditional surgical treatment options are frequently chosen over fractionated external beam radiation therapy. Furthermore, over the projection period, the increased occurrence of primary brain tumors is expected to enhance demand. Additionally, gamma knife therapy's related benefits over other treatment options, such as enhanced accuracy, precision, and treatment safety, are expected to drive up demand in surgical centers. It does not require an incision, unlike other invasive surgical procedures, and this is expected to boost demand.

Regional Segment:

The Asia Pacific dominated the total market with a revenue share of 41.6 % in 2019. The region's dominance is due to a high prevalence of brain tumors, increased awareness among healthcare professionals about non-invasive treatment options such as stereotactic procedures, high adoption of these devices in surgery facilities, and improved healthcare infrastructure. Japan had the greatest revenue share in this area in 2019. Japan ranked as the second-largest market in terms of volume. Increased disease load, increased cancer and brain tumor prevalence, and the growing use of gamma knife tools in surgery centers are all contributing to its domination. Furthermore, Asia Pacific is predicted to emerge as the fastest-growing region with a growth rate of 4.1 % throughout the projection period, owing to rapidly emerging economies, advances in healthcare facilities, and a growing senior population.

The objective of the report is to present a comprehensive analysis of the Global Gamma Knife Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global Gamma Knife Market dynamics, structure by analyzing the market segments and project the Global Gamma Knife Market size. Clear representation of competitive analysis of key players by Grade, price, financial position, Grade portfolio, growth strategies, and regional presence in the Global Gamma Knife Market make the report investor’s guide.

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Gamma Knife Market




Report Coverage
Details




Base Year:
2022
Forecast Period:
2023-2029




Historical Data:
2018 to 2022
Market Size in 2022:
US $ 217.87 Mn.




Forecast Period 2023 to 2029 CAGR:
3.7%
Market Size in 2029:
US $ 280.96 Mn.




 Segments Covered:
by Product
Malignant Tumors
Benign Tumors
Vascular Disorder
Functional Disorder
Ocular Diseases






Gamma Knife Market, by Region

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (razil, Argentina Rest of South America)

Key Players:

1. Elekta AB
2. Varian Medical Systems
3. Cyber Medical Corp.
4. ET Medical Group
5. GE Healthcare
6. Masep Infini Global Inc. Huiheng Medical, Inc
7. Nordion Inc.,
8. American Shared Hospital Services
9. Austromar S.R.O.
10. Combimar & Agemar SpA
11. Shine International Transportation
12. Transglory S.A.
13. New Lines CO, Ltd
14. Pacific Star International. China
15. SHANGHAI SNWI MEDICAL CO., LTD.
16. Shenzhen Tengfei Yu Technology Co., Ltd.
17. Shanghai Even Medical Instruments Co., Ltd.

FAQs:

1. What is the global Gamma Knife Market value in 2022?
Ans: The global Gamma Knife Market value in 2022 was estimated as 217.87 Million USD.

2. What is the global Gamma Knife Market growth?
Ans: The global Gamma Knife Market is anticipated to grow with a CAGR of 3.7% in the forecast period and is likely to reach USD 280.96 Million by the end of 2029.

3. Which Indication segment is expected to dominate the global Gamma Knife Market during the forecast period?
Ans: The malignant tumors segment accounted for the maximum revenue share in 2022. Gamma knife therapy is exclusively used as adjunctive therapy for primary malignant brain tumors.

4. Which region is expected to dominate the global Gamma Knife Market during the forecast period?
Ans: The Asia Pacific dominated the gamma knife market with a share of 41.6% in 2022. This is attributable to a high incidence of brain tumors, rising awareness amongst healthcare professionals regarding noninvasive treatment alternatives.

5. What is the key driving factor for the growth of the global Gamma Knife Market?
Ans: Key factors that are driving the market growth include the rapid surge in the global incidence of neurological diseases such as brain tumors and epilepsy, rising adoption of the instruments in surgical centers, and product launch. 




1. Preface
1.1. Market Definition and Key Research Objectives
1.2. Research Highlights
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Technology
2.3.2. Primary Research
2.3.2.1. Data from Primary Technology
2.3.2.2. Breakdown of Primary Technology
3. Executive Summary: Global Gamma Knife Market Size, by Market Value (US$ Mn)
3.1. Global Market Segmentation
3.2. Global Market Segmentation Share Analysis, 2022
3.2.1. Global
3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
3.3. Geographical Snapshot of the Gamma Knife Market
3.4. Geographical Snapshot of the Gamma Knife Market, By Manufacturer share
4. Global Gamma Knife Market Overview, 2022-2029
4.1. Market Dynamics
4.1.1. Drivers
4.1.1.1. Global
4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.2. Restraints
4.1.2.1. Global
4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.3. Opportunities
4.1.3.1. Global
4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.4. Challenges
4.1.4.1. Global
4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa)
4.1.5. Industry Trends and Emerging Technologies
4.1.6. Porter Five Forces Analysis
4.1.6.1. Threat of New Entrants
4.1.6.2. Bargaining Power of Buyers/Consumers
4.1.6.3. Bargaining Power of Suppliers
4.1.6.4. Threat of Substitute Grades
4.1.6.5. Intensity of Competitive Rivalry
4.1.7. Value Chain Analysis
4.1.8. Technological Roadmap
4.1.9. Regulatory landscape
4.1.10. Impact of the Covid-19 Pandemic on the Global Gamma Knife Market
5. Supply Side and Demand Side Indicators
6. Global Gamma Knife Market Analysis and Forecast, 2022-2029
6.1. Global Gamma Knife Market Size & Y-o-Y Growth Analysis.
7. Global Gamma Knife Market Analysis and Forecasts, 2022-2029
7.1. Market Size (Value) Estimates & Forecast By Indication, 2022-2029
7.1.1. Malignant tumors
7.1.2. Benign tumors
7.1.3. Vascular disorders
7.1.4. Functional disorders
7.1.5. Ocular diseases
8. Global Gamma Knife Market Analysis and Forecasts, By Region
8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029
8.1.1. North America
8.1.2. Europe
8.1.3. Asia-Pacific
8.1.4. Middle East & Africa
8.1.5. South America
9. North America Gamma Knife Market Analysis and Forecasts, 2022-2029
9.1. Market Size (Value) Estimates & Forecast By Indication, 2022-2029
9.1.1. Malignant tumors
9.1.2. Benign tumors
9.1.3. Vascular disorders
9.1.4. Functional disorders
9.1.5. Ocular diseases
10. North America Gamma Knife Market Analysis and Forecasts, By Country
10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029
10.1.1. US
10.1.2. Canada
10.1.3. Mexico
11. U.S. Gamma Knife Market Analysis and Forecasts, 2022-2029
11.1. Market Size (Value) Estimates & Forecast By Indication’s, 2022-2029
12. Canada Gamma Knife Market Analysis and Forecasts, 2022-2029
12.1. Market Size (Value) Estimates & Forecast By Indication’s, 2022-2029
13. Mexico Gamma Knife Market Analysis and Forecasts, 2022-2029
13.1. Market Size (Value) Estimates & Forecast By Indication’s, 2022-2029
14. Europe Gamma Knife Market Analysis and Forecasts, 2022-2029
14.1. Market Size (Value) Estimates & Forecast By Indication’s, 2022-2029
15. Europe Gamma Knife Market Analysis and Forecasts, By Country
15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029
15.1.1. U.K
15.1.2. France
15.1.3. Germany
15.1.4. Italy
15.1.5. Spain
15.1.6. Sweden
15.1.7. CIS Countries
15.1.8. Rest of Europe
16. U.K Gamma Knife Market Analysis and Forecasts, 2022-2029
16.1. Market Size (Value) Estimates & Forecast By Indication’s, 2022-2029
17. France Gamma Knife Market Analysis and Forecasts, 2022-2029
17.1. Market Size (Value) Estimates & Forecast By Indication’s, 2022-2029
18. Germany Gamma Knife Market Analysis and Forecasts, 2022-2029
18.1. Market Size (Value) Estimates & Forecast By Indication’s, 2022-2029
19. Italy Gamma Knife Market Analysis and Forecasts, 2022-2029
19.1. Market Size (Value) Estimates & Forecast By Indication’s, 2022-2029
20. Spain Gamma Knife Market Analysis and Forecasts, 2022-2029
20.1. Market Size (Value) Estimates & Forecast By Indication’s, 2022-2029
21. Sweden Gamma Knife Market Analysis and Forecasts, 2022-2029
21.1. Market Size (Value) Estimates & Forecast By Indication’s, 2022-2029
22. CIS Countries Gamma Knife Market Analysis and Forecasts, 2022-2029
22.1. Market Size (Value) Estimates & Forecast By Indication’s, 2022-2029
23. Rest of Europe Gamma Knife Market Analysis and Forecasts, 2022-2029
23.1. Market Size (Value) Estimates & Forecast By Indication’s, 2022-2029
24. Asia Pacific Gamma Knife Market Analysis and Forecasts, 2022-2029
24.1. Market Size (Value) Estimates & Forecast By Indication’s, 2022-2029
25. Asia Pacific Gamma Knife Market Analysis and Forecasts, by Country
25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029
25.1.1. China
25.1.2. India
25.1.3. Japan
25.1.4. South Korea
25.1.5. Australia
25.1.6. ASEAN
25.1.7. Rest of Asia Pacific
26. China Gamma Knife Market Analysis and Forecasts, 2022-2029
26.1. Market Size (Value) Estimates & Forecast By Indication’s, 2022-2029
27. India Gamma Knife Market Analysis and Forecasts, 2022-2029
27.1. Market Size (Value) Estimates & Forecast By Indication’s, 2022-2029
28. Japan Gamma Knife Market Analysis and Forecasts, 2022-2029
28.1. Market Size (Value) Estimates & Forecast By Indication’s, 2022-2029
29. South Korea Gamma Knife Market Analysis and Forecasts, 2022-2029
29.1. Market Size (Value) Estimates & Forecast By Indication’s, 2022-2029
30. Australia Gamma Knife Market Analysis and Forecasts, 2022-2029
30.1. Market Size (Value) Estimates & Forecast By Indication’s, 2022-2029
31. ASEAN Gamma Knife Market Analysis and Forecasts, 2022-2029
31.1. Market Size (Value) Estimates & Forecast By Indication’s, 2022-2029
32. Rest of Asia Pacific Gamma Knife Market Analysis and Forecasts, 2022-2029
32.1. Market Size (Value) Estimates & Forecast By Indication’s, 2022-2029
33. Middle East Africa Gamma Knife Market Analysis and Forecasts, 2022-2029
33.1. Market Size (Value) Estimates & Forecast By Indication’s, 2022-2029
34. Middle East Africa Gamma Knife Market Analysis and Forecasts, by Country
34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029
34.1.1. South Africa
34.1.2. GCC Countries
34.1.3. Egypt
34.1.4. Nigeria
34.1.5. Rest of ME&A
35. South Africa Gamma Knife Market Analysis and Forecasts, 2022-2029
35.1. Market Size (Value) Estimates & Forecast By Indication’s, 2022-2029
36. GCC Countries Gamma Knife Market Analysis and Forecasts, 2022-2029
36.1. Market Size (Value) Estimates & Forecast By Indication’s, 2022-2029
37. Egypt Gamma Knife Market Analysis and Forecasts, 2022-2029
37.1. Market Size (Value) Estimates & Forecast By Indication’s, 2022-2029
38. Nigeria Gamma Knife Market Analysis and Forecasts, 2022-2029
38.1. Market Size (Value) Estimates & Forecast By Indication’s, 2022-2029
39. Rest of ME&A Gamma Knife Market Analysis and Forecasts, 2022-2029
39.1. Market Size (Value) Estimates & Forecast By Indication’s, 2022-2029
40. South America Gamma Knife Market Analysis and Forecasts, 2022-2029
40.1. Market Size (Value) Estimates & Forecast By Indication’s, 2022-2029
41. South America Gamma Knife Market Analysis and Forecasts, by Country
41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029
41.1.1. Brazil
41.1.2. Argentina
41.1.3. Rest of South America
42. Brazil Gamma Knife Market Analysis and Forecasts, 2022-2029
42.1. Market Size (Value) Estimates & Forecast By Indication’s, 2022-2029
43. Argentina Gamma Knife Market Analysis and Forecasts, 2022-2029
43.1. Market Size (Value) Estimates & Forecast By Indication’s, 2022-2029
44. Rest of South America Gamma Knife Market Analysis and Forecasts, 2022-2029
44.1. Market Size (Value) Estimates & Forecast By Indication’s, 2022-2029
45. Competitive Landscape
45.1. Geographic Footprint of Major Players in the Gamma Knife Market
45.2. Competition Matrix
45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Fiber Grades, and R&D Investment
45.2.2. New Grade Launches and Grade Enhancements
45.2.3. Market Consolidation
45.2.3.1. M&A by Regions, Investment, and Verticals
45.2.3.2. M&A, Forward Integration and Backward
Integration
45.2.3.3. Partnership, Joint Ventures, and Strategic Alliances/ Sales Agreements
45.3. Company Profile: Key Players
45.3.1. Shanghai Even Medical Instruments Co., Ltd.
45.3.1.1. Company Overview
45.3.1.2. Financial Overview
45.3.1.3. Geographic Footprint
45.3.1.4. Grade Portfolio
45.3.1.5. Business Strategy
45.3.1.6. Recent Developments
45.3.2. Elekta AB
45.3.3. Varian Medical Systems
45.3.4. Cyber Medical Corp.
45.3.5. ET Medical Group
45.3.6. GE Healthcare
45.3.7. Masep Infini Global Inc. Huiheng Medical, Inc
45.3.8. Nordion Inc.,
45.3.9. American Shared Hospital Services
45.3.10. Austromar S.R.O.
45.3.11. Combimar & Agemar SpA
45.3.12. Shine International Transportation
45.3.13. Transglory S.A.
45.3.14. New Lines CO, Ltd
45.3.15. Pacific Star International. China
45.3.16. SHANGHAI SNWI MEDICAL CO., LTD.
45.3.17. Shenzhen Tengfei Yu Technology Co
46.Primary Key Insights
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