Gamma Knife Market size was valued at USD 225.92 Mn in 2023 and the total revenue is expected to grow at 3.7 % through 2024 to 2030, reaching nearly USD 291.35 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.To know about the Research Methodology :- Request Free Sample ReportGamma 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 2023. 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 Market make the report investor’s guide.Gamma Knife Market Scope: Inquire before buying
Gamma Knife Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 225.92 Mn. Forecast Period 2024 to 2030 CAGR: 3.7% Market Size in 2030: USD 291.35 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 (Brazil, Argentina Rest of South America)Gamma Knife Market, 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 2023? Ans: The global Gamma Knife Market value in 2023 was estimated as USD 225.92 Million . 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 291.35 Million by the end of 2030. 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 3.7% in 2023. 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, 2023 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, 2023-2030 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, 2023-2030 6.1. Global Gamma Knife Market Size & Y-o-Y Growth Analysis. 7. Global Gamma Knife Market Analysis and Forecasts, 2023-2030 7.1. Market Size (Value) Estimates & Forecast By Indication, 2023-2030 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, 2023-2030 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, 2023-2030 9.1. Market Size (Value) Estimates & Forecast By Indication, 2023-2030 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, 2023-2030 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Gamma Knife Market Analysis and Forecasts, 2023-2030 11.1. Market Size (Value) Estimates & Forecast By Indication’s, 2023-2030 12. Canada Gamma Knife Market Analysis and Forecasts, 2023-2030 12.1. Market Size (Value) Estimates & Forecast By Indication’s, 2023-2030 13. Mexico Gamma Knife Market Analysis and Forecasts, 2023-2030 13.1. Market Size (Value) Estimates & Forecast By Indication’s, 2023-2030 14. Europe Gamma Knife Market Analysis and Forecasts, 2023-2030 14.1. Market Size (Value) Estimates & Forecast By Indication’s, 2023-2030 15. Europe Gamma Knife Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 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, 2023-2030 16.1. Market Size (Value) Estimates & Forecast By Indication’s, 2023-2030 17. France Gamma Knife Market Analysis and Forecasts, 2023-2030 17.1. Market Size (Value) Estimates & Forecast By Indication’s, 2023-2030 18. Germany Gamma Knife Market Analysis and Forecasts, 2023-2030 18.1. Market Size (Value) Estimates & Forecast By Indication’s, 2023-2030 19. Italy Gamma Knife Market Analysis and Forecasts, 2023-2030 19.1. Market Size (Value) Estimates & Forecast By Indication’s, 2023-2030 20. Spain Gamma Knife Market Analysis and Forecasts, 2023-2030 20.1. Market Size (Value) Estimates & Forecast By Indication’s, 2023-2030 21. Sweden Gamma Knife Market Analysis and Forecasts, 2023-2030 21.1. Market Size (Value) Estimates & Forecast By Indication’s, 2023-2030 22. CIS Countries Gamma Knife Market Analysis and Forecasts, 2023-2030 22.1. Market Size (Value) Estimates & Forecast By Indication’s, 2023-2030 23. Rest of Europe Gamma Knife Market Analysis and Forecasts, 2023-2030 23.1. Market Size (Value) Estimates & Forecast By Indication’s, 2023-2030 24. Asia Pacific Gamma Knife Market Analysis and Forecasts, 2023-2030 24.1. Market Size (Value) Estimates & Forecast By Indication’s, 2023-2030 25. Asia Pacific Gamma Knife Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2023-2030 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, 2023-2030 26.1. Market Size (Value) Estimates & Forecast By Indication’s, 2023-2030 27. India Gamma Knife Market Analysis and Forecasts, 2023-2030 27.1. Market Size (Value) Estimates & Forecast By Indication’s, 2023-2030 28. Japan Gamma Knife Market Analysis and Forecasts, 2023-2030 28.1. Market Size (Value) Estimates & Forecast By Indication’s, 2023-2030 29. South Korea Gamma Knife Market Analysis and Forecasts, 2023-2030 29.1. Market Size (Value) Estimates & Forecast By Indication’s, 2023-2030 30. Australia Gamma Knife Market Analysis and Forecasts, 2023-2030 30.1. Market Size (Value) Estimates & Forecast By Indication’s, 2023-2030 31. ASEAN Gamma Knife Market Analysis and Forecasts, 2023-2030 31.1. Market Size (Value) Estimates & Forecast By Indication’s, 2023-2030 32. Rest of Asia Pacific Gamma Knife Market Analysis and Forecasts, 2023-2030 32.1. Market Size (Value) Estimates & Forecast By Indication’s, 2023-2030 33. Middle East Africa Gamma Knife Market Analysis and Forecasts, 2023-2030 33.1. Market Size (Value) Estimates & Forecast By Indication’s, 2023-2030 34. Middle East Africa Gamma Knife Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 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, 2023-2030 35.1. Market Size (Value) Estimates & Forecast By Indication’s, 2023-2030 36. GCC Countries Gamma Knife Market Analysis and Forecasts, 2023-2030 36.1. Market Size (Value) Estimates & Forecast By Indication’s, 2023-2030 37. Egypt Gamma Knife Market Analysis and Forecasts, 2023-2030 37.1. Market Size (Value) Estimates & Forecast By Indication’s, 2023-2030 38. Nigeria Gamma Knife Market Analysis and Forecasts, 2023-2030 38.1. Market Size (Value) Estimates & Forecast By Indication’s, 2023-2030 39. Rest of ME&A Gamma Knife Market Analysis and Forecasts, 2023-2030 39.1. Market Size (Value) Estimates & Forecast By Indication’s, 2023-2030 40. South America Gamma Knife Market Analysis and Forecasts, 2023-2030 40.1. Market Size (Value) Estimates & Forecast By Indication’s, 2023-2030 41. South America Gamma Knife Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2023-2030 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Gamma Knife Market Analysis and Forecasts, 2023-2030 42.1. Market Size (Value) Estimates & Forecast By Indication’s, 2023-2030 43. Argentina Gamma Knife Market Analysis and Forecasts, 2023-2030 43.1. Market Size (Value) Estimates & Forecast By Indication’s, 2023-2030 44. Rest of South America Gamma Knife Market Analysis and Forecasts, 2023-2030 44.1. Market Size (Value) Estimates & Forecast By Indication’s, 2023-2030 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