Gamma Knife Market Size, Share, Growth, Report 2032

Gamma Knife Market: Industry Perspective

The global gamma knife market size was worth around USD 444.6 million in 2023 and is predicted to grow to around USD 696.7 million by 2032 with a compound annual growth rate (CAGR) of roughly 5.24% between 2024 and 2032. The report offers an assessment and analysis of the Gamma Knife market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data.

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Gamma Knife Market: Introduction

Gamma knife is an advanced kind of radiation treatment for children as well as adults having small to medium brain tumors, epilepsy, arteriovenous malformations, trigeminal neuralgia, and a nerve condition causing chronic pain. Moreover, a gamma knife is a beam of highly focused gamma rays that destroy the damaged tissues or tumors in the brain. Patients affected due to severe ailments are treated with the help of gamma knife technology as it is a non-invasive procedure and helps reduce hospital stays for an extended duration. Reportedly, this technique of radiosurgery is preferred over other invasive techniques across the globe and has gained immense popularity & acceptance across the global healthcare sector.

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Gamma Knife Market: Growth Dynamics

A rise in the occurrence of cancer and a growing inclination towards minimally invasive surgical procedures will drive the market trends.  Apart from this, the rise in the aging populace prone to chronic ailments will pave the way for the growth of the market shortly. In addition to this, the burgeoning use of gamma knife therapy for treating neurological disorders will embellish the business growth in the years to come. Moreover, it is safe, causes lesser damage to tissues in the vicinity, and offers micro precision during the treatment of neurological diseases.

Reportedly, rise in the popularity of the Leksell gamma knife icon and constant advancement witnessed in the gamma knife techniques will prompt the surge in the industry progression in the years to come. Nonetheless, a huge gap between the demand & supply of gamma knife techniques in African countries and the high cost of these techniques as well as low awareness about the techniques in emerging economies will obstruct the growth of the market in the years ahead.

Gamma Knife Market: Report Scope

Asia Pacific Market Size To Reach Scalable Heights Over Forecast Timespan

The growth of the market in Asia Pacific over the estimated timespan is due to growing awareness about the benefits of the technique and the entry of new players in the business. In addition to this, improvement in healthcare facilities and acceptance of stereotactic surgeries in the region will further drive the industry growth in Asia Pacific. Countries like South Korea, China, Japan, Thailand, and India are predicted to be key regional revenue pockets over the forecast timespan.

Gamma Knife Market: Competitive Analysis

The global gamma knife market is dominated by players like:

• Nordion Inc.
• Varian Medical Systems
• American Shared Hospital Services
• Elekta
• Huiheng Medical, Inc.
• ET Medical Group

The global gamma knife market is segmented as follows:

By Application Segment Analysis

• Brain Tumors
• Arteriovenous Malformations
• Trigeminal Neuralgia
• Brain Metastases

By Anatomy Segment Analysis

• Neck
• Head
• Others

By Region Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa