Gamma Knife Market by 2023 to 2033: Top Challenges and Opportunities

The global gamma knife market is on a significant growth trajectory, with market size projections reaching USD 702.5 million by 2033, up from USD 337.7 million in 2023. This robust growth reflects a compound annual growth rate (CAGR) of 7.6% from 2023 to 2033, driven by expanding applications, favorable reimbursement policies, and growth in emerging healthcare markets.

Key Market Drivers and Trends:

The rising adoption of gamma knife technology is attributed to several key trends:

  • Favorable Reimbursement Policies: In various regions, improved reimbursement policies are making gamma knife treatment more affordable and accessible. This trend is enhancing patient access to gamma knife technology and spurring wider adoption across the globe.
  • Expanding Applications: Originally employed primarily for brain tumor treatment, gamma knife technology is now being utilized for a broader range of neurological conditions, including arteriovenous malformations (AVMs), trigeminal neuralgia, and epilepsy. This expanded use case is anticipated to further drive market growth over the coming decade.
  • Emerging Market Opportunities: Emerging economies, especially in Asia and Latin America, are experiencing substantial investments in healthcare infrastructure. This development opens up new growth opportunities for gamma knife technology providers to expand their footprint and improve treatment accessibility in these regions.
  • Collaborative Efforts with Healthcare Institutions: Manufacturers are increasingly forming partnerships with healthcare providers to promote gamma knife technology, offer training for medical professionals, and increase overall accessibility. These collaborations are crucial in strengthening the presence of gamma knife solutions within healthcare systems worldwide.

Market Outlook:

The gamma knife market’s promising outlook is propelled by innovation and increasing demand for minimally invasive neurosurgical treatments. With the continued development of healthcare infrastructure and expanding applications, gamma knife technology is positioned as a critical tool in advanced neurological care.

Rising Demand for Market Data: Our Full Report Offers Deep Insights and Trend Analysis!

Key Takeaways from the Market Study:

·         Global gamma knife market was valued at USD 313.8 million by 2022-end.

·         From 2018 to 2022, the market demand expanded at a CAGR of 7.2%.

·         The market in India is expected to expand at a CAGR of 11.4% through 2033.

·         By disease, the brain metastases segment to account for a share of 69.2% in 2033.

·         From 2023 to 2033, gamma knife market is expected to flourish at a CAGR of 7.6%.

·         By 2033, the market value of gamma knife is expected to reach USD 702.5 million.

Gamma knife can complement regenerative medicine and stem cell therapies by providing a precise means of targeting specific areas in the brain for treatment, remarks an FMI analyst.

Competitive Landscape:

Prominent players in the gamma knife market are 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, and Hitachi, Ltd., among others.

Recent Developments:

·        In 2023, Varian announced the launch of its new Varian gamma knife icon system. The system features a more compact design, improved image guidance, and a faster treatment delivery system.

·        In 2022, Akesis announced the launch of its new Akesis Galaxy SRS system. The system is the first and only gamma knife system to use a linear accelerator instead of a cobalt 60 source.

Segmentation Analysis of the Gamma Knife Market

By Disease Indication:

·         Brain Metastasis

·         Cancer

·         Arteriovenous Malformation

·         Trigeminal Neuralgia

·         Others

By Anatomy:

·         Head

·         Neck

·         Other Body Parts

By Region:

·         North America

·         Latin America

·         Western Europe

·         Eastern Europe

·         South Asia & Pacific

·         East Asia

The Middle East & Africa

Comments

Post a Comment

Popular posts from this blog

Teleradiology Services Market Analysis And Demand With Forecast Overview To 2032

Image
 In 2022, it is expected that the Teleradiology Services Market would be worth around US$ 31,880.57 Million. By 2032, it is anticipated that the market for teleradiology services would reach US$5,598.3 Million. with a 19% CAGR growth forecast through 2032. The global Teleradiology Services Market is estimated to reach a market valuation of US$ 1,971.4 Million by the end of 2016 and register a CAGR of 21.0% over the forecast period (2016–2026). The growth of this market can be attributed to the favorable government initiatives regarding the adoption of teleradiology in order to provide early disease diagnosis. Besides, the application of modern-day technologies such as the adoption of cloud-based technologies, blockchain, and cryptocurrencies will lead to better efficiency and cost-effective solutions. Increasing Investments for the development of advanced solutions is augmenting the demand for the industry. Request Sample PDF Brochure: https://www.futuremarketinsights.com/reports/...
Read more

Non-Vascular Stents Market to 2032 – Global Analysis and Forecasts by Types, Technologies, Applications and End-User Verticals

Image
 The Non-Vascular Stents Market is expected to grow at a CAGR of  4.5%  over the forecast period. (2022 - 2032). The sector is expected to be valued at  US$ 1.21 billion  in 2022 and  US$ 1.9 billion by 2032. The global non-vascular stents market is expected to move forward in response to the growing demand for minimally-invasive procedures. Rising technological and material advancements are assisting in the development of specially designed stents for use in a variety of indications thereby fueling the overall non-vascular stents market growth. Non-vascular stents use small, precise incisions, resulting in scars that are smaller and less visible than those left by traditional surgical techniques, putting the patient's safety in jeopardy. The above-mentioned feature is anticipated to provide impetus to the non-vascular stents market adoption trends in coming years. Such a surgery is associated with a faster recovery period, resulting in a shorter hospital ...
Read more

From X-rays to AI: Veterinary Imaging Innovations of the Next Decade By 2022 to 2030

Image
  Between 2022 and 2030, the global veterinary imaging industry is expected to grow at a CAGR of 6.6%, from US$ 2.02 billion in 2022 to US$ 3.37 billion by 2030. A study by Future Industry Insights (FMI) predicted that by 2030, the worldwide veterinary imaging industry would bring in US$ 3.37 billion. The research study looks at the market development for veterinary imaging through 2030 in more than 20 nations. The report offers precise insights into some of the key players in the industry's crucial business strategies. According to the poll, investments are being made in the veterinary diagnostics industry as the trend towards pet humanization picks up speed. Additionally likely to fuel industry growth are governmental rules and a greater emphasis on preserving animal health. Request A Report Sample To Gain Comprehensive Insights! https://www.futuremarketinsights.com/reports/sample/rep-gb-12368 Growth will also be fueled by the expansion of the animal and pet care industry as a w...
Read more