Gamma Knife Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Gamma Knife Market is estimated to be USD 229.55 billion in 2018 and predicted to rise to USD 349.2 million by 2023 with a CAGR of 8.79%. The market is divided by Disease Indication (Brain Metastasis, Cancer, Trigeminal Neuralgia, AVM and Others). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The driving factors of global Gamma Knife market are growing prevalence of cancer, obesity and rising aging population. Also, growing number of initiatives which are undertaken by several government associations and the state of the art features of Gamma Knife systems are also propelling the growth of the market. However, the market is constrained by factors such as prolonged approval time for Gamma Knife systems and stringent regulatory framework, high price of implementation and shortage of skilled manpower among others.
The global Gamma Knife market is segmented based on disease indication into brain metastasis, cancer, Trigeminal Neuralgia, AVM and others (pituitary tumour, acoustic neuroma, epilepsy, and Parkinson’s). Brain metastasis holds the largest market share for gamma knife, accounting to more than sixty percent of share. The others segment is expected to grow at the fastest rate during the forecast period.
The Global Gamma Knife market is divided based on geography into North America, Latin America, Asia-Pacific, Middle East and Africa and Europe. North America has the leading market for Gamma Knife in the world, which is followed by Asia Pacific and Europe regions. Asia Pacific region is expected to have the fastest growth rate during the forecast period, which can be owed to rising patient base and growing economies in countries such as India and China. During the forecast period, Asia Pacific region is expected to overtake North America region in share.
Some of the major players in the market are Varian Medical Systems, Elekta AB, Cyber Medical Corporation Ltd., Huiheng Medical Inc., Masep Infini Global, Inc., Hokai, Nordion Inc., ET Medical group and American Shared Hospital Services among others.