The global Gamma Knife Market size is expected to reach USD 626.4 million by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.0% from 2022 to 2030. The increasing prevalence of cancer, brain tumors, and other neurological diseases, rising adoption of these instruments in surgery centers, growing preference for Minimally Invasive Surgeries (MIS), and technological advancements in the device are among few factors expected to drive the market.
Gamma knife therapy is used for the treatment of
various brain and neurological disorders such as brain tumors, brain
metastases, epilepsy, and arteriovenous malformations. Demand for these
instruments in surgery centers is growing due to their various advantages such
as safety, micro-precision, lack of postsurgical complications, and lack of
incisions.
Technological advancements have improved precision in
surgery. For instance, the up-gradation of Leksell Gamma Knife models U, B,
C/4C, and Perfexion to Icon provided micro-precision in surgery and boosted the
adoption of this device in surgery centers. According to reports published by
Elekta AB, approximately 70,000 patients undergo gamma knife surgery each year.
This number is expected to increase over the forecast period owing to the
rising prevalence of target diseases and increasing preference for MIS.
In addition, the growing demand for MIS over open
surgeries is one of the key factors responsible for increasing the adoption of
this therapy. Gamma knife treatment procedure results in fewer traumas and
faster recovery as compared to open surgeries. It helps reduce hospital stays,
thus ensuring economic viability and reduction in medical expenses. Lack of
incisions and post-surgical complications are key factors responsible for
boosting the demand for minimally invasive surgeries.
Related Press Release@ Gamma Knife Market Report
Gamma Knife Market Report
Highlights
- Malignant tumors emerged as the largest indication segment in 2021.
The functional disorders segment is anticipated to witness the fastest
growth over the forecast period
- The Asia Pacific held the largest revenue share in 2021 owing to
the rising incidence of cancer, developments in healthcare infrastructure,
and rapid economic development across major emerging economies
- Elekta AB is the only player operating in this market since Gamma
Knife is a patent-protected trademark product of the company
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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