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Gamma Knife Market

Market Insights on Gamma Knife covering sales outlook, demand forecast & up-to-date key trends

Gamma Knife Market by Disease Indication (Brain Metastasis, Cancer, Arteriovenous Malformation (AVM), Trigeminal Neuralgia), Anatomy (Head, Neck, Other Body Parts) & Region - Forecast to 2021-2031

Gamma Knife Market Snapshot

[200 Pages Report]  The Gamma Knife Market is expected to surpass US$ 287.3 Mn in 2021, according to Future Market Insights (FMI) analysis. Exhibiting a CAGR of 5.90% between 2021 and 2031, the market is expected to reach US$ 507.0 Mn by 2031.

Growth predictions remain steady for Europe due to surge in demand from hospitals and clinics in EU5 countries. FMI has forecast Germany to account for 20% of the gamma knife in Europe. The demand for gamma knife will accelerate with the tier-1 players holding 60-65% of gamma knife market in 2021.

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Key Points Covered in Gamma Knife Market Research

  • Gamma Knife Market Estimates And Forecast 2021 - 2031
  • Key drivers and restraints impacting the Gamma Knife Market growth
  • Segment wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Market And How to Navigate
  • Recommendations on Key Winning Strategies

Gamma Knife Market Future Outlook for 2021-2031 in Comparison to Historic Sales

The global gamma knife market is anticipated to register a CAGR of 5.90% over the forecast period. Rising demand for cutting-edge technologies to operate tumors detected in spine, neck and head is anticipated to drive growth of the gamma knife market over the forecast period.

Growing methodical use of integrated imaging software to keep a constant check on amount of dose delivery is expected to fuel demand for gamma knife in the assessment period. The market also will gain from the rapid development in radiation devices and innovations to ensure minimal invasions and reduced postsurgical complications in surgery.

Gamma Knife Market Download Report Brochure

Some of the leading companies are focusing on innovations to offer advanced patient care. For instance, Elekta, a key leader in precision radiation medicine announced the launch of its new Leksell Gamma Knife Lightning, a leading edge innovation for intracranial stereotactic radiosurgery.

This innovation completely aligns with Elekta’s developmental strategy focused on contributing in the healthcare sector by enhancing operational efficiency, minimizing drafting time and equipping physicians to concentrate significantly on patient-centric care.

Besides this, focus on acquisitions and collaborations is expected to increase in the coming years. For instance, Brainlab, a digital medical technology company announced the acquisition of Mint Medical GmbH, a medical technology company proficient in manufacturing image reading and reporting software for clinical routine and research. This acquisition will foster growth in the automation of radiology reports through AI anatomical mapping and formulation of holistic data.

Gamma Knife Market Overview

On the back of exhaustive research on its efficacy and high success rate, Gamma Knife continues to gain traction among healthcare centres as a highly effective radiosurgery system.

Linear Accelerator (LINAC) remains the widely used radiation therapy treatment procedure – nearly 50% of patients undergoing radiation therapy were treated using LINAC.

Gamma Knife and Cyber Knife are the two widely used stereotactic radiation therapy procedures. Global Gamma Knife equipment revenues were estimated at US$ 172 million in 2015, and the market is expected to increase at a compound annual growth rate (CAGR) of 9.1% through 2025. The key factors expected to drive adoption of Gamma Knife include,

  • Increase preference toward non- and minimally-invasive procedures
  • High success rate of Gamma Knife treatment
  • Positive perception among healthcare providers (over 2,800 peer reviewed journal articles)
  • Focus on developed novel treatment procedures for neurological disorders
  • Comprehensive health insurance cover for radiation therapy

(Detailed analysis of key drivers available in the report)

Although Gamma Knife has proven to be a highly effective treatment option, high cost, low equipment availability, and lack of awareness in developing markets can inhibit adoption.

 The cost of a Gamma Knife is in the range of US$ 4 Mn to US$ 5 Mn, with additional setup costs of US$ 1 Mn to US$ 2 Mn. Total investment in procuring a machine can add up to US$ 7 Mn. The high cost of Gamma Knife has remained a longstanding challenge, however, it is expected that technological advancement will lead to cost reduction in the future.

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Principal Consultant
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Gamma Knife Market Analysis by Disease Indication

Gamma Knife is currently being used in treating a wide range of disease indications. The key disease indications include,

  • Brain metastasis – 68.5% revenue share of the global Gamma Knife Market
  • Cancer
  • AVM (arteriovenous malformation)
  • Trigeminal Neuralgia
  • Others (pituitary tumour, epilepsy, acoustic neuroma, and Parkinson’s)

While brain metastasis will continue to be the leading disease indication for Gamma Knife, the others segment (pituitary tumour, epilepsy, acoustic neuroma, and Parkinson’s) is projected to increase at the highest CAGR during the forecast period.

Asia Pacific will Pip North America to Become the Largest Gamma Knife Market

On the back of strong adoption in the U.S. healthcare sector, North America has remained the largest Gamma Knife Market. However, during the forecast period 2015-2025, Asia Pacific will emerge as the most lucrative market, driven by robust adoption of Gamma Knife in China, India, Japan, and South Korea. North America’s revenue share will decrease to 25% in 2025, 4% lower than the current revenue share.

 The Gamma Knife market in Europe will continue to remain steady, with hospitals and clinics in EU5 countries accounting for the bulk of demand. Gamma Knife market in Middle East & Africa (MEA) and Latin America will grow at high CAGR owing to the small base of market in these regions.

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Leading Gamma Knife Equipment Manufacturers

Elekta, Varian Medical Systems, and Huiheng Medical, Inc. are the top three Gamma Knife equipment manufacturers. While Elekta and Varian Medical Systems have a strong presence in North America and Europe, China-based Huiheng Medical, Inc. caters mainly to healthcare centres in Asia Pacific. A detailed analysis on the competitive landscape is included in the report.

Gamma Knife Market - Key Segment

By Disease Indication:

  • Brain Metastasis
  • Cancer
  • Arteriovenous Malformation (AVM)
  • Trigeminal Neuralgia
  • Others

By Anatomy:

  • Head
  • Neck
  • Other Body Parts

By Geography:

  • North America
  • Europe
  • APAC
  • Latin America
  • Middle East and Africa

Frequently Asked Questions

The global gamma knife market will reach a valuation of US$ 287.3 Mn in 2021, growing at CAGR of 5.90% between 2021 and 2031.  

The gamma knife market exhibited growth at 7.06% CAGR between 2016 and 2020.

The combined market share of tier-1 players stood at 60-65% of the overall market.

The demand for gamma knife is expected to grow at 26% in North America between 2021 and 2031.

In 2021, Germany will account for approximately 20% share of gamma knife in the European region.

U.S., China, Germany, Japan, and U.K. are driving demand for gamma knife.

Growth of ageing population, growing demand for less time consuming treatments, increasing incidence of cancer, shift towards painless and non-invasive surgeries and high success rate of gamma knife radiosurgery technique are the key growth drivers.

Rising technological advancements, growing dependency on cobalt, expanding geriatric patient treatment service & delivery and regulation of government policies are key trends observed in the market.

Global share cumulatively for Japan and South Korea in the gamma knife market is 4-5%.

Table of Content

1. Research Methodology

2. Assumptions & Acronyms Used

3. Executive Summary

4. Gamma Knife Market Overview

     4.1 Introduction

           4.1.1 Market Definition

           4.1.2 Market Taxonomy

     4.2 Parent Market Overview

     4.3 Gamma Knife Overall Market Overview

           4.3.1 Y-o-Y Growth

           4.3.2 Absolute $ Opportunity

     4.4 Market Dynamics

           4.4.1 Market Drivers

           4.4.2 Market Restraints

           4.4.3 Impact Analysis

     4.5 Market Trends

5. Gamma Knife Market Analysis and Forecast By Disease Indication

     5.1 Introduction

           5.1.1 Y-o-Y Growth Comparison By Disease Indication

           5.1.2 Basis Point Share (BPS) Analysis By Disease Indication

     5.2 Gamma Knife Market Analysis and Forecast By Disease Indication

           5.2.1 Brain Metastasis

           5.2.2 Cancer

           5.2.3 Arteriovenous Malformation (AVM)

           5.2.4. Trigeminal Neuralgia

           5.2.5. Others

     5.3 Gamma Knife Market Attractiveness Analysis By Disease Indication

     5.4 Gamma Knife Market Trends By Disease Indication

6. Gamma Knife Market Analysis and Forecast By Anatomy

     6.1 Introduction

           6.1.1 Y-o-Y Growth Comparison By Anatomy

           6.1.2 Basis Point Share (BPS) Analysis By Anatomy

     6.2 Gamma Knife Market Analysis and Forecast By Anatomy

           6.2.1 Head

           6.2.2 Neck

           6.2.3 Other Body Parts

     6.3 Gamma Knife Market Attractiveness Analysis By Anatomy

     6.4 Gamma Knife Market Trends By Anatomy

7. Gamma Knife Market Analysis and Forecast By Geography

     7.1 Introduction

           7.1.1 Y-o-Y Growth Comparison By Geography

           7.1.2 Basis Point Share (BPS) Analysis By Geography

     7.2 Market Size Forecast By Geography

           7.2.1 North America

           7.2.2 Europe

           7.2.3 APAC

           7.2.4 Latin America

           7.2.5 Middle East and Africa

       7.3 Gamma Knife Market Attractiveness Analysis By Geography

       7.4 Gamma Knife Market Trends By Geography

8. Competitive Landscape

   8.1 Competition Dashboard

           8.1.1 Company Profiles (Details - Overview, Financials, Product Portfolio, Strategy)

                     8.1.1.1 Elekta AB

                     8.1.1.2 Varian Medical Systems, Inc.

                     8.1.1.3 Huiheng Medical, Inc.

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List of Tables

Table 1: Global Gamma Knife Market Value (US$ Mn) Forecast By Disease Indication, 2014–2025

Table 2: Global Gamma Knife Market Value (US$ Mn) Forecast By Anatomy, 2014–2025

Table 3: Global Gamma Knife Market Value (US$ Mn) Forecast By Geography, 2014–2025

Sabyasachi Ghosh
Principal Consultant
LinkedIn
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List of Charts

Figure 1: Global Gamma Knife Market Value Forecast & Y-o-Y Growth, 2012–2025 (US$ Mn)

Figure 2: Global Gamma Knife Market Absolute $ Opportunity, 2012–2025 (US$ Mn)

Figure 3: Global Gamma Knife Market Share By Value and BPS Analysis By Disease Indication, 2014 & 2025

Figure 4: Global Gamma Knife Market Y-o-Y Growth Comparison Disease Indication, 2014–2025

Figure 5: Global Gamma Knife Market By Brain Metastasis, Market Value Forecast (US$ Mn), 2014–2025

Figure 6: Global Gamma Knife Market By Brain Metastasis, Market Value Forecast and Absolute $ Opportunity (US$ Mn), 2014–2025

Figure 7: Global Gamma Knife Market By Cancer, Market Value Forecast (US$ Mn), 2014–2025

Figure 8: Global Gamma Knife Market By Cancer, Market Value Forecast and Absolute $ Opportunity (US$ Mn), 2014–2025

Figure 9: Global Gamma Knife Market By AVM, Market Value Forecast (US$ Mn), 2014–2025

Figure 10: Global Gamma Knife Market By AVM, Market Value Forecast and Absolute $ Opportunity (US$ Mn), 2014–2025

Figure 11: Global Gamma Knife Market By Trigeminal Neuralgia, Market Value Forecast (US$ Mn), 2014–2025

Figure 12: Global Gamma Knife Market By Trigeminal Neuralgia, Market Value Forecast and Absolute $ Opportunity (US$ Mn), 2014–2025

Figure 13: Global Gamma Knife Market, By Others, Market Value Forecast, 2014–2025

Figure 14: Global Gamma Knife Market, By Others, Market Value Forecast and Absolute $ Opportunity (US$ Mn), 2014–2025

Figure 15: Global Gamma Knife Market Attractiveness By Application Type, 2015–2025

Figure 16: Global Gamma Knife Market Share By Value and BPS Analysis, By Anatomy, 2014 & 2025

Figure 17: Global Gamma Knife Market Y-o-Y Growth Comparison, By Anatomy, 2014–2025

Figure 19: Global Gamma Knife Market By Head Treatment, Market Value Forecast and Absolute $ Opportunity (US$ Mn), 2014–2025

Figure 20: Global Gamma Knife Market By Neck Treatment, Market Value Forecast (US$ Mn), 2014–2025

Figure 21: Global Gamma Knife Market By Neck Treatment, Market Value Forecast and Absolute $ Opportunity (US$ Mn), 2014–2025

Figure 22: Global Gamma Knife Market By Other Body Parts Treatment, Market Value Forecast (US$ Mn), 2014–2025

Figure 23: Global Gamma Knife Market By Other Body Parts Treatment, Market Value Forecast (US$ Mn), 2014–2025

Figure 24: Global Gamma Knife Market Attractiveness By Anatomy, 2015–2025

Figure 25: Global Gamma Knife Market Share by Value & BPS Analysis By Geography, 2014–2025

Figure 26: Global Gamma Knife Market Value, Y-o-Y Growth Comparison By Geography, 2014–2025

Figure 27: North America Gamma Knife Market Value Forecast (US$ Mn), 2014–2025

Figure 28: North America Gamma Knife Market Value Forecast and Absolute $ Opportunity (US$ Mn), 2014–2025

Figure 29: Europe Gamma Knife Market Value Forecast (US$ Mn), 2014–2025

Figure 30: Europe Gamma Knife Market Value Forecast and Absolute $ Opportunity (US$ Mn), 2014–2025

Figure 31: APAC Gamma Knife Market Value Forecast, 2014–2025 (US$ Mn)

Figure 32: APAC Gamma Knife Market Value Forecast and Absolute $ Opportunity, 2014–2025 (US$ Mn)

Figure 33: Latin America Gamma Knife Market Value Forecast, 2014–2025 (US$ Mn)

Figure 34: Latin America Gamma Knife Market Value Forecast and Absolute $ Opportunity, 2014–2025 (US$ Mn)

Figure 35: MEA Gamma Knife Value Forecast, 2014–2025 (US$ Mn)

Figure 36: MEA Gamma Knife Market Value Forecast and Absolute $ Opportunity, 2014–2025 (US$ Mn)

Figure 37: Global Gamma Knife Market Attractiveness By Geography, 2015–2025

 

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