Gamma Knife Market

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.

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.

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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.

Sabyasachi Ghosh

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