Noris Heyman Insights

Gamma Knife Market Outlook and Analysis

Gamma Knife is primarily an advanced radiation treatment approach for patients with small to medium brain tumors, abnormal blood vessel formations and epilepsy. It is also used in neurological conditions including trigeminal neuralgia. Demand for gamma knife is increasing with rise in prevalence rate of brain tumors.

According to Bekryl Market Intelligence firm, the Gamma Knife Market revenue is valued well above US$ 179 Mn in 2018. The firm states device to be highly popular in North America, however, still lags far behind in developing region with higher addressable market. Higher device cost has somewhat slowed the full potential growth. Only multi-chain hospitals and government run medical centers find the device to viable. gamma knife costs near around US$ 5.5 Mn – which is higher than many other allied devices by 28%.Tecnological advancement is expected to lower the prices and will further help in expansion through range of hospitals in near future.

As of 2018, top three players accounted for 92% of global share. There are nearly 350 gamma knife centers available globally, offering treatment to 70 thousand patients each year worldwide.

North America to Dominate the Gamma Knife Market Value

North America gamma knife market is expected to be valued over USD 65 million in 2019. Western Europe and developed regions in Asia Pacific will fall behind North America. Many new centers are expected to emerge in near future with companies focusing on partnership based model to ensure long term supply. Higher demand for gamma knife is attributed to the good government insurance policies and higher healthcare expenditure (18%). In Asia Pacific, China and India will account for major share. Healthcare spending in these countries is increasing. Moreover, there has been surge in FDI in last five years. Specialized Multi-chains hospitals is increasing  along with rise in medical tourism. All these factors are expected to play a key role in overall these regions are well known for medical tourism.

Global Gamma Knife Market Size and Forecast: Competition Landscape

Some key players covered in the report are Elekta, Varian Medical Systems, and Huiheng Medical, Inc. Elekta is the global leader with good presence in North America and Europe.

Gamma Knife Market Research Scope

Bekryl has analyzed gamma knife revenue based on its end-use purchase and application

By Therapeutic Application:

• Tumors
  • Brain Metastasis
  • Acoustic Neuroma
  • Pituitary Adenoma
  • Glioblastoma
  • Meningioma
  • Others
• Pain and Movement Disorders
  • Essential Tremor
  • Trigeminal Neuralgia
• Vascular
  • Arteriovenous Malformation
  • Others

By End-use

• Gamma Knife Centers
• Hospitals
• Others

To access more industry related insights, visit: https://bekryl.com/industry-trends/gamma-knife-market-share-analysis

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