Gamma Knife Market Business Strategies, Revenue And Growth Rate Upto 2029

Published: 2024-07-12
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Author: Pujammr
Published in: Health & Fitness

Gamma Knife Market Business Strategies, Revenue And Growth Rate Upto 2029

Gamma Knife Market Growth or Demand Increase or Decrease for what contains ?

The Gamma Knife market is projected to grow steadily. The market size was valued at US$ 217.87 million in 2022 and is expected to reach nearly US$ 280.96 million by 2029, growing at a CAGR of 3.7% during the forecast period (2023-2029).

The rising frequency of cancer, brain tumours, and neurological disorders, as well as the increased use of gamma knife equipment in surgical facilities due to a growing preference for less intrusive surgeries, are projected to drive the market. Furthermore, technological advancements and upgrades are expected to drive the industry forward.

The global prevalence of neurological diseases such brain tumours and epilepsy is steadily increasing. According to data given by the American Brain Tumour Association (ABTA) in 2017, around 7,00,000 people in the United States have a brain tumour, with nearly 80,000 new primary brain tumour cases diagnosed year. The two most prevalent types of tumours are non-malignant and malignant. In 2018, cancer was the world's second largest cause of death, killing almost 9.0 million people. Cancer incidence is expected to increase by 70% over the next two decades, according to WHO forecasts.

Gamma Knife Market CAGR Estimation:

Gamma Knife Market size was valued at US$ 217.87 Mn in 2022 and the total revenue is expected to grow at 3.7 % through 2023 to 2029, reaching nearly US$ 280.96 Mn.

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Gamma Knife Market Segmentation:

By Product:

Malignant Tumors
Benign Tumors
Vascular Disorders
Functional Disorders
Ocular Diseases

The malignant tumours category is expected to follow the rise of the Gamma Knife Market.

Malignant tumours generated the biggest revenue share of 36.4% in 2019. Gamma knife therapy is used in addition to other treatments for primary malignant brain tumours. Traditional surgical treatment techniques are often preferred over fractionated external beam radiation therapy. Furthermore, the rising prevalence of primary brain tumours is likely to drive up demand over the forecast period. Furthermore, gamma knife therapy's advantages over alternative treatment choices, such as improved accuracy, precision, and treatment safety, are projected to increase demand in surgical centres. It does not require an incision, unlike more invasive surgical procedures, which is likely to increase demand.

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Gamma Knife Market Overview:

The Maximise Market Research research gives clients a thorough overview of the competitive landscape and serves as a valuable resource for strategic planning. The thorough Gamma Knife Market overview contains detailed information on market size, trade statistics, key players, and a variety of industry indicators such as the life cycle and current trends.

Gamma Knife Market Growth or Demand in which regions??

Asia Pacific:
- Dominated the market with a 41.6% revenue share in 2019.
- Expected to be the fastest-growing region with a growth rate of 4.1%.
- Factors: High prevalence of brain tumors, increased awareness among healthcare professionals, high adoption of non-invasive treatment options, improved healthcare infrastructure.
- Japan holds the largest revenue share in this region due to increased disease load and higher prevalence of cancer and brain tumors.
North America:
- Significant market due to the high prevalence of brain tumors and neurological disorders.
- Strong healthcare infrastructure and high adoption of advanced medical technologies contribute to the growth.
Europe:
- Considerable market share due to advanced healthcare systems and increased awareness about non-invasive treatment options.
- Countries like Germany, France, and the UK are key contributors to the market growth.
Middle East and Africa:
- Growing market with increasing adoption of advanced medical technologies.
- Healthcare infrastructure is gradually improving, leading to better market penetration.

Gamma Knife Market Scope Methodology:

The Gamma Knife market is competitive in terms of technical adoption, financial strength, portfolio, mergers and acquisitions, joint ventures, and strategic alliances. A comprehensive analysis of the Gamma Knife Market's drivers, limitations, opportunities, and problems. The Gamma Knife market estimates and growth rates were obtained using a bottom-up methodology.

To obtain insight into Gamma Knife Market penetration, pricing dynamics, demand analysis, and competitive landscape, the study did regional analysis at the local, regional, and worldwide levels. Essential information about the Gamma Knife Market, including players, investors, and new entrants, is provided to help with the creation of marketing strategies and investment plans.

The Gamma Knife Market was investigated using both primary and secondary data collection techniques. Primary methods included surveys, questionnaires, and interviews with industry executives and business owners, while secondary data sources included news announcements, annual and financial reports, white papers, and so on. The SWOT analysis was used to identify market vulnerabilities and weaknesses, and the PORTER framework was used to assess industry competitiveness in the energy-efficient lighting market.

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Gamma Knife Market Key Players:

1. Elekta AB
2. Varian Medical Systems
3. Cyber Medical Corp.
4. ET Medical Group
5. GE Healthcare
6. Masep Infini Global Inc. Huiheng Medical, Inc
7. Nordion Inc.,
8. American Shared Hospital Services
9. Austromar S.R.O.
10. Combimar & Agemar SpA
11. Shine International Transportation
12. Transglory S.A.
13. New Lines CO, Ltd
14. Pacific Star International. China
15. SHANGHAI SNWI MEDICAL CO., LTD.
16. Shenzhen Tengfei Yu Technology Co., Ltd.
17. Shanghai Even Medical Instruments Co., Ltd.

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Key questions answered in the Gamma Knife Market are:

What is Gamma Knife Market?
What is the growth rate of the Gamma Knife Market?
Which are the factors expected to drive the Gamma Knife Market growth?
What are the different segments of the Gamma Knife Market?
What are the factors restraining the growth of the Gamma Knife Market?
What is the demand pattern of the Gamma Knife Market?
What major challenges could the Gamma Knife Market face in the future?

Key Offerings:

Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size Forecast by different segment |
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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