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Gamma Knife Market

Added: (Tue Jul 09 2019)

Pressbox (Press Release) - The Gamma Knife market is witnessing significant growth due to the increasing prevalence of cancer and obesity and the growing aging population.
The Gamma Knife Market Size, Share and Growth
The Gamma Knife Market was worth $229.55million in 2018 and is expected to reach $349.8 million by 2023, with a CAGR of 8.79% from 2018 to 2023.
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The Gamma Knife Market Overview:
Radiotherapy is a procedure that involves accurately delivering high doses of radiation to tumors and other relevant anatomical targets. Radiosurgery with Gamma Knife is an essential form of radiotherapy. It is mainly used to treat brain tumors, arteriovenous malformations, trigeminal neuralgia, acoustic neuroma, and pituitary tumors. In surgery with Gamma Knife, the specialized team concentrates about 200 small radiation beams in a tumor or other specific cells. These packages deliver high doses of radiation to targeted tumor cells with refined precision. This effectively means that the surrounding healthy tissues are exposed to minimal or no radiation.
The Gamma Knife Market Drivers and Restraints:
Globally, the Gamma Knife market is witnessing significant growth due to the increasing prevalence of cancer and obesity and the growing aging population. Besides, rising number of initiatives undertaken by various government associations and the advanced features of Gamma Knife systems are also driving the growth of the market. However, stringent regulatory requirements and prolonged approval time for Gamma Knife systems and high cost of implementation and shortage of skilled workforce inhibit the growth of the market.
The Gamma Knife Market segmented as:
By Disease Indication:
• Brain Metastasis
• Cancer
• Trigeminal Neuralgia
• AVM (Arteriovenous Malformation)
• Others
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Geographical segmentation:
Geographically, the gamma knife market is classified into five regions: North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. North America ranks first in the market, followed by the other developed region, Europe. The United States is an essential part of the world market. According to the American Cancer Society, in 2016, approximately 1,685,210 new cases of cancer were diagnosed. Advanced technologies, high awareness and high purchasing power in North America have significantly influenced the development of the gamma knife technology market. However, the same affordability factor has limited markets in developing regions. Despite this, the gamma-gamma market in Asia-Pacific has registered a significant increase in its growth rate. The increase in population, the increase in disposable income, the increase in the geriatric population and the increase in awareness are key factors in the Asia-Pacific market. Due to these factors, the Asian market is seeing a large number of new entrants compared to the developed regions.
Key Market Players:
The major players in the gamma knife market include Elekta, Varian Medical Systems, Huiheng Medical, Inc., Nordion Inc., ET Medical Group, and American Shared Hospital Services.
The Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along with this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed, and the prospects with colossal growth potential identified and debated.
About Us:
Market Data Forecast is a firm working in the areas of market research, business intelligence and research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
For more information:
Abhishek Shukla
Sales Manager at Market Data Forecast
Email: abhishek@marketdataforecast.com
Tel: +1-888-702-9626
Website: https://www.marketdataforecast.com/

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