The increasing prevalence of neurological disorders and growing aging population around the world are the predominant growth drivers for the global gamma knife market.
In addition, the technological advancement in radiosurgery systems including gamma knife, and initiatives taken by various government associations to raise awareness about therapeutic applications of radiation therapy systems in the treatment of brain tumors are also driving the growth of the global gamma knife market. In terms of therapeutic applications, brain metastases hold the largest share in the global gamma knife market.
On the basis of anatomy, head is the largest and fastest growing segment in the global gamma knife market.
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Gamma Knife uses tiny beams of radiation for the treatment of tumor and carcinogenic regions of the body. It is most often used in the treatment of neurological conditions, such as brain metastases, acoustic neuroma, and trigeminal neuralgia.
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North America and Europe are the major markets of gamma knife, due to the improved healthcare infrastructure and growing demand for radiosurgery systems. The U.S., followed by Canada, is the largest market for gamma knife in North America.
Whereas, Germany, the U.K., France, and Italy are some of the major countries holding significant shares in the European gamma knife market.
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Apart from these regions, Latin America is other important market for gamma knife. This is due to increasing R&D investments in the manufacturing of radiosurgery equipment within the low manufacturing cost regions, including Latin America.
Brazil holds the largest share in the Latin American gamma knife market, due to the increasing prevalence of cancer and improving healthcare infrastructure in the country.
Some of the major players operating in the global gamma knife market include American Shared Hospital Services, ET Medical Group, Nordion Inc., Masep Infini Global Inc., Cyber Medical Corporation Limited, Huiheng Medical Inc., Elekta AB, Varian Medical Systems Inc, and Hokai.
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