The Global Gamma Knife Market was valued at US$ 174.4 million in 2016 and is projected to expand at a CAGR of 7.7% during the forecast period (2017–2025), as highlighted in a new report published by Coherent Market Insights. Increase in patient awareness about the disease and gamma knife technology would increase the patient flow at the gamma knife centers thus stimulating more installations worldwide.
Currently, there are more than 300 gamma knife centers globally. Africa, Middle East and Latin America regions are identified with a few lesser gamma knife centers compared to North America, Europe and Asia. Seven centers in the U.S. had ordered the new gamma knife Icon system in 2015 representing the preference for this platform in treating cranial indications. Samsung Medical Center (SMS) in Seoul—one of the busiest gamma knife radiosurgery centers in Asia after China—was the first center in Asia to acquire Leksell Gamma Knife Icon system in 2015. The Icon system offers frameless treatment with similar accuracy as that of frame-based treatment. Moreover, this new addition to the Leksell Gamma Knife system has an integrated image guidance system and an Online Adaptive Dose Control option to ensure that the dose reaches the target location.
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Gamma knife technology has gained significant traction since recent past. Various research organizations have conducted aver 2,500 research studies for gamma knife technology, which is increasing adoption of gamma knife technology. However, high cost associated with utilization of this technology is restraining growth of the market, as average cost of gamma knife system is over US$ 5 million. Increasing awareness among population regarding use of gamma knife for treatment in precision therapy for various diseases is expected to fuel market growth. The U.S. federal government reduced Medicare reimbursement for gamma knife treatment from US$ 8,100 to US$ 3,400 in 2013, which reduced accessibility of a highly precise brain tumor treatment method to the general population in the U.S. Although an alternative technology, Cyber Knife, is available, many physician prefer using gamma knife over linac-based surgery based on their comfort and skills.
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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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