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Global Gamma Knife Market Anticipated to Expand at a 9.0% CAGR through 2020

Gamma Knife Market: Global Industry Analysis and Opportunity Assessment 2015 - 2025

VALLEY COTTAGE, NEW YORK, UNITED STATES, July 1, 2015 /EINPresswire.com/ -- Gamma Knife Market Anticipated to be worth US$ 411 Mn by 2025: Preference for Non-invasive Treatment Options Driving the Market

Future Market Insights, in its new research report titled, “Gamma Knife Market: Global Industry Analysis and Opportunity Assessment 2015-2025”, forecasts the Gamma Knife market to expand at a CAGR of 9% during the forecast period and reach a valuation of US$ 411 Mn.

The global radiation therapy equipment market was valued at US$ 4.61 Bn in 2013. Stereotactic radiation therapy market, which comprises Gamma Knife and Cyber Knife, accounted for 10% share of the global radiation therapy equipment market in 2013.

Increasing demand for non-invasive surgeries is one of the key factors driving the growth of the global Gamma Knife market. Effectiveness of radiotherapy in treating brain tumour and brain cancer is also anticipated to fuel the Gamma Knife market during the forecast period.

Browse Full: "Gamma Knife Market: Global Industry Analysis and Opportunity Assessment 2015 - 2025" Market Research Report at http://www.futuremarketinsights.com/reports/details/gamma-knife-market

Increase in the prevalence of neurological disorders, such as epilepsy, Parkinson’s disease, and trigeminal neuralgia has led to increased demand for non-invasive treatment options. FMI estimates Gamma Knife to emerge as a credible treatment option for neurological disorders during the forecast period.

High cost is a key challenge for the Gamma Knife market. Gamma Knife machines cost around US$ 4 Mn – US$ 5 Mn and as such, their adoption remains limited, especially in the developing countries. According to FMI, other factors that can restrain the growth of Gamma Knife market during the forecast period include lack of trained professionals and low awareness among patients about the advantages of Gamma Knife.

FMI has segmented the Gamma Knife market on the basis of disease indication into brain metastasis, cancer, arteriovenous malformation, trigeminal neuralgia, and others. Among these, brain metastasis segment accounted for a share of 68.4% in 2014 and it is anticipated to expand at a CAGR of 9.2% between 2015 and 2025. On the other hand, the cancer segment is projected to expand at the highest CAGR of 10.3% through 2025.

Browse Healthcare, Pharmaceuticals and Medical devices Market Insights Research Report: http://www.futuremarketinsights.com/reports/category/healthcare-pharmaceuticals-medical-devices

On the basis of anatomy, the Gamma Knife market is segmented into head, neck, and other body parts. Among these, the use of Gamma Knife is robust in the head treatment segment, with this segment accounting for nearly 88.1% share in 2014. FMI estimates the head segment of Gamma Knife market to expand at a CAGR of 9.2% during the forecast period 2015-2025. The market value of the neck treatment segment of the Gamma Knife market was US$ 12.3 Mn in 2014; FMI estimates this segment to expand at a CAGR of 7.7% during the forecast period and reach a valuation of US$ 27.7 Mn.

North America & Europe: Key Regions for Gamma Knife Market

North America and Europe are the most lucrative regions for Gamma Knife market. These two regions collectively accounted for 57.5% share of the Gamma Knife market in 2014. FMI estimates these two regions to remain dominant throughout the forecast period 2015-2025.

The Gamma Knife market in North America was worth US$ 46.3 Mn in 2014 and FMI estimates it to expand at a CAGR of 7.5% through 2025 and reach a valuation of US$ 102.8 Mn. The market share of North America is anticipated to decrease from 29.2% to 25% during the forecast period.

The Gamma Knife market in Europe is anticipated to expand at a CAGR of 7.7% during the forecast period. Its market share, which was 28.3% in 2014, is anticipated to drop to 24.5% by 2025.

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FMI forecasts Gamma Knife market to gain traction in Asia Pacific (APAC) during the forecast period. Rising disposable income, greater awareness about available treatment options, and surge in medical tourism are anticipated to provide a boost to the Gamma Knife market in the region. FMI estimates Asia Pacific Gamma Knife market to expand at a CAGR of 10.5% during the forecast period 2015-2025.

The key players in the global Gamma Knife market include Elekta AB, Varian Medical Systems, Inc. and Huiheng Medical, Inc. FMI opines that owing to the consolidated nature of this market, these key players are focusing on developing new product offerings with advanced features.

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