Gamma Knife radiosurgery, also called stereotactic radiosurgery, is an extremely accurate method of therapeutic radiology. It uses concentrated beams of gamma rays for treating small and medium-sized lesions in the brain without surgical incisions. It is used in the treatment of vascular disorders, benign tumors, malignant tumors, functional disorders, and ocular diseases.
Ocular Diseases to be the Fastest-growing Segment
Ocular diseases segment is projected to expand at the fastest CAGR of 12.1% during the estimated period (from 2018 to 2025). Gamma knife therapy is utilized for several ocular indications, such as advanced glaucoma, uveal melanoma, age-related macular degeneration, eye metastases, pseudotumor cerebri, and vegetative pain.
Malignant tumors segment accounted for the maximum revenue share in 2016. Gamma knife therapy is a non-invasive stereotactic radiosurgery that uses up to 201 accurately focused beams of radiation for controlling malignant, as well as nonmalignant tumors. It can be also used to treat vascular and functional disorders in the brain, without damaging surrounding tissue. Technological progressions have improved accuracy in the therapy.
Market Overview
According to Grand View Research, Inc., the gamma knife market is likely to attain USD 239.2 million by 2025. Increasing prevalence of neurological diseases and increasing demand for Minimally Invasive Surgeries (MIS) are anticipated to augment the market growth. Moreover, technological developments in the sector is projected to drive the market further. Elekta AB is the only company operating in this market as Gamma Knife is a patient-protected trademark of company.
Recently the company announced its partnership with Palabra. The company will receive advantage of automation abilities and one-of-a-kind speech integration that can be combined into their MOSAIQ Oncology Information System. Palabra uses speech recognition techniques and automation technology for accelerating real-world clinical operations required for correct and complete records of the patients. These integrated systems are already in use in many developed regions such as Australia and North America.
In-Depth Research Report On Gamma Knife Market:
https://www.grandviewresearch.com/industry-analysis/gamma-knife-market
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