The Gamma knife, a non-invasive neurosurgical tool, is used to perform a radiation treatment known as gamma knife surgery. The gamma knife is used to deliver pinpoint radiation doses to the brain during surgery. This gamma knife therapy can be used to reduce the size of tumors in the brain or to cut off the supply of blood and nerves to areas of the body that are causing the patient pain or seizures. The gamma knife can also be used to treat a variety of neurological disorders, including Parkinson’s disease. Some patients may benefit more from gamma knife surgery than traditional neurosurgery. If neurosurgery is not an option due to a patient’s age, health, or personal preference, gamma knife surgery may be able to help. It’s an alternative to neurosurgery that’s less dangerous and has a quicker recovery time. The most common indications for Gamma Knife radiosurgery include treatment of brain tumors, AVMs, trigeminal neuralgia, and acoustic neuromas. Fatigue, swelling in the brain near the treated area, and scalp and hair problems is some of the side effects observed after gamma knife treatment.
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Market for Gamma Knife– Effect of Coronavirus (COVID-19) Pandemic
All transportation has been halted across countries due to lockdowns. Consequently, many scheduled cancer treatments had to be postponed. As a result, more people needed cancer treatments. As a result, the global Market for Gamma Knife has suffered as a result of the pandemic. When it comes to gamma knife procedures, the government has issued some recommendations for staff and patient safety –
- The staff should be prepared for the procedure by bringing a thermoluminescent dosimeter (TLD), a personal protective equipment (PPE) kit, and radiation protection gear.
- Patients with symptoms such as coughing, fever, loss of smell, or a history of or travel to an area with confirmed cases of COVID should be referred to a pulmonologist, general practitioner, or the COVID hotline for further evaluation.
- Patients should not be seen without a negative test result (chest CT scan and nucleic acid reverse transcription-polymerase chain reaction (RT PCR) from a throat swab).
- Isolation from others has been shown to be effective in reducing the spread of coronavirus in communities. The use of gamma knives in healthcare necessitates the implementation of measures to ensure adequate social distance is maintained during both the online consultation and the treatment phases. Telehealth consultations with patients are encouraged whenever possible (email, WhatsApp, and video conferencing).
- Employees who have direct patient contact should wear appropriate protective equipment, such as personal protective equipment (PPE) and N95 masks.
The Global Gamma Knife Market is estimated to be valued at US$ 215.8 million in 2020 and is expected to exhibit a CAGR of 4.5% during the forecast period (2023-2030).
It is anticipated that the global Market for Gamma Knife will expand as a result of rising product launches and the popularity of gamma knife treatment
Rising product launches and approvals from regulatory bodies are expected to be major factors aiding the growth of the market during the forecast period. This is illustrated by the fact that Sunway Medical Centre (SunMed), Malaysia’s multi-disciplinary Medical Centre, introduced the Leksell Gamma Knife Icon in March 2018. (an advanced radiation machine, which was manufactured by Elekta AB). It’s an open-brain surgery alternative used to treat conditions like Pituitary tumors and other neurological disorders.
The Global Gamma Knife Market is projected to expand thanks to the rising incidence of trigeminal neuralgia. For instance, the prevalence rate of trigeminal neuralgia in the United States is 5.9/100,000 women and 3.4/100,000 men, as reported by a 2016 article in the American Academy of Family Physicians.
Global Market for Gamma Knife- Competitive Landscape
Elekta AB, American Radiosurgery Inc., and Masep Medical Science & Technology Development Co., Ltd. are all major players in the global gamma knife market.
|The market size value in 2023|
Market for Gamma Knife– Restraints
Over the forecast period, rising FDA recalls are expected to slow the expansion of the global gamma knife market. The FDA issued a Class 2 Device Recall for the treatment planning and management software Leksell Gamma Plan 11.1 in June 2018 because the gamma knife system used by the company exceeded the treatment duration and planning margin. Several countries, including the United Kingdom, Romania, the Russian Federation, Spain, Turkey, and the Netherlands, recalled this system in May 2019. These countries include Australia, Belgium, France, Germany, Hong Kong, Italy, Japan, Korea, Democratic People’s Republic of Korea, the Netherlands, Romania, and Hong Kong.
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Market for Gamma Knife– Regional Analysis
The global Market for Gamma Knife is broken down into sections based on geography: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
The rising number of gamma knife system launches and approvals in North America is a key factor propelling the region’s market growth, making it a likely frontrunner for Market for Gamma Knife profitability over the forecast period. Health Canada approved the Elekta Leksell Gamma Knife Icon radiosurgery system in 2017. When it comes to treating conditions of the head and neck, the gamma knife radiosurgery system is the most cutting-edge option available. Patients in Canada will soon be able to have access to cutting-edge stereotactic radiosurgery (SRS) thanks to this clearance, which will allow the system to be installed by a number of healthcare providers across the country.
In addition, the consent of gamma knife treatment systems is expected to increase, which should boost the Market for Gamma Knife in Asia Pacific significantly over the forecast period. For example, in 2018, the China Food and Drug Administration (CFDA) approved the Leksell Gamma Knife Icon radiosurgery system, allowing Chinese healthcare providers to offer this cutting-edge technology to Chinese patients.
Table of Contents with Major Points:
- Key Findings
- Definitions and Assumptions
- Definition of Gamma Knife Market
- Market Dynamics
- Trends and Developments
- Key Emerging Trends
- Key Developments Mergers and Acquisition
- New Product Launches and Collaboration
- Partnership and Joint Venture
- Latest Technological Advancements
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
Qualitative Insights Impact of COVID-19 on Global Gamma Knife Market
- Supply Chain Challenges
- Steps taken by Government/Companies to overcome this impact
- Potential opportunities due to COVID-19 outbreak
- Data Sources
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