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Adoption of gamma knife technology is on rise and has gained traction in recent years. Though the technology was introduced decades ago, the exorbitantly high costs associated with them dissuaded its large scale adoption across the healthcare sector. Average cost of gamma knife system is over US $5 million. This was a major reason for the gamma knife market to be deprived of potential demand. On contrary, over 2,500 research studies are available for gamma knife technology which can be a major convincing factor for adoption of gamma knife technology.
Gamma knife can however be cost competitive only when demand for intracranial stereotactic radiosurgery (SRS) is high enough to allow maximum utilization of gamma knife system. Low patient flow makes the system capital intensive for the organization. To improve the gamma knife market condition it is essential to create awareness about the disease and availability of this precision therapy.
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The U.S. federal government reduced Medicare reimbursement for gamma knife treatment from US $8,100 to US $3,400 in 2013. This further reduces the 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. Therefore, the gamma knife market is expected to experience a gradual growth.
Key takeaways of the market:
Elekta is the dominant player in the global gamma knife market
North America leads the global gamma knife market in terms of revenue, however with growing investments and awareness, Asia Pacific region is expected to grow at a rapid rate during the forecast period
Brain metastasis is the major therapeutic application gamma knife system is being used globally
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Use of gamma knife in movement disorders is increasing as more and more patients and physicians are getting aware about the applications of this technology
Tumors in head (brain) is the major site of therapy where gamma knife system is being used. Market for this test type is therefore estimated to be higher compared to neck and other sites.
The global gamma knife market is facing competition from its alternative Cyber Knife system which can also be used in treating tumors in other parts of the body
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