Gamma Knife Market Growth, Regional Analysis, Trends and Forecast 2023-2033

The global Gamma Knife Market is expected to grow at a CAGR of 5.7% during the period 2023-2033. The market holds a valuation of US$ 343.1 million as of 2023, and by 2033, the market is expected to reach a valuation of US$ 600 million. Rise in geriatric population and preference for less time-consuming treatment are the key factors fuelling the Gamma Knife market in North America. Increase in the prevalence of cancer, coupled with shift towards painless and non-invasive surgeries are other key drivers of the market. Rise in per capita healthcare expenditure is also fuelling the Gamma Knife market in North America. For example, 17.7% of America’s GDP was spent on healthcare in 2011. Increase in funding for R&D on non-invasive treatment is also providing an impetus to the Gamma Knife market in North America. According to Cancer.org, in the US, nearly 1,658,370 new cancer cases are expected to be diagnosed in 2015. Owing to these new dia...