India Gamma Knife Market Size & Outlook, 2023-2030
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India gamma knife market highlights
- The India gamma knife market generated a revenue of USD 20.9 million in 2023 and is expected to reach USD 29.1 million by 2030.
- The India market is expected to grow at a CAGR of 4.8% from 2024 to 2030.
- In terms of segment, malignant tumors was the largest revenue generating indications in 2023.
- Functional Disorders is the most lucrative indications segment registering the fastest growth during the forecast period.
Gamma knife market data book summary
| Market revenue in 2023 | USD 20.9 million |
| Market revenue in 2030 | USD 29.1 million |
| Growth rate | 4.8% (CAGR from 2023 to 2030) |
| Largest segment | Malignant tumors |
| Fastest growing segment | Functional Disorders |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Malignant Tumors, Benign Tumors, Vascular Disorders, Functional Disorders, Ocular Diseases |
| Key market players worldwide | Elekta AB ADR, Varian, Akesis Pharmaceuticals, Huiheng Industry |
Other key industry trends
- In terms of revenue, India accounted for 4.7% of the global gamma knife market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China gamma knife market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 22.8 million by 2030.
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Gamma Knife Market Scope
Gamma Knife Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Huiheng Industry | View profile | - | - | |
| Akesis Pharmaceuticals | View profile | 501-1000 | Kochi, Kerala, India, Asia | https://akesiss.com |
| Varian | View profile | 5001-10000 | Palo Alto, California, United States, North America | http://www.varian.com/ |
| Elekta AB ADR | View profile | 4584 | Kungstensgatan 18, Box 7593, Stockholm, Sweden, SE-103 93 | https://www.elekta.com |
India gamma knife market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to gamma knife market will help companies and investors design strategic landscapes.
Malignant tumors was the largest segment with a revenue share of 46.41% in 2023. Horizon Databook has segmented the India gamma knife market based on malignant tumors, benign tumors, vascular disorders, functional disorders, ocular diseases covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing healthcare expenditure, rise in brain cancer incidence, and slow adoption of gamma knife treatment systems are factors expected to influence India’s market. India is witnessing growth in the adoption of cancer care technology.
For instance, in 2020, Elekta, a pioneer in gamma knife systems, entered into a service agreement with Healthcare Global Enterprises Ltd. (HCG) to install numerous technologies associated with cancer care within the country.
Increasing cancer incidence in the country is further propelling the need to adopt advanced cancer treatments. According to the Cancer Registries (IARC), India reports nearly 28,000 cases of brain tumor each year with more than 24,000 related deaths.
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Our clientele includes a mix of gamma knife market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India gamma knife market , including forecasts for subscribers. This country databook contains high-level insights into India gamma knife market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India gamma knife market size, by indications, 2018-2030 (US$M)
India Gamma Knife Market Outlook Share, 2023 & 2030 (US$M)
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