New York, NY -- (SBWIRE) -- 04/10/2015 -- According to a new market report published by Persistence Market Research "Global Market Study on Gamma Knife - Asia to Witness Highest Growth by 2020," the global Gamma Knife market is valued at USD 526,733.2 thousand in 2014 and is expected to grow at a CAGR of 3.6% from 2014 to 2020 to reach an estimated value of USD 651,241.9 thousand in 2020.

Browse the full Global Market Study on Gamma Knife - Asia to Witness Highest Growth by 2020 report at http://www.persistencemarketresearch.com/market-research/gamma-knife-market.asp

Radiation therapy is a procedure entailing the precise delivery of high doses of radiation to tumors and other relevant anatomical targets. Gamma Knife radiosurgery is a major form of radiation therapy. It is mainly used to treat brain tumors, arteriovenous malformations, trigeminal neuralgia, acoustic neuroma, and pituitary tumors. In Gamma Knife surgery, specialized equipment focuses close to 200 tiny beams of radiation on a tumor or other targeted cells. These beams deliver strong doses of radiation to targeted tumor cells with refined precision. This effectively means that surrounding healthy tissues are exposed to minimal or no radiation whatsoever.

Globally, the Gamma Knife market is witnessing significant growth due to increasing prevalence of cancer and obesity and growing aging population. In addition, rising number of initiatives undertaken by various government associations and the advanced features of Gamma Knife systems are also driving the growth of the market. However, stringent regulatory requirements and prolonged approval time for Gamma Knife systems and high cost of implementation and shortage of skilled manpower inhibit the growth of the market.

The global Gamma Knife market is anticipated to grow from an estimated USD 526,733.2 thousand in 2014 to USD 651,241.9 thousand by 2020 at a CAGR of 3.6% during the forecast period.

North America is the largest region and Asia represents the fastest growing region in the Gamma Knife market. In terms of application, brain metastases represent the largest and fastest growing segment of this market.

The North American Gamma Knife market is anticipated to grow from an estimated USD 217,115.5 thousand in 2014 to USD 269,995.5 thousand by 2020 at a CAGR of 3.7% during the forecast period.

The global brain metastases are estimated at USD 360,610.2 thousand in 2014 and is expected to reach USD 448,903.1 thousand by 2020, growing at a CAGR of 3.7% during the forecast period.

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The global Gamma Knife market is segmented as follows:

1) Gamma Knife market, by application

Brain Metastases
Brain Tumors
Trigeminal Neuralgia
Arteriovenous Malformations
Others

2) Gamma Knife market, by geography

North America

U.S.
Canada
Rest of North America

Europe

Germany
France
U.K.
Italy
Spain
Rest of Europe

Asia

China
Japan
India
Rest of Asia

Latin America

Brazil
Rest of Latin America

Rest of the World (RoW)

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