Latin America Gamma Knife Market Size & Outlook, 2023-2030
Latin America gamma knife market, 2018-2030 (US$M)
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Latin America gamma knife market highlights
- The Latin America gamma knife market generated a revenue of USD 34.9 million in 2023.
- The market is expected to grow at a CAGR of 5.3% 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.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 34.9 million |
| Market revenue in 2030 | USD 50.1 million |
| Growth rate | 5.3% (CAGR from 2023 to 2030) |
| Largest segment | Malignant tumors |
| Fastest growing segment | Functional Disorders |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 7.8% of the global gamma knife market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 22.6 million by 2030.
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Gamma Knife Market Scope
Gamma Knife Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America 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 46.7% in 2023. Horizon Databook has segmented the Latin America 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.
Increase in incidence of brain cancer, rise in access to healthcare, and improving healthcare infrastructure are among the key factors expected to drive the market over the forecast period. Incidence of brain & CNS cancers within Latin America is highest in Brazil, Colombia, Uruguay, and Cuba, representing a major demand for gamma knife radiotherapy.
Moreover, gradual adoption of gamma knife radiotherapy systems in medical centers is expected to further drive the market. Currently, the market in this region is in a nascent phase. There are nearly seven specialized centers in the Caribbean region. Gamma Knife Dominicano is one of the advanced centers in the Caribbean, which is equipped with gamma knife radiotherapy system.
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Our clientele includes a mix of gamma knife market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America gamma knife market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America gamma knife market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America gamma knife market size, by country, 2018-2030 (US$M)
Latin America Gamma Knife Market Outlook Share, 2023 & 2030 (US$M)
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