The latest report on “Cyberknife Market (Application – Lung Cancers, Brain Cancer, Liver Cancer, Pancreas Cancer, and Other Applications; End User – Hospitals, Clinics, Ambulatory Surgical Center, Radiotherapy Centers, and Other End Users): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025.” The global cyberknife market is projected to grow at a CAGR of 9.2% over the forecast period of 2019-2025.
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Cyberknife is a stereotactic radiosurgery system used in the treatment of benign cancers, malignant cancers without affecting healthy cells. Nowadays it is also used in the treatment of the cancer of the pancreas, liver, lung, prostate, spine, and cancer of the throat. For lung cancer, it uses Synchrony software during radiotherapy well as it can function properly even the patient is breathing. As it uses the surgical placed internal fiducials and light-emitting optical fibers with combination, mounted on the patient body where the optical fibers are tracked by infrared tracking camera. Therefore, it is called the synchrony system or synchrony method. It takes 1 to 5 days to complete the treatment while each treatment session lasts between 30 to 90 minutes. Recently, it is the only produced in the market that offers robotic radiotherapy.
The increasing prevalence of the various types of cancer such as pancreas, liver, lung, prostate, spine, and cancer of throat boosts the growth of the market. According to the WHO, in 2018, cancer is the second leading cause of death globally as well as an estimated 9.6 million deaths due to cancer. On the other hand, according to the National Cancer Institute, in 2017, 15,270 children between 0 to 19 ages were diagnosed with cancer and 1,790 children were dead. Cyberknife radiotherapy system ensures targeted delivery of the radiotherapy to the cancerous cells as well as prevents the multiplication of the cells. It provides accurate as well as precise treatment.
Hence, these factors enhance the growth of the market. On the other hand, growing non-invasive and minimally-invasive procedures as well as the adoption of the cyberknife in the developed countries propel the growth of the market. Besides, the manufacturer is involved in the development of the product with the advance technologies are bring the cyberknife in the great demand in the market. The government is also taking initiative towards funding in the research activities to launch a new product. Thereby, these increasing initiatives by the government drive the growth of the market. The increasing geriatric population also boosts the growth of the market.
However, lack of awareness about the cyberknife yet remains one of the major restraints to this market. Besides, for operating the cyberknife for the treatment of the various types of cancer such as liver, lung, prostate, spine, cancer of the throat, pancreas requires skilled professionals. The skill professionals in developing countries are less. Therefore, the lack of skilled professionals is another factor that hinders the growth of the market.
Based on the region, North America holds the highest market share of the cyberknife radiation therapy for lung cancer treatment market due to the rising incidences of lung cancer. In addition, the occurrence of highly advanced medical treatments in the region also boosts the growth of this market. Europe holds the second largest market share in this market due to the growing number of cases of cancer as well as increasing demand for the cyberknife radiotherapy technique. On the other hand, Asia Pacific is expected to grow at the highest CAGR in the forecast period as the healthcare infrastructure is developing at a fast pace especially in countries such as India.
The report on global cyberknife market covers segments such as application, and end-user. On the basis of application, the sub-markets include lung cancers, brain cancer, liver cancer, pancreas cancer, and other applications. On the basis of end-user, the sub-markets include hospitals, clinics, ambulatory surgical centers, radiotherapy centers, and other end users.
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The report provides profiles of the companies in the market such as GE Healthcare, Accuray Incorporated, Elekta AB, Nucletron B.V., Hitachi America, IBA Group, Mitsubishi Electric, Nordion Inc., Philips Healthcare, Varian Medical Systems, and Sumitomo Heavy Industries.
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=> Comprehensive analysis of global as well as regional markets of the cyberknife.
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=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.