The Cyber Knife market has witnessed significant growth in recent years, driven by increasing demand for non-invasive treatments for cancer and other diseases. Cyber Knife is a type of radiosurgery that uses high-dose radiation to target tumors and other abnormalities in the body, while minimizing damage to surrounding healthy tissue. The market dynamics of Cyber Knife are influenced by several factors, including the increasing prevalence of cancer and other diseases, advancements in technology, and rising healthcare expenditure. However, the high cost of Cyber Knife treatments and limited availability of skilled professionals may hinder market growth. Despite these challenges, the Cyber Knife market is expected to grow in the coming years, driven by the growing demand for non-invasive treatments and the increasing adoption of Cyber Knife in emerging economies.
Key Competitors in the Cyber Knife Industry:
1. Accuray Incorporated
Accuray Incorporated was founded in 1990 and is headquartered in Sunnyvale, California. The company develops and sells Cyber Knife and TomoTherapy systems for the treatment of cancer and other diseases. In February 2023, Accuray announced the launch of its next-generation Cyber Knife M6 Series, which features advanced technology for improved precision and speed in delivering radiation therapy.
2. BrainLab
BrainLab was founded in 1989 and is headquartered in Munich, Germany. The company develops software and hardware for the medical industry, including solutions for image-guided surgery and radiation therapy. In December 2022, BrainLab announced the launch of its new Elements AI software platform, which uses artificial intelligence to optimize treatment planning for Cyber Knife and other radiation therapy systems.
3. Elekta AB
Elekta AB was founded in 1972 and is headquartered in Stockholm, Sweden. The company develops and sells software and hardware for the treatment of cancer and other diseases, including Cyber Knife systems. In February 2023, Elekta announced the launch of its new Unity Proton system, which combines proton therapy with advanced imaging technology for improved precision and accuracy in radiation therapy.
4. Nucletron B.V.
Nucletron B.V. is a subsidiary of Elekta AB and was founded in 1975. The company develops and sells software and hardware for radiation therapy, including Cyber Knife systems. In September 2022, Nucletron announced the launch of its new Oncentra Prostate v4.0 software, which is designed to improve the accuracy and efficiency of Cyber Knife treatments for prostate cancer.
5. GE Healthcare
GE Healthcare is a subsidiary of General Electric Company and was founded in 1892. The company develops and sells medical imaging, diagnostics, and monitoring systems, including solutions for radiation therapy. In June 2022, GE Healthcare announced the launch of its new Discovery CT 900 system, which features advanced imaging technology for improved precision and accuracy in radiation therapy.
6. Hitachi America
Hitachi America was founded in 1959 and is headquartered in Santa Clara, California. The company develops and sells a wide range of products, including medical imaging and radiation therapy systems. In April 2022, Hitachi announced the launch of its new ProBeat Alpha system, which combines proton therapy with advanced imaging technology for improved precision and accuracy in radiation therapy.
7. IBA Group
IBA Group was founded in 1986 and is headquartered in Louvain-la-Neuve, Belgium. The company develops and sells proton therapy and radiation therapy systems, including solutions for Cyber Knife. In January 2022, IBA announced the launch of its new Proteus Plus system, which features advanced imaging and proton therapy technology for improved precision and accuracy in radiation therapy.
8. Mitsubishi Electric
Mitsubishi Electric was founded in 1921 and is headquartered in Tokyo, Japan. The company develops and sells a wide range of products, including medical imaging and radiation therapy systems. In October 2022, Mitsubishi Electric announced the launch of its new SPECTRONIQ system, which features advanced imaging technology for improved precision and accuracy in radiation therapy.
9. Nordion
Nordion is a subsidiary of BWX Technologies, Inc. and was founded in 1946. The company develops and sells a wide range of products, including medical isotopes and radiation therapy systems. In August 2022, Nordion announced the launch of its new Gamma Knife Icon system, which features advanced imaging and radiation therapy technology for improved precision and accuracy in treating brain tumors.
10. Philips Healthcare
Philips Healthcare is a subsidiary of Koninklijke Philips N.V. and was founded in 1891. The company develops and sells a wide range of products, including medical imaging and radiation therapy systems. In March 2022, Philips Healthcare announced the launch of its new Azurion Pro system, which features advanced imaging technology for improved precision and accuracy in radiation therapy.
Definition- Cyber Knife is a type of robotic radiosurgery system used for the treatment of tumors and other medical conditions. It delivers high-dose radiation to precise targets with minimal damage to surrounding healthy tissue.
