Press release
The Neurosurgery Market to see digitized data collection at a CAGR of 4.5%
Market Size and Growth:
Worldwide revenue from the neurosurgery market was US$ 4.9 Bn at the end of 2021, with the global market estimated to evolve at a value CAGR of 4.5% to reach US$ 7.9 Bn by the end of 2032. As assessed by Persistence Market Research, neuro-interventional devices held a market value share of 60.8% in 2021. Overall, neurosurgery device sales accounted for just over 1% revenue share of the global medical devices market in 2021.
The global market for neurosurgery recorded a historic CAGR of 3.7% in the last 4 years from 2017 to 2021.
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Companies:
Stryker Corp.
B. Braun Melsungen AG
Medtronic plc
DePuy Synthes
Boston Scientific
Terumo Corporation
KARL STORZ GmbH & Co KG
Integra LifeSciences
Penumbra Inc
Adeor Medical AG
Elekta
Clarus Medical
Drivers and Restraints:
The major drivers for the neurosurgery market include increasing incidence of neurological disorders such as brain tumors, stroke, and epilepsy, advancements in surgical procedures such as minimally invasive surgeries, and rising geriatric population. Additionally, increasing healthcare expenditure and improving healthcare infrastructure in emerging economies are also driving the growth of the neurosurgery market.
The high cost of neurosurgery procedures, limited reimbursement policies, and lack of skilled healthcare professionals are some of the major factors restraining the growth of the neurosurgery market. Moreover, the COVID-19 pandemic has also negatively impacted the market due to the postponement of elective surgeries and reduced patient visits to healthcare facilities. However, with the pandemic situation improving, the market is expected to recover in the near future.
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Key Segments Covered in Neurosurgery Industry Research
Neurosurgery Market by Product:
Neuro Interventional Devices
Neurovascular Embolization Devices
Embolization Coils
Liquid Embolic Systems
Flow Diversion Stents
Aneurysm Clips
Neurovascular Coiling Assist Devices
Coiling Assist Stents
Coiling Assist Balloons
Neurovascular Thrombectomy Devices
Stent Retrievers
Aspiration Retrievers
Microguidewires
Microcatheters
Support Catheters
Intracranial Stents
Neuroendoscopes
Flexible Neuroendoscopes
Rigid Neuroendoscopes
Neurosurgical Drills
Pneumatic Neurosurgical Drills
Electrical Neurosurgical Drills
Radiosurgery Systems
Linear Accelerator Radiosurgery Systems
GammaKnife Radiosurgery Systems
Dura Substitutes
Biological Dura Substitutes
Synthetic Dura Substitutes
Neurosurgical Ablation Devices
MRI Guided Focused Ultrasound Systems
MRI Guided Laser Therapy Systems
MRI Guided RF Ablation Systems
Neurosurgery Instruments
Tissue Retractors
Forceps
Head Frames
Cervical Plating systems
Perforators
Neurosurgery Market by End User:
Hospitals
Ambulatory Surgical Centers
Specialized Neurological Institutes
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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
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