Press release
Neurosurgery Devices And Equipment Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033 | Medtronic plc, Boston Scientific Corporation, Stryker Corporation, Conmed Corporation
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033The Business Research Company offers in-depth market insights through Neurosurgery Devices And Equipment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The neurosurgery devices and equipment market size has grown rapidly in recent years. It will grow from $8.19 billion in 2023 to $9.26 billion in 2024 at a compound annual growth rate (CAGR) of 13.2%. The growth in the historic period can be attributed to increasing neurological disorders, aging population, interdisciplinary collaboration, surgical innovation.
The neurosurgery devices and equipment market size is expected to see rapid growth in the next few years. It will grow to $14.84 billion in 2028 at a compound annual growth rate (CAGR) of 12.5%. The growth in the forecast period can be attributed to minimally invasive procedures, emerging markets growth, regulatory support and reimbursement, telehealth and remote consultation. Major trends in the forecast period include robotic-assisted surgery, advanced imaging and navigation, personalized medicine, remote monitoring and post-procedure care.
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Market Segmentation:
The main device types of neurosurgery devices and equipment are the neuroendoscope, stereotactic systems, aneurysm clips, neurostimulation devices, cerebrospinal fluid management devices, neurosurgical evacuation devices, neurosurgical navigation systems, neurosurgery surgical power tools, and others (ultrasonic aspirators, surgical instruments). The neuroendoscope is a device that allows neurosurgeons to perform less invasive procedures and surgical approaches in a manner that minimizes disruption to surrounding tissues. The surgery types are intracranial surgery, endonasal neurosurgery, and spinal surgery. The various end-users are hospitals and ambulatory surgical centres.
Major Driver - Rising Neurological Disorders Fueling Growth In The Neurosurgery Devices Market
The rise in neurological disorders is driving the neurosurgery devices market. A neurological disorder is caused due to the effect on the nervous system which includes the spinal cord, and brain. These disorders include epilepsy and Alzheimer's. According to an article on US Pharmacist, out of the most common neurological disorders, stroke accounts for 51.3%, Alzheimer's disease 21.4%, Epilepsy 11.6%, traumatic brain injury 6.8%, Parkinson's disease 4.7%, and brain tumor 2.8%. Furthermore, 1.2 million people are frequently diagnosed with adult-onset brain disorders. An increase in these disorders is driving the growth of the neurosurgery devices and equipment market. According to the Alzheimer's Association, millions of Americans have Alzheimer's or other dementias. As the size and proportion of the U.S. population aged 65 and older continue to increase, the number of Americans with Alzheimer's will grow from 6.2 million in 2021 to 13.8 million by 2060.
Competitive Landscape:
Major companies operating in the neurosurgery devices and equipment market include Medtronic plc, Boston Scientific Corporation, Stryker Corporation, Conmed Corporation, Smith & Nephew plc, Integra LifeSciences, Olympus Corporation, Karl Storz GmbH & Co. KG, Richard Wolf GmbH, Johnson & Johnson Services Inc., B. Braun Melsungen AG, Terumo Corporation, Boiotronic Inc., Abbott Laboratories, DePuy Synthes Companies, BrainLAB AG, Zimmer Biomet Holdings Inc., GE Healthcare, NuVasive Inc., ArthroCare Corporation, Vycor Medical Inc., Penumbra Inc., Leica Camera, Carl Zeiss AG, Moller-wedel Optical GmbH, Synaptive Medical Inc., Mizuho OSI, Monteris Medical Inc., NeuroLogica Corporation, NeuroPoint Alliance (NPA), Neurosurgery Research and Education Foundation (NREF), AiM Medical Robotics, Inner Cosmos Inc., AcureX Therapeutics, Novadip Biosciences, Rebstock Instruments GmbH, AKTORmed GmbH
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Top Trend - Advancements In Minimally Invasive Neurosurgery Integration Of Technology And Innovative Approaches
Minimally invasive surgical procedures and approaches are the new frontiers in neurosurgery as they result in less pain than open surgeries, shorter recovery times, less scarring, increase surgeon mobility and reduce equipment costs. Neuroendoscopy is a minimally invasive neurosurgical procedure performed through neurosurgery devices to correct hydrocephalus, remove tumors, treat vascular disease, and manage other disorders. Neurosurgery device manufacturers are innovating and integrating technologies for advanced endoscope-assisted neurosurgery to provide efficient minimally invasive surgeries, operative procedures, clinical advances, and new technological developments. For instance, end-users such as hospitals, ambulatory surgical centres, and others are using smartphones with endoscopes for performing safe and efficient endoscope-assisted neurosurgery. In New York-Presbyterian Hospital/Columbia University Medical Center, minimally invasive neurosurgeries are preferred over open surgeries with the help of specialized instruments and technologies such as a camera-assisted endoscope, high-powered operating microscope, computer-assisted navigation system, and others to treat conditions in adults and children.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Neurosurgery Devices And Equipment Market Characteristics
3. Neurosurgery Devices And Equipment Market Trends And Strategies
4. Neurosurgery Devices And Equipment Market - Macro Economic Scenario
5. Neurosurgery Devices And Equipment Market Size And Growth
…..
27. Neurosurgery Devices And Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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