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At a CAGR of 4.5%, Neurosurgery Market Size is Expected to Reach USD 6.8 Billion by 2034 | TMR Research
Neurosurgery Market
Neurosurgery Market (신경외과 시장) is expected to grow at a CAGR of 4.5% from 2024 to 2034 and reach US$ 6.8 Bn by the end of 2034
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Overview of Neurosurgery Market
The global neurosurgery market is expanding due to the increasing incidence of neurological disorders, technological advancements, and a growing aging population. The market is segmented by product type (neuro-interventional devices, neuro-endoscopy devices, neurosurgical drills, neurostimulation devices, others), surgery type (open surgery, minimally invasive surgery), end-users (hospitals, ambulatory surgical centers, specialty clinics), and geographical regions.
Market Key Players
Medtronic plc
Abbott Laboratories
Boston Scientific Corporation
Elekta
Aleva Neurotherapeutics
Machida Endoscope Co., Ltd.
Brainlab
adeor Medical AG
LivaNova, plc
B. Braun
Optofine Instruments Pvt. Ltd.
Wallaby Medical, LLC
Terumo Medical Corporation
Integra LifeSciences
Stryker Tech
Recent Developments in Neurosurgery Market
Recent advancements and trends in the neurosurgery market include:
Minimally Invasive Neurosurgery (MIN): The development and adoption of minimally invasive techniques that reduce recovery time, surgical risks, and patient trauma.
Robotic-Assisted Surgery: The integration of robotic systems in neurosurgical procedures, enhancing precision, control, and outcomes.
Neuro-Navigation Systems: Advances in neuro-navigation systems that provide real-time imaging and guidance during surgery, improving accuracy and safety.
Neurostimulation Devices: Innovation in neurostimulation devices for treating conditions such as chronic pain, epilepsy, and Parkinson's disease.
Biodegradable Implants: Development of biodegradable implants and materials that reduce the need for additional surgeries and improve patient outcomes.
Drivers of Market Growth
Several factors contribute to the growth of the neurosurgery market:
Rising Prevalence of Neurological Disorders: Increasing incidence of conditions such as brain tumors, spinal disorders, stroke, and epilepsy.
Aging Population: Growing elderly population, which is more prone to neurological disorders and degenerative diseases.
Technological Advancements: Continuous innovations in surgical techniques, imaging technologies, and neurosurgical instruments.
Increasing Healthcare Expenditure: Higher healthcare spending, particularly in developed countries, facilitating access to advanced neurosurgical care.
Enhanced Awareness and Diagnosis: Improved awareness and diagnostic capabilities for neurological conditions, leading to earlier and more effective interventions.
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Conclusion
The neurosurgery market is poised for significant growth, driven by the rising prevalence of neurological disorders, an aging population, technological advancements, increasing healthcare expenditures, and improved awareness and diagnostic capabilities. Innovations in minimally invasive neurosurgery, robotic-assisted surgery, neuro-navigation systems, neurostimulation devices, and biodegradable implants are enhancing the effectiveness and accessibility of neurosurgical treatments.
Market Segmentation
Product Type
Neuro Interventional Devices
Neuroendoscopes
Neurosurgical Drills
Radiosurgery Systems
Dura Substitutes
Neurosurgical Ablation Devices
Neurosurgery Instruments
Indication Type
Brain Cancer
Spine and Skull base Tumors
Traumatic Brain Injuries
Craniofacial Trauma
Parkinson's Disease
Tourette's Syndrome
Others (Craniosynostosis, etc.)
End-user
Hospitals & Specialty Clinics
Ambulatory Surgical Centers
Others (Academic and Specialized Neurological Institutes, etc.)
Region
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
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