Neurosurgery Devices And Equipment Market on Track for Strong Growth, Estimated to Grow at 14.4% CAGR Through 2029

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What Is the Expected CAGR for the Neurosurgery Devices And Equipment Market Through 2025?
The market size of neurosurgery devices and equipment has experienced substantial growth in the preceding years. It is predicted to expand from $8.61 billion in 2024 to reach $9.9 billion by 2025, indicating a compound annual growth rate (CAGR) of 15.0%. Factors such as the rise in neurological disorders, ageing population, interdisciplinary partnerships, and surgical advancements have contributed significantly to this growth witnessed in the historic period.

What's the Projected Size of the Global Neurosurgery Devices And Equipment Market by 2029?
The market size of neurosurgery devices and equipment is anticipated to witness swift expansion in the upcoming years, with predictions pointing to a figure of $16.97 billion in 2022 and a Compound Annual Growth Rate (CAGR) of 14.4%. This growth throughout the assessment period can be credited to developments such as minimally invasive operations, growing markets, legislative backing and remuneration, along with telehealth and distance consultation. The forecast period also signals key trends, including surgeries aided by robots, advanced imaging and mapping, individualized treatment, distant monitoring and after-care following the procedure.

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Top Growth Drivers in the Neurosurgery Devices And Equipment Industry: What's Accelerating the Market?
The escalating instances of neurological conditions are fuelling the expansion of the neurosurgery devices market. Neurological disorders, caused by impacts on the nervous system including the brain and spinal cord, encompass conditions such as epilepsy and Alzheimer's. As cited in a US Pharmacist article, stroke constitutes 51.3% of the most prevalent neurological disorders, followed by Alzheimer's disease at 21.4%, Epilepsy at 11.6%, trauma to the brain at 6.8%, Parkinson's disease at 4.7%, and cerebral tumours at 2.8%. Additionally, around 1.2 million individuals regularly receive diagnosis of adult-onset cerebral disorders. This surge in neurological complications propels the neurosurgery devices and equipment market growth. As stated by the Alzheimer's Association, a significant portion of the American population is affected by Alzheimer's or other forms of dementia. With the growing number of the older population in the U.S., the figure of Americans with Alzheimer's is projected to escalate to 13.8 million by 2060.

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What Trends Will Shape the Neurosurgery Devices And Equipment Market Through 2029 and Beyond?
Neurosurgery is now gravitating towards minimally invasive techniques due to their many advantages such as reduced pain, quicker recovery periods, fewer scars, enhanced surgeon flexibility, and lowered expenses for equipment. Neuroendoscopy, which is performed via neurosurgery tools, is one such minimally invasive approach that addresses maladies like hydrocephalus, tumors, vascular disease, among others. There is a surge in innovative technologies being created by neurosurgery device developers for more effective endoscope-assisted operations, enabling increasingly efficient minimally invasive surgeries and clinical advancements. In fact, users like hospitals and ambulatory surgery centers are leveraging smartphones in conjunction with endoscopes for high-quality and safe neurosurgery. At locations like New York-Presbyterian Hospital/Columbia University Medical Center, minimally invasive neurosurgical procedures are chosen over traditional surgeries, making use of equipment such as camera-assisted endoscopes, high-intensity operating microscopes, computer-aided navigation systems, and more to treat a variety of conditions in adult and pediatric patients.

What Are the Main Segments in the Neurosurgery Devices And Equipment Market?
The neurosurgery devices and equipment market covered in this report is segmented -

1) By Device Type: Neuroendoscope, Stereotactic Systems, Aneurysm Clips, Neurostimulation Devices, Cerebrospinal Fluid Management Devices, Neurosurgical Evacuation Device, Neurosurgical Navigation Systems, Neurosurgery Surgical Power Tools, Others(Ultrasonic Aspirators, Surgical Instruments)
2) By Surgery Type: Intracranial Surgery, Endonasal Neurosurgery, Spinal Surgery
3) By End User: Hospitals, Ambulatory Surgical Centers

Subsegments:
1) By Neuroendoscope: Rigid Neuroendoscopes, Flexible Neuroendoscopes
2) By Stereotactic Systems: Frame-based Systems, Frameless Systems
3) By Aneurysm Clips: Titanium Aneurysm Clips, Stainless Steel Aneurysm Clips
4) By Neurostimulation Devices: Spinal Cord Stimulation (SCS) Devices, Deep Brain Stimulation (DBS) Devices, Vagus Nerve Stimulation (VNS) Devices, Sacral Nerve Stimulation (SNS) Devices
5) By Cerebrospinal Fluid (CSF) Management Devices: Shunts, Drainage Systems
6) By Neurosurgical Evacuation Devices: Hematoma Evacuation Devices, Suction Evacuation Systems
7) By Neurosurgical Navigation Systems: Optical Navigation Systems, Electromagnetic Navigation Systems, Hybrid Navigation Systems
8) By Neurosurgery Surgical Power Tools: Drills, Saws, Shavers
9) By Others: Ultrasonic Aspirators, Surgical Instruments (Forceps, Scalpels, Scissors)

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Which Top Companies are Driving Growth in the Neurosurgery Devices And Equipment Market?
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

Which Regions Will Dominate the Neurosurgery Devices And Equipment Market Through 2029?
North America was the largest region in the global neurosurgery devices and equipment market in 2023. Asia-Pacific was the second-largest region in the neurosurgery devices and equipment market. The regions covered in the neurosurgery devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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