Global Neurosurgery Devices Market Forecast to Exhibit a CAGR of 8.2% from 2018 to 2026
DUBLIN, April 25, 2019 /PRNewswire/ -- The "Global Neurosurgery Devices Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 To 2026" report has been added to ResearchAndMarkets.com's offering.
The global neurosurgery devices market was valued at US$ 12,454.2 million in 2017, expanding at a CAGR of 8.2% from 2018 to 2026.
The global neurosurgery devices market is growing at a substantial rate owing to the rising prevalence of various neurological disorders, technological advancements in the devices and utilization of minimally invasive procedures.
The market influx of advanced neurological devices including robotic surgical devices, advanced neurostimulators, and advanced interventional imaging systems will drive the market during the forecast period. For instance, Nevro developed a high-frequency spinal cord stimulator that delivers signals at 10 kHz to elicit paresthesia.
Another team of researchers in the University of Arizona have developed advanced optogenetics device to stimulate multiple areas in the brain at once and regulate the intensity of light emission. Moreover, Canon Medical will launch Alphenix 4D CT and C-Arm system in 2019 for intervention neurosurgical procedures. Thus, these technological movements in the market will render its growth during the forecast period.
In terms of geography, North America held the largest share in the global neurosurgery devices market. Among the countries in North America, United States held the lion's share in 2017 owing to developed healthcare infrastructure, highly efficient reimbursement structure in the country and early uptake of advanced surgical devices in the region.
Supported by positive reimbursement and highly skilled neurosurgeons, the hospitals in the U.S. are expanding the neurosurgery department offerings, thereby driving the market in the country. Moreover, growing incidence and procedures of cerebrospinal spinal fluid (CSF) management surgery, spinal cord surgery and other endovascular surgeries will further drive the market during the forecast period.
The Asia Pacific emerged as the fastest growing region in the global neurosurgery devices market, driven by factors such as growing demand for highly sophisticated healthcare infrastructure, rising uptake of minimally invasive surgeries in the region and heightened ventures by foreign companies in the region.
Low cost of surgery coupled with high quality of healthcare services has rendered growth of medical tourism in the Asia Pacific, especially in countries such as China, India, Singapore, Thailand, and Indonesia. Favorable reimbursement scenario and government initiatives will further drive the market in the region.
Key Market Movements
- Growing uptake of minimally invasive neurological surgeries for cost-effectiveness and better patient outcome
- Technological upgradation in the neurosurgical devices and highly advanced patient monitoring process
- Growing awareness of neurological disorders globally and better treatment options available
- Strong growth in emerging regions, especially in Asia Pacific will drive the market
Chapter 1. Preface
1.1. Report Description
1.2. Research Scope
1.3. Research Methodology
1.4. Market Segmentation
Chapter 2. Executive Summary
2.1. Global Neurosurgery Devices Market Portraiture
2.2. Global Neurosurgery Devices Market, by Device Type, 2017 (US$ Mn)
2.3. Global Neurosurgery Devices Market, by Geography, 2017 (US$ Mn)
Chapter 3. Neurosurgery Devices: Market Dynamics and Outlook
3.1. Market Overview
3.5. Attractive Investment Proposition, by Geography, 2017
3.6. Competitive Analysis: Global Neurosurgery Devices Market, by Key Players, 2017
Chapter 4. Global Neurosurgery Devices Market, by Device Type, 2016-2026 (US$ Mn)
4.3. Stereotactic Systems
4.4. Aneurysm Clips
4.5. Neurostimulation Devices
4.6. Cerebrospinal Fluid Management Devices
4.7. Neurosurgical Evacuation Device
4.8. Neurosurgical Navigation Systems
4.9. Neurosurgery Surgical Power Tools
4.10. Others (Ultrasonic Aspirators, Surgical Instruments, etc.)
Chapter 5. Global Neurosurgery Devices Market, by Geography, 2016-2026 (US$ Mn)
5.1. North America Neurosurgery Devices Market Analysis, 2016-2026
5.2. Europe Neurosurgery Devices Market Analysis, 2016-2026
5.3. Asia Pacific Neurosurgery Devices Market Analysis, 2016-2026
5.4. Latin America Neurosurgery Devices Market Analysis, 2016-2026
5.5. Middle East & Africa Neurosurgery Devices Market, 2016-2026
Chapter 6. Company Profiles
6.1. B. Braun Melsungen AG
6.3. Boston Scientific Corporation
6.4. St. Jude's Medical (Abbott)
6.5. Stryker Corporation
6.6. DePuy Synthes
6.8. Terumo Corporation
6.9. Integra LifeSciences
For more information about this report visit https://www.researchandmarkets.com/r/ixndwd
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