Neurosurgery devicesare devices that help in prevention, treatment, and diagnosis of conditions and disorders associated with nervous system mainly the brain, spinal cord, peripheral nerves, and extra-cranial cerebrovascular system. The neurological conditions include dementia, headache disorders, neuro-infections, and multiple sclerosis, traumatic brain injuries, pain associated with neurological disorders, neurological disorders associated with malnutrition, stroke, epilepsy and Parkinson’s disease.These disorders are fatal and cannot be cured by therapeutics. Some of the neurosurgery devices are neuro-endoscopes, Stereotactic Systems, Catheters, Pacemakers, Single- and Dual-Chamber Defibrillators, Implantable Cardioverter Defibrillator among others that are used in a variety of neurosurgical procedures.
As per the data published by Bright Focus Foundation, approximately 50 million people are expected to be living with Alzheimer's disease or dementias. If breakthroughs are not identified, rates could surpass 152 million by 2050.Furthermore, as per Parkinson's Foundation, approximately 10 million people across the world are living with PD. 60,000 Americans are diagnosed with Parkinson's each year. The Parkinson’s Foundation Prevalence Project estimated that approximately 930,000 people in the U.S. will be living with Parkinson's by the year 2020. The incidence rate is predicted to rise to 1.2 million by 2030. This rise in incidences of neurological conditions is expected to create newer opportunities for the growth of the neurosurgery devices market.
Rise in incidences and prevalence of neurological conditions within the population and the advantage of neurosurgery over other conventional surgeries are expected to boost the growth of the neurosurgery devices market across the globe. However, higher costs involved in neuro endoscopy equipment and procedures along with lack of trained professionals is anticipated to hamper the market growth. On the contrary, recent advances in neurological surgeries such as 3-Dimension Reconstruction for brain tumor surgery,X-Knife Radiosurgery for brain lesions, MRI for brain tumors, and surgery under local anesthesia for brain tumors are anticipated to provide lucrative opportunities for the growth of the neurosurgery devices market across the globe.
The neurosurgery devices market is classified on the basis ofproduct, application, and region. Based on product, the market is divided into neurosurgery devices, external neurosurgery devices,and neuro-endoscopy devices. Based on neurosurgerydevices, the market is classified into internal neurosurgery devices, spinal cord stimulation devices, deep brain stimulation devices, and other internal neurosurgery devices. Based on application, the market is classifiedinto spinal cord stimulation, deep brain stimulation, and neuro-endoscopy. Furthermore, thespinal cord stimulation segment is further sub-segmented into chronic pain, failed back surgery syndrome, and ischemia. Whereasdeep brain stimulation segment is further sub-segmented intoParkinson’s disease, tremor, depression, and other DBS applications. Based on neuro-endoscopy, the market is classified into trans-nasal neuro-endoscopy, intraventricular neuro-endoscopy, and trans cranialneuro-endoscopy. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major players operating in the neurosurgery devices market includeB. Braun Melsungen, Hangzhou Hawk Optical Electronic Instruments, Medtronic, Boston Scientific Corporation, Ackermann Instrumente, Nevro Corporation, Adeor Medical, Karl Storz, Abbott, and Machida Endoscope Co., Ltd.
Key Benefits For Stakeholders
This report provides a detailed quantitative analysis of the current market trends and the neurosurgery devices market forecast estimations from 2019 to 2027, which assists to identify the prevailing opportunities.
A comprehensive analysis of the factors that drive and restrain the growth of the market is provided.
Region-wise and country-wise market conditions are comprehensively analyzed in this report.
The projections in this report are made by analyzing the current neurosurgery devices market trends and future market potential from2019 to 2027 in terms of value.
An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
The key neurosurgery devices market players with in the market are profiled in this report and their strategies are analyzed thoroughly, which helpin understanding competitive outlook of neurosurgery devices market.
An in-depth neurosurgery devices market analysisincludes analysis of various regions and is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans.
Key Market Segments
- Neurosurgery Devices
- External Neurosurgery Devices
- Neuroendoscopy Devices
- Spinal Cord Stimulation
- Chronic Pain
- Failed Back Surgery Syndrome
- Deep Brain Stimulation
- Parkinson’s Disease
- Other DBS Applications
- Trans-nasal neuro endoscopy
- Intraventricular neuro endoscopy
- Trans cranialneuro endoscopy
- End User
- Ambulatory Surgery Center
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA