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A06255 | Pages: 280 | Charts: 61 | Tables: 138 |
Market Introduction and Definition
The global neurosurgery devices market size was valued at $11.9 billion in 2023, and is projected to reach $34.5 billion by 2033, growing at a CAGR of 11.3% from 2024 to 2033. The growth of the neurosurgery devices market is driven by several key factors, including the increasing prevalence of neurological disorders such as brain tumors, Parkinson's disease, and epilepsy. Technological advancements in minimally invasive surgical techniques and the development of innovative neurosurgical devices also contribute to market expansion. Additionally, the rising demand for precision and safety in complex neurosurgical procedures, along with increased healthcare expenditure and better access to healthcare services in emerging economies, further fuels the market's growth. Neurosurgery devices are specialized tools and instruments used in surgical procedures involving the brain, spinal cord, and peripheral nerves. These devices play a critical role in diagnosing, treating, and managing various neurological conditions, such as brain tumors, aneurysms, spinal disorders, and traumatic brain injuries. The range of neurosurgery devices includes neuroendoscopes, neuromodulation devices, stereotactic systems, and cerebrospinal fluid management devices, among others. Their applications are vast, encompassing minimally invasive surgeries, deep brain stimulation, and the precise removal of brain tumors. The advancements in these devices have significantly improved the precision, safety, and outcomes of neurosurgical procedures, which enable better patient recovery and reduce the risks associated with complex neurological surgeries.
Key Market Segments
Key Market Players