Future Outlook of the Global Neurosurgery Devices And Equipment Market 2024-2033: Size and Growth Rate Predictions
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What is the Expected Growth Rate of the Neurosurgery Devices And Equipment Market from 2024 to 2033?
The neurosurgery devices and equipment market has experienced rapid growth in recent years. It is expected to increase from $8.19 billion in 2023 to $9.26 billion in 2024, at a compound annual growth rate (CAGR) of 13.2%. The growth drivers include a rising incidence of neurological disorders, an aging population, interdisciplinary collaboration, and innovations in surgical techniques.
The neurosurgery devices and equipment market is expected to grow to $14.84 billion by 2028 at a CAGR of 12.5%. The growth can be attributed to minimally invasive procedures, regulatory support, telehealth, and emerging markets. Key trends include robotic-assisted surgery, advanced imaging, personalized medicine, and remote post-surgery care.
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What Key Factors Are Fueling the Growth of the Neurosurgery Devices And Equipment Market?
The increasing prevalence of neurological disorders is fueling growth in the neurosurgery devices market. These disorders, which affect the nervous system—including the brain and spinal cord—include conditions such as epilepsy and Alzheimer’s disease. A report from US Pharmacist shows that stroke is the most common, accounting for 51.3% of neurological disorders, followed by Alzheimer’s at 21.4%, epilepsy at 11.6%, traumatic brain injury at 6.8%, Parkinson’s disease at 4.7%, and brain tumors at 2.8%. Additionally, 1.2 million people are diagnosed annually with adult-onset brain disorders. The rising incidence of these conditions is boosting the demand for neurosurgery devices. According to the Alzheimer’s Association, the number of Americans living with Alzheimer’s is expected to grow from 6.2 million in 2021 to 13.8 million by 2060, driven by the aging population.
What Are the Major Segments of the Neurosurgery Devices And Equipment Market?
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
What New Trends Are Transforming the Neurosurgery Devices And Equipment Market?
In neurosurgery, minimally invasive procedures like neuroendoscopy are gaining popularity. These techniques use specialized devices to treat conditions such as hydrocephalus or brain tumors. Hospitals are adopting technologies like endoscopes and computer-assisted navigation systems to perform safer, less invasive surgeries.
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Which Regions Are Driving Growth in the Neurosurgery Devices And Equipment Market?
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.
The Neurosurgery Devices And Equipment Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the neurosurgery devices and equipment market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Neurosurgery Devices And Equipment Market Include
1. Neurosurgery Devices And Equipment Market Executive Summary
2. Neurosurgery Devices And Equipment Market Segments
3. Neurosurgery Devices And Equipment Market Size And Template Market Growth Rate
4. Key Neurosurgery Devices And Equipment Market Trends
5. Major Neurosurgery Devices And Equipment Market Drivers
……
25. Key Mergers And Acquisitions In The Neurosurgery Devices And Equipment Market
26. Top Neurosurgery Devices And Equipment Companies
27. Neurosurgery Devices And Equipment Market Opportunities And Strategies
28. Neurosurgery Devices And Equipment Market, Conclusions And Recommendations
29. Appendix
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