Major Drivers Propelling the Growth oh theNeurosurgery Devices And Equipment Market Forward: Rising Neurological Disorders Fueling Growth In The Neurosurgery Devices Market
Discover trends, market shifts, and competitive outlooks for the neurosurgery devices and equipment industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
How Has the Neurosurgery Devices And Equipment Market Growth Performance Trended Historically, And What Lies Ahead?
The market size for neurosurgery devices and equipment has seen significant expansion in recent times. An increase from $8.61 billion in 2024 is expected to rise to $9.9 billion in 2025, with a compound annual growth rate (CAGR) of 15.0%. Factors contributing to the growth during the historic period include a rise in neurological disorders, an aging population, enhanced interdisciplinary collaboration, and advancements in surgical procedures.
In the forthcoming years, it is anticipated that the neurosurgery devices and equipment market will experience swift expansion. By 2029, its value is projected to amplify to $16.97 billion with a compound annual growth rate (CAGR) of 14.4%. The market growth in the forecast period can be ascribed to factors like the advent of minimally invasive procedures, the development of emerging markets, supportive regulations and reimbursements, as well as telehealth and remote consultation. The forecast period will also witness key trends like robotic-assisted surgery, advanced imaging and navigation technologies, personalized healthcare, and a focus on remote monitoring and post-procedure care.
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Which Major Market Drivers Are Expected to Boost the Growth Potential of the Neurosurgery Devices And Equipment Market?
An escalating number of neurological disorders are fueling the expansion of the neurosurgery devices market. These disorders are characterized by harmful effects on the nervous system encompassing the spinal cord and brain, with notable examples being epilepsy and Alzheimer’s. Citing an article from US Pharmacist, the most frequent neurological disorders showcase stroke at 51.3%, Alzheimer’s disease at 21.4%, Epilepsy at 11.6%, traumatic brain injury at 6.8%, Parkinson’s disease at 4.7%, and brain tumor at 2.8%. Furthermore, regular diagnoses of adult-onset brain disorders impact 1.2 million individuals. The growth of such disorders subsequently propels the expansion of the neurosurgery devices and equipment market. Into the bargain, data from the Alzheimer’s Association indicates that countless Americans are living with Alzheimer’s or other dementias. As the demographic of US citizens aged 65 and above expands, there will be a proliferation of Alzheimer’s cases to an estimated 13.8 million by 2060.
Which Key Market Segments Comprise the Neurosurgery Devices And Equipment Market and Drive Its Revenue Growth?
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 Areas Are Leading Regions in the Neurosurgery Devices And Equipment Market Expansion Across the Globe?
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.
Which Cutting-Edge Market Trends Are Expected to Drive the Neurosurgery Devices And Equipment Market’s Growth?
The latest advancements in neurosurgery are leaning towards employing minimally invasive surgical methods and strategies. These cutting-edge techniques offer numerous benefits over traditional open surgeries, such as reducing pain, speeding up recovery time, minimizing scarring, enhancing surgeon flexibility, and decreasing equipment expenses. An illustration of such a procedure is Neuroendoscopy, a less intrusive neurosurgical strategy executed via neurosurgery devices to remedy conditions like hydrocephalus, tumors, vascular diseases, among others. Makers of neurosurgery devices are putting their innovation to work by bringing forward novel technologies for facilitating superior endoscope-assisted neurosurgery, ensuring efficient minimal invasive surgeries, clinical progress, and the latest technological developments. Examples of end-users like hospitals, ambulatory surgical centers, etc., have started utilizing smartphones coupled with an endoscope for executing secure and efficient endoscope-assisted neurosurgery. The New York-Presbyterian Hospital/Columbia University Medical Center favor minimally invasive neurosurgeries over conventional ones through the use of specialized tools and advanced technology such as endoscopes with cameras, high-end operative microscopes, computer-assisted navigation systems, and more to offer treatment for adults and children.
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How Is the Neurosurgery Devices And Equipment Market Conceptually Defined?
Neurosurgery devices and equipment refer to specialized medical instruments and technologies used in the diagnosis, treatment, and surgical management of disorders affecting the brain, spine, and nervous system. They are essential in performing surgeries for conditions such as brain tumors, spinal cord injuries, aneurysms, and epilepsy, enhancing the safety, precision, and outcomes of neurosurgical interventions.
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