Global Neurosurgery Devices And Equipment Market
Medical Equipment

What Is The Neurosurgery Devices And Equipment Market Overview In 2022?

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The neurosurgery devices and equipment market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of almost 12%, as per The Business Research Company’s market report!

 

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The Neurosurgery Devices And Equipment Market Size In 2022 And Forecast
The global neurosurgery devices and equipment market grew from $6.22 billion in 2021 to $7.18 billion in 2022 at a compound annual growth rate (CAGR) of 15.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The neurosurgery devices and equipment market is expected to grow to $11.27 billion in 2026 at a CAGR of 11.9%.

 

The neurosurgery devices and equipment market consist of sales of neurosurgery devices and equipment and related services.


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Rise In Neurological Disorders Is Driving The Growth Of The Neurosurgery Devices And Equipment Market
According to an article on US Pharmacist, out of the most common neurological disorders, stroke accounts for 51.3%, Alzheimer’s disease 21.4%, Epilepsy 11.6%, traumatic brain injury 6.8%, Parkinson’s disease 4.7%, and brain tumor 2.8%. Furthermore, 1.2 million people are frequently diagnosed with adult-onset brain disorders. An increase in these disorders is driving the growth of the neurosurgery devices and equipment market. According to the Alzheimers Association, millions of Americans have Alzheimer’s or other dementias. As the size and proportion of the U.S. population age 65 and older continue to increase, the number of Americans with Alzheimer’s or other dementias will grow from 55 million in 2019 to 88 million by 2050.


Competitive Landscape And The Regional Analysis Of The Neurosurgery Devices And Equipment Market
Major players in the neurosurgery devices and equipment market are Medtronic, Boston Scientific Corporation, Stryker, Conmed Corporation, Smith & Nephew, Integra LifeSciences, Olympus Corporation, NICO, Karl Storz GmbH & Co. KG, and Richard Wolf GmbH.

 

Additionally, as per TBRC’s research – North America was the largest region in the neurosurgery devices and equipment market in 2021 holding the largest market share.

 

The Neurosurgery Devices And Equipment Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the neurosurgery devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the neurosurgery devices and equipment market.

Minimally Invasive Surgical Procedures And Approaches – A Key Trend In The Neurosurgery Devices And Equipment Market
Minimally invasive surgical procedures and approaches are the new frontiers in neurosurgery as they result in less pain than open surgeries, shorter recovery times, less scarring, increase surgeon mobility and reduce equipment costs. Neuroendoscopy is a minimally invasive neurosurgical procedure performed through neurosurgery devices to correct hydrocephalus, remove tumors, treat vascular disease, and manage other disorders. Neurosurgery device manufacturers are innovating and integrating technologies for advanced endoscope-assisted neurosurgery to provide efficient minimally invasive surgeries, operative procedures, clinical advances, and new technological developments.


Neurosurgery Devices And Equipment Market Segmentation By
The Business Research Company

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


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