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How Will the Neurosurgery Devices And Equipment Market’s Growth Rate Evolve Over the Forecast Period to 2034?

There has been substantial growth in the market size for neurosurgery devices and equipment in the last few years. The market is projected to expand from a value of $8.61 billion in 2024 to $9.9 billion in 2025, indicating a compound annual growth rate (CAGR) of 15.0%. The growth seen in the past can be associated with factors such as the rise in neurological disorders, an aging population, collaboration across disciplines, and innovation in surgery.

The market size of neurosurgery devices and equipment is projected to experience swift expansion in the coming years, reaching an estimated value of $16.97 billion in 2029 with a compound annual growth rate (CAGR) of 14.4%. The expected growth in the forecasted period is linked to factors such as minimally invasive procedures, burgeoning markets expansion, regulatory backing and reimbursement, and advancements in telehealth and remote consultation capabilities. Key trends that will shape the market in the forecast period encompass robotic-assisted surgeries, enhanced imaging and navigation techniques, personalized healthcare solutions, remote supervision, and post-operative care.

Which Drivers Are Expected to Have the Greatest Impact on the Neurosurgery Devices And Equipment Market’s Growth?

The neurosurgery equipment market is being propelled forward by an increase in neurological disorders. Neurological disorders originate from disruptions in the nervous system, encompassing the spinal cord and brain, and include diseases such as epilepsy and Alzheimer’s. As per US Pharmacist, stroke dominates common neurological disorders with a share of 51.3%, followed by Alzheimer’s disease 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%. What’s more, 1.2 million individuals are routinely diagnosed with adult-onset brain disorders. The upswing in these disorders is invigorating the neurosurgery devices and equipment market. The Alzheimer’s Association reports that an impressive number of Americans are suffering from Alzheimer’s or other types of dementias. With the segment of the U.S. population aged 65 and above projected to expand, the count of Americans with Alzheimer’s is anticipated to reach 13.8 million by 2060.

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Who Are the Influential Players Reshaping the Neurosurgery Devices And Equipment Market Landscape?

Major companies operating in the neurosurgery devices and equipment market include Medtronic plc, Boston Scientific Corporation, Stryker Corporation, Conmed Corporation, Smith & Nephew plc, Integra LifeSciences, Olympus Corporation, Karl Storz GmbH & Co. KG, Richard Wolf GmbH, Johnson & Johnson Services Inc., B. Braun Melsungen AG, Terumo Corporation, Boiotronic Inc., Abbott Laboratories, DePuy Synthes Companies, BrainLAB AG, Zimmer Biomet Holdings Inc., GE Healthcare, NuVasive Inc., ArthroCare Corporation, Vycor Medical Inc., Penumbra Inc., Leica Camera, Carl Zeiss AG, Moller-wedel Optical GmbH, Synaptive Medical Inc., Mizuho OSI, Monteris Medical Inc., NeuroLogica Corporation, NeuroPoint Alliance (NPA), Neurosurgery Research and Education Foundation (NREF), AiM Medical Robotics, Inner Cosmos Inc., AcureX Therapeutics, Novadip Biosciences, Rebstock Instruments GmbH, AKTORmed GmbH

What Current Trends in the Neurosurgery Devices And Equipment Market Should Industry Players Pay Attention To?

Neurosurgery is increasingly embracing less invasive surgical procedures and approaches due to their numerous benefits such as reduced pain compared to open surgeries, quicker healing, minimal scarring, increased mobility for surgeons, and lowered equipment expenditures. Neuroendoscopy, a minimally invasive neurosurgical intervention done through neurosurgery devices, is used to address hydrocephalus, tumor removal, vascular disease treatment, and other disorders management. There is a consistent drive from neurosurgery device producers towards innovation and technology integration to ensure proficient minimally invasive surgeries, operational processes, clinical improvements, and fresh technological developments. This has seen end-users, including hospitals, ambulatory surgical centers amongst others adopt the use of smartphones with endoscopes to carry out safe and effective endoscope-assisted neurosurgeries. For example, in New York-Presbyterian Hospital/Columbia University Medical Center, there’s a strong preference for minimally invasive neurosurgeries over open surgeries. This is made possible using specialized tools and technologies like a camera-assisted endoscope, high-powered operating microscope, computer-assisted navigation system amongst others to manage conditions in both adult and paediatric patients.

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Which Key Segments Define the Structure of the Neurosurgery Devices And Equipment Market and Their Growth Potential?

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)

Which Geographic Locations Are Critical to the Growth of 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.

What Are the Key Characteristics That Define the Neurosurgery Devices And Equipment Market?

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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