Global Neurosurgery Devices Market is expected to grow at a CARG of 13% during the forecast period 2020-2027
A new research report published by Fior Markets with the title Neurosurgery Devices Market By Device (CSF Management Devices, Neurointerventional Devices, Neuro Surgical Navigation Systems, Neurostimulation Devices, Neurosurgery Surgical Power Tools, Other), Application (Neuroendoscopy, Spinal Cord Stimulation, Deep Brain Stimulation), End-User (Ambulatory Surgery, Hospitals), Region, Growth, Trends, And Forecast 2020 To 2027.
The global neurosurgery devices market is expected to grow from USD 7.4 billion in 2019 to USD 8.2 billion by 2027, at a CARG of 13% during the forecast period 2020-2027. The North America region dominates the global market of Neurosurgery Devices. U.S. being the dominant country of this region. Supported by the highly skilled surgeons and positive reimbursement. Also, the growing cases of CSF management surgery, Spinal Cord Surgery and other drive this market.
In this region, there has been a great increase in the number of individuals undergoing for the treatment of many neurosurgical procedures. Europe is the second largest region with chronic pain which is the major complications with increasing burden of cerebral disorder cases. And Asia-Pacific is has the highest growth rate, due to the increasing demand of highly sophisticated healthcare infrastructure, heightened ventured by companies from abroad and increasing uptake of minimally invasive surgeries.
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The major players of this market are, Boston Scientific Corporation, Karl Storz, B. Braun Melsungen, Nevro Corporation, Medtronic, Abbott, Hawk, Adeor Medical, Ackermann Instrument, Machida Endoscope.
- Braun has distanced itself from the pricing strategy after observing that some sellers are taking advantage of the increased demand due to the coronavirus pandemic.
The device segment includes CSF Management Devices, Neurointerventional Devices, Neuro Surgical Navigation Systems, Neurostimulation Devices, Neurosurgery Surgical Power Tools, Other. The market is dominated by Neurostimulation devices with the availability of clinical data of efficacy& safety of the devices and presence of advanced neurostimulation devices. The Application segment includes Neuroendoscopy, Spinal Cord Stimulation, Deep Brain Stimulation. The deep brain stimulation is sub-segmented into depression, Parkinson’s disease, tremor and other. Parkinson’s disease has the largest share, due to rising incidence of this disease. The End-user segment includes Ambulatory Surgery and hospitals. Hospitals dominates the market.
There are many factors which drive the demand of this market. Some of them are, increasing awareness about new technologies, liquid embolic, neurological disorders, new innovative neurosurgical devices and many more. The high cost of Neurosurgical devices is the restrain to its market.
About the report:
The global neurosurgery devices market is analyzed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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- CDN Newswire