The growing
prevalence of neurological diseases, efforts to develop the application base
for neuromodulation, and the benefits of neuroendoscopic surgeries over
conventional brain surgeries are driving the growth of the neurosurgery devices
market.
Neurosurgery Devices Market: Impact Analysis
1. Neurosurgery Devices: Market Overview
2. Neurosurgery Devices Market for Spinal Cord Stimulation
3. Rising Prevalence of Neurological Diseases
4. Emerging Economies
5. Benefits of Neuroendoscopic Surgery
The neurosurgery
devices market is expected to grow from USD 7.3 billion in 2019 to USD 13.5
billion in 2024, at a CAGR of 13.0%.
Key Questions Addressed in The Report:
1. Who are the top 10 players
operating in the global Neurosurgery Devices market?
2. What are the drivers, restraints, opportunities, and challenges in the Neurosurgery
Devices Industry?
3. What are the opportunities
for stakeholders and provide details of the competitive landscape for key
players?
4. What will be growth of Neurosurgery Devices in North America, Europe, Asia
Pacific, Latin America, and the Middle East and Africa?
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Neuromodulation Devices:
The neuromodulation devices segment is projected to register the highest
growth during the forecast period. The rising prevalence of neurological
disorders and the increasing number of brain surgeries are driving the growth
of the neuromodulation devices market.
Parkinson’s
disease:
On the
basis of application, the market is segmented into spinal cord stimulation,
deep brain stimulation, and neuroendoscopy applications. The
deep brain stimulation applications market is further segmented into
Parkinson’s disease, tremor, depression, and other DBS applications
(Alzheimer’s disease, dystonia, and Tourette syndrome). Parkinson’s disease
segment accounted for the largest share of the deep brain stimulation
applications market in 2018. The large share of this segment can be attributed
to the rising incidence of Parkinson’s, along with the growing number of
researches conducted in this field.
North America to Dominate The Industry:
North America accounted for the largest share of the market. Factors such
as the high prevalence of neurological disorders, large number of neurosurgical
procedures performed, and the presence of a favorable reimbursement structure
are supporting the growth of the North American neurosurgery devices market.
However, the Asia Pacific market is projected to register the highest CAGR of
14.8% during the forecast period, primarily due to the growing geriatric
population in Japan and China and healthcare reforms and government initiatives
& investments in several APAC countries.
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Key Players:
Major
players in this neurosurgery instruments market include B. Braun Melsungen
(Germany), Medtronic (US), Boston Scientific Corporation (US), Nevro
Corporation (US), KARL STORZ (Germany), Abbott (US), Ackermann Instrumente
(Germany), Hawk (China), Machida Endoscope (Japan), and adeor Medical (Germany).
