Development of new neurosurgical devices is driving global neurosurgery market revenue growth
— Emergen Research
VANCOUVER, BC, CANADA, November 7, 2022 /EINPresswire.com/ — The global neurosurgery market size is expected to reach USD 4.91 Billion at a revenue CAGR of 4.6% in 2030, according to latest analysis by Emergen Research. The market revenue growth is primarily driven by factors such as increased utilization of neurovascular surgery, attractive medical reimbursements, growth of healthcare system throughout countries, and development of new neurovascular devices. Also, after heart illness, neurological ailments are regarded as the second most common cause of mortality worldwide. According to World Health Organization research, with rising prevalence of lifestyle illnesses, such as high blood pressure, obesity, and aging-related physiological changes in the senior population, approximately 50 million patients are at risk of acquiring neurovascular/neurological diseases. Furthermore, increasing prevalence of neurological illnesses will drive market revenue growth over the forecast period
The report provides a brief overview inclusive of the competitive landscape and key developments, policies, manufacturing costs, and processes. The report also provides the analysis of import/export, production and consumption ratio, supply and demand, cost, price, estimated revenue, and gross margins. The report further discusses in detail the driving factors influencing the growth of the market currently and in the coming years.
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Some Key Highlights in the Report
On 15 March 2022, Elekta entered into a collaborative agreement with IBA to optimize Quality Assurance (QA) solutions. The radiation therapy departments and clinics using Elekta’s treatment delivery systems benefit from QA solutions that are designed for these devices by streamlining workflows and improving access to measurement data.
The neuro-interventional devices segment accounted for largest revenue share in 2021. This can be attributed to the fact as brain aneurysms and hemorrhages are becoming more common among population. National Health Service (NHS), a publicly funded healthcare system, reports that several factors, including smoking, severe head trauma, cocaine abuse, elevated blood pressure, and others, will increase risk of developing brain aneurysms in general population and consequently increasing demand for neurovascular embolization devices.
The hospitals segment accounted for a significant revenue share in 2021. Hospitals are establishing neurosurgical setups to better address consumer demands while increasing profit margins, since they understand the potential of channel. Companies operating as manufacturers of neuro-surgical devices have expanded their Direct-To-Consumer (DTC) businesses to meet rise in demand for neurosurgery. Moreover, neurosurgical device manufacturers are creating and combining technologies for enhanced endoscope-assisted neurosurgery, to deliver effective minimally invasive surgeries, operative procedures, clinical advancements, and new technology developments.
The report is a comprehensive research study of the global Neurosurgery market inclusive of the latest trends, growth factors, developments, opportunities, and competitive landscape. The research study includes an in-depth analysis of the market using advanced research methodologies such as SWOT analysis and Porter’s Five Forces analysis. The report is formulated with data gathered from primary and secondary research examined and validated by industry experts. The report provides an overview of the market leaders, segmentation by type, application, and region, and technological advancements.
The report further explores the key business players along with their in-depth profiling, product catalog, and strategic business decisions. The key players studied in the report are
Braun SE, Medtronic, Medical Device Business Services, Inc. (J&J Subsidiary), Boston Scientific Corporation, Stryker, Terumo Corporation, Integra LifeSciences, Penumbra Inc., Adeor Medical AG, Resonetics, and Clarus Medical LLC.
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How will this Report Benefit you?
A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global Neurosurgery market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for Neurosurgery with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilise the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.
Emergen Research has segmented the global neurosurgery market based on surgery type, device type, application, end-use, and region:
Surgery Type Outlook (Revenue, USD Billion; 2019-2030)
Device Type Outlook (Revenue, USD Billion; 2019-2030)
Neuro Interventional Devices
Neurovascular Embolization Devices
Liquid Embolic Systems
Flow Diversion Stents
Neurovascular Coiling Assist Devices
Coiling Assist Stents
Coiling Assist Balloons
Neurovascular Thrombectomy Devices
Pneumatic Neurosurgical Drills
Electrical Neurosurgical Drills
Linear Accelerator Radiosurgery Systems
GammaKnife Radiosurgery Systems
Biological Dura Substitutes
Synthetic Dura Substitutes
Neurosurgical Ablation Devices
MRI Guided Focused Ultrasound Systems
MRI Guided Laser Therapy Systems
MRI Guided RF Ablation Systems
Cervical Plating systems
Application Outlook (Revenue, USD Billion; 2019-2030)
Spine And Skull Base Tumors
Traumatic Brain Injuries
Spinal Cord Injuries
Pediatric Brain Tumors
Spinal Cord Tumors
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Regional Bifurcation of the Neurosurgery Market Includes:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The report aims to provide a complete analysis of the global Neurosurgery market with important details about the key market players from insightful primary and secondary research data. The report also aims to benefit the user by providing constructive data to gain insight into market growth, size, and investment approaches. Additionally, the report provides an extensive analysis of the Neurosurgery market, including key data, such as factors influencing the growth of the market, buyers and vendors, production and consumption, and revenue.
What Questions Should You Ask before Buying a Market Research Report?
• How is the Neurosurgery market evolving?
• What is driving and restraining the Neurosurgery market?
• How will each Neurosurgery submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2030?
• How will the market shares for each Neurosurgery submarket develop from 2022 to 2030?
• What will be the main driver for the overall market from 2022 to 2030?
• Will leading Neurosurgery markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
• How will the market shares of the national markets change by 2030 and which geographical region will lead the market in 2030?
• Who are the leading players and what are their prospects over the forecast period?
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