How Is The Neurosurgery Devices And Equipment Market Segmented?
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)
What Is Driving The Neurosurgery Devices And Equipment Market? Rising Neurological Disorders Fueling Growth In The Neurosurgery Devices Market
The rise in neurological disorders is driving the neurosurgery devices market. A neurological disorder is caused due to the effect on the nervous system which includes the spinal cord, and brain. These disorders include epilepsy and Alzheimer's. 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 Alzheimer's Association, millions of Americans have Alzheimer’s or other dementias. As the size and proportion of the U.S. population aged 65 and older continue to increase, the number of Americans with Alzheimer’s will grow by 13.8 million by 2060.
What Is Driving The Neurosurgery Devices And Equipment Market? Rising Geriatric Population Fuels Growth In The Neurosurgery Devices And Equipment Market
An increase in the geriatric population is expected to propel the growth of the neurosurgery devices and equipment market going forward. The geriatric population refers to the segment of the population that is elderly or older, typically aged 65 and older. Neurosurgery devices and equipment are commonly used in the geriatric population for the diagnosis, treatment, and management of various neurological conditions and disorders. For instance, in October 2022, WHO, a specialized agency of the United Nations responsible for international public health stated that in 2050, 80% of older people will be living in low- and middle-income countries. Therefore, an increase in the geriatric population is expected to propel the growth of the neurosurgery devices and equipment market.
Who Are The Major Players In The Global Neurosurgery Devices And Equipment Market?
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 Are The Key Trends Of The Global Neurosurgery Devices And Equipment Market? Advancements In Minimally Invasive Neurosurgery Integration Of Technology And Innovative Approaches
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. For instance, end-users such as hospitals, ambulatory surgical centers, and others are using smartphones with endoscopes for performing safe and efficient endoscope-assisted neurosurgery. In New York-Presbyterian Hospital/Columbia University Medical Center, minimally invasive neurosurgeries are preferred over open surgeries with the help of specialized instruments and technologies such as a camera-assisted endoscope, high-powered operating microscope, computer-assisted navigation system, and others to treat conditions in adults and children.
What Are The Key Trends Of The Global Neurosurgery Devices And Equipment Market? Advancements in Neurosurgery Devices And Equipment with the Launch of the MindsEye Expandable Port
Major companies operating in the neurosurgery devices and equipment market are developing innovative products such as expandable brain port to enhance surgical access and improve patient outcomes in neurological procedures. The Expandable Brain Port is a medical device designed to facilitate access to the brain during neurosurgical procedures that can be expanded once positioned, allowing surgeons to gain easier access to targeted areas of the brain while minimizing damage to surrounding tissues. For instance, in August 2022, Minnetronix Medical Inc., a US-based medical technology & device company launched MindsEye Expandable Port. MindsEye Expandable Port is the world's first expandable brain port specifically designed for neurosurgery. The MindsEye port allows for deep brain access with minimal tissue disruption, enhancing visibility and safety during procedures to treat conditions such as stroke and cancer. Its unique expandable design enables surgeons to adjust the size of the port during surgery, facilitating easier insertion and removal while maintaining a clear view of surrounding tissues.
Regional Outlook For The Global Neurosurgery Devices And Equipment Market
North America was the largest region in the global neurosurgery devices and equipment market in 2024. 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.
The countries covered in the neurosurgery devices and equipment market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
What Defines the Neurosurgery Devices And Equipment Market?
The neurosurgery devices and equipment market consists of sales of neurostimulation devices, neuroendoscope, cerebrospinal fluid management devices, neurosurgical evacuation device, neurosurgery surgical power tools, ultrasonic aspirators, and surgical instruments. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
How is Market Value Defined and Measured?
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
What is the Market Assessment and Strategic Outlook for the Neurosurgery Devices And Equipment Industry?
The neurosurgery devices and equipment market research report is one of a series of new reports from The Business Research Company that provides neurosurgery devices and equipment market statistics, including neurosurgery devices and equipment industry global market size, regional shares, competitors with a neurosurgery devices and equipment market share, detailed neurosurgery devices and equipment market segments, market trends and opportunities, and any further data you may need to thrive in the neurosurgery devices and equipment industry. This neurosurgery devices and equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
