Precision Business Insights has published a report on the global neurosurgery devices market, estimating its value at USD 13.2 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 11.3% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
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The market refers to the industry surrounding specialized tools and instruments used in surgical procedures involving the brain, spinal cord, and peripheral nerves. These devices are essential for diagnosing, treating, and managing neurological conditions such as brain tumors, Parkinson's disease, epilepsy, and spinal disorders.
The neurosurgery devices market is driven by several key factors that contribute to its growth and expansion:
- Rising Neurological Disorders: Increasing cases of Parkinson's disease, epilepsy, chronic migraines, and brain tumors are fueling demand for neurosurgical interventions.
- Advancements in Technology: Innovations in neurostimulation devices, neurointerventional tools, and neurosurgical navigation systems are enhancing precision and efficiency in surgeries.
- Growing Aging Population: The elderly are more prone to neurological conditions, leading to a higher demand for neurosurgical treatments.
- Minimally Invasive Procedures: Surgeons and patients prefer less invasive techniques that reduce recovery time and complications, boosting the adoption of advanced neurosurgery devices
The global neurosurgery devices market segmentation:
1) By Product: Neuromodulation Devices, and Neuroendoscopy Devices
2) By Application: Spinal Cord Stimulation, Deep Brain Stimulation, Neuroendoscopy, Parkinson's Disease, and Others
3) By End-user: Hospitals, Ambulatory Surgical Centers, and Others
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Regional Overview:
The report also examines the current concerns and their Future Effects on the neurosurgery devices market by region. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like Braun Melsungen, Medtronic, Boston Scientific Corporation, Nevro Corporation, KARL STORZ, Abbott, Ackermann Instrumente, Hawk, Machida Endoscope, Adeor Medical
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