Neurosurgery Devices And Equipment Global Market To Reach Value Of About $5 Billion In 2025

The neurosurgery devices and equipment market consists of sales of neurosurgery devices and equipment and related services. Neurosurgery devices and equipment are used to perform neurosurgical procedures that are concerned with diagnosis, prevention and treatment of disorders affecting any portion of the nervous system. Products include neurosurgical navigation systems, embolization devices, stereotactic devices, intracranial shunts, surgical clips, endoscopic devices, stereotactic radiosurgery systems, aneurysm and AVM clips.

Global Neurosurgery Devices And Equipment Market Size And Drivers:

The global neurosurgery devices and equipment market is expected to grow from $3.14 billion in 2020 to $3.55 billion in 2021 at a compound annual growth rate (CAGR) of 13.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $5.11 billion in 2025 at a CAGR of 9.5%. Rise in the neurological disorders are driving the neurosurgery devices market.

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Trends In The Global Neurosurgery Devices And Equipment Market

Minimally invasive surgical procedures and approaches are the new frontier 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 in order 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 camera assisted endoscope, high-powered operating microscope, computer-assisted navigation system and others to treat conditions in adults and children.

Global Neurosurgery Devices And Equipment Market Segments:
The global neurosurgery devices and equipment market is further segmented –
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)
By Surgery Type: Intracranial Surgery, Endonasal Neurosurgery, Spinal Surgery
By End User: Hospitals, Ambulatory Surgical Centers
By Geography: The global neurosurgery devices and equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Neurosurgery Devices And Equipment Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides neurosurgery devices and equipment market overviews, analyzes and forecasts market size and growth for the global neurosurgery devices and equipment market, neurosurgery devices and equipment market share, neurosurgery devices and equipment market players, neurosurgery devices and equipment market segments and geographies, neurosurgery devices and equipment market’s leading competitors’ revenues, profiles and market shares. The neurosurgery devices and equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.