Global Neurosurgery Devices Market to Grow at 10.9% During 2024-2032, Spurred by Increasing Incidences of Neurological Disorders

April 19, 2021 | Healthcare

According to the latest report by IMARC Group, titled “Neurosurgery Devices Market Report by Product Type (Neurostimulation Devices, Neurointerventional Devices, Neurosurgical Navigation Systems, Cerebral Spinal Fluid (CSF) Management Devices, and Others), Application (Spinal Cord Stimulation, Deep Brain Stimulation, Neuroendoscopy), End-User (Hospitals, Ambulatory Surgical Centers, and Others), and Region 2024-2032,” the global neurosurgery devices market reached a value of US$ 11.6 Billion in 2023. Neurosurgery devices are used for performing and treating pathologies in the central and peripheral nervous systems. They are mainly utilized for diagnosing, preventing, and treating neurological disorders and conditions like epilepsy and traumatic brain, depression, and spinal cord injuries. They also aid in conducting discectomies, microsurgeries and adjusting the skull bone during surgeries.

Global Neurosurgery Devices Market Trends:

The increasing incidences of neurological disorders, especially among the geriatric population, represents one of the key factors augmenting the market growth. Besides this, the growing awareness among the masses about the available effective treatments are also contributing to the growth of the market. Moreover, the leading manufacturers are introducing technological advancements, including the development of innovative minimally invasive (MI) equipment like liquid embolic and clot retrieval devices, flow diversion, balloon catheters and neuroendovascular stents. This, in confluence with improvements in the healthcare infrastructure and extensive research and development (R&D) activities, is positively influencing the market. On account of these factors, IMARC Group expects the global neurosurgery devices market to grow at a CAGR of 10.9% during 2024-2032.

Market Summary:

  • Based on the product type, the market has been divided into neurointerventional devices, neurostimulation devices, neurosurgical navigation systems, cerebral spinal fluid (CSF) management devices and others.
  • On the basis of the application, the market has been segmented into spinal cord stimulation (chronic pain, failed back surgery syndrome and ischemia), deep brain stimulation (Parkinson’s disease, tremor, depression and others) and neuroendoscopy (transnasal, intraventricular and transcranial).
  • Based on the end-user, the market has been classified into hospitals, ambulatory surgical centers, and others.
  • Region-wise, the market has been segregated into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (the United Kingdom, Germany, France, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa.
  • The competitive landscape of the market has been examined, with some of the key players being Abbott Laboratories, Ackermann Instrumente GmbH, Adeor Medical AG, B. Braun Melsungen AG, Biotronik SE & Co. KG, Boston Scientific Corporation, DePuy Synthes Inc., Integra LifeSciences Corporation, Johnson & Johnson Services, Inc., Medtronic Plc, Nevro Corp, Nihon Kohden Corporation, Penumbra Inc., and Stryker Corporation.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Product Type, Application, End-User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Abbott Laboratories, Ackermann Instrumente GmbH, Adeor Medical AG, B. Braun Melsungen AG, Biotronik, Boston Scientific Corporation, DePuy Synthes Inc., Integra LifeSciences Corporation, Johnson & Johnson Services Inc., Medtronic Plc, Nevro Corporation, Nihon Kohden Corporation, Penumbra Inc. and Stryker Corporation
Customization Scope 10% Free Customization
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Global Neurosurgery Devices Market to Grow at 10.9% During 2024-2032, Spurred by Increasing Incidences of Neurological Disorders
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