Minimally invasive neurosurgical devices expected to drive the Neurosurgery Devices Market in the forecast period of 2019-2025.
Published Date | 2019 October 25
BlueWeave Consulting review study of the Neurosurgical Devices Market anticipated to propel with a significant CAGR of over 8.6% in the forecasted period of 2019-2025. Cerebrospinal fluid management devices and neurostimulation devices consumed during minimally invasive neurosurgery held a significant share in the neurosurgery devices market and expected to drive the market through the forecast period. The rising rate of the geriatric population linked with neurological disorders and becoming the key factor in driving minimally invasive neurosurgery devices market. Among people, the increasing awareness and the surgeons have benefitted the growth of the market in the developing countries. In developing economies and developed economies, the market is facing saturation and limited opportunities. During the forecast period, there will be an enhancement in neurological disorders patients with a change in lifestyle.
Internal neuromodulation devices expected to dominate the global neurosurgery devices market
The neuromodulation neurosurgical devices are further categorized into internal neuromodulation devices (Spinal Cord Stimulation Devices, Deep Brain Stimulation Devices, and Other Internal Neuromodulation Devices). In the existing trend, the major market share is shared by Internal Neuromodulation Devices with the increasing neurosurgical disorder prevalence rate, rising cases of brain surgery, increasing transcutaneous neurostimulators demand, and advancement in technology anticipated to boost the global neurosurgery devices market in the upcoming years.
Rising prevalence rate of neurological disorder anticipated to dominate the market in forecasted period
The rising prevalence rate of neurological disorders/diseases, advantages over conventional brain surgeries & increasing R&D efforts for neuromodulation application base are driving the growth of the global neurosurgical device market with a significant growth rate. Increasing preference towards minimal invasive neurosurgery is becoming one of the growth driven factors in global neurosurgical devices during the forecast period of 2019-2025. Factors such as the high prevalence of neurological disorders, a large number of neurosurgical procedures performed, and the presence of a favorable reimbursement structure, as well as the presence of favorable healthcare infrastructure, are supporting the growth of the North American neurosurgery devices market..
Neurosurgery devices market: Competitive Landscape
Some of the major industry players are Medtronic, Boston Scientific Corporation, Stryker, Johnson & Johnson Services, Inc., CONMED Corporation, B. Braun Melsungen AG, TERUMO CORPORATION, BIOTRONIC, Smith & Nephew, Integra LifeSciences and Other Prominent Players.
The in-depth analysis of the report provides the growth potential, upcoming trends and statistics of nutraceutical products market size & forecast. The report promises to provide state-of-the-art technology of neurosurgery devices and industry insights which help decision makers to take sound strategic decisions. Furthermore, the report also analyzes the market drivers and challenges and competitive analysis of the market.
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