Global Neurosurgery Devices Market Bwc19308

Global Neurosurgery Devices Market by Product (Neuromodulation (Spinal Cord Stimulation, Deep Brain Stimulation) Neuroendoscopy), Application (Chronic Pain, Depression, Parkinson’s, Ischemia, Transnasal Neuroendoscopy), By Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America); Trend Analysis, Competitive Market Share & Forecast, 2015-25
- Published Date: October 2019
- Report ID: BWC19308
- Available Format: PDF
- Page: 125
Report Overview
Global
Neurosurgery Devices Market: Overview
Neurosurgery is a medical surgery for treatment or
diagnosis of patients suffering from diseases/disorders of the spinal
cord/column, brain, and peripheral nerves within all parts of the body. Both
adult and pediatric patient category comes under neurosurgical care, type of
neurosurgery such as surgical and/or non-surgical care depend upon the injury
or disease nature. The devices used for complex neurosurgery treatment are
generally known as neurosurgery devices such as CSF management devices, and
neurosurgical navigation devices. The key function of neurosurgery devices is
prevention, treatment & diagnosis of various neurosurgical
disorders/disease conditions such as Alzheimer's. Parkinson's, epilepsy,
depression, traumatic brain injury, and other related spinal cord injuries.
Technological advancement developed various neurosurgical devices for addressing
unmet needs in the neurology field.
Global
Neurosurgery Devices Market Forecast and Trends
The Neurosurgery Devices market anticipated reaching
significant growth, with a considerable CAGR of 8.6%. Factors such as 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. Across the globe, the neurological disorder is leading cause for
morbidity and disability, rising healthcare expenditure and infrastructure
coupled with technological advancement in surgical devices over traditional
devices offer significant opportunities for the market players for the growth
of the global neurological devices market during the forecast period of
2019-2025.
Growth
Drivers
Benefits
of Neuroendoscopic Surgery Over Conventional Brain Surgery
In the conventional method of open surgery, the surgeon
proceeds with the skull opening and creates a large opening to access the
brain. Techniques involving smaller openings with the aid of microscopes and
endoscopes are now being used as well. The neuroendoscopic surgery considered
more effective and safer than conventional surgery in children with certain
life-threatening conditions, including brain tumors. Cerebrospinal fluid
management devices and neurostimulation devices share a commendable market
share in the neurosurgery devices market and anticipated to drive the
neurosurgical device market during the forecast period. Rising life expectancy
and the aging population will further increase the prevalence of various
neurological disorders, thereby driving the market of neurosurgery devices
market.
Rising
Prevalence of Neurological Diseases to Drive the Market
The rising prevalence rate of neurological diseases,
the introduction of novel diagnostic technology for neurological diseases, and
increasing awareness programs organized by governmental and non-governmental
organizations are rising the demand for neurological devices in the global
market. Minimally invasive neurosurgical devices are most preferred in the
existing patient population and also been proven to improve patient outcomes,
declining hospitalization, and overall cost of neurosurgery. Neurosurgery
devices such as NICO' Myriad and Penumbra neurosurgical evacuation devices
capable of the removal of intracranial hemorrhage using the minimally invasive
technique.
High
Cost of Neuroendoscopy Procedures and Equipment
The technological advancement in terms of surgery and
devices directly linked with rising costs, which is the key factor anticipated
to hamper the growth of the neurological device market in the forecasted period
of 2019-2025.
Global
Neurosurgery Devices Market: Product Type
Based on product type, the global neurosurgical device
market is segmented into Neuroendoscopy and neuromodulation devices. 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.
Global
Neurosurgery Devices Market: Application Type
Based on the application, the global neurosurgery market is segmented into spinal cord stimulation (chronic pain, failed back surgery syndrome, and ischemia), deep brain stimulation, and neuroendoscopy applications. Amidst the application, Parkinson's disorder/disease anticipated to contribute to the significant market share in the global neuro disorder market in 2018, due to increasing cases of Parkinson's incidence. In addition, developing trends of R&D in deep brain stimulation contribute to the rising global market coupled with the geriatric population and rising rate of age-related neurological disorders.
Global
Neurosurgery Devices Market: Regional Insights
Amidst geography, North America is anticipated to share a large market share with the key growth driving factors such as increasing rate of neurological surgeries, advancement in neurosurgical devices, increasing healthcare expenditure as well as the presence of reimbursement policies coupled with supporting healthcare infrastructure. Followed by North America, Asia-Pacific is expected to witness significant growth rate due to rising geriatric population, government initiatives, and rising consumer awareness with the enhancement in medical tourism in emerging economies, such as China and India, during the forecast period of 2019-2025.
The Objective of the Study:
To analyze and forecast the
global neurosurgery devices market size of the market, in terms of value.
To examine the careful
market segmentation and forecast the market size, in terms value, based on the
region by segmenting the global neurosurgery devices market into five regions,
namely, North America, Europe, Asia Pacific, Middle East & Africa, Latin
America and their leading countries.
To outline, categorized and
forecast the global neurosurgery devices market based on the product type,
application and end user.
To examine competitive
developments like technological advancement, services, and regulative framework
within the global neurosurgery devices market.
To highlight the impact
analysis of the factors, affecting the market dynamics such as drivers,
restraints, opportunities, and challenges.
To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.
Scope of the Report
By
Product
·
Neuromodulation
Devices
o
Internal Neuromodulation Devices
§ Spinal
Cord Stimulation Devices
§ Deep
Brain Stimulation Devices
§ Other
Internal Neuromodulation Devices
o
External Neuromodulation Devices
·
Neuroendoscopy
Devices
By
Application
·
Spinal
Cord Stimulation
o
Chronic Pain
o
Failed Back Surgery Syndrome
o
Ischemia
·
Deep
Brain Stimulation
o
Parkinson's Disease
o
Tremor
o
Depression
o
Other DBS Applications
·
Neuroendoscopy
o
Transnasal Neuroendoscopy
o
Intraventricular Neuroendoscopy
o
Transcranial Neuroendoscopy
By
Region:
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
Competitive
Landscape
·
Medtronic
·
Boston Scientific Corporation
·
Stryker
·
Johnson & Johnson Services, Inc.
·
CONMED Corporation
·
B. Braun Melsungen AG
·
TERUMO CORPORATION
·
BIOTRONIC
·
Smith & Nephew
·
Integra LifeSciences
·
Other Prominent Player
Business
Questions Answer by The Report
·
How will the market drivers, restraints and
opportunities affect the market dynamics?
·
What will be the market size in terms of
value and volume and market statistics with a detailed classification?
·
Which segment dominates the market or
region and one will be the fastest growing and why?
·
A comprehensive survey of the competitive
landscape and the market participant players
·
Analysis of strategy adopted by the key
player and their impact on other players.
Customization
Scope for the Client
Client satisfaction is our first and last priority and
that’s why BlueWeave Consulting offers customization according to Company’s
specific needs. The following customization options are available for the
report:
Additional
Company Information
·
With five additional company detail
analysis
· Additional country analysis
· Detailed segment analysis
1. Research Framework
1.1. Research
Objective
1.2. Product
Overview
1.3. Market
Segmentation
2. Research Methodology
2.1. Qualitative
Research
2.1.1.
Primary & Secondary Sources
2.2. Quantitative
Research
2.2.1.
Primary & Secondary Sources
2.3. Breakdown
of Primary Research Respondents, By Region
2.3.1.
Secondary Research
2.3.2.
Primary Research
2.4. Breakdown
of Primary Research Respondents, By Industry Participants
2.5. Market
Size Estimation
2.6. Assumption
for the Study
2.7. Market
Breakdown & Data Triangulation
3. Executive Summary
4. Global Neurosurgery Devices Market -
Industry Insights
4.1. Value
Chain Analysis
4.2. DROC
Analysis
4.2.1.
Growth Drivers
4.2.2.
Restraints
4.2.3.
Opportunities
4.2.4.
Challenges
4.3. Technological
Landscape
4.4. Regulatory
Framework
4.5. Company
Market Share Analysis,2018
4.6. Competitor
Analysis, 2018
4.7. Porter’s
Five Forces Analysis
4.8. Pest
Analysis
4.9. Strategic
Outlook
5. Global Neurosurgery Devices Market
Overview
5.1. Market
Size & Forecast
5.1.1.
By Value (USD Million)
5.2. Market
Share & Forecast, 2015 - 2025
5.2.1.
By Product
5.2.1.1.
Neuromodulation Devices
5.2.1.1.1.
Internal Neuromodulation Devices
5.2.1.1.1.1.
Spinal Cord Stimulation Devices
5.2.1.1.1.2.
Deep Brain Stimulation Devices
5.2.1.1.1.3.
Other Internal Neuromodulation Devices
5.2.1.1.2.
External Neuromodulation Devices
5.2.1.2.
Neuroendoscopy Devices
5.2.2.
By Application
5.2.2.1.
Spinal Cord Stimulation
5.2.2.1.1.
Chronic Pain
5.2.2.1.2.
Failed Back Surgery Syndrome
5.2.2.1.3.
Ischemia
5.2.2.2.
Deep Brain Stimulation
5.2.2.2.1.
Parkinson's Disease
5.2.2.2.2.
Tremor
5.2.2.2.3.
Depression
5.2.2.2.4.
Other DBS Applications
5.2.2.3.
Neuroendoscopy
5.2.2.3.1.
Transnasal Neuroendoscopy
5.2.2.3.2.
Intraventricular Neuroendoscopy
5.2.2.3.3.
Transcranial Neuroendoscopy
5.2.3.
By Region
5.2.3.1.
North America
5.2.3.2.
Europe
5.2.3.3.
Asia-Pacific
5.2.3.4.
Latin America
5.2.3.5.
Middle East and Africa
6. North America Neurosurgery Devices Market
6.1. Market
Estimates & Forecast, 2015 - 2025
6.1.1.
By Product
6.1.2.
By Application
6.1.3.
By Country
6.1.3.1.
US
6.1.3.2.
Canada
7. Europe Neurosurgery Devices Market
7.1. Market
Estimates & Forecast, 2015 - 2025
7.1.1.
By Product
7.1.2.
By Application
7.1.3.
By Country
7.1.3.1.
UK
7.1.3.2.
Germany
7.1.3.3.
France
7.1.3.4.
Russia
7.1.3.5.
Spain
8. Asia-Pacific Neurosurgery Devices
Market
8.1. Market
Estimates & Forecast, 2015 - 2025
8.1.1.
By Product
8.1.2.
By Application
8.1.3.
By Country
8.1.3.1.
China
8.1.3.2.
India
8.1.3.3.
Japan
8.1.3.4.
South Korea
9. Latin America Neurosurgery Devices
Market
9.1. Market
Estimates & Forecast, 2015 - 2025
9.1.1.
By Product
9.1.2.
By Application
9.1.3.
By Country
9.1.3.1.
Brazil
9.1.3.2.
Mexico
10. Middle East & Africa Neurosurgery
Devices Market
10.1.
Market Estimates & Forecast, 2015 -
2025
10.1.1. By
Product
10.1.2. By
Application
10.1.3. By
Country
10.1.3.1.
Saudi Arabia
10.1.3.2.
UAE
10.1.3.3.
South Africa
11. Company Profiles (Company Overview, Financial
Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address,
and Strategic Outlook) *
11.1.
Medtronic
11.2.
Boston Scientific Corporation
11.3.
Stryker
11.4.
Johnson & Johnson Services, Inc.
11.5.
CONMED Corporation
11.6.
B. Braun Melsungen AG
11.7.
TERUMO CORPORATION
11.8.
BIOTRONIC
11.9.
Smith & Nephew
11.10.
Integra LifeSciences
11.11.
Other Prominent Player
12. Strategic Recommendation
*Financial
Details Not Be Captured in Case of Unlisted Companies
**The
segmentation and the companies are subjected to modifications based on in-depth
secondary for the final deliverable.
Market Segmentation
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