Global MRI Guided Neurosurgical Ablation Market: Overview
Globally, the expenditure on healthcare services has grown dramatically in both developed and developing regions because of technological advancements and efforts made to provide better quality of treatment to patients. Growing awareness about the minimally invasive surgeries has increased the demand for MRI guided neurosurgical ablation. The demand for MRI guided neurosurgical procedure is emerging from countries like Germany, the U.S., U.K., and Australia as people in these countries have the capability to afford this procedure. In 2017, the Oxford University published a study stating that 5.57 per 100,000 individuals are suffering from brain cancer across the globe. Thus, the growing prevalence of brain cancer has increased the demand for MRI guided neurosurgical ablation, as it is mainly used for treating brain cancer.
The global MRI guided neurosurgical ablation market is classified on the basis of product type and end-user. Based on end user, the market is likely to be divided into hospitals, research laboratories, and ambulatory surgical centers. Of these, hospitals segment is projected to lead the market due to increasing number of people visiting hospitals to be treated for brain cancer. In addition, during the forecast tenure, the ambulatory surgical centers are estimated to account a high value of share in the market.
The report gives the in-depth evaluation of the global MRI guided neurosurgical ablation market by elaborating on segments, market competition, and other market dynamics. The report also throws lights on various trends an opportunities present in the market that will help the market to grow at its full potential in the near future.
Global MRI Guided Neurosurgical Ablation Market: Trends and Opportunities
The demand for minimally invasive MRI guided neurosurgery has grown significantly in the past few years due to increasing technological advancements such as MRI-guided laser ablation platforms created by Monteris and Visualase and MRI Interventions neurosurgical navigation platform. MRI guided platforms are mostly used by the usual diagnostic MRI sets. According to recent study of neurologists and neurosurgeons showed that 80% of examinee believed that the real-time MRI guidance is the upcoming functional neurosurgery. Moreover, MRI guided technologies is not only restricted to future applications and researchers. Nowadays, clinicians are executing various MRI guided neurosurgical procedures on a regular basis that comprises of a large number of patients that will escalate the market growth in the coming years.
Global MRI Guided Neurosurgical Ablation Market: Regional Analysis
Geographically, the global MRI guided neurosurgical ablation market is divided into North America, Asia Pacific excluding Japan (APEJ), China, Eastern Europe, Western Europe, Latin America, Japan, and the Middle East and Africa. Of these regions, North America dominated the market in 2017 by holding maximum share in the market. During the forecast tenure, North America is expected to continue to lead the market due to rising adoption of minimally invasive surgeries and growing incidence of cancer in the region.
In addition, countries in APEJ, Japan, and China are regions growing at a rapid rate for MRI-guided neurosurgical ablation. This is because various key manufacturers in the market are highly investing in these regions. The Middle East and Africa and Latin America are expected to experience sluggish growth in the global MRI guided neurosurgical ablation market owing to lack of medical professionals and lack of awareness about MRI guided neurosurgery in these regions.
Global MRI Guided Neurosurgical Ablation Market: Companies Mentioned
The global MRI guided neurosurgical ablation market marks the presence of leading players such as Monteris Medical Inc, Medtronic plc, Insightec Lmt, Boston Scientific Corporation, AngioDynamics Inc, and MRI Intervention Inc. Several leading players in the market are working on strengthening their position in the regional as well as global market by adopting long-term growth strategies. Moreover, companies are also investing in emerging economies to increase their sales in these regions.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?