Get In Touch

Neurosurgery is a medical specialty that deals with the treatment of patients afflicted with injury or diseases of brain, spinal cord, and peripheral nervous system. Neurosurgery devices are widely used for the treatment of various neurological disorders that cannot be cured just with therapeutic drugs. Common neurological disorders include stroke, Parkinson’s disease, Alzheimer’s disease, Epilepsy, and multiple sclerosis. Different types of neurosurgical devices have been developed to address the unmet needs in the neurology field. Large numbers of devices are still under development. Commonly used neurosurgical devices include neurostimulation devices, CSF management devices, and neurosurgical navigation devices. 

The global neurosurgery devices market is projected to be driven by the high prevalence and rise in incidence rates of various neurological disorders across the world. More than 46.8 million people across the globe suffered from Alzheimer’s disease in 2015. This number crossed 50 million by the end of 2017. According to Parkinson’s News Today, around 7 to 10 million people across the globe are currently suffering from Parkinson’s disease. Neurological disorder is one of the leading causes of disability and morbidity across the world. In 2015, neurological disorder was ranked as the leading cause of group of DALYs (Disability Adjusted Life Years). It constituted 10.2% share of the global DALYs in the year. Technological advancements in neurosurgery devices such as minimally invasive surgical devices, development of neurosurgery software, and advancements in neurostimulation devices are estimated to fuel the neurosurgery devices market during the forecast period. On the other hand, high cost of neurosurgical devices and lack of skilled professionals in developing and underdeveloped countries are likely to restrain the neurosurgery devices market. 

The global neurosurgery devices market can be segmented based on product, end-user, and region. In terms of product, the global market can be divided into neurointerventional devices, neurostimulation devices, neurosurgical navigation systems, neurosurgery surgical power tools, CSF management devices, and other neurosurgery devices. Neurostimulation devices are electrical stimulation devices used to deliver electrical stimulation to specific parts of the brain, and central and peripheral nervous system for the treatment of various neurological disorders. The neurostimulation devices segment can be bifurcated into implantable neurostimulators and transcutaneous neurostimulators. The neurostimulation devices segment is projected to account for significant share of the market during the forecast period. Rise in demand for transcutaneous neurostimulators and availability of technologically advanced products are expected to boost the segment during the forecast period. Neurointerventional devices are increasingly used for the treatment of different intracranial pathologies. In terms of end-user, the global neurosurgery devices market can be divided into hospitals and ambulatory surgery centers. The hospitals segment is anticipated to dominate the global market during the forecast period. 

Geographically, the global neurosurgery devices market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is estimated to account for major share of the global market owing to the significant increase in number of patients with neurological disorders, especially Parkinson’s and Alzheimer’s diseases; well-established health care facilities and infrastructure; and favorable medical reimbursement policies in the region. Europe is also anticipated to hold key share of the global neurosurgery devices market by 2026. Increase in geriatric population in the region, which is likely to be afflicted with neurological disorders, and high prevalence of neurological disorders are expected to drive the neurosurgery devices market in the region during the forecast period. The market in Asia Pacific is anticipated to expand at a fast-paced CAGR during the forecast period owing to the rapid improvement in health care infrastructure in countries such as India and China, rise in awareness about various neurological disorders, increase in per capita health care expenditure, and presence of large number of geriatric population in Japan. 

The global neurosurgery devices market is highly consolidated; a small number of manufacturers hold prominent share. Key players operating in the global neurosurgery devices market include Medtronic plc, Boston Scientific Corporation, Stryker Corporation, Johnson & Johnson, Brainlab, Terumo Corporation, Integra lifesciences, B. Braun Melsungen AG, BIOTRONIK, and Abbott.

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
  • Europe
  • 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?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Neurosurgery Devices Market

Pre Book