Market Overview:
MRI guided neurosurgical ablation is a minimally invasive surgical procedure that is used to treat various neurological disorders. The global MRI guided neurosurgical ablation market is expected to grow at a CAGR of 7.5% during the forecast period 2018-2030. The growth of this market can be attributed to the increasing prevalence of neurological disorders, technological advancements in MRI guided neurosurgical ablation systems and rising demand for minimally invasive procedures. The global MRI guided neurosurgical ablation market by type is segmented into MRIguided laser therapy systems, MRguided RF Ablation systems, MRguided focused ultrasound systems and others.
Product Definition:
MRI Guided Neurosurgical Ablation is a surgical procedure that uses MRI images to guide the placement of a probe or electrode near the target area in the brain. This procedure is used to treat certain conditions, such as tumors, epileptic seizures and nerve pain. The importance of MRI Guided Neurosurgical Ablation lies in its ability to precisely target the treatment area while avoiding damage to surrounding tissue.
MRI Guided Laser Therapy Systems:
MRI-guided laser therapy systems are a set of techniques that use magnetic resonance imaging (MRI) to guide the laser beam to target tissues. The system is used for treating pain, inflammation, and swelling in various parts of the body. It also helps stimulate or block nerve cells so that they respond more efficiently to incoming signals from pain sensors.
The global MRI guided neurosurgical ablation market size was valued at USD 648 million in 2016.
MRI Guided RF Ablation Systems:
MRI guided RF ablation systems are used for the treatment of various disorders such as brain tumors, epilepsy, and pain. The technology is an advanced minimally invasive procedure that involves the use of radiofrequency (RF) energy to destroy tissues without affecting the surrounding areas. It uses very little amount of heat and utilizes magnetic field for precision targeting. This system has been approved by U.
Application Insights:
Based on application, the global market is segmented into hospitals, clinics and ambulatory surgical centers, and others. Hospitals held the largest share in 2017 owing to factors such as a large patient base that requires treatment of brain cancer coupled with high volume of surgeries performed by MRI guided neurosurgical ablation systems. The clinics and ambulatory surgical centers are anticipated to witness lucrative growth over the forecast period due to increasing demand for minimally invasive procedures for various conditions such as spinal cord compression or tumors in cranial nerves.
MRI guided neurosurgical ablation system is an effective tool in treating patients suffering from spinal cord compression caused due to primary malignant tumor or metastatic deposits of carcinoma in situ cells at vertebral level T1-T4 which were not amenable to surgery via conventional methods such as open surgery & biopsy techniques.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of key players, high adoption rate of technologically advanced products, and favorable reimbursement policies. The U.S., which is at the forefront of this region, has a well-developed healthcare infrastructure that makes it one of the most attractive markets for industry participants to invest in over here. Moreover, according to recent studies conducted by Global Surgery Initiative (GSI), an organization focused on improving surgical care across North America; every year around 250 million procedures are performed worldwide and only 1% require surgery guidance (MRI) [1].
Growth Factors:
- Increasing incidence of neurological disorders: The global prevalence of neurological disorders is increasing at a significant rate. This is primarily attributed to the changing lifestyle and environmental factors. This, in turn, is expected to boost the demand for MRI guided neurosurgical ablation procedures over the forecast period.
- Technological advancements: The technological advancements in MRI guided neurosurgical ablation procedures are expected to fuel the growth of this market during the forecast period. For instance, recent advances such as image-guided surgery and 3D printing are helping surgeons to achieve better outcomes with fewer complications.
- Rising awareness about benefits of MRI guided neurosurgical ablation: There is a growing awareness among patients regarding the benefits of MRI guided neurosurgical ablation procedures over traditional surgical methods such as open surgery or endoscopic surgery. This is likely to propel the demand for these procedures in coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
MRI Guided Neurosurgical Ablation Market Research Report
By Type
MRI Guided Laser Therapy Systems, MRI Guided RF Ablation Systems, MRI Guided Focused Ultrasound Systems, Others
By Application
Hospitals, Clinics, Ambulatory Surgical Centers, Others
By Companies
Medtronic, Boston Scientific, Insightec, Monteris Medical, Angiodynamics, MRI Interventions
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global MRI Guided Neurosurgical Ablation Market Report Segments:
The global MRI Guided Neurosurgical Ablation market is segmented on the basis of:
Types
MRI Guided Laser Therapy Systems, MRI Guided RF Ablation Systems, MRI Guided Focused Ultrasound Systems, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics, Ambulatory Surgical Centers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Medtronic
- Boston Scientific
- Insightec
- Monteris Medical
- Angiodynamics
- MRI Interventions
Highlights of The MRI Guided Neurosurgical Ablation Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- MRI Guided Laser Therapy Systems
- MRI Guided RF Ablation Systems
- MRI Guided Focused Ultrasound Systems
- Others
- By Application:
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the MRI Guided Neurosurgical Ablation Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
MRI guided neurosurgical ablation is a minimally invasive surgical procedure that uses MRI to guide the placement of electrodes into specific areas of the brain. The goal of this procedure is to destroy specific areas of the brain that are causing symptoms or problems.
Some of the major players in the mri guided neurosurgical ablation market are Medtronic, Boston Scientific, Insightec, Monteris Medical, Angiodynamics, MRI Interventions.
The mri guided neurosurgical ablation market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. MRI Guided Neurosurgical Ablation Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. MRI Guided Neurosurgical Ablation Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. MRI Guided Neurosurgical Ablation Market - Supply Chain
4.5. Global MRI Guided Neurosurgical Ablation Market Forecast
4.5.1. MRI Guided Neurosurgical Ablation Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. MRI Guided Neurosurgical Ablation Market Size (000 Units) and Y-o-Y Growth
4.5.3. MRI Guided Neurosurgical Ablation Market Absolute $ Opportunity
5. Global MRI Guided Neurosurgical Ablation Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. MRI Guided Neurosurgical Ablation Market Size and Volume Forecast by Type
5.3.1. MRI Guided Laser Therapy Systems
5.3.2. MRI Guided RF Ablation Systems
5.3.3. MRI Guided Focused Ultrasound Systems
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global MRI Guided Neurosurgical Ablation Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. MRI Guided Neurosurgical Ablation Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Clinics
6.3.3. Ambulatory Surgical Centers
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global MRI Guided Neurosurgical Ablation Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. MRI Guided Neurosurgical Ablation Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global MRI Guided Neurosurgical Ablation Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. MRI Guided Neurosurgical Ablation Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global MRI Guided Neurosurgical Ablation Demand Share Forecast, 2019-2026
9. North America MRI Guided Neurosurgical Ablation Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America MRI Guided Neurosurgical Ablation Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America MRI Guided Neurosurgical Ablation Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Clinics
9.4.3. Ambulatory Surgical Centers
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America MRI Guided Neurosurgical Ablation Market Size and Volume Forecast by Type
9.7.1. MRI Guided Laser Therapy Systems
9.7.2. MRI Guided RF Ablation Systems
9.7.3. MRI Guided Focused Ultrasound Systems
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America MRI Guided Neurosurgical Ablation Demand Share Forecast, 2019-2026
10. Latin America MRI Guided Neurosurgical Ablation Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America MRI Guided Neurosurgical Ablation Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America MRI Guided Neurosurgical Ablation Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Clinics
10.4.3. Ambulatory Surgical Centers
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America MRI Guided Neurosurgical Ablation Market Size and Volume Forecast by Type
10.7.1. MRI Guided Laser Therapy Systems
10.7.2. MRI Guided RF Ablation Systems
10.7.3. MRI Guided Focused Ultrasound Systems
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America MRI Guided Neurosurgical Ablation Demand Share Forecast, 2019-2026
11. Europe MRI Guided Neurosurgical Ablation Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe MRI Guided Neurosurgical Ablation Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe MRI Guided Neurosurgical Ablation Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Clinics
11.4.3. Ambulatory Surgical Centers
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe MRI Guided Neurosurgical Ablation Market Size and Volume Forecast by Type
11.7.1. MRI Guided Lasr Therapy Systems
11.7.2. MRI Guided RF Ablation Systems
11.7.3. MRI Guided Focused Ultrasound Systems
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe MRI Guided Neurosurgical Ablation Demand Share, 2019-2026
12. Asia Pacific MRI Guided Neurosurgical Ablation Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific MRI Guided Neurosurgical Ablation Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific MRI Guided Neurosurgical Ablation Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Clinics
12.4.3. Ambulatory Surgical Centers
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific MRI Guided Neurosurgical Ablation Market Size and Volume Forecast by Type
12.7.1. MRI Guided Laser Therapy Systems
12.7.2. MRI Guided RF Ablation Systems
12.7.3. MRI Guided Focused Ultrasound Systems
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific MRI Guided Neurosurgical Ablation Demand Share, 2019-2026
13. Middle East & Africa MRI Guided Neurosurgical Ablation Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa MRI Guided Neurosurgical Ablation Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa MRI Guided Neurosurgical Ablation Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Clinics
13.4.3. Ambulatory Surgical Centers
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa MRI Guided Neurosurgical Ablation Market Size and Volume Forecast by Type
13.7.1. MRI Guided Laser Therapy Systems
13.7.2. MRI Guided RF Ablation Systems
13.7.3. MRI Guided Focused Ultrasound Systems
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa MRI Guided Neurosurgical Ablation Demand Share, 2019-2026
14. Competition Landscape
14.1. Global MRI Guided Neurosurgical Ablation Market: Market Share Analysis
14.2. MRI Guided Neurosurgical Ablation Distributors and Customers
14.3. MRI Guided Neurosurgical Ablation Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Medtronic
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Boston Scientific
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Insightec
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Monteris Medical
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Angiodynamics
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. MRI Interventions
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
