Market Overview:
The global neurosurgery surgical power tool market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of neurological disorders, rising demand for minimally invasive surgeries, and technological advancements in surgical power tools. Based on type, the global neurosurgery surgical power tool market is segmented into drills, reamers, saws, and others. The drills segment is expected to account for the largest share of the market in 2018 owing to its wide usage in various neurosurgeries. Based on application, the global neurosurgery surgical power tool market is segmented into hospitals, medical centers, clinics, and others. The hospitals segment is expected to account for the largest share of the market in 2018 owing to increasing number of surgeries performed in hospitals worldwide.
Product Definition:
Neurosurgery Surgical Power Tool is a surgical power tool used to remove or cut through tissues. It is important because it allows surgeons to perform procedures with precision and accuracy.
Drill:
Drill is a power tool used in neurosurgery for drilling holes and creating surgical access. It's usage has been around since the beginning of time, but its growth factor in the market is recent. The factors that have driven this market are increasing demand for minimally invasive procedures, technological advancements such as wireless drills and battery operated drills with better ergonomics, growing base of geriatric population prone to neurological disorders and lastly rising awareness among surgeons regarding patient safety during surgery.
Reamer:
Reamers are used in neurosurgery to create larger opening in the skull during brain surgeries. The reamers help surgeons to see and reach deep inside the brain, which is not possible with hand tools. Reamers are also useful for drilling small holes that require high precision and care while performing a surgery on a patient’s skull.
Application Insights:
Based on application, the global neurosurgery surgical power tool market is segmented into hospital, medical center, clinic and others. The hospital segment dominated the overall market in terms of revenue in 2017 owing to a large number of procedures that require spinal surgery at hospitals. According to WHO, around 90% of all surgeries are performed at hospitals and 80% of all healthcare spending occurs there. Thus it can be presumed that majority of people who have a neurological condition seek treatment at hospitals leading to an increase in demand for neurosurgery surgical power tools among other diagnostic equipment such as imaging devices and diagnostic software applications.
The medical center segment is expected to grow significantly over the forecast period due primarily to increasing awareness about brain injury & conditions coupled with rising government initiatives for improving healthcare infrastructure & services across various regions globally including North America, Europe and Asia Pacific which eventually benefits this industry growth as well as usage rates for these instruments within these centers.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to factors such as increasing prevalence of brain tumor, rising number of neurosurgical procedures performed, and growing adoption of advanced technology in the region. In addition, presence of key players is also expected to drive regional growth over the forecast period. For instance, Medtronic has been developing innovative technologies for more than 40 years and it is now focused on neurological care by integrating its Neurology Solutions business unit within its Clinical Systems & Integration division.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rise in healthcare expenditure by governments along with private organizations and individuals in this region coupled with increasing incidence rate of brain tumor especially glioma which accounts for approximately 90% cases globally will drive regional demand during the forecast period from 2018 to 2030 (USD X million).
Growth Factors:
- Increasing incidence of neurological disorders: The global prevalence of neurological disorders is increasing at an alarming rate. This is primarily due to the aging population and the increased incidence of chronic diseases such as Alzheimer’s disease, Parkinson’s disease, and stroke. As a result, there is an increased demand for neurosurgery surgical power tools to treat these conditions.
- Technological advancements: Neurosurgeons are constantly looking for better ways to perform surgeries and improve patient outcomes. This has led to the development of new surgical power tools that are more efficient and accurate than traditional tools. These new tools are helping surgeons achieve better results with fewer complications.
- Growing demand for minimally invasive surgery: Minimally invasive surgery (MIS) is becoming increasingly popular due to its many benefits over traditional open surgery procedures, including shorter hospital stays, reduced pain levels, and faster recovery times for patients. MIS requires smaller incisions which can be difficult to achieve with traditional surgical instruments; this has led to a growing demand for neurosurgery surgical power tools that can be used in MIS procedures..
Scope Of The Report
Report Attributes
Report Details
Report Title
Neurosurgery Surgical Power Tool Market Research Report
By Type
Drill, Reamer, Saw, Others
By Application
Hospital, Medical Center, Clinic, Others
By Companies
CONMED, DePuy Synthes, Medtronic, Stryker, Zimmer Biomet, Adeor Medical, Aesculapius, Anthrax, Aygun Surgical Instruments, B.Braun, Ceterix Orthopaedics
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Neurosurgery Surgical Power Tool Market Report Segments:
The global Neurosurgery Surgical Power Tool market is segmented on the basis of:
Types
Drill, Reamer, Saw, 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
Hospital, Medical Center, Clinic, 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:
- CONMED
- DePuy Synthes
- Medtronic
- Stryker
- Zimmer Biomet
- Adeor Medical
- Aesculapius
- Anthrax
- Aygun Surgical Instruments
- B.Braun
- Ceterix Orthopaedics
Highlights of The Neurosurgery Surgical Power Tool 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:
- Drill
- Reamer
- Saw
- Others
- By Application:
- Hospital
- Medical Center
- Clinic
- 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 Neurosurgery Surgical Power Tool 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?
A neurosurgery surgical power tool is a medical device that can be used during surgery to help surgeons perform more precise and accurate procedures. These tools may include devices that allow surgeons to see inside the brain or spinal cord, or devices that help them remove tumors or other lesions from the brain.
Some of the key players operating in the neurosurgery surgical power tool market are CONMED, DePuy Synthes, Medtronic, Stryker, Zimmer Biomet, Adeor Medical, Aesculapius, Anthrax, Aygun Surgical Instruments, B.Braun, Ceterix Orthopaedics.
The neurosurgery surgical power tool market is expected to register a CAGR of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Neurosurgery Surgical Power Tool 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. Neurosurgery Surgical Power Tool Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Neurosurgery Surgical Power Tool Market - Supply Chain
4.5. Global Neurosurgery Surgical Power Tool Market Forecast
4.5.1. Neurosurgery Surgical Power Tool Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Neurosurgery Surgical Power Tool Market Size (000 Units) and Y-o-Y Growth
4.5.3. Neurosurgery Surgical Power Tool Market Absolute $ Opportunity
5. Global Neurosurgery Surgical Power Tool 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. Neurosurgery Surgical Power Tool Market Size and Volume Forecast by Type
5.3.1. Drill
5.3.2. Reamer
5.3.3. Saw
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Neurosurgery Surgical Power Tool 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. Neurosurgery Surgical Power Tool Market Size and Volume Forecast by Application
6.3.1. Hospital
6.3.2. Medical Center
6.3.3. Clinic
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Neurosurgery Surgical Power Tool 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. Neurosurgery Surgical Power Tool 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 Neurosurgery Surgical Power Tool 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. Neurosurgery Surgical Power Tool 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 Neurosurgery Surgical Power Tool Demand Share Forecast, 2019-2026
9. North America Neurosurgery Surgical Power Tool 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 Neurosurgery Surgical Power Tool 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 Neurosurgery Surgical Power Tool Market Size and Volume Forecast by Application
9.4.1. Hospital
9.4.2. Medical Center
9.4.3. Clinic
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 Neurosurgery Surgical Power Tool Market Size and Volume Forecast by Type
9.7.1. Drill
9.7.2. Reamer
9.7.3. Saw
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 Neurosurgery Surgical Power Tool Demand Share Forecast, 2019-2026
10. Latin America Neurosurgery Surgical Power Tool 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 Neurosurgery Surgical Power Tool 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 Neurosurgery Surgical Power Tool Market Size and Volume Forecast by Application
10.4.1. Hospital
10.4.2. Medical Center
10.4.3. Clinic
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 Neurosurgery Surgical Power Tool Market Size and Volume Forecast by Type
10.7.1. Drill
10.7.2. Reamer
10.7.3. Saw
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 Neurosurgery Surgical Power Tool Demand Share Forecast, 2019-2026
11. Europe Neurosurgery Surgical Power Tool 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 Neurosurgery Surgical Power Tool 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 Neurosurgery Surgical Power Tool Market Size and Volume Forecast by Application
11.4.1. Hospital
11.4.2. Medical Center
11.4.3. Clinic
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 Neurosurgery Surgical Power Tool Market Size and Volume Forecast by Type
11.7.1. Drill
11.7.2. Reamer
11.7.3. Saw
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 Neurosurgery Surgical Power Tool Demand Share, 2019-2026
12. Asia Pacific Neurosurgery Surgical Power Tool 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 Neurosurgery Surgical Power Tool 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 Neurosurgery Surgical Power Tool Market Size and Volume Forecast by Application
12.4.1. Hospital
12.4.2. Medical Center
12.4.3. Clinic
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 Neurosurgery Surgical Power Tool Market Size and Volume Forecast by Type
12.7.1. Drill
12.7.2. Reamer
12.7.3. Saw
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 Neurosurgery Surgical Power Tool Demand Share, 2019-2026
13. Middle East & Africa Neurosurgery Surgical Power Tool 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 Neurosurgery Surgical Power Tool 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 Neurosurgery Surgical Power Tool Market Size and Volume Forecast by Application
13.4.1. Hospital
13.4.2. Medical Center
13.4.3. Clinic
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 Neurosurgery Surgical Power Tool Market Size and Volume Forecast by Type
13.7.1. Drill
13.7.2. Reamer
13.7.3. Saw
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 Neurosurgery Surgical Power Tool Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Neurosurgery Surgical Power Tool Market: Market Share Analysis
14.2. Neurosurgery Surgical Power Tool Distributors and Customers
14.3. Neurosurgery Surgical Power Tool Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. CONMED
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. DePuy Synthes
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Medtronic
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Stryker
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Zimmer Biomet
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Adeor Medical
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Aesculapius
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Anthrax
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Aygun Surgical Instruments
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. B.Braun
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Ceterix Orthopaedics
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
