Market Overview:
The global neurosurgical products 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 geriatric population, and technological advancements in neurosurgery products. Based on type, the embolization products segment is expected to account for the largest share of the global neurosurgical products market in 2018. This segment is projected to grow at a CAGR of 6.1% during the forecast period from 2018 to 2030. The growth in this segment can be attributed to increasing demand for embolization devices for treatment of various neurological disorders such as aneurysms and AVMs (arteriovenous malformations). Based on application, hospitals are expected to account for the largest share of the global neurosurgical products market in 2018. This segment is projected grow at a CAGR 5%.
Product Definition:
Neurosurgical products are medical devices and tools used by neurosurgeons to treat conditions and diseases of the nervous system. These products include surgical instruments, implants, and other equipment used in the operating room. Neurosurgical products are important for treating a wide range of neurological conditions, including brain tumors, spinal cord injuries, and chronic pain.
Embolization Products:
Embolization products are materials or devices used to block blood vessels in order to reduce bleeding. The most common use of the product is during angioplasty and neurosurgery. Embolization can be used before, during and after surgery depending on the type of procedure being performed.
The factors that propel the growth of this market include rising prevalence of cardiovascular diseases, increasing geriatric population prone to various cardiac disorders.
Stereo Tactic Radiosurgery Systems:
Stereo tactical radiosurgery systems are used in neurosurgical procedures. It is a set of equipment that helps the radiotherapist to control and monitor radiation emitted from the radioactive source. The system consists of two radioactively powered heads, which can be separated or combined as per requirement for a particular application.
Application Insights:
Based on application, the global neurosurgical products market is segmented into hospitals, clinics, and ambulatory surgical centers. Hospitals held the largest share in 2017 owing to factors such as a high prevalence of neurological disorders requiring surgery and increasing number of hospital based diagnostic centers. Furthermore, an increase in healthcare expenditure along with a growing aging population will further boost product demand over the forecast period.
The clinics segment is expected to grow at a significant rate during the forecast period due to factors such as availability of advanced equipment for less invasive procedures coupled with rising disposable income levels which has resulted in an increased number of patients visiting medical facilities for checkups and treatment procedures. According to WHO Global Health Database 2015 there were approximately 1 billion outpatient visits globally which accounted for 9% of all clinical encounters that year resulting in considerable growth potential for this segment over the coming years.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare facilities, favorable government initiatives, and high awareness levels regarding neurosurgical procedures are some of the major factors responsible for its continued dominance over the forecast period. For instance, according to a study published in JAMA Surgery in 2015, nearly 50% of adults aged 65 years and older had undergone one or more types of surgery by 2014. This trend is expected to continue rising with age which will further boost regional growth during the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the coming years owing to increasing medical tourism by patients from developed countries such as Japan.
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 aging population and the rising incidence of chronic diseases such as Alzheimer’s disease, Parkinson’s disease, and stroke. This is expected to drive the demand for neurosurgery products in the coming years.
- Technological advancements: The neurosurgery products market is witnessing rapid technological advancements, with manufacturers introducing innovative products and devices that offer better treatment outcomes for patients suffering from various neurological conditions. This is likely to boost the demand for neurosurgery products in the coming years.
- Growing awareness about neuroscience therapies: There has been a growing awareness among healthcare professionals and patients about various neuroscience therapies available for treating different neurological conditions. This has led to an increase in demand for neurosurgery products worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Neurosurgical Products Market Research Report
By Type
Embolization Products, Stereo Tactic Radiosurgery Systems, Neurological Endoscopes, Shunts, Aneurysm and AVM Clips, Others
By Application
Hospitals, Clinics, Ambulatory Surgical Centers
By Companies
Medtronic, Johnson & Johnson, Integra LifeSciences, Karl Storz, Stryker, Elekta, Terumo, Penumbra, B. Braun Melsungen, Varian Medical Systems
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Neurosurgical Products Market Report Segments:
The global Neurosurgical Products market is segmented on the basis of:
Types
Embolization Products, Stereo Tactic Radiosurgery Systems, Neurological Endoscopes, Shunts, Aneurysm and AVM Clips, 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
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
- Johnson & Johnson
- Integra LifeSciences
- Karl Storz
- Stryker
- Elekta
- Terumo
- Penumbra
- B. Braun Melsungen
- Varian Medical Systems
Highlights of The Neurosurgical Products 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:
- Embolization Products
- Stereo Tactic Radiosurgery Systems
- Neurological Endoscopes
- Shunts
- Aneurysm and AVM Clips
- Others
- By Application:
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- 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 Neurosurgical Products 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Neurosurgical products are medical devices used in the treatment of neurological disorders. These products may include surgical tools, implants, and medications.
Some of the major companies in the neurosurgical products market are Medtronic, Johnson & Johnson, Integra LifeSciences, Karl Storz, Stryker, Elekta, Terumo, Penumbra, B. Braun Melsungen, Varian Medical Systems.
The neurosurgical products market is expected to register a CAGR of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Neurosurgical Products 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. Neurosurgical Products Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Neurosurgical Products Market - Supply Chain
4.5. Global Neurosurgical Products Market Forecast
4.5.1. Neurosurgical Products Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Neurosurgical Products Market Size (000 Units) and Y-o-Y Growth
4.5.3. Neurosurgical Products Market Absolute $ Opportunity
5. Global Neurosurgical Products 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. Neurosurgical Products Market Size and Volume Forecast by Type
5.3.1. Embolization Products
5.3.2. Stereo Tactic Radiosurgery Systems
5.3.3. Neurological Endoscopes
5.3.4. Shunts
5.3.5. Aneurysm and AVM Clips
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Neurosurgical Products 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. Neurosurgical Products Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Clinics
6.3.3. Ambulatory Surgical Centers
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Neurosurgical Products 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. Neurosurgical Products 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 Neurosurgical Products 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. Neurosurgical Products 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 Neurosurgical Products Demand Share Forecast, 2019-2026
9. North America Neurosurgical Products 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 Neurosurgical Products 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 Neurosurgical Products Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Clinics
9.4.3. Ambulatory Surgical Centers
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Neurosurgical Products Market Size and Volume Forecast by Type
9.7.1. Embolization Products
9.7.2. Stereo Tactic Radiosurgery Systems
9.7.3. Neurological Endoscopes
9.7.4. Shunts
9.7.5. Aneurysm and AVM Clips
9.7.6. 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 Neurosurgical Products Demand Share Forecast, 2019-2026
10. Latin America Neurosurgical Products 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 Neurosurgical Products 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 Neurosurgical Products Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Clinics
10.4.3. Ambulatory Surgical Centers
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Neurosurgical Products Market Size and Volume Forecast by Type
10.7.1. Embolization Products
10.7.2. Stereo Tactic Radiosurgery Systems
10.7.3. Neurological Endoscopes
10.7.4. Shunts
10.7.5. Aneurysm and AVM Clips
10.7.6. 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 Neurosurgical Products Demand Share Forecast, 2019-2026
11. Europe Neurosurgical Products 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 Neurosurgical Products 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 Neurosurgical Products Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Clinics
11.4.3. Ambulatory Surgical Centers
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Neurosurgical Products Market Size and Volume Forecast by Type
11.7.1. Embolization Products
11.7.2. Stereo Tactic Radiosurgery Systems
11.7.3. Neurological Endoscopes
11.7.4. Shunt
11.7.5. Aneurysm and AVM Clips
11.7.6. 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 Neurosurgical Products Demand Share, 2019-2026
12. Asia Pacific Neurosurgical Products 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 Neurosurgical Products 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 Neurosurgical Products Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Clinics
12.4.3. Ambulatory Surgical Centers
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Neurosurgical Products Market Size and Volume Forecast by Type
12.7.1. Embolization Products
12.7.2. Stereo Tactic Radiosurgery Systems
12.7.3. Neurological Endoscopes
12.7.4. Shunts
12.7.5. Aneurysm and AVM Clips
12.7.6. 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 Neurosurgical Products Demand Share, 2019-2026
13. Middle East & Africa Neurosurgical Products 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 Neurosurgical Products 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 Neurosurgical Products Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Clinics
13.4.3. Ambulatory Surgical Centers
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Neurosurgical Products Market Size and Volume Forecast by Type
13.7.1. Embolization Products
13.7.2. Stereo Tactic Radiosurgery Systems
13.7.3. Neurological Endoscopes
13.7.4. Shunts
13.7.5. Aneurysm and AVM Clips
13.7.6. 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 Neurosurgical Products Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Neurosurgical Products Market: Market Share Analysis
14.2. Neurosurgical Products Distributors and Customers
14.3. Neurosurgical Products 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. Johnson & Johnson
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Integra LifeSciences
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Karl Storz
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Stryker
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Elekta
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Terumo
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Penumbra
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. B. Braun Melsungen
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Varian Medical Systems
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
