Neurosurgery market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to growing at a CAGR of 9.50% in the above-mentioned forecast period. Rising awareness amongst the physicians and patients regarding the benefits of neurosurgery devices will help in boosting the growth of the market.
The major players covered in the neurosurgery market report are Medtronic, B. Braun Melsungen AG, Stryker, Brainlab AG, Integra LifeSciences Corporation., Scopis GmbH, Boston Scientific Corporation, Elekta AB, Cyberonics, Inc.,, Micromar Ind., Neuros Medical, SPR Therapeutics, St. Jude Children’s Research Hospital,, Synapse Biomedical Inc., among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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North America dominates the neurosurgery market due to the growing number of patient population suffering from neurological disorders along with adoption of advanced technology and prevalence of improved healthcare infrastructure, while Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2020 to 2027 due to the availability of treatment option along with development of infrastructure and prevalence of funds from government.
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Surging volume of patients suffering from spine and brain tumours, adoption of minimally invasive surgery, growing awareness among the people regarding the neurological disorders, increasing availability of funds from government,
Prevalence of improved healthcare infrastructure are some of the factors that will enhance the growth of the neurosurgery market in the forecast period of 2020-2027.
Growing number of research activities for the development of advanced technology will further boost various opportunities that will lead to the growth of the neurosurgery market in the above mentioned forecast period.
High cost of equipment along with unfavourable reimbursement policies of the insurance companies will likely to hamper the growth of the neurosurgery market in the above mentioned forecast period.
Segmentation:Global Neurosurgery Market
Neurosurgery market is segmented on the basis of product type and end use. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
Based on product type, neurosurgery market is segmented into neuro-interventional devices, cerebral spinal fluid (CSF) management devices, neurosurgical navigation systems, neurostimulation services, and others
Neurosurgery market has also been segmented based on the end use into hospital, and research.
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