Adult Neurosurgery Devices Market By Type (Neuro Interventional Devices, Neuro Stimulation Devices, Neurosurgical Navigation Systems, Neurosurgery Surgical Power Tools, CSF Management Devices, Others) By Application (Chronic Pain, Depression, Parkinson’s, Ischemia, Other) -Growth, Future Prospects & Competitive Analysis, 2016 – 2030

Key Highlights of the Report

The global Adult Neurosurgery Devices market is segmented by type, application, end-user, and region. Neuro interventional device is the leading segment by type. Parkinson’s is the leading segment by application. The hospitals segment is expected to register the greatest CAGR during the forecast period. North America is boosting the growth of the Adult Neurosurgery Devices market.

The key market growth factors are the rising prevalence of neurological illnesses and technological improvements. The challenges limiting market growth are the high cost of neurosurgical operations and devices and the risk of complications and adverse events.

In North America, there is a growing trend toward using machine learning and artificial intelligence in neurosurgery. Image analysis, surgical planning, predictive analytics, and decision support systems are all applications of AI and ML algorithms. Neurosurgeons’ use of these technologies improves surgical results by assisting with preoperative planning, intraoperative decision-making, and postoperative monitoring.

Market Overview

The Adult Neurosurgery Devices market has had consistent growth in recent years and is anticipated to expand at a CAGR of xx% between 2023 and 2030. The market was estimated to be worth USD xx billion in 2022 and is anticipated to grow to USD xx billion in 2030.

What Are The Main Factors Driving The Global Market For Adult Neurosurgery Devices?

The key market growth factors are the rising prevalence of neurological illnesses and technological improvements.

What Are The Main Challenges In The Global Adult Neurosurgery Devices Market?

The challenges limiting market growth are the high cost of neurosurgical operations and devices and the risk of complications and adverse events.

What Are The Growth Opportunities In The Global Adult Neurosurgery Devices Market?

The significant market opportunities are in the areas of telemedicine, remote monitoring, and minimally invasive and image-guided operations.

Executive Summary

Overview of the Global Adult Neurosurgery Devices Market

Adult neurosurgery devices offer the instruments and techniques for precise and targeted operations. For instance, neurosurgeons can operate on the spine with little harm to healthy tissue by using high precision and agility surgical equipment to navigate delicate brain structures, remove tumors, and repair damaged blood arteries. More accuracy reduces the risk of complications, and surgical results are enhanced. Adult neurosurgery devices drive research and development in the field of neurosurgery. Neurosurgeons can push the frontiers of what is possible in treating complicated neurological illnesses due to ongoing improvements in device technology, imaging methods, robotics, and artificial intelligence. The advancement of neurosurgical methods, patient outcomes, and the field of neurosurgery all benefited from this study and innovation.

Market Definition

The market for adult neurosurgery devices is an area of the medical device sector that focuses on developing, producing, and distributing specialized medical tools and instruments used in diagnosing, treating, and managing neurological problems in adult patients. Devices for neurosurgery are made to help neurosurgeons operate on the spine, peripheral nerves, and the brain.

Market Insights

• The market for Adult Neurosurgery Devices on a global scale was estimated at USD xx billion in 2022 and is anticipated to increase to USD xx billion in 2030, rising at a CAGR of xx% between 2023 and 2030.
• Neuro Interventional Device is the leading segment by type.
• Parkinson’s is the leading segment by application.
• The Hospitals segment is expected to register the greatest CAGR during the forecast period.
• North America is boosting the growth of the Adult Neurosurgery Devices market.
• Europe is the second largest region in the Adult Neurosurgery Devices market.
• Asia Pacific is expected to be the fastest-growing Adult Neurosurgery Devices market region.
• The key factors of market growth are the rising prevalence of neurological illnesses and technological improvements.
• The challenges limiting market growth are the high cost of neurosurgical operations and devices and the risk of complications and adverse events.
• The significant market opportunities are in the areas of telemedicine, remote monitoring, and minimally invasive and image-guided operations.

Segmentation by Type

• Neuro Interventional Device is the leading segment by type.
• The Neuro Stimulation Devices category is anticipated to have the greatest CAGR throughout the forecast period.
• Other types, such as Neurosurgical Navigation Systems, Neurosurgery Surgical Power Tools, CSF Management Devices, and Others, also contribute to the demand for Adult Neurosurgery Devices.

Segmentation by Application

• Parkinson’s is the leading segment by application.
• Other applications, such as chronic pain, depression, ischemia, and others, also contribute to the demand for Adult Neurosurgery Devices.

Segmentation by End-User

• The Hospitals segment is expected to register the greatest CAGR during the forecast period.
• Other end-users, such as Ambulatory Surgery Centres and Others, also contribute to the demand for Adult Neurosurgery Devices.

Segmentation by Region

• North America is boosting the growth of the Adult Neurosurgery Devices market.
• Europe is the second largest region in the Adult Neurosurgery Devices market.
• Asia Pacific is expected to be the fastest-growing Adult Neurosurgery Devices market region.
• The remaining demand for Adult Neurosurgery Devices comes from the rest of the world, which includes Latin America, the Middle East, and Africa.

The rising demand for adult neurosurgery devices can be due to the increasing prevalence of neurological illnesses. However, the market is constrained by the high cost of neurosurgical operations and equipment.

Neurological diseases like Parkinson’s disease, chronic pain, and epilepsy are commonly treated with neurostimulation devices, such as deep brain stimulation (DBS), spinal cord stimulation (SCS), and vagus nerve stimulation (VNS). Neurostimulation therapy has increased significantly in the United States, increasing demand for the accompanying neurosurgical devices.

Neurosurgery in France is increasingly emphasizing personalized medicine. Neurosurgeons can customize treatment plans based on unique patient features due to genetic testing, molecular profiling, and biomarker developments. In the French market, implantable devices that are tailored to patient profiles or targeted medication delivery systems for neurosurgery are becoming more significant.

Increasing prevalence of neurological disorders

The adult neurosurgery devices market is expanding due to the rising incidence of neurological illnesses, a key growth factor. Neurological illnesses include a broad spectrum of issues that affect the spinal cord, brain, and peripheral nerves, such as brain tumors, strokes, traumatic brain injuries, epilepsy, neurodegenerative diseases, and spinal problems. Globally, neurological illnesses are becoming more common. This is mainly due to aging populations, sedentary lifestyles, environmental causes, and improved diagnostic tools. There is a rising need for efficient therapies, including neurosurgical operations, as the prevalence of these illnesses rises.

Numerous neurological illnesses require the care and treatment of neurosurgery. Deep brain stimulation for movement problems, spine operations, neurovascular interventions, and neuro endoscopic procedures are just a few of the procedures that use adult neurosurgery equipment. These gadgets include surgical tools, neurostimulators, imaging systems, navigation systems, etc. Increased demand for neurosurgical procedures and the tools needed to carry them out is directly related to the rising prevalence of neurological illnesses. Neurosurgeons can accurately diagnose, treat, and monitor patients with neurological problems because of neurosurgery gadgets, which improve patient outcomes.

Additionally, new and sophisticated neurosurgery equipment is being created as research and development efforts go on to meet the unique demands of patients with neurological illnesses. These products frequently provide more precision, greater safety profiles, and minimally invasive techniques, supporting the market’s growth.

Technological advancements

Adults with neurological diseases now have more treatment options due to neurosurgical methods and technological improvements. Innovative tools have improved surgical outcomes, decreased complications, and accelerated patient recovery such as minimally invasive neurosurgical instruments, neuronavigation systems, neurostimulation devices, and neuroendoscopes. The market for adult neurosurgery devices is expanding due to these technical advances.

High cost of neurosurgical procedures and devices

Patients and healthcare facilities with inadequate financial resources may find it more difficult to access neurosurgical treatments and the accompanying devices. The expensive price of neurosurgical equipment may prevent widespread use, especially in underdeveloped nations with limited healthcare budgets.

Risk of complications and adverse events

There is always a risk involved with neurosurgical procedures, including the possibility of complications and negative outcomes. The careful manipulation of fragile brain and spinal cord structures required when using neurosurgical tools might result in consequences such as bleeding, infections, nerve injury, or device failure. Worries about possible hazards may influence some neurosurgical equipment.

Complex and specialized nature of neurosurgery

Neurosurgery is a highly specialized field, so it calls for substantial education and experience. The number of skilled neurosurgeons and healthcare professionals who can execute these treatments may be constrained due to the intricacy of neurosurgical procedures and the usage of advanced equipment. This constraint may impact the adoption and use of adult neurosurgical devices.

Telemedicine and remote monitoring

Technologies for telemedicine and remote monitoring have become more popular, particularly in the wake of the COVID-19 pandemic. These technologies make real-time patient monitoring, postoperative follow-up, and remote consultations possible. Access to care, patient convenience, and market reach can all be improved by creating tools and platforms that enable remote neurosurgical consultations, home-based monitoring of neurological diseases, and telerehabilitation.

Minimally invasive and image-guided procedures

Minimally invasive neurosurgery techniques are becoming increasingly popular since they shorten recovery times and surgical trauma. The development of imaging technology has allowed neurosurgeons to execute more precise and minimally invasive surgeries. Examples include intraoperative MRI, intraoperative CT, and improved neuronavigation devices. There are enormous opportunities in the market for the manufacturing of products that support these techniques and enhance their precision and efficiency.

Biomaterials and tissue engineering

The advancement of tissue engineering methods and biomaterials holds promise for neurosurgical applications. Nerve conduits, scaffolds, and bioresorbable implants can help with tissue regeneration, repair neural tissue damage, and improve patient outcomes. Innovative neurosurgical devices that encourage neural regeneration and enhance patient recovery can be made possible by biomaterials science and tissue engineering advances.

Competitive Landscape

Key Players

The adult neurosurgery devices industry is quite competitive and is home to several large corporations. The top market participants and their corresponding market shares are listed below:

• B. Braun Melsungen
• Medtronic
• Boston Scientific Corporation
• Nevro Corporation
• KARL STORZ
• Abbott
• Ackermann Instrumente
• Machida Endoscope
• Adeor Medical

To remain competitive, these companies prioritize product innovation, expanding their distribution networks, and mergers and acquisitions. The major companies in the global adult neurosurgery devices market are consistently creating new products and innovations to keep ahead of the competition.

In order to promote cooperation and connections that will help bring neurovascular ideas to life, Medtronic introduced the Neurovascular Co-Lab Platform in October 2022. This platform will accelerate innovation in stroke care and treatment. Abbott released a new edition of its digital health app, NeuroSphere myPath, in April 2022. The app’s functionality has been improved to help doctors monitor their patients more effectively using Abbott neurostimulation devices to treat their chronic pain.

Summary of Key Findings

• The key market growth factors are the rising prevalence of neurological illnesses and technological improvements.
• Market segmented by type, application, end-user, and region.
• Neuro Interventional Device is the leading segment by type.
• Parkinson’s is the leading segment by application.
• The Hospitals segment is expected to register the greatest CAGR during the forecast period.
• North America is leading market growth; the market is highly competitive with key players, including B. Braun Melsungen, Medtronic, Boston Scientific Corporation, and Nevro Corporation.

Future Outlook

• The adult neurosurgery devices market is expected to grow globally due to the rising prevalence of neurological illnesses.
• The key market growth factors are the rising prevalence of neurological illnesses and technological improvements.
• The challenges limiting market growth are the high cost of neurosurgical operations and devices and the risk of complications and adverse events.
• Key businesses must create new products, expand their market reach, and maintain low prices to maintain their competitive edge.

Segmentation

• By Type
  • Neuro Interventional Devices
  • Neuro Stimulation Devices
  • Neurosurgical Navigation Systems
  • Neurosurgery Surgical Power Tools
  • CSF Management Devices
  • Others

• By Application
  • Chronic Pain
  • Depression
  • Parkinson’s
  • Ischemia
  • Other

• By End-User
  • Hospitals
  • Ambulatory Surgery Centres
  • Other

• By Region
• North America
  • The US.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • The U.K.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-east Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa