Technavio Announces the Publication of its Research Report Global Neurosurgery Market 2016-2020
Technavio recognizes the following companies as the key players in the global neurosurgery market: DePuy Synthes, Integra LifeSciences, Medtronic, and Stryker.
Other Prominent Vendors in the market are: Abbott Laboratories, ABIOMED, Acandis, AdvanSource Biomaterials, Allium Medical, AngioDynamics, Angioslide, Atrium Medical, B. Braun Melsungen, Balt Extrusion, Biophan Technologies, Biosense Webster, BIOTRONIK, Boston Scientific, Brainlab, Cardiac Science, CardiacAssist (TandemLife), Cardica, Claret Medical, Contego Medical, Cook Group, CryoLife, Cyberonics, Elekta, Gore Medical, Innovative Cardiovascular Solutions, InspireMD, KARL STORZ, Keystone Heart, Micromar, MicroVention, Neuros Medical, NeuroVista, Nobilis Health, PHENOX, Scopis, SPR Therapeutics, St. Jude Medical, Synapse Biomedical, Terumo, and Transverse Medical.
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Commenting on the report, an analyst from Technavios team said: The latest trend gaining momentum in the market is emergence of flow diversion devices. There has been a shortage of skilled neurosurgeons in the market. However, the existing surgeons are focusing on the adoption of flow diversion devices for the treatment of a brain aneurysm owing to its less invasive nature over other conventional methods, such as surgical clipping. Flow diversion aneurysm stenting is likely to become one of the widely-accepted MI procedures for the treatment of an intracranial aneurysm. Physicians’ acceptance of flow diverters worldwide has led to increased use of other endovascular stents.
According to the report, one of the major drivers for this market is advances in technology. Advances in technology for neurosurgeries have driven the market growth over the past decade. Advances in neurosurgical navigation, neurostimulation, and endovascular aortic repair have resulted in improving clinical accuracy, enabling less invasive treatments. The research is in progress with many of the neurostimulation devices to increases the efficiency of neurostimulation devices and develop innovative products.
Further, the report states that one of the major factors hindering the growth of this market is high cost of devices/equipment. Neuromodulation devices, surgical navigation systems, neurointerventional devices are expensive both for individuals and healthcare providers. The initial treatment cost of chronic sacral neuromodulation and peripheral neuromodulation for a migraine by neurostimulation devices is high.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Neurosurgery is a complex surgical procedure, which involves diagnosis, treatment, and therapy of individuals with neurological disorders. Some of the common neurosurgeries are endovascular neurosurgery, craniotomy stereotactic neurosurgery, neuro-endoscopy, and oncological neurosurgery. The surgeries are performed through MI techniques and new conventional ways to treat neurological disorders, tumors, trauma, and injuries. The devices used to perform neurosurgeries are called neurosurgical devices.
Technavios analysts forecast the global neurosurgery market to grow at a CAGR of 9.42% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global neurosurgery market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales neurosurgery devices.
The market is divided into the following segments based on geography:
Technavio’s report, Global Neurosurgery Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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