The global neurosurgical products market is witnessing significant growth due to growing geriatric population. Moreover, increasing the incidence of brain tumors, growing government funding, and rising awareness about neurosurgical disorders are also driving the growth of the market. Furthermore, growing demand for minimally invasive surgeries is expected to create growth opportunities for the neurosurgical products market over the forecast period. However, stringent regulatory requirements, long approval times for new neurosurgical products, and availability of alternative treatment for neurosurgical diseases inhibit the growth of the market. The neurosurgical products market is anticipated to grow from an estimated US$3,685.8 Mn by the end of 2015 to US$7,756.2 Mn by 2022 at a CAGR of 11.2% during the forecast period.
According to a new market report published by Persistence Market Research “Global Market Study on Neurosurgical Products: AsiaPacific to Witness Highest Growth by 2022”, the global neurosurgical products market is estimated to be valued at US$3,685.8Mn by the end of2015 and expand at a CAGR of 11.2% from 2015 to 2022, to account forUS$7,756.2Mn by2022.