Neurosurgery Devices and Equipment Global Market Sees Growth Rate Of 16% Through 2022

The global neurosurgery devices and equipment market size is expected to grow from $6.22 billion in 2021 to $7.23 billion in 2022 at a compound annual growth rate (CAGR) of 16.2%. The global neurosurgery devices market size is expected to grow to $12.56 billion in 2026 at a CAGR of 14.8%.

What is the Global Neurosurgery Devices and Equipment Market?

The neurosurgery devices and equipment market consist of sales of neurosurgery devices and equipment and related services. Neurosurgery devices and equipment are used to perform neurosurgical procedures that are concerned with the diagnosis, prevention, and treatment of disorders affecting any portion of the nervous system.

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What drives the Global Neurosurgery Devices and Equipment Market?

The rise in neurological disorders is driving the neurosurgery devices market. A neurological disorder is caused due to the effect on the nervous system which includes the spinal cord, and brain. These disorders include epilepsy and Alzheimer's. According to an article on US Pharmacist, out of the most common neurological disorders, stroke accounts for 51.3%, Alzheimer’s disease 21.4%, Epilepsy 11.6%, traumatic brain injury 6.8%, Parkinson’s disease 4.7%, and brain tumor 2.8%. Furthermore, 1.2 million people are frequently diagnosed with adult-onset brain disorders. An increase in these disorders is driving the growth of the neurosurgery devices and equipment market. According to the Alzheimers Association, millions of Americans have Alzheimer’s or other dementias. As the size and proportion of the U.S. population age 65 and older continue to increase, the number of Americans with Alzheimer’s or other dementias will grow from 55 million in 2019 to 88 million by 2050.

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Global Neurosurgery Devices and Equipment Market Segments
The global neurosurgery devices and equipment market is segmented:
By Device Type: Neuroendoscope, Stereotactic Systems, Aneurysm Clips, Neurostimulation Devices, Cerebrospinal Fluid Management Devices, Neurosurgical Evacuation Device, Neurosurgical Navigation Systems, Neurosurgery Surgical Power Tools, Others (Ultrasonic Aspirators, Surgical Instruments)
By Surgery Type: Intracranial Surgery, Endonasal Neurosurgery, Spinal Surgery
By End-User: Hospitals, Ambulatory Surgical Centers
By Geography: The regions covered in the neurosurgery devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Neurosurgery Devices and Equipment Global Market Report 2022provides market size and growth forecasts for the global neurosurgery devices and equipment market, global neurosurgery devices and equipment market share, neurosurgery devices and equipment market segments and geographies, neurosurgery devices and equipment market competitive landscape including leading competitors’ revenues, profiles and market shares. The neurosurgery devices and equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Neurosurgery Devices and Equipment Industry Playersinclude Medtronic, Boston Scientific Corporation, Stryker, Conmed Corporation, Smith & Nephew, Integra LifeSciences, Olympus Corporation, NICO, Karl Storz GmbH & Co. KG, and Richard Wolf GmbH. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.