Minimally Invasive Neurosurgical Devices Market Size by Segments, Share, Regulatory, Reimbursement, Procedures and Forecast to 2033
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Minimally Invasive Neurosurgical Devices Market Report Overview
The minimally invasive neurosurgical devices market size was valued at $146.9 million in 2023. The market will witness growth at a CAGR of more than 5% from 2023 to 2033. Minimally invasive neurosurgical devices are used to perform neurosurgical procedures without large incisions into the skull. These devices aim to maximize visualization of cranial tissue while reducing post-operative complications during surgical procedures.
Minimally Invasive Neurosurgical Devices Market Outlook 2023-2023 ($ Million)
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The minimally invasive neurosurgical devices market research report explains the market behavior, which will help identify quantitative market trends within the neurology devices therapeutic area. The report has extensively covered pipeline products and technologies, which will help in identifying companies with the most robust pipeline. This, in turn, will assist in predictive analysis for designing in-licensing and out-licensing strategies. The minimally invasive neurosurgical devices market model also discusses the detailed impact of COVID-19 on the market for 2020 and beyond.
Market Size (2023) | $146.9 million |
CAGR (2023-2033) | >5% |
Historic Period | 2015-2023 |
Forecast Period | 2023-2033 |
Key Segments | · Disposable Handpieces
· Subcortical Access Devices · Ultrasonic Aspiration Disposable Tips |
Key Regions |
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Key Companies |
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Minimally Invasive Neurosurgical Devices Market Dynamics
Positive results from upcoming clinical trials using minimally invasive neurosurgical techniques will sway specialists to use this technique for Intracerebral Hemorrhage (ICH) and brain tumors. Moreover, KOLs have indicated that procedures requiring minimally invasive neurosurgical devices may be covered under the government healthcare plans following the publication of positive clinical trial results.
The adoption of minimally invasive neurosurgical techniques will grow as clinical trial techniques improve and positive trial results highlight the benefits of these procedures. Furthermore, advancements in technology, increased awareness, training of specialists in procedural techniques, and an increase in disease prevalence will also contribute to market growth in the coming years.
Minimally Invasive Neurosurgical Devices Market Segments
The key segments in the minimally invasive neurosurgical devices market are disposable handpieces, subcortical access devices, and ultrasonic aspiration disposable tips. The ultrasonic aspiration disposable tips segment held the largest share of the market in 2023. Ultrasonic aspiration disposable tips use vibration to create negative pressure in the targeted tissue. It destroys and removes the targeted cells while leaving other biological structures (e.g., blood vessels, nerves, and other healthy tissue) intact.
Minimally Invasive Neurosurgical Devices Market Analysis by Segments, 2023 (%)
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Minimally Invasive Neurosurgical Devices Market Segmentation by Regions
The key regions in the minimally invasive neurosurgical devices market are North America, South and Central America, Europe, Asia-Pacific, and the Middle East and Africa. In 2023, Europe emerged as the leading region for minimally invasive neurosurgical devices market. The European market was mainly driven by growth in the number of ICH patients and a rise in the number of procedures performed owing to positive clinical trial results and trained physicians. The device usage widely varies among European countries, with some favoring one device type over another as per the physician’s preference.
Minimally Invasive Neurosurgical Devices Market Analysis by Regions, 2023 (%)
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Minimally Invasive Neurosurgical Devices Market – Competitive Landscape
The key companies in the minimally invasive neurosurgical devices market are Stryker Corp, Integra LifeSciences Corp, Penumbra Inc, NICO Corporation, Soring GmbH, Vycor Medical Inc, and Bioventus Inc, and others. In 2023, Stryker Corp accounted for the highest minimally invasive neurosurgical devices market share and value.
Minimally Invasive Neurosurgical Devices Market Analysis by Companies, 2023 (%)
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Segments Covered in this Report
Minimally Invasive Neurosurgical Devices Segment Outlook ($ Billion, 2015-2033)
- Disposable Handpieces
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- Aspiration Irrigation System Disposable Handpieces
- Side-Cutting Aspiration Disposable Handpieces
- Subcortical Access Devices
- Ultrasonic Aspiration Disposable Tips
Minimally Invasive Neurosurgical Devices Regional Outlook ($ Billion, 2015-2033)
- North America
- South and Central America
- Europe
- Asia-Pacific
- Middle East and Africa
Key Inclusions of the market model are –
Currently marketed minimally invasive neurosurgical devices market and evolving competitive landscape –
- Insightful review of the key industry trends.
- Annualized total minimally invasive neurosurgical devices market revenue by segment and market outlooks from 2015-2033.
- Market-level data on units, average selling prices, and market values.
Global, Regional, and Country level market specific insights –
- Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- SWOT analysis for the minimally invasive neurosurgical devices market.
- Competitive dynamics insights and trends provided for the minimally invasive neurosurgical devices market.
Understand the market by getting the veritable big picture including an overview of the healthcare system. In addition, the Market Access segment allows you to delve deeper into market dynamics with information on reimbursement policies and the regulatory landscape.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, real-world data sources are leveraged to determine market trends; these include government procedure databases, hospital purchasing databases, and proprietary online databases.
Companies covered: Stryker Corp, Integra LifeSciences Corp, Penumbra Inc, NICO Corporation, Soring GmbH, Vycor Medical Inc, Bioventus Inc and Others.
Countries covered: United States, Canada, Mexico, France, Germany, Italy, Spain, United Kingdom, Austria, Belgium, Czech Republic, Denmark, Finland, Greece, Hungary, Ireland, Netherlands, Norway, Poland, Portugal, Russia, Sweden, Switzerland, Turkey, Australia, China, India, Japan, New Zealand, South Korea, Taiwan, Argentina, Brazil, Chile, Egypt, Israel, Saudi Arabia, South Africa, and United Arab Emirates
Scope
This Market Model gives important, expert insight you won’t find in any other source. The model illustrates qualitative and quantitative trends within the specified market. This model is required reading for
- CMO executives who must have a deep understanding of the minimally invasive neurosurgical devices marketplace to make strategic planning and investment decisions.
- Sourcing and procurement executives must understand crucial components of the supply base in order to make decisions about supplier selection and management.
- Private equity investors who need a deeper understanding of the market to identify and value potential investment targets.
Reasons to Buy
The model will enable you to –
- Understand the impact of COVID-19 on minimally invasive neurosurgical devices.
- Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving Minimally Invasive Neurosurgical Devices.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the minimally invasive neurosurgical devices market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company’s share of market leaders.
- Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
- Track device sales in the global and country-specific minimally invasive neurosurgical devices market from 2015-2033.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.
Integra LifeSciences Corp
Penumbra Inc
NICO Corporation
Soring GmbH
Vycor Medical Inc
Bioventus Inc
Others
Frequently asked questions
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What was the minimally invasive neurosurgical devices market size in 2023?
The minimally invasive neurosurgical devices market size was $146.9 billion in 2023.
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Which was the leading segment in the minimally invasive neurosurgical devices market?
The ultrasonic aspiration disposable tips segment was leading the minimally invasive neurosurgical devices market.
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Which region dominated the minimally invasive neurosurgical devices market in 2023?
Europe was the largest regional segment of the minimally invasive neurosurgical devices market.
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Which are the key companies operating in the minimally invasive neurosurgical devices market?
Stryker Corp, Integra LifeSciences Corp, Penumbra Inc, NICO Corporation, Soring GmbH, Vycor Medical Inc, and Bioventus Inc among others are the key companies operating in the minimally invasive neurosurgical devices market.
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