According to the latest market research study released by Technavio, the global neurosurgery market is expected to grow at a CAGR of more than 9% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the global neurosurgery market based on application:
Global neurosurgery market shares by application 2015
|
Neurostimulation devices |
45.99% |
|
Neurointerventional devices |
27% |
|
Others |
15.63% |
|
CSF management devices |
8.79% |
|
Neurosurgical navigation systems |
2.59% |
Source: Technavio
The top three revenue contributing application segments are discussed below:
Neurostimulation devices
In 2015, neurostimulation devices accounted for around 46% share in the global neurosurgery market. These are implantable devices that deliver electrical stimulation to the brain and nervous system to treat neurological disorders such as epilepsy, dystonia, PD, pain, depression, obsessive-compulsive disorder, and tremors. They are powered by batteries that are replaced every 3-5 years. The basic components of neurostimulation devices are generator, leads and programmer.
“Neurostimulation devices include SCS, DBS, SNS, VNS, and GES, and continue to demonstrate significant improvements in patient outcomes. Such factor offers the market with huge growth opportunities. Vendors of the market are investing in the development of new products and research for the application of these products for other disease treatments,” says Barath Palada, a lead analyst at Technavio for research on orthopedics and general medical devices.
Neurointerventional devices
These devices are used in neurointerventional surgeries performed on abnormal vessels in the brain using MI techniques, imaging guidance, and by use of special types of microcatheter, guidewires, and other instruments. These devices are used in procedures, such as stenting techniques, brain aneurysm, neuro-thrombectomies, and coiling of aneurysms.
CSF management devices
CSF management devices are applied for maintaining intracranial pressure and preventing and treating CSF leaks. Cranial CSF leaks can be evident as rhinorrhea or otorrhea. CSF drainage devices help in reducing intracranial pressure during surgeries and hydrocephalus shunts help to drain excess CSF to another part of the body, such as the abdomen. A CSF shunt consists of two catheters and a one-way valve. The valve regulates the amount, direction of flow, and pressure of the CSF in the ventricles of the brain.
Neurosurgical navigation systems
Neurosurgery navigation systems are used to circumnavigate the brain or the vertebral column during surgeries. Before computed tomography (CT) scan, MRI, intracranial surgery, and PET image are used to understand brain anatomy and reveal the location and extent of the abnormality. Applying these images, a 3D virtual model of the patient’s head is created and anatomical landmarks are recognized. The surgeon can use this 3D model to plan and practice before the actual surgery. Once the surgery is planned, the information about the location is fed into the navigation software by placing sensors on the corresponding regions of the brain. Finally, tumor resections and brain biopsies are performed at a pre-calculated trajectory and depth using navigation probes.
The top leading vendors operating in the global neurosurgery market are:
- DePuy Synthes
- Integra LifeSciences
- Medtronic
- Stryker
Other prominent vendors in the market include 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.
A more detailed analysis is available in the Technavio report titled, ‘Global Neurosurgery Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Flow Diversion Aneurysm Treatment Market 2016-2020
- Global Craniomaxillofacial Devices Market 2016-2020
- Intraoperative Neuromonitoring Market in the US 2016-2020
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