Neurosurgery Market is estimated to be US$ 14.4 Billion by 2034 with a CAGR of 10.6% during the forecast period

Published Date: March 2024

Neurosurgery is the surgical therapy of disorders affecting the nerve system is the focus of the medical specialty. The brain, spinal cord, and limber nerves are included in this. A vast variety of neurological ailments, accidents, and diseases are diagnosed, treated, and managed surgically by neurosurgeons, highly trained medical experts.

Increased patient awareness of neurological conditions and the availability of surgical treatments can drive early diagnosis and intervention, positively impacting the Neurosurgery Market. The demand for neurosurgical services is not limited to developed countries. Emerging economies are also investing in healthcare infrastructure and neurosurgical capabilities, leading to market growth in these regions.Neurosurgery Market was valued at US$ 5.8 Billion in 2024 and is projected to grow at a CAGR of 10.6% to reach US$ 14.4 Billion by 2034.

The report “Neurosurgery Market, By Device Type (Neurosurgery Software, Radiosurgery Systems, and Neuro Interventional Devices), By Surgery Type (Spine Surgery, and Functional Neurosurgery), By Application (Brain Tumors, Cortical Mapping, Parkinson's disease, and Chronic Pain), By End-User (Ambulatory Surgical Centers, Neurosurgery Centers, Hospitals, Research Centers, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

 Key Highlights:

  • In January 2023, under the direction of Gerald A. Grant, MD, chair of the Department of Neurosurgery and a recognized authority on the treatment of the condition, Duke is establishing the first Chiari malformation program in the Southeast United States. It is the country's third facility of its kind. Building a program that offers comprehensive and holistic treatment for both children and adults across the lifetime is the main goal, according to Grant. 
  • In August 2022, Jaslok Hospital launches functional neurosurgery clinic in Hyderabad. Functional neurosurgery, which has been practiced in Hyderabad for more than ten years, will be the clinic's main area of expertise. To fill this medical need, Jaslok Hospital and Research Centre from Mumbai will expand its services to Hyderabad.

Analyst View:

The accuracy and results of neurosurgical treatments are being improved by ongoing advancements in medical technology, including minimally invasive surgical methods, robotic-assisted surgery, and neuroimaging. The range of conditions that can be treated may increase as a result of these advancements. Advances in genomics and precision medicine are allowing for more tailored treatments in neurosurgery. Patient-specific approaches based on genetics and biomarkers may become more common.  

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on Neurosurgery Market, By Device Type (Neurosurgery Software, Radiosurgery Systems, and Neuro Interventional Devices), By Surgery Type (Spine Surgery, and Functional Neurosurgery), By Application (Brain Tumors, Cortical Mapping, Parkinson's disease, and Chronic Pain), By End-User (Ambulatory Surgical Centers, Neurosurgery Centers, Hospitals, Research Centers, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034”

Key Market Insights from the report:

Neurosurgery Market was valued at US$ 5.8 Billion in 2024 and is projected to grow at a CAGR of 10.6% to reach US$ 14.4 Billion by 2034.Neurosurgery Market is segmented based on Device Type, Surgery Type, Application, End-User and Region.

  • Based on Device Type, Neurosurgery Market is segmented into Neurosurgery Software, Radiosurgery Systems, and Neuro Interventional Devices.
  • Based on Surgery Type, Neurosurgery Market is segmented into Spine Surgery, and Functional Neurosurgery.
  • Based on Application, Neurosurgery Market is segmented into Brain Tumors, Cortical Mapping, Parkinson's disease, and Chronic Pain.
  • Based on End-User, Neurosurgery Market is segmented into Ambulatory Surgical Centers, Neurosurgery Centers, Hospitals, Research Centers, and Others.  
  • By Region, the Neurosurgery Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies of Neurosurgery Market:

The prominent players operating in the Neurosurgery Market includes, Terumo Corporation, Clarus Medical LLC., Medtronic, Integra LifeSciences, Resonetics, Boston Scientific Corporation, Penumbra Inc., Stryker, Braun SE., and Adeor Medical AG.

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