Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 4.82 Billion | USD 8.92 Billion | 6.5% | 2024 |
The global minimally invasive neurosurgery device market size was worth around USD 4.82 Billion in 2024 and is predicted to grow to around USD 8.92 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 6.5% between 2025 and 2034. The report analyzes the global minimally invasive neurosurgery device market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the minimally invasive neurosurgery device industry. Request Free Sampleto 2028
Minimally invasive neurosurgery is done in various parts of the brain, spinal cord, or skull base through a very small dent. The conventional surgical procedures induce lots of trauma and healing takes a lot of time which is quite cumbersome. However, minimally invasive surgery overcomes all these issues and also involves a smaller stay at the hospital post-surgery.
Traditional surgeries are performed with the insertion of laparoscopic equipment which is huge and causes problems after the surgery. Minimally invasive neurosurgery, on the other hand, is done through small incisions and special devices to fix the defective parts. Patients recover faster and their healing is much faster than the former one.
The display lenses ensure clearer visibility to identify any slightest defects in tissues and cells so the diagnosis is precise and quicker. The high-quality devices are inserted through the body parts without much pain and also come across as a safer option for patients. There is better accuracy and lesser loss of blood or any other chance of sudden causalities while the surgery is performed. Neurological and oral surgeries are performed at ease with the help of these devices. The geriatric population benefitted more as the recovery is simpler and faster.
Growing neurological disorders and improvement in the neurological department boosts market growth
The global minimally invasive neurosurgery device market grows at a significant rate due to frequent increases in the development of the medical field in the neurological department. There has been a constant rise in the geriatric population who seem to have adapted themselves more towards minimally invasive surgery. Neurological disorders among people have become more prominent and consumption & demand for minimally invasive neurosurgery devices have increased. Lifestyle changes that are more raging now make people incline more toward efficient surgery methods like minimally invasive neurosurgery methods. These factors amplify the market rate to a large extent.
Apart from this, there are also ample technological advancements and huge prospects for research analysis based on neurological studies and treatment. This bolsters growth in the market and also paves way for market expansion in the future. Augmented reality and AI tools have been integrated with high-quality minimal invasive devices which increases the leverage of this treatment method.
The efficiency of these surgery methods has induced people to incline more towards this approach over traditional surgery methods. The easy recovery option and faster healing feature of minimally invasive surgeries boost the demand in favor of this thereby propelling the market growth.
Shortage of skilled laborers to perform the surgery along with the complexity of these instruments restrict market growth
The complexity of the minimal invasive neurosurgery devices while they are employed along with the substantial shortage of skilled laborers to operate those instruments hamper the market growth. These devices also cost heavily and reimbursement policies for this treatment in some developing countries are not very satisfying. This factor affects the demand for the devices thereby impeding the growth of the global market as well.
Minimally Invasive Neurosurgery Market: Opportunities
Growing neurological disorders and increasing healthcare expenditures provide lucrative opportunities for market growth
There are improvements in healthcare infrastructure across the world and numerous technological advancements in the neurological sectors have been emerging. Apart from this, neurological disorders among people have become more prominent. All these factors provide promising opportunities for the expansion of the global minimally invasive neurosurgery device market.
Shortage of trained and skilled professionals to perform this surgery poses a challenge for the market growth
There is a conspicuous lack of trained professionals to perform the surgery and also operate this minimally invasive neurosurgery device. This restricts the adaption of minimally invasive neurosurgery devices thereby posing a challenge for market expansion.
High cost associated with minimally invasive neurosurgery devices challenges market growth
The instruments required for minimally invasive neurosurgery are expensive and their performance is complicated. This factor poses a challenge to the market growth substantially.
Report Attributes | Report Details |
---|---|
Report Name | Minimally Invasive Neurosurgery Device Market |
Market Size in 2024 | USD 4.82 Billion |
Market Forecast in 2034 | USD 8.92 Billion |
Growth Rate | CAGR of 6.5% |
Number of Pages | 214 |
Key Companies Covered | Karl Storz GmbH & Co. KG, Olympus Corporation, Conmed Corporation, Richard Wolf GmbH, Boston Scientific Inc., Integra Lifescience Holdings Corporation, Aesculap Division, Smith & Nephew Plc, Medtronic, NICO Corp, and others. |
Segments Covered | By Product, By Surgery Type, By End-Users, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global minimally invasive neurosurgery device market is fragmented into products, surgery types, end-users, and regions. The products are classified into handheld devices, inflation devices, surgical devices, and endoscopy devices. The surgery types are divided into urological, vascular, cardiac, cosmetic, and orthopedic. End users are hospitals and ASCs.
Recent Developments:
North America to lead the global market with a considerable revenue share
North America is a lucrative contributor to the global minimally invasive neurosurgery device market. This is due to the growing cases of neurological disorders in the region. This has also become the most eminent cause of death that many people are inclined towards this surgery. Rapid technological advancement in the medical field with respect to neurological sectors also boosts the market growth. The growing modernization and improvisation of healthcare infrastructures in neurosurgeries amplify the market rate in the Asia-Pacific region. Manufacturers in this region are trying to integrate AI systems into invasive surgery devices which hikes up the demand for minimally invasive neurosurgeries across this region.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the minimally invasive neurosurgery device market on a global and regional basis.
Major players in the global minimally invasive neurosurgery device market are
The global minimally invasive neurosurgery device market is segmented as
By Products
By Surgery Types
By End-Users
By Region
FrequentlyAsked Questions
The global minimally invasive neurosurgery device market is expected to grow due to rising prevalence of neurological disorders, increasing demand for less invasive procedures, advancements in imaging and robotic-assisted technologies, and growing adoption of endoscopic neurosurgeries.
According to a study, the global minimally invasive neurosurgery device market size was worth around USD 4.82 Billion in 2024 and is expected to reach USD 8.92 Billion by 2034.
The global minimally invasive neurosurgery device market is expected to grow at a CAGR of 6.5% during the forecast period.
North America is expected to dominate the minimally invasive neurosurgery device market over the forecast period.
Leading players in the global minimally invasive neurosurgery device market include Karl Storz GmbH & Co. KG, Olympus Corporation, Conmed Corporation, Richard Wolf GmbH, Boston Scientific Inc., Integra Lifescience Holdings Corporation, Aesculap Division, Smith & Nephew Plc, Medtronic, NICO Corp, among others.
The report explores crucial aspects of the minimally invasive neurosurgery device market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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