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Neurosurgical Products Market - Global Study on Neurosurgical Products Asia Pacific to Witness Highest Growth by 2022
Persistence Market Research Released New Market Report Global Market Study on
Neurosurgical Products: AsiaPacific to Witness Highest Growth by 2022, the global
neurosurgical products market is estimated to be valued at US$3,685.8Mn by the end
of2015 and expand at a CAGR of 11.2% from 2015 to 2022, to account forUS$7,756.2Mn by
2022.
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Neurosurgical
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The global neurosurgical products market is witnessing significant growth due to growing
geriatric population.
Moreover,
increasing the
growing
government funding, and rising awareness about neurosurgical disorders are also driving the
growth of the market. Furthermore, growing demand for minimally invasive surgeries is
expected to create growth opportunities for the neurosurgical products market over the
forecast period. However, stringent regulatory requirements, long approval times for new
neurosurgical products, and availability of alternative treatment for neurosurgical diseases
inhibit the growth of the market. The neurosurgical products market is anticipated to grow
from an estimated US$3,685.8 Mn by the end of 2015 to US$7,756.2 Mn by 2022 at a CAGR
of 11.2% during the forecast period.
The North America market is growing at a significant rate due to increasing healthcare
expenditure, rising geriatric population, and increasing the prevalence of brain tumor in the
region. According to the Brain Aneurysm Foundation, approximately 6 million people in the
U.S. have a unruptured brain aneurysm and annually around 30,000 people suffer from brain
aneurysm rupture. Moreover, initiatives taken by various government associations are
helping to spread awareness about advanced neurosurgical products in North America.
Neurosurgical Products Market - Global Study on Neurosurgical Products Asia Pacific to Witness Highest Growth by 2022
approximately 50% by 2030. Moreover, according to the NHS Commissioning Board in
England, the U.K., Great Britain, neurosurgery is witnessing an annual growth of 2%-5%.
With increasing number of neurosurgical procedures, demand for neurosurgical products is
also poised to rise over the next few years.
Integra LifeSciences Holdings Corporation, KARL STORZ GmbH & Co. KG., Medtronic plc,
Johnson & Johnson Services, Inc., Stryker Corporation, B. Braun Melsungen AG, Terumo
Corporation, and Elekta AB. some of the major players of the neurosurgical products market.
Shunts
Neurosurgical endoscopes
Embolization products
Others
By condition
Hydrocephalus
Neurosurgical Products Market - Global Study on Neurosurgical Products Asia Pacific to Witness Highest Growth by 2022
Aneurysms
Arteriovenous malformations
Others
By procedure
Open surgery
By geography
North America
U.S.
Europe
Germany
France
U.K.
Asia
China
Japan
India
Market History:
The global neurosurgical products market is witnessing significant growth due to growing geriatric
population. Moreover, increasing the incidence of brain tumors, growing government funding, and raising
awareness about neurosurgical disorders are also driving the growth of the market. Furthermore, growing
demand for minimally invasive surgeries is expected to create growth opportunities for the neurosurgical
products market. However, stringent regulatory requirements, long approval times for new neurosurgical
Neurosurgical Products Market - Global Study on Neurosurgical Products Asia Pacific to Witness Highest Growth by 2022
products, and availability of alternative treatment for neurosurgical diseases inhibit the growth of the
market.
The neurosurgical products market is anticipated to grow from an estimated US$3,685.8 Mn by the end of
2015 to US$7,756.2 Mn by 2022at a CAGR of 11.2% during the forecast period. North America is
projected to be the largest market for neurosurgical products, with an aneurysm being the most prevalent
neurosurgical condition, and embolization products being the most preferred neurosurgical product by the
end of 2015. Asia Pacific is expected to be the fastest-growing region in terms of revenue while
stereotactic radiosurgery is projected to be the fastest-growing neurosurgical product type segment over
the forecast period.
Aneurysms are abnormal widening or bulging of parts of blood vessels due to weakening of the wall of the
blood vessel.The global aneurysms segment is expected to grow from an estimated US$1,328.8 Mn by
the end of2015 to US$2,866.1 Mn by 2022 at a CAGR of 11.6% during the forecast period.
Table of Content
Chapter 1 Preface 9
1.1 Report Description 9
1.2 Research Methodology 10
1.3 Assumptions 10
Chapter 2 Market Synopsis 11
Chapter 3 Porters Five Forces Analysis 12
3.1 Bargaining Power of Suppliers 12
3.2 Bargaining Power of Buyers 13
3.3 Threat of New Entrants 13
Neurosurgical Products Market - Global Study on Neurosurgical Products Asia Pacific to Witness Highest Growth by 2022
3.4 Threat of Substitutes 13
3.5 Intensity of Rivalry 14
Chapter 4 Industry Overview 15
4.1 Market Definition 15
4.2 Market Drivers 16
4.2.1 Growing geriatric population 16
4.2.2 Growing government funding 17
4.2.3 Increasing incidence of brain tumor 18
4.2.4 Rising awareness about neurological disorders 18
4.3 Impact Analysis of Market Drivers 18
4.4 Market Restraints 19
4.4.1 Availability of alternative treatment for neurological diseases 19
4.4.2 Stringent regulatory requirements and long approval times for new neurosurgical
products 19
4.5 Impact Analysis of Market Restraints 20
4.6 Opportunities 20
4.6.1 Growing demand for minimally invasive surgeries 20
Chapter 5 Global Market Size and Forecast 22
Neurosurgical Products Market - Global Study on Neurosurgical Products Asia Pacific to Witness Highest Growth by 2022
Neurosurgical Products Market - Global Study on Neurosurgical Products Asia Pacific to Witness Highest Growth by 2022
Neurosurgical Products Market - Global Study on Neurosurgical Products Asia Pacific to Witness Highest Growth by 2022
Neurosurgical Products Market - Global Study on Neurosurgical Products Asia Pacific to Witness Highest Growth by 2022
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Neurosurgical Products Market - Global Study on Neurosurgical Products Asia Pacific to Witness Highest Growth by 2022
List of Tables
TABLE 1 Market snapshot: Neurosurgical products market, 2015 and 2022 11
TABLE 2 Drivers for neurological products market: Impact analysis 18
TABLE 3 Restraints for neurological products market: Impact analysis 20
TABLE 4 Global neurosurgical products market size, by region, 2012 2014 (US$ Mn) 23
TABLE 5 Global neurosurgical products market size, by region, 2015 2022 (US$ Mn) 23
TABLE 6 Global neurosurgical products market size, by condition, 2012 2014 (US$ Mn) 24
TABLE 7 Global neurosurgical products market size, by condition, 2015 2022 (US$ Mn) 25
TABLE 8 Global neurosurgical products market size, by product type, 2012 2014 (US$ Mn)
26
TABLE 9 Global neurosurgical products market size, by product type, 2015 2022 (US$ Mn)
27
TABLE 10 Global neurosurgical products market size, by procedure, 2012 2014 (US$ Mn)
28
TABLE 11 Global neurosurgical products market size, by procedure, 2015 2022 (US$ Mn)
29
TABLE 12 Global hydrocephalus market size, by region, 2012 2014 (US$ Mn) 31
TABLE 13 Global hydrocephalus market size, by region, 2015 2022 (US$ Mn) 31
TABLE 14 Global aneurysms market size, by region, 2012 2014 (US$ Mn) 33
TABLE 15 Global aneurysms market size, by region, 2015 2022 (US$ Mn) 33
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Neurosurgical Products Market - Global Study on Neurosurgical Products Asia Pacific to Witness Highest Growth by 2022
TABLE 16 Global arteriovenous malformations market size, by region, 2012 2014 (US$ Mn)
34
TABLE 17 Global neurosurgical products market size, by region, 2015 2022 (US$ Mn) 35
TABLE 18 Global pituitary and intracranial tumors market size, by region, 2012 2014 (US$
Mn) 36
TABLE 19 Global pituitary and intracranial tumors market size, by region, 2015 2022 (US$
Mn) 37
TABLE 20 Global open neurosurgery market size, by region, 2012 2014 (US$ Mn) 38
TABLE 21 Global open neurosurgery market size, by region, 2015 2022 (US$ Mn) 39
TABLE 22 Global neurovascular and minimally invasive surgery market size, by region, 2012
2014 (US$ Mn) 40
TABLE 23 Global neurovascular and minimally invasive surgery market size, by region, 2015
2022 (US$ Mn) 41
TABLE 24 Global shunts market size, by region, 2012 2014 (US$ Mn) 43
TABLE 25 Global shunts market size, by region, 2015 2022 (US$ Mn) 43
TABLE 26 Global neurosurgical endoscopes market size, by region, 2012 2014 (US$ Mn) 44
TABLE 27 Global neurosurgical endoscopes market size, by region, 2015 2022 (US$ Mn) 45
TABLE 28 Global stereotactic radio-surgery system market size, by region, 2012 2014 (US$
Mn) 47
TABLE 29 Global stereotactic radio-surgery system market size, by region, 2015 2022 (US$
Mn) 47
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Neurosurgical Products Market - Global Study on Neurosurgical Products Asia Pacific to Witness Highest Growth by 2022
TABLE 30 Global embolization products market size, by region, 2012 2014 (US$ Mn) 49
TABLE 31 Global embolization products market size, by region, 2015 2022 (US$ Mn) 49
TABLE 32 Global aneurysm and AVM clips market size, by region, 2012 2014 (US$ Mn) 50
TABLE 33 Global aneurysm and AVM clips market size, by region, 2015 2022 (US$ Mn) 51
TABLE 34 North America neurosurgical products market size, by country, 2012 2014 (US$
Mn) 53
TABLE 35 North America neurosurgical products market size, by country, 2015 2022 (US$
Mn) 54
TABLE 36 Europe neurosurgical products market size, by country, 2012 2014 (US$ Mn) 55
TABLE 37 Europe neurosurgical products market size, by country, 2015 2022 (US$ Mn) 56
TABLE 38 Asia Pacific neurosurgical products market size, by country, 2012 2014 (US$ Mn)
58
TABLE 39 Asia Pacific neurosurgical products market size, by country, 2015 2022 (US$ Mn)
58
TABLE 40 Major product categories of Integra LifeSciences 62
TABLE 41 Product divisions of KARL STORZ 65
TABLE 42 Major product segments of Medtronic plc 68
TABLE 43 Product segments of Johnson & Johnson 71
TABLE 44 Major product segments of Stryker 73
TABLE 45 Major product categories of Elekta AB 75
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Neurosurgical Products Market - Global Study on Neurosurgical Products Asia Pacific to Witness Highest Growth by 2022
TABLE 46 Major product segments of Terumo Corporation 77
TABLE 47 Product categories of Penumbra, Inc. 79
TABLE 48 Major product categories of B. Braun 81
TABLE 49 Product segments of Varian Medical Systems, Inc. 84
List of Figures
FIG. 1 Neurosurgical products market: Porters five forces analysis 12
FIG. 2 Major neurosurgical devices 15
FIG. 3 Aging population in major regions, 2000 2050 (% share in total population) 17
FIG. 4 Global neurosurgical products market value share, by region, 2014 22
FIG. 5 Global neurosurgical products market value share, by condition, 2014 24
FIG. 6 Global neurosurgical products market value share, by product type, 2014 25
FIG. 7 Global neurosurgical products market value share, by procedure, 2014 28
FIG. 8 Global hydrocephalus market value share, by region, 2014 30
FIG. 9 Global aneurysms market value share, by region, 2014 32
FIG. 10 Global arteriovenous malformations market value share, by region, 2014 34
FIG. 11 Global pituitary and intracranial tumors market value share, by region, 2014 36
FIG. 12 Global open neurosurgery market value share, by region, 2014 38
FIG. 13 Global neurovascular and minimally invasive surgery market value share, by region,
2014 40
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Neurosurgical Products Market - Global Study on Neurosurgical Products Asia Pacific to Witness Highest Growth by 2022
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Neurosurgical Products Market - Global Study on Neurosurgical Products Asia Pacific to Witness Highest Growth by 2022
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