Tag Archives: neurosurgery devices market trends

Neurosurgery Devices Market Worth USD 13.5 billion Driven by Growing Prevalence of Neurological Diseases

The growing prevalence of neurological diseases, efforts to develop the application base for neuromodulation, and the benefits of neuroendoscopic surgeries over conventional brain surgeries are driving the growth of the neurosurgery devices market.

The neurosurgery devices market is expected to grow from USD 7.3 billion in 2019 to USD 13.5 billion in 2024, at a CAGR of 13.0%.

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By product, the neuromodulation devices segment is expected to grow at the highest CAGR during the forecast period.

Analysis of Increasing Demand of Neurosurgery Devices in ****** Medical Devices Industry

The major factors driving the growth of the neurosurgery devices market are the rising prevalence of neurological disorders, the benefits of neuroendoscopic surgeries over conventional brain surgeries, and the growing prevalence of neurological diseases.

The neurosurgery devices market is projected to reach USD 13.5 billion by 2024 from USD 7.3 billion in 2019, at a CAGR of 13.0%.

The neuromodulation devices market is segmented into internal neuromodulation devices and external neuromodulation devices. The internal neuromodulation devices market is further segmented into spinal cord stimulation devices, deep brain stimulation devices, and other internal neuromodulation devices (vagus nerve stimulators, sacral nerve stimulators, and gastric electrical stimulators).