Global Minimally Invasive Neurosurgical Systems Market: Trends, Growth, and Forecast
The global minimally invasive neurosurgical systems market is expected to witness significant growth in the coming years. According to a recent report by VynZ Research, the market is expected to reach USD 1,195.4 million by 2027, growing at a CAGR of 11.5% during the forecast period from 2021 to 2027.
The minimally invasive neurosurgical systems market is driven by several factors, including the increasing prevalence of neurological disorders, advancements in neurosurgical technologies, and the rising demand for minimally invasive procedures. The market is also being boosted by the growing investments in research and development activities by key players in the industry.
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Based on the product type, the market is segmented into systems and accessories. The systems segment is further divided into robotic systems and non-robotic systems. The accessories segment includes endoscopes, visualization systems, and surgical instruments.
Among these, the robotic systems segment is expected to dominate the market during the forecast period, owing to the increasing adoption of robotic-assisted minimally invasive neurosurgery.
On the basis of application, the market is segmented into spinal surgery, neurovascular surgery, and others. The spinal surgery segment is expected to dominate the market during the forecast period, owing to the increasing prevalence of spinal disorders, such as herniated discs and spinal stenosis.
Geographically, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America is expected to dominate the market during the forecast period, owing to the presence of a large number of key players in the region and the increasing adoption of minimally invasive neurosurgical systems.
The key players operating in the market include Medtronic Plc, Stryker Corporation, Zimmer Biomet Holdings Inc., Integra LifeSciences Corporation, Smith & Nephew plc, Brainlab AG, Renishaw plc, B. Braun Melsungen AG, and Microbot Medical Inc. These players are focusing on developing innovative and technologically advanced minimally invasive neurosurgical systems to cater to the increasing demand from healthcare providers and patients.
In conclusion, the global minimally invasive neurosurgical systems market is expected to witness significant growth in the coming years, driven by several factors, including the increasing prevalence of neurological disorders, advancements in neurosurgical technologies, and the rising demand for minimally invasive procedures. The market is expected to be dominated by North America, with the robotic systems segment expected to witness the highest growth during the forecast period.
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