Data Bridge Market Research analyses that the neurosurgery surgical power tools market which was USD 1.27 billion in 2021, would rocket up to USD 1.75 billion by 2029, and is expected to undergo a CAGR of 4.10% during the forecast period 2022 to 2029.
Through a meticulous process of problem analysis, model construction, and thorough fact-finding, the Neurosurgery Surgical Power Tools Market research report serves as a valuable resource for businesses engaged in decision-making and the effective management of goods and services marketing. Our dedicated team of industry experts, innovative forecasters, and knowledgeable analysts work collaboratively to deliver high-quality market research, encompassing estimations of the current market state, CAGR values, market size and share, revenue generation, and future product adjustments. The Neurosurgery Surgical Power Tools Market report not only identifies the best opportunities within the market but also equips businesses with the information necessary to achieve significant success.
Emphasizing customer requirements, this professional and comprehensive Neurosurgery Surgical Power Tools Market research report incorporates details about market drivers and restraints, enabling an understanding of the fluctuations in demand for specific products based on market conditions. Strategic aspects of the ABC industry, including product development, technological advancements, niche growth opportunities, application modeling, and exploration of new geographical markets, can be effectively addressed through the extensive information and data provided in this report. Taking into consideration various factors influencing the present and upcoming market scenario, this market report has been carefully crafted to meet the diverse needs of businesses navigating the competitive landscape.
Neurosurgeries and minimally invasive neurosurgeries are performed using surgical power tools. These tools consist of drills, saws, reamers, among others. Aneurysms, stroke, Alzheimer's, Parkinson's, degenerative diseases, and spinal cord and brain injuries are just a few examples of the neurological problems that can be diagnosed and treated using neurosurgery.
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In recent years, the Neurosurgery Surgical Power Tools Market is anticipated to grow rapidly during the forecast period. Multiple sclerosis affects about 1 million people in the United States and 2.3 million people globally, according to the National Multiple Sclerosis Society. Each year, the number of people diagnosed with multiple sclerosis rises, necessitating the development of new medications that are more effective and have fewer side effects. Governments and non-government organizations in developed and developing countries are increasing their efforts to raise awareness of multiple sclerosis and giving significant funds for drug research and development.
Market Growth Drivers:
Drivers
Increase in neurological illnesses
The market is being supported by factors such as the widespread usage of devices in end-user markets such as hospitals and neurosurgical centres, their usefulness in operations such as craniotomies and skull-based surgeries, and the sharp increase in neurological illnesses among the ageing population.
Government initiatives
According to the administration for community living, geriatric population (65 years and above) in the U.S. stood at 46.2 million in 2014. Aging is associated with a large number of diseases and disorders. Majority of elderly people suffer from neurological disorders. Therefore, growth in aging population is likely to drive the global neurosurgery surgical power tools market during the forecast period 2022-2029.
The report emphasizes the participation of key entities, notably:
Medtronic (Ireland)
Braun Melsungen AG (Germany)
Stryker (U.S.)
Brainlab AG (Germany)
Integra LifeSciences (U.S.)
Scopis GmbH (Germany)
Boston Scientific Corporation (U.S.)
Elekta (Sweden)
Key Highlights in the Report
Providing an extensive analysis of the Neurosurgery Surgical Power ToolsMarket for a holistic understanding.
Presenting details about the leading industry players, their product ranges, and strategic approaches.
Delving into the prominent regional landscapes where Multiple Sclerosis demonstrates significant growth.
Exploring the latest trends and advancements within the industry.
Identifying potential and specialized segments/regions poised for notable expansion.
Key Market Segmentation
Tool Type (Drill, Reamer, Saw, Others), Power Type (Pneumatic, Electric, Battery Powered), End-User (Neurosurgical Centers, Hospitals)
Target Audience:
Businesses in the Multiple Sclerosis industry
Investors and analysts interested in the Neurosurgery Surgical Power Tools Market
Anyone who wants to learn more about the Neurosurgery Surgical Power Tools Market
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