Global neurosurgery surgical power tools market is valued approximately at USD 1.17 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 3.6% over the forecast period 2021-2027. The surgical power tools for neurosurgery can be used for a variety of procedures, including skull-based surgeries, craniotomies, and more. This is ultimately used from various end user industries such as, Hospitals, Neurosurgical centers. Thus, an increase prevalence of neurological disorders and growing geriatric population worldwide are factors contributing to the market growth. For instance: According to the United Nations, there will be around 703 million people aged 65 and up in the world in 2019. In 2050, the number of elderly people is expected to increase to 1.5 billion. However, Lack of skilled professionals and huge costs involved in the neurosurgery surgical power tools impede the growth of the market over the forecast period of 2021-2027. Also, increasing technological advancement and investment in the research & development by private players are likely to boost the market growth in the forecast period.
The regional analysis of global neurosurgery surgical power tools market includes Asia Pacific, North America, Europe, Latin America and Rest of the World for analysis and estimation. North America is the leading region across the world in terms of market share owing to rapid growth in the healthcare industry. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as strategic initiatives by the private players would create lucrative growth prospects for the neurosurgery surgical power tools market across Asia-Pacific region.
Major market player included in this report are:
B. Braun Melsungen AG
Aygun Co. Inc.
Johnson & Johnson Services, Inc.
Karl Storz Se & Co
De Soutter Medical
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product type:
Pneumatic neurosurgical drills
Electrical neurosurgical drills.
By End User:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027
Target Audience of the Global Neurosurgery Surgical Power Tools Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers