[225 Pages Report] As per the detailed study by FMI, the global MRI Guided Neurosurgical Ablation Market was at US$ 154 Million in 2021, and is projected to reach US$ 216.3 Million by 2028, rising at a CAGR of 5% from 2022 to 2028.
| Attribute | Details |
|---|---|
| MRI Guided Neurosurgical Ablation Market Size (2021) | US$ 154 Million |
| Sales Forecast for MRI Guided Neurosurgical Ablation Equipment (2028) | US$ 216.3 Million |
| Global Market Growth Rate (2022 to 2028) | 5% CAGR |
| Share of Top 5 MRI Guided Neurosurgical Ablation Device Suppliers | 50% |
MRI guided neurosurgical ablation device sales account for around 13% market share of the global ablation devices market. Demand for MRI-guided neurosurgical ablation accessories is likely to increase at a CAGR of 5.8% over the assessment period of 2022 to 2028.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
| Particulars | Details |
|---|---|
| H1, 2021 | 4.87% |
| H1, 2022 Projected | 4.96% |
| H1, 2022 Outlook | 4.16% |
| BPS Change - H1, 2022 (O) - H1, 2022 (P) | (-) 80 ↓ |
| BPS Change - H1, 2022 (O) - H1, 2021 | (-) 71 ↓ |
A comparative analysis related to the market growth rates and development prospects in the global MRI guided neurosurgical ablation market is presented by Future Market Insights. The market is highly influenced by the regulatory approvals and innovation factors under the impact of macro and industry factors.
According to Future Market Insights analysis, the global MRI guided neurosurgical ablation market expects to drop by 71 Basis Point Share (BPS) in H1-2022 as compared to H1- 2021. Whereas, in comparison to H1-2022 projected value, the market during H1-2022 outlook period will show a dip of 80 BPS.
The introduction of image-guided neurosurgery has significantly advanced the microsurgical management of intracranial diseases such as tumours and vascular abnormalities.
The main disadvantage of image-guided navigation systems is that they rely on preoperatively acquired images, primarily MRI images, for both the planning of the operative procedure and its intraoperative performance. This is true despite the technology's broad applicability and many fascinating aspects.
The market for magnetic resonance imaging (MRI)-guided neurosurgical ablation is expected to grow, but factors such as the high cost and lack of skilled and trained professionals are expected to restrain it. On the other hand, a lack of public awareness relating to the management of brain tumours may also pose a threat to the market's expansion. These factors are directly associated with the reduced BPS value.
According to FMI, the global MRI guided neurosurgical ablation market registered a CAGR 4.2% of over the historical period of 2013 to 2021.
MRI-guided minimally invasive neurosurgery has experienced major momentum in recent years, propelled by technologies such as MRI intervention neurosurgical navigation platform and MRI-guided laser ablation platforms. The vast majority of these MRI-guided platforms are used within standard diagnostic MRI suites.
In a recent survey of neurosurgeons and neurologists, 80% of respondents expressed a belief that real-time MRI guidance will or can become the future of functional neurosurgery. Utilization of MRI-guided neurosurgical systems is not limited to researchers and future applications.
Today, clinicians are performing an increasing number of MRI-guided laser ablation procedures as part of their regular clinical practice. MRI guidance is enabling a variety of minimally invasive procedures for a broad range of patients, which has enabled future growth of the market for MRI guided neurosurgical ablation products.
The per capita healthcare expenditure is currently following an uptrend across both developed and developing economies, which has made it possible to implement quality patient care treatment options. Growing awareness regarding minimal surgery is expected to fuel the demand for MRI-guided neurosurgical systems in the global market.
Rising adoption of MRI-guided laser ablation for brain tumors is expected to boost the growth of the MRI guided neurosurgical ablation technology market over the coming years.
Launch of MRI-guided system has revolved around the field of neurosurgery and introduction of MRI-guided laser interstitial thermal therapy (LITT) are expected to contribute to the growth of the MRI guided neurosurgical ablation market.
All of these factors are expected to drive the MRI guided neurosurgical ablation market at a 5% CAGR across 2022 to 2028.
The North American regional market for MRI guided neurosurgical ablation systems is projected to account for 47.3% of the global market share in 2022.
Increased occurrence of specific disorders, such as neurodegenerative diseases and brain tumors, most of which are malignant, is driving the market growth in North America.
Growing demand for MRI-guided laser ablation for brain tumors, rising use of MRI-guided laser interstitial thermal therapy (LITT), and the presence of well-established healthcare facilities are projected to drive the market growth in the region.
Growing awareness regarding minimally invasive surgery is expected to fuel demand for MRI guided neurosurgical ablation and related equipment in the market.
Principal Consultant
Presence of significant important players and their investments in this industry is expected to boost MRI guided neurosurgical ablation system demand growth in the U.S.
Advanced technologies, strong healthcare infrastructure, rising occurrence of central nervous system cancer, and presence of highly qualified and experienced neurosurgeons are all contributing to the expansion of the MRI guided neurosurgical ablation device market in the country.
Enhanced outpatient facilities coupled with affordability are contributing to the market growth in the U.S.
MRI guided neurosurgical ablation equipment demand in China is projected to expand at a significant growth rate over the forecast period because of the strong presence of a large patient base, rising health care expenditures, and increase in medical tourism.
Distribution of a significant amount of healthcare spending for hospitals and dispensing medicines to the aged population is projected to fuel the market growth in the country.
Amongst product types, MRI-guided neurosurgical ablation accessories contributed the largest market share in the global market due to rise in number of neurosurgery. Demand for accessories is projected to rise 1.9X by 2028.
In comparison to devices, accessories are used more frequently. Surgical accessories include curettes for sensitive and accurate neurosurgery, rongeurs for opening a window in the skull bone in neurosurgery, and dissectors for minimally invasive discectomy.
Because of the rise in operations and cancer patients, the industry has seen increased acceptance, usage, and demand for accessories. Surgeons can scan, diagnose, prevent, and restore the CNS in a human body with the help of accessories.
Advantages such as greater precision, functionality, and maneuverability make these accessories desirable. These benefits make it easier for patients to be safe during surgical operations. These advantages combined will provide significant growth potential for the accessories segment.
Hospitals are expected to dominate the global MRI guided neurosurgical ablation market as a large number of patients visit hospitals for the treatment of brain cancer.
Growing number of instances of cancer in the central nervous system necessitates prompt treatment, which hospitals are well equipped to provide. Increasing healthcare investments have enabled these hospitals to have all of the technology they require, as well as sophisticated healthcare infrastructure.
Hospitals are more cost-effective, and their highly trained staff, which includes neurosurgeons, senior consultants, and other certified and experienced support staff, can execute surgery faster.
All of these considerations encourage the general public to seek treatment in hospitals, which drives demand for MRI-guided neurosurgical ablation systems.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
COVID-19 is an unprecedented global public health crisis that has impacted practically every business, and its long-term repercussions are expected to have an influence on ablation devices market growth over the forecast period. The pace of disruption posed substantial challenges to societies and economies all around the world.
Top companies are resuming operations and adapting to the new normal, which had previously resulted in restrictive containment measures such as social distancing, remote working, and the closure of commercial activities, all of which created operational challenges.
Most businesses interacted with doctors and patients in unique ways, and some of this may continue in the new environment. Participants in the industry are working hard to provide technologically upgraded products to maintain market stability.
Key companies are focusing on collaborating directly with hospitals to promote their MRI-guided neurosurgical ablation systems. Maintaining and expanding international presence is an important long-term growth strategy of the leading manufacturers of MRI-guided neurosurgical ablation systems.
In addition, manufacturers of MRI-guided neurosurgical ablation accessories are investing in emerging markets to strengthen their sales and service capabilities and gain maximum market share.
For instance,
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2028 |
| Historical Data Available for | 2013 to 2021 |
| Market Analysis | Value in US$ Million, Volume in Units |
| Key Regions Covered |
|
| Key Countries Covered |
|
| Key Market Segments Covered |
|
| Key Companies Profiled |
|
| Pricing | Available upon Request |
MRI Guided Neurosurgical Ablation Market by Product Type:
MRI Guided Neurosurgical Ablation Market by End User:
MRI Guided Neurosurgical Ablation Market by Region
The MRI guided neurosurgical ablation market is anticipated to experience a CAGR of 5%, culminating in a market valuation of US$ 216.3 million by 2028.
Key countries in the global MRI guided neurosurgical ablation market include the United States and China, with the United States leading the market.
MRI guided neurosurgical ablation accessories lead the market due to rising neurosurgery rates, with projected 1.9-fold growth by 2028.
Regulatory approvals from agencies like the FDA and EMA are essential for market entry.
The market is witnessing intensified competition as both established medical device firms and startups vie for market share through innovative solutions.
Opportunities involve new ablation tech, expansion into emerging markets, and telemedicine integration for remote guidance.
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
2.3. Exclusion and Inclusion
3. Global Economic Outlook
3.1. Gross Domestic Product by Region & Country, 2006 - 2021
3.2. Global Healthcare Market Indicators
4. Market Dynamics
4.1. Macro-Economic Factors
4.2. Opportunity Analysis
4.3. Drivers
4.3.1. Supply Side Drivers
4.3.2. Demand Side Drivers
4.4. Restraints
4.5. Trends
5. Key Inclusion
5.1. Pricing Analysis
5.2. Key Regulation
5.3. Reimbursement Scenario
5.4. Install Base Analysis
6. North America MRI Guided Neurosurgical Ablation Market Analysis 2013-2021 and Forecast 2022-2028
6.1. Introduction
6.2. Historical Market Size (US$ Mn) Analysis By Country, 2013-2021
6.2.1. S.
6.2.2. Canada
6.3. Market Size (US$ Mn) Forecast By Country, 2022-2028
6.4. Historical Market Size (US$ Mn) and Volume ('000 Units) Trend Analysis By Product Type, 2013-2021
6.4.1. MRI Guided Laser Therapy Systems
6.4.2. MRI Guided RF Ablation Systems
6.4.3. MRI Guided Focused Ultrasound Systems
6.4.4. Accessories
6.4.4.1. Probes
6.4.4.2. Electrodes
6.4.5. Market Size (US$ Mn) and Volume ('000 Units)Forecast By Product Type, 2022-2028
6.4.6. Historical Market Size (US$ Mn) Trend Analysis By End User, 2013-2021
6.4.6.1. Hospitals
6.4.6.2. Ambulatory Surgical Centers
6.4.6.3. Research Laboratories
6.4.7. Market Size (US$ Mn) Forecast By End User, 2022-2028
6.4.8. Market Attractiveness Analysis
6.4.8.1. By Country
6.4.8.2. By Product Type
6.4.8.3. By End User
6.4.9. Drivers and Restraints: Impact Analysis
6.4.10. Key Market Participants - Intensity Mapping
7. Latin America MRI Guided Neurosurgical Ablation Market Analysis 2013-2021 and Forecast 2022-2028
7.1. Introduction
7.2. Regional Market Trends
7.3. Historical Market Size (US$ Mn) Analysis By Country, 2013-2021
7.3.1. Brazil
7.3.2. Mexico
7.3.3. Argentina
7.3.4. Rest of Latin America
7.4. Market Size (US$ Mn) Forecast By Country, 2022-2028
7.5. Historical Market Size (US$ Mn) and Volume ('000 Units) Trend Analysis By Product Type, 2013-2021
7.5.1. MRI Guided Laser Therapy Systems
7.5.2. MRI Guided RF Ablation Systems
7.5.3. MRI Guided Focused Ultrasound Systems
7.5.4. Accessories
7.5.4.1. Probes
7.5.4.2. Electrodes
7.6. Market Size (US$ Mn) and Volume ('000 Units)Forecast By Product Type, 2022-2028
7.7. Historical Market Size (US$ Mn) Trend Analysis By End User, 2013-2021
7.7.1. Hospitals
7.7.2. Ambulatory Surgical Centers
7.7.3. Research Laboratories
7.8. Drivers and Restraints: Impact Analysis
7.9. Key Market Participants - Intensity Mapping
8. Western Europe MRI Guided Neurosurgical Ablation Market Analysis 2013-2021 and Forecast 2022-2028
8.1. Introduction
8.2. Historical Market Size (US$ Mn) Analysis By Country, 2013-2021
8.2.1. Germany
8.2.2. U.K
8.2.3. France
8.2.4. Italy
8.2.5. Spain
8.2.6. Rest of Western Europe
8.3. Market Size (US$ Mn) Forecast By Country, 2022-2028
8.4. Historical Market Size (US$ Mn) and Volume ('000 Units) Trend Analysis By Product Type, 2013-2021
8.4.1. MRI Guided Laser Therapy Systems
8.4.2. MRI Guided RF Ablation Systems
8.4.3. MRI Guided Focused Ultrasound Systems
8.4.4. Accessories
8.4.4.1. Probes
8.4.4.2. Electrodes
8.5. Market Size (US$ Mn) and Volume ('000 Units)Forecast By Product Type, 2022-2028
8.6. Historical Market Size (US$ Mn) Trend Analysis By End User, 2013-2021
8.6.1. Hospitals
8.6.2. Ambulatory Surgical Centers
8.6.3. Research Laboratories
8.7. Market Size (US$ Mn) Forecast By End User, 2022-2028
8.8. Market Attractiveness Analysis
8.8.1. By Country
8.8.2. By Product Type
8.8.3. By End User
8.9. Drivers and Restraints: Impact Analysis
8.10. Key Market Participants - Intensity Mapping
9. Eastern Europe MRI Guided Neurosurgical Ablation Market Analysis 2013-2021 and Forecast 2022-2028
9.1. Introduction
9.2. Historical Market Size (US$ Mn) Analysis By Country, 2013-2021
9.2.1. Russia
9.2.2. Poland
9.2.3. Rest of Eastern Europe
9.3. Market Size (US$ Mn) Forecast By Country, 2022-2028
9.4. Historical Market Size (US$ Mn) and Volume ('000 Units) Trend Analysis By Product Type, 2013-2021
9.4.1. MRI Guided Laser Therapy Systems
9.4.2. MRI Guided RF Ablation Systems
9.4.3. MRI Guided Focused Ultrasound Systems
9.4.4. Accessories
9.4.4.1. Probes
9.4.4.2. Electrodes
9.5. Market Size (US$ Mn) and Volume ('000 Units)Forecast By Product Type, 2022-2028
9.6. Historical Market Size (US$ Mn) Trend Analysis By End User, 2013-2021
9.6.1. Hospitals
9.6.2. Ambulatory Surgical Centers
9.6.3. Research Laboratories
9.7. Market Size (US$ Mn) Forecast By End User, 2022-2028
9.8. Market Attractiveness Analysis
9.8.1. By Country
9.8.2. By Product Type
9.8.3. By End User
9.9. Drivers and Restraints: Impact Analysis
9.10. Key Market Participants - Intensity Mapping
10. Asia Pacific Excluding China & Japan MRI Guided Neurosurgical Ablation Market Analysis 2013-2021 and Forecast 2022-2028
10.1. Introduction
10.2. Historical Market Size (US$ Mn) Analysis By Country, 2013-2021
10.2.1. India
10.2.2. Australia and New Zealand
10.2.3. ASEAN
10.2.4. Rest of APECJ
10.3. Market Size (US$ Mn) Forecast By Country, 2022-2028
10.4. Historical Market Size (US$ Mn) and Volume ('000 Units) Trend Analysis By Product Type, 2013-2021
10.4.1. MRI Guided Laser Therapy Systems
10.4.2. MRI Guided RF Ablation Systems
10.4.3. MRI Guided Focused Ultrasound Systems
10.4.4. Accessories
10.4.4.1. Probes
10.4.4.2. Electrodes
10.5. Market Size (US$ Mn) and Volume ('000 Units)Forecast By Product Type, 2022-2028
10.6. Historical Market Size (US$ Mn) Trend Analysis By End User, 2013-2021
10.6.1. Hospitals
10.6.2. Ambulatory Surgical Centers
10.6.3. Research Laboratories
10.7. Market Size (US$ Mn) Forecast By End User, 2022-2028
10.8. Market Attractiveness Analysis
10.8.1. By Country
10.8.2. By Product Type
10.8.3. By End User
10.9. Drivers and Restraints: Impact Analysis
10.10. Key Market Participants - Intensity Mapping
11. China MRI Guided Neurosurgical Ablation Market Analysis 2013-2021 and Forecast 2022-2028
11.1. Introduction
11.2. Historical Market Size (US$ Mn) and Volume ('000 Units) Trend Analysis By Product Type, 2013-2021
11.2.1. MRI Guided Laser Therapy Systems
11.2.2. MRI Guided RF Ablation Systems
11.2.3. MRI Guided Focused Ultrasound Systems
11.2.4. Accessories
11.2.4.1. Probes
11.2.4.2. Electrodes
11.3. Market Size (US$ Mn) and Volume ('000 Units)Forecast By Product Type, 2022-2028
11.4. Historical Market Size (US$ Mn) Trend Analysis By End User, 2013-2021
11.4.1. Hospitals
11.4.2. Ambulatory Surgical Centers
11.4.3. Research Laboratories
11.5. Drivers and Restraints: Impact Analysis
11.6. Key Market Participants - Intensity Mapping
12. Japan MRI Guided Neurosurgical Ablation Market Analysis 2013-2021 and Forecast 2022-2028
12.1. Introduction
12.2. Historical Market Size (US$ Mn) and Volume ('000 Units) Trend Analysis By Product Type, 2013-2021
12.2.1. MRI Guided Laser Therapy Systems
12.2.2. MRI Guided RF Ablation Systems
12.2.3. MRI Guided Focused Ultrasound Systems
12.2.4. Accessories
12.2.4.1. Probes
12.2.4.2. Electrodes
12.3. Market Size (US$ Mn) and Volume ('000 Units)Forecast By Product Type, 2022-2028
12.4. Historical Market Size (US$ Mn) Trend Analysis By End User, 2013-2021
12.4.1. Hospitals
12.4.2. Ambulatory Surgical Centers
12.4.3. Research Laboratories
12.5. Market Size (US$ Mn) Forecast By End User, 2022-2028
12.6. Market Attractiveness Analysis
12.6.1. By Product Type
12.6.2. By End User
12.7. Drivers and Restraints: Impact Analysis
12.8. Key Market Participants - Intensity Mapping
13. Middle East and Africa MRI Guided Neurosurgical Ablation Market Analysis 2013-2021 and Forecast 2022-2028
13.1. Introduction
13.2. Historical Market Size (US$ Mn) Analysis By Country, 2013-2021
13.2.1. GCC Countries
13.2.2. South Africa
13.2.3. Rest of Middle East and Africa
13.3. Market Size (US$ Mn) Forecast By Country, 2022-2028
13.4. Historical Market Size (US$ Mn) and Volume ('000 Units) Trend Analysis By Product Type, 2013-2021
13.4.1. MRI Guided Laser Therapy Systems
13.4.2. MRI Guided RF Ablation Systems
13.4.3. MRI Guided Focused Ultrasound Systems
13.4.4. Accessories
13.4.4.1. Probes
13.4.4.2. Electrodes
13.5. Market Size (US$ Mn) and Volume ('000 Units)Forecast By Product Type, 2022-2028
13.6. Historical Market Size (US$ Mn) Trend Analysis By End User, 2013-2021
13.6.1. Hospitals
13.6.2. Ambulatory Surgical Centers
13.6.3. Research Laboratories
13.7. Market Size (US$ Mn) Forecast By End User, 2022-2028
13.8. Market Attractiveness Analysis
13.8.1. By Country
13.8.2. By Product Type
13.8.3. By End User
13.9. Drivers and Restraints: Impact Analysis
13.10. Key Market Participants - Intensity Mapping
14. Forecast Factors: Relevance and Impact
15. Forecast Assumptions
16. Market Structure Analysis
16.1. Market Structure by Tier
16.2. Market Share Analysis (2021) for Top Players, By Region
16.3. Product Intensity Mapping by Manufacturer
17. Competition Analysis
17.1. Competition Dashboard
17.2. Competitors Deep Dive
17.2.1. Medtronic plc
17.2.2. Boston Scientific Inc.
17.2.3. Insightec Ltd.
17.2.4. Monteris Medical Inc.
17.2.5. Angiodynamics Inc.
17.2.6. MRI Interventions
18. Global MRI Guided Neurosurgical Ablation Market Analysis 2013-2021 and Forecast 2022-2028 By Region
18.1. Introduction / Key Findings
18.2. Historical Market Size (US$ Mn) and Volume ('000 Units) Analysis By Region
18.2.1. North America
18.2.2. Latin America
18.2.3. Western Europe
18.2.4. Eastern Europe
18.2.5. Asia Pacific Excluding Japan And China
18.2.6. China
18.2.7. Japan
18.2.8. Middle East and Africa
18.3. Market Size (US$ Mn) Forecast By Region
18.4. Market Attractiveness Analysis By Region
19. Global MRI Guided Neurosurgical Ablation Market Analysis 2013-2021 and Forecast 2022-2028, By Product Type
19.1. Introduction/Key Finding
19.2. Historical Market Size (US$ Mn) and Volume ('000 Units) Analysis By Product Type, 2013-2021
19.2.1. MRI Guided Laser Therapy Systems
19.2.2. MRI Guided RF Ablation Systems
19.2.3. MRI Guided Focused Ultrasound Systems
19.2.4. Accessories
19.2.4.1. Probes
19.2.4.2. Electrodes
19.3. Market Size (US$ Mn) and Volume ('000 Units) Forecast By Product Type, 2022-2028
19.4. Market Attractiveness Analysis By Product Type
20. Global MRI Guided Neurosurgical Ablation Market Analysis 2013-2021 and Forecast 2022-2028, By End User
20.1. Introduction/Key Finding
20.2. Historical Market Size (US$ Mn) Analysis By End User, 2013-2021
20.2.1. Hospitals
20.2.2. Ambulatory Surgical Centers
20.2.3. Research Laboratories
20.3. Market Size (US$ Mn) Forecast By End User, 2022-2028
20.4. Market Attractiveness Analysis By End User
21. Global MRI Guided Neurosurgical Ablation Market Analysis 2013-2021 and Forecast 2022-2028
21.1. Market Value Analysis (US$ Mn)
21.2. Absolute $ Opportunity
22. Assumptions and Acronyms Used
23. Research Methodology
Healthcare
January 2018
REP-GB-5967
October 2022
318 pages
Healthcare
July 2017
REP-GB-3525
September 2022
250 pages
Explore Healthcare Insights
View Reports
MRI Guided Neurosurgical Ablation Market
