Innovation and Technological Advancements Positively Impacting Revenue Growth of Neurosurgery Surgical Power Tools
Technological advancements and innovations have resulted in major changes in the healthcare industry as well as have influenced all the branches of neurosurgery in the recent years. ELAN 4, a next generation device combined with pneumatic and electric power systems used for neuro and spine surgeries, has been recognized with the iF DESIGN AWARD 2016 Category Medicine.
Moreover, DePuy Synthes has recently launched power tools with high-speed electric system. Product launches and advancements are factors expected to positively impact the growth of the neurosurgery surgical power tools market.
Minimally Invasive Procedures Leading to Shorter Hospital Stay Drive Demand for Neurosurgery Surgical Power Tools
Minimally invasive surgeries are performed without making major incision reducing hospital stays, trauma, recovery time and post-surgical complications. Shorter hospital stay reduces out of pocket expenses fuelling demand for minimally invasive neurosurgery devices as well as minimally invasive surgical procedures.
Minimal invasive techniques in neurosurgery fuel demand for advanced Neurosurgery Surgical Power Tools. In this regard, doctors prefer specialized Neurosurgery Surgical Power Tools, such as Midas Rex, to minimize the disruption of blood vessels, brain tissues and nerves.
Lack of Experienced Healthcare Professionals Could Soften Neurosurgery Surgical Power Tools Demand
According to a most recent survey by the U.S. government, currently there is one neurosurgeon per 61,000 U.S. population. This ratio is inadequate to meet the current healthcare needs.
Although there are around 5,700 hospitals in the U.S., less than 3,700 neurosurgeons are available throughout the country. Additionally, the group of working neurosurgeons is also aging, where half of those practicing are aged 55 years and above.
Also, if it pertains and the pace of medical education remains consistent, soon there will be a shortage of neurosurgeons, which is expected to negatively impact the growth of the neurosurgery surgical power tools market.
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Risks Associated with the Neurosurgeries Tend to Restrict Service Uptake
Neurosurgery is one of the debatable topic due to the anatomical complications of the brain and the spatial limitations inherent in neurosurgical procedures. According to several studies by hospitals, approximately 1.7% of patients died during the neurosurgery, and many patients suffered from several complications post-neurosurgery.
The University of Rochester stated that the most common risks during the neurosurgery are infection (2%), venous thromoembolism (3%), and seizures (3%). Thus, the risks associated with neurosurgery is a major factor expected to deter the growth of the neurosurgery surgical power tools market.
The competition section of the report features profiles of key players operating in the neurosurgery surgical power tools market based on their market shares, product offerings, differential strategies, company dashboard and marketing approach.
Some of the key players featured in the neurosurgery surgical power tools market report are Stryker Corporation, ADEOR MEDICAL AG, AYGUN CO., INC, B. Braun Melsungen AG, De Soutter Medical, Johnson & Johnson Services, Inc., ACRA-CUT Inc., KARL STORZ SE & Co. KG, and Medtronic plc., among others.
The key manufacturers of neurosurgery surgical power tools focusing on new marketing strategies to expand their product penetration and geographical footprint in the global neurosurgery surgical power tools market.
Request Information on Neurosurgery Surgical Power Tools Market Competitive Landscape
The pneumatic and electric neurosurgical drills are the devices used by surgeons to treat the brain and skull injuries. Electric drills generally work on power, and the pneumatic drill system is a surgical instrument system powered hydraulically.
However, the electric-operated power sources are less expensive as compared to pneumatic neurosurgery surgical power tools. These neurosurgery surgical power tools devices are used as drilling tools to cut or drill bits on the skull, and for removing both hard and soft tissues and bones during open and minimally invasive spine procedures.
About the Report
The company conducted a research study on neurosurgery surgical power tools market for the forecast period 2018 to 2028.
The neurosurgery surgical power tools market report offers a comprehensive evaluation of the business opportunities prevailing in the neurosurgery surgical power tools market along with insights on the neurosurgery surgical power tools market consumer adoption process, pricing impact analysis, competition blueprint, iceberg analysis, and list of distributors for neurosurgery surgical power tools market.
The report explains the macroeconomic factors which are influencing the dynamics of neurosurgery surgical power tools market and its futuristic potential.
Additional Questions Answered
Some of the additional questions addressed in this report on neurosurgery surgical power tools Market-
- What is the revenue potential of neurosurgery surgical power tools market across regions of North America and Europe?
- Who are the key competitors in neurosurgery surgical power tools market and what are their portfolios in neurosurgery surgical power tools market?
- What are major challenges influencing the growth of neurosurgery surgical power tools market?
For answers of all the possible questions required for gauging performance of Neurosurgery Surgical Power Tools Market, get in touch with our expert analyst.
The neurosurgery surgical power tools report offers a comprehensive taxonomy of neurosurgery surgical power tools market based on product type, end user and region.
- The neurosurgery surgical power tools are used for various procedures such as skull-based surgeries, craniotomies, etc.
- The major end users of neurosurgery surgical power tools market are hospitals and neurosurgical centers. Based on product type, the global neurosurgery surgical power tools market is segmented into pneumatic neurosurgical drills and electrical neurosurgical drills.
- The neurosurgery surgical power tools market has been analyzed across regions of North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA).