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.

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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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Sabyasachi Ghosh

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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.

Neurosurgery Surgical Power Tools Market

Competitive Landscape

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.

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Definition

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 2022 to 2032.

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.

Segmentation

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).

Frequently Asked Questions

How is the Neurosurgery Surgical Power Tools Market Growing?

The neurosurgery surgical power tools market is expected to grow at a CAGR of 4.5% through 2032.

What is the Major Restraint of the Neurosurgery Surgical Power Tools Market?

Anatomical complications of the brain and spatial limitations in neurosurgical procedures can curb the market growth.

What is the Future Scope of Growth for the Neurosurgery Surgical Power Tools Market?

The neurosurgery surgical power tools market is expected to surpass US$ 1.99 billion by 2032.

Which Region Holds the Highest Revenue Potential in the Neurosurgery Surgical Power Tools Market?

North America is the leading market of neurosurgery surgical power tools.

Table of Content
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 A definition of Neurosurgery Surgical Power Tools Market and related market taxonomy         2.1. Market Taxonomy         2.2. Market Definition 3. Neurosurgery Surgical Power Tools Market Opportunity Analysis  Tracking the market scenario, with key inferences drawn from historical data, current trends, and future prospects         3.1. Macro-Economic Factors         3.2. Opportunity Analysis 4. Market Background         4.1. Market Dynamics             4.1.1. Drivers             4.1.2. Restraints             4.1.3. Trends 5. Global Economic Outlook         5.1. Gross Domestic Product by Region & Country, 2016 – 2021 6. Key Inclusions         6.1. Pricing Analysis, By Region         6.2. Value chain Analysis         6.3. Regulations         6.4. Iceberg Analysis 7. North America Neurosurgery Surgical Power Tools Market  Analysis 2013–2017 and Forecast 2018–2028 Market forecast and analysis in the U.S. and Canada         7.1. Introduction         7.2. Historical Market Size (US$ Mn) Analysis By Country, 2013-2017             7.2.1. U.S.             7.2.2. Canada         7.3. Market Size (US$ Mn) Forecast By Country, 2018-2028         7.4. Historical Market Size (US$ Mn) Trend Analysis By Product Type, 2013-2017             7.4.1. Pneumatic Neurosurgical Drills             7.4.2. Electric Neurosurgical Drills         7.5. Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2018-2028         7.6. Historical Market Size (US$ Mn) Trend Analysis By End User, 2013-2017             7.6.1. Hospitals             7.6.2. Neurosurgical Centers          7.7. Market Size (US$ Mn) Forecast By End User, 2018-2028         7.8. Market Attractiveness Analysis             7.8.1. By Country             7.8.2. By Product Type             7.8.3. By End User         7.9. Drivers and Restraints: Impact Analysis         7.10. Key Market Participants – Intensity Mapping 8. Latin America Neurosurgery Surgical Power Tools Market  Analysis 2013–2017 and Forecast 2018–2028 Market forecast and analysis in Brazil, Mexico, and Rest of Latin America         8.1. Introduction         8.2. Historical Market Size (US$ Mn) Analysis By Country, 2013-2017             8.2.1. Brazil             8.2.2. Mexico             8.2.3. Rest of Latin America         8.3. Market Size (US$ Mn) Forecast By Country, 2018-2028         8.4. Historical Market Size (US$ Mn) Trend Analysis By Product Type, 2013-2017             8.4.1. Pneumatic Neurosurgical Drills             8.4.2. Electric Neurosurgical Drills         8.5. Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2018-2028         8.6. Historical Market Size (US$ Mn) Trend Analysis By End User, 2013-2017             8.6.1. Hospitals             8.6.2. Neurosurgical Centers          8.7. Market Size (US$ Mn) Forecast By End User, 2018-2028         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.  Europe Neurosurgery Surgical Power Tools Market  Analysis 2013–2017 and Forecast 2018–2028 Market forecast and analysis in Germany, France, Italy, Spain, U.K.,Russia and rest of  Europe         9.1. Introduction         9.2. Historical Market Size (US$ Mn) Analysis By Country, 2013-2017             9.2.1. Germany             9.2.2. U.K.             9.2.3. France             9.2.4. Italy             9.2.5. Spain             9.2.6. Russia             9.2.7. Rest of Europe         9.3. Market Size (US$ Mn) Forecast By Country, 2018-2028         9.4. Historical Market Size (US$ Mn) Trend Analysis By Product Type, 2013-2017             9.4.1. Pneumatic Neurosurgical Drills             9.4.2. Electric Neurosurgical Drills         9.5. Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2018-2028         9.6. Historical Market Size (US$ Mn) Trend Analysis By End User, 2013-2017             9.6.1. Hospitals             9.6.2. Neurosurgical Centers          9.7. Market Size (US$ Mn) Forecast By End User, 2018-2028         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 Neurosurgery Surgical Power Tools Market  Analysis 2013–2017 and Forecast 2018–2028 Market forecast and analysis in India, China, Japan, South Korea and Rest of Asia Pacific          10.1. Introduction         10.2. Historical Market Size (US$ Mn) Analysis By Country, 2013-2017             10.2.1. China             10.2.2. India             10.2.3. Japan             10.2.4. south Korea             10.2.5. Rest of APAC         10.3. Market Size (US$ Mn) Forecast By Country, 2018-2028         10.4. Historical Market Size (US$ Mn) Trend Analysis By Product Type, 2013-2017             10.4.1. Pneumatic Neurosurgical Drills             10.4.2. Electric Neurosurgical Drills         10.5. Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2018-2028         10.6. Historical Market Size (US$ Mn) Trend Analysis By End User, 2013-2017             10.6.1. Hospitals             10.6.2. Neurosurgical Centers          10.7. Market Size (US$ Mn) Forecast By End User, 2018-2028         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. Middle East and Africa Neurosurgery Surgical Power Tools Market  Analysis 2013–2017 and Forecast 2018–2028 Market forecast and analysis in GCC Countries, South Africa and Rest of MEA         11.1. Introduction         11.2. Historical Market Size (US$ Mn) Analysis By Country, 2013-2017             11.2.1. GCC Countries             11.2.2. South Africa             11.2.3. Rest of Middle East and Africa         11.3. Market Size (US$ Mn) Forecast By Country, 2018-2028         11.4. Historical Market Size (US$ Mn) Trend Analysis By Product Type, 2013-2017             11.4.1. Pneumatic Neurosurgical Drills             11.4.2. Electric Neurosurgical Drills         11.5. Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2018-2028         11.6. Historical Market Size (US$ Mn) Trend Analysis By End User, 2013-2017             11.6.1. Hospitals             11.6.2. Neurosurgical Centers          11.7. Market Size (US$ Mn) Forecast By End User, 2018-2028         11.8. Market Attractiveness Analysis             11.8.1. By Country             11.8.2. By Product Type             11.8.3. By End User         11.9. Drivers and Restraints: Impact Analysis         11.10. Key Market Participants – Intensity Mapping 12. Forecast Factors: Relevance and Impact 13. Forecast Assumptions 14. Market Structure Analysis         14.1. Market Structure by Tier         14.2. Market Share Analysis (2017)         14.3. Product Intensity Mapping by Key Manufacturer 15. Competition Analysis Profile of some of the key market players, with specific focus on business and Services strategy         15.1. Competition Dashboard         15.2. Competitors Deep Dive             15.2.1. Stryker Corporation                    15.2.1.1. Overview                 15.2.1.2. Product  and Application Portfolio                 15.2.1.3. Analyst Commentary                 15.2.1.4. Key Developments by Target Product Category                     15.2.1.4.1. Marketing Strategy                     15.2.1.4.2. Product Strategy                     15.2.1.4.3. Channel Strategy             15.2.2. ADEOR MEDICAL AG.             15.2.3. AYGUN CO., INC             15.2.4. B. Braun Melsungen AG             15.2.5. De Soutter Medical             15.2.6. Johnson & Johnson Services, Inc.              15.2.7. ACRA-CUT Inc.             15.2.8. KARL STORZ SE & Co. KG             15.2.9. Medtronic plc 16. Global Neurosurgery Surgical Power Tools Market  Analysis 2013–2017 and Forecast 2018–2028 By Region         16.1. Introduction / Key Findings         16.2. Historical Market Size (US$ Mn) Analysis By Region             16.2.1. North America             16.2.2. Latin America             16.2.3.  Europe             16.2.4. Asia Pacific             16.2.5. Middle East and Africa         16.3. Market Size (US$ Mn) Forecast By Region         16.4. Market Attractiveness Analysis By Region 17. Global Neurosurgery Surgical Power Tools Market  Analysis 2013–2017 and Forecast 2018–2028, By Product Type Classification of Neurosurgery Surgical Power Tools Market  by Product Type, highlighting historical trends, current market value, and future projections on the basis of key segments         17.1. Introduction/Key Finding         17.2. Historical Market Size (US$ Mn) By Product Type, 2013-2017             17.2.1. Pneumatic Neurosurgical Drills             17.2.2. Electric Neurosurgical Drills         17.3. Market Size (US$ Mn) and Volume (Units) Forecast By Product Type, 2018-2028         17.4. Market Attractiveness Analysis By Product Type 18. Global Neurosurgery Surgical Power Tools Market  Analysis 2013–2017 and Forecast 2018–2028, By End User Classification of Neurosurgery Surgical Power Tools Market  by End User, highlighting historical trends, current market value, and future projections on the basis of key segments         18.1. Introduction/Key Finding         18.2. Historical Market Size (US$ Mn) Analysis By End User, 2013-2017             18.2.1. Hospitals             18.2.2. Neurosurgical Centers         18.3. Market Size (US$ Mn) Forecast By End User, 2018-2028         18.4. Market Attractiveness Analysis By End User 19. Global Neurosurgery Surgical Power Tools Market  Analysis 2013–2017 and Forecast 2018–2028         19.1. Market Value Share Analysis By All Segment         19.2. Y-o-Y Growth Analysis By All Segment         19.3. Absolute $ Opportunity 20. Assumptions and Acronyms Used A glossary of assumption and acronyms used in the report Research Methodology

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