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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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.
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 Impact13. Forecast Assumptions14. 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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List of Tables
Expenditure on Health, (% of GDP), by Country, 2016 - 2021
Expenditure on Health, (% of GDP), by Country, 2016 - 2021
North America Neurosurgery Surgical Power Tools Market Size Analysis (US$ Mn) Analysis 2013-2017 and Forecast 2018-2026, By Country
North America Neurosurgery Surgical Power Tools Market Size Analysis (US$ Mn) Analysis 2013-2017 and Forecast 2018-2028, By Product Type
North America Neurosurgery Surgical Power Tools Market Size Analysis (US$ Mn) Analysis 2013-2017 and Forecast 2018-2028, By Product Type
North America Neurosurgery Surgical Power Tools Market Size Analysis (US$ Mn) Analysis 2013-2017 and Forecast 2018-2026, By End Users
Latin America Neurosurgery Surgical Power Tools Market Size Analysis (US$ Mn) Analysis 2013-2017 and Forecast 2018-2026, By Country
Latin America Neurosurgery Surgical Power Tools Market Size Analysis (US$ Mn) Analysis 2013-2017 and Forecast 2018-2028, By Product Type
Latin America Neurosurgery Surgical Power Tools Market Size Analysis (US$ Mn) Analysis 2013-2017 and Forecast 2018-2028, By Product Type
Latin America Neurosurgery Surgical Power Tools Market Size Analysis (US$ Mn) Analysis 2013-2017 and Forecast 2018-2026, By End Users
Europe Neurosurgery Surgical Power Tools Market Size Analysis (US$ Mn) Analysis 2013-2017 and Forecast 2018-2026, By Country
Europe Neurosurgery Surgical Power Tools Market Size Analysis (US$ Mn) Analysis 2013-2017 and Forecast 2018-2028, By Product Type
Europe Neurosurgery Surgical Power Tools Market Size Analysis (US$ Mn) Analysis 2013-2017 and Forecast 2018-2028, By Product Type
Europe Neurosurgery Surgical Power Tools Market Size Analysis (US$ Mn) Analysis 2013-2017 and Forecast 2018-2026, By End Users
Asia Pacific Neurosurgery Surgical Power Tools Market Size Analysis (US$ Mn) Analysis 2013-2017 and Forecast 2018-2026, By Country
Asia Pacific Neurosurgery Surgical Power Tools Market Size Analysis (US$ Mn) Analysis 2013-2017 and Forecast 2018-2028, By Product Type
Asia Pacific Neurosurgery Surgical Power Tools Market Size Analysis (US$ Mn) Analysis 2013-2017 and Forecast 2018-2026, By End Users
MEA Neurosurgery Surgical Power Tools Market Size Analysis (US$ Mn) Analysis 2013-2017 and Forecast 2018-2026, By Country
MEA Neurosurgery Surgical Power Tools Market Size Analysis (US$ Mn) Analysis 2013-2017 and Forecast 2018-2028, By Product Type
MEA Neurosurgery Surgical Power Tools Market Size Analysis (US$ Mn) Analysis 2013-2017 and Forecast 2018-2028, By Product Type
MEA Neurosurgery Surgical Power Tools Market Size Analysis (US$ Mn) Analysis 2013-2017 and Forecast 2018-2026, By End Users
Neurosurgery Surgical Power Tools Market Value (US$ Mn) 2013–2017 and Forecast 2018-2026 By Region
Global Neurosurgery Surgical Power Tools Market Size Analysis (US$ Mn) Analysis 2013-2017 and Forecast 2018-2026, By Product type
Global Neurosurgery Surgical Power Tools Market Size Analysis (US$ Mn) Analysis 2013-2017 and Forecast 2018-2026, By Product type
Global Neurosurgery Surgical Power Tools Market Size Analysis (US$ Mn) Analysis 2013-2017 and Forecast 2018-2026, By End Users
