Data Bridge Market Research analyses that the neurosurgery surgical power tools market which was USD 1.27 billion in 2021, would rocket up to USD 1.75 billion by 2029, and is expected to undergo a CAGR of 4.10% during the forecast period 2022 to 2029.
Acquiring maximum return on investment (ROI) hinges on understanding brand awareness, market landscapes, potential future challenges, industry trends, and customer behavior. Every detail and insight within this Multiple Sclerosis report serves as a guide for businesses to make informed decisions and enhance their ROI. Employing a data triangulation method involving data mining, analysis of data variables’ impact on the market, and validation by industry experts, this report ensures robustness. Furthermore, market segmentation is a pivotal aspect of this Neurosurgery Surgical Power Tools Market report, categorizing the market based on applications, verticals, deployment models, end-users, and geography.
Utilizing cutting-edge tools and techniques, this Neurosurgery Surgical Power Tools Market report rigorously conducts research, analysis, and data gathering. It strategically profiles key market players, conducts systematic analyses of their core strengths, and presents a competitive landscape. In today's business landscape, there’s a dire need for precise, comprehensive, and detail-oriented market information to gain a clear understanding of market landscapes. The report serves as a reliable resource, empowering businesses to focus on the realities and nuances of the Multiple Sclerosis industry, thereby guiding them on the right path.
Neurosurgeries and minimally invasive neurosurgeries are performed using surgical power tools. These tools consist of drills, saws, reamers, among others. Aneurysms, stroke, Alzheimer's, Parkinson's, degenerative diseases, and spinal cord and brain injuries are just a few examples of the neurological problems that can be diagnosed and treated using neurosurgery.
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In recent years, the Neurosurgery Surgical Power Tools Market is anticipated to grow rapidly during the forecast period. Multiple sclerosis affects about 1 million people in the United States and 2.3 million people globally, according to the National Multiple Sclerosis Society. Each year, the number of people diagnosed with multiple sclerosis rises, necessitating the development of new medications that are more effective and have fewer side effects. Governments and non-government organizations in developed and developing countries are increasing their efforts to raise awareness of multiple sclerosis and giving significant funds for drug research and development.
Market Growth Drivers:
Drivers
Increase in neurological illnesses
The market is being supported by factors such as the widespread usage of devices in end-user markets such as hospitals and neurosurgical centres, their usefulness in operations such as craniotomies and skull-based surgeries, and the sharp increase in neurological illnesses among the ageing population.
Government initiatives
According to the administration for community living, geriatric population (65 years and above) in the U.S. stood at 46.2 million in 2014. Aging is associated with a large number of diseases and disorders. Majority of elderly people suffer from neurological disorders. Therefore, growth in aging population is likely to drive the global neurosurgery surgical power tools market during the forecast period 2022-2029.
The report emphasizes the participation of key entities, notably:
- Medtronic (Ireland)
- Braun Melsungen AG (Germany)
- Stryker (U.S.)
- Brainlab AG (Germany)
- Integra LifeSciences (U.S.)
- Scopis GmbH (Germany)
- Boston Scientific Corporation (U.S.)
- Elekta (Sweden)
Key Highlights in the Report
- Providing an extensive analysis of the Neurosurgery Surgical Power ToolsMarket for a holistic understanding.
- Presenting details about the leading industry players, their product ranges, and strategic approaches.
- Delving into the prominent regional landscapes where Multiple Sclerosis demonstrates significant growth.
- Exploring the latest trends and advancements within the industry.
- Identifying potential and specialized segments/regions poised for notable expansion.
Key Market Segmentation
Tool Type (Drill, Reamer, Saw, Others), Power Type (Pneumatic, Electric, Battery Powered), End-User (Neurosurgical Centers, Hospitals)
Target Audience:
- Businesses in the Multiple Sclerosis industry
- Investors and analysts interested in the Neurosurgery Surgical Power Tools Market
- Anyone who wants to learn more about the Neurosurgery Surgical Power Tools Market
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