The global neurosurgery market is expected to grow between 2015 and 2021, based on a Persistence Market Research report, according to medGadget.
Here are five observations:
1. North America dominates the neurosurgery market, because of a growing number of patients with neurological disorders and availability of advanced neurosurgery equipment.
2. Europe follows behind North America in terms of market share.
3. Asia will experience a significant growth rate during the time period, due to more research and development activities as well as an increase in government funding and support.
4. Expanding economies and demographics in India, China and Japan will position these countries as the Asia market leaders.
5. Strict regulatory requirements and the costliness of neurosurgery equipment will hinder global market growth, as well as unfavorable reimbursements.