Medical Market Research Reports released an analysis of the neurosurgery market through 2022.
Here are five things to know from the report:
1. North America has the largest market for neurosurgery. Europe has the second largest market.
2. The increasing number of patients with neurological disorders, technologically-advanced equipment, rise in research and development and increased awareness about brain-related diseases is driving market growth.
3. The improved healthcare infrastructures in North America and Europe are also driving growth.
4. The Asia neurosurgery market is expected to have the highest growth rate in the next few years due to research and development activities, increased government support and funding, growing awareness and developing healthcare infrastructure.
5. Growing economies in India, China and Japan will lead growth for the Asia neurosurgery market.
6. There are a few factors that will restrain growth in the region, including:
• High cost of equipment
• Stringent regulatory requirements
• Lack of reimbursement from insurance companies
7. There is an increasing adoption rate of neurostimulation devices to treat neurological disorders.
8. There are a growing number of collaborations and partnerships in the neurosurgery market.