ReportLinker recently released an analysis on the global market of neurosurgical products.
Here are five points:
1. North America has experienced a rise in aging population, more healthcare expenditure and a developed healthcare infrastructure.
2. Asia-Pacific is expected to see growth over the next five years, especially in China and India.
3. Developing countries will see growth due to a rising number of patients, increasing disposable income, rising geriatric population, increasing cases of brain tumors, growing healthcare expenditures and rising healthcare awareness.
4. Governments are also funding the creation of neurosurgical products.
5. Alternative treatments, strict regulatory requirements and lengthy approval time for products present obstacles to growth.