Global neurosurgical products market to grow at 10.5% CAGR through 2023: 5 observations

Written by Megan Wood | February 09, 2018 | Print  |

The global neurosurgical products market is anticipated to grow at a 10.5 percent compound annual growth rate through 2023, according to Wise Guy Reports.

Here are five observations:

 

1. The neurostimulation devices segment is leading the market, due to the increasing supportive clinical data of the devices' safety and effectiveness.

 

2. Growing popularity of minimally invasive surgeries and increasing availability of neurosurgical devices will drive this market.

 

3. The Americas are dominating the global market, with Europe following second.

 

4. The Asia-Pacific market will grow to $2.4 billion by 2023, reflecting a 13 percent CAGR.

 

5. Key market players include Boston Scientific, DePuy Synthes, Integra LifeSciences, Medtronic and Stryker.

 

More articles on devices:
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Robots, R&D top focus for Smith & Nephew's knee business in 2018: 6 key quotes from CEO Oliver Bohoun
Stryker, Medicrea & more: 4 device company mergers, acquisitions and agreements

 

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