The global neurosurgery surgical power tools market size is anticipated to reach USD 1.44 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 3.6%. Increasing incidence of Traumatic Brain Injuries (TBI), Acquired Brain Injuries (ABI), other neurological disorders, and increasing adoption of minimally invasive neurosurgeries is anticipated to aid growth.
TBIs,
which occur due to sports injuries or in serious car accidents, form one of the
key factors expected impel growth. In the U.S., every year, around 2.6 million
people suffer from TBI or similar type of brain injury. According to American
Association of Neurosurgical Surgeons, in the U.S., around 1.7 million TBI
cases are diagnosed each year. In addition, according to National Stroke
Association, approximately 130,000 Americans die from stroke each year. In
addition, TBI is a major concern among the geriatric population, with an
increasing rate of death and hospitalization linked to it.
Technological
advancements such as the Medtronic Stealth Station S8, which is a brand new
tracking tool for neurosurgery systems, are driving the market. This system
includes 3D cameras and electromagnetic sensors that enable enhanced tracking.
It can easily connect to intrasurgical CT scanners and MRIs. Thus, growth can
be attributed to the technological advancements and increasing adoption of
minimally invasive procedures in neurosurgeries.
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Neurosurgery
Surgical Power Tools Market Report Highlights
- Pneumatics
dominated the power type segment in 2018. This can be attributed to
increasing number of patients suffering from head and skull surgeries
- Drills
dominated the tools type segment in 2018 with the highest share, owing to
increasing adoption of minimally invasive neurosurgeries, such as
craniotomy
- North America
dominated with the highest revenue share in 2018, owing to availability of
skilled neurosurgeons and technological advancements
- The key
players are introducing technologically enhanced products to gain
competitive advantage over others.
- In March
2017, Stryker launched its System 8 power tools series, which comprise sagittal
saws, reciprocating saws, sternum saws, and rotary drills
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Neurosurgery
Surgical Power Tools Market Segmentation
Grand View Research, Inc. has
segmented the global neurosurgery surgical power tools market on the basis of
tools type, power type, and region:
Neurosurgery
Surgical Power Tools, Tools Type Outlook (Revenue, USD Million, 2015 -
2026)
- Drill
- Saw
- Reamer
- Others
Neurosurgery
Surgical Power Tools Power Type Outlook (Revenue, USD Million, 2015 -
2026)
- Pneumatic
- Electric
- Battery-powered
Neurosurgery
Surgical Power Tools Regional Outlook (Revenue, USD Million, 2015 - 2026)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Asia Pacific
- Japan
- China
- India
- Australia
- Singapore
- South Korea
- Latin America
- Mexico
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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