The global neurosurgery market will continue to grow, according to a Persistence Market Research report.
Here are five observations:
1. North America dominates the global neurosurgery market, followed by Europe. A growing number of patients with neurological disorders, increasing availability of technologically advanced equipment and rising awareness of brain-related diseases all contribute to these areas' dominance.
2. The Asia neurosurgery market is expected to grow rapidly, due to increasing government funding, rising awareness of neurological disorders and increasing healthcare infrastructure. India, China and Japan will lead this growth.
3. Costly equipment, regulatory requirements, and lack of reimbursements pose obstacles for growth.
4. Trends in the market include the growing use of neurostimulation devices to treat migraine, epilepsy, Parkinson's disease and chronic pain; increasing number of mergers and acquisitions; growing product launches; and rising number of partnerships.
5. Medtronic, Stryker, Integra LifeSciences and St. Jude Medical are among the companies profiled.