Global MRI Guided Neurosurgical Ablation Market

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Global MRI Guided Neurosurgical ablation market

The Global MRI Guided Neurosurgical ablation market was valued $xx Mn in 2020 and is expected to reach $xx Mn by 2027, at a CAGR of xx%.
Global MRI Guided Neurosurgical ablation market Introduction and Overview

MRI-guided laser ablation is a minimally invasive neurosurgical technique for a number of diseases, including brain tumours. The treatment uses lasers to target and destroy, or ablate, the tumour. The application of lasers in the brain started in 1965, when a pulsed ruby laser was used on the cranium of mice and guinea pigs, leading to immediate death.

The demand for non-invasive treatments across the globe is growing at faster pace. The advantages offered by minimally invasive surgeries such as minimum pain, high accuracy rate, low risk of complications and reduced scarring are driving the MRI Guided Neurosurgical ablation market demand.

The MRI-guided neurosurgical ablation system is more often used for the treatment of brain cancer, hence rising prevalence of brain cancer is expected to boost the growth of the market over the next decade. Additionally, according to National Institutes of Health (NIH), an estimated 23,820 new cases of brain cancer are projected to be detected in the year 2019 in the U.S.

The per capita healthcare expenditure is currently following an elevation in developing and developed economies, which has made it possible to implement standard quality patient care treatment options. The increasing awareness regarding minimal surgeries is expected to fuel the market growth for MRI-guided neurosurgical ablation.

In developed economies such as the US, Germany, UK and Australia, the market is growing at a high rate, owing to the factors such as enhanced emergency room services, advanced healthcare setups and skilled neurosurgeons. Along with this, favourable reimbursement policies are also expected to drive demand over the forecast period.

However, MRI-guided neurosurgical ablation system requires a skilled neurosurgeon to perform the surgery efficiently, and a shortage of neurosurgical workforce is a factor expected to restrain the growth of the MRI-guided neurosurgical ablation market.

The report contains detailed analysis of Strengths, Weakness and opportunities of the key players operating in the Global MRI-guided neurosurgical ablation market. It also provides information on current market trends, competitive ranking analysis, regional bifurcation, turnover forecasts, industry drivers and the key challenges.

The report has profiled six key players in the market from different regions. However, report has considered all market leaders, followers and new entrants with investors while analysing the market and estimation the size of the same. The growing healthcare infrastructure in each region is different and focus is given on availability of advanced technology and new techniques.
Global MRI Guided Neurosurgical ablation market Segment Analysis

By product, the MRI-guided ultrasound focused system segment is expected to grow at a significant rate as the use of the system eliminates the need of an incision, which is required during the surgical procedure.

Also, the MRI-guided laser therapy systems segment is projected to witness significant growth compared to the MRI-guided RF ablation systems segment, and to reach the market value of US$ xx Mn by 2027 with a CAGR of 4.0% over the forecast period. Accessories segment will have a dominating share in the global market and they are expected to register a significant revenue during the forecast timeframe.

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Scope of Global MRI Guided Neurosurgical ablation market: Inquire before buying

Growing adoption, usage, and requirements for accessories owing to the rise in surgeries and cancer patients have facilitated the market growth. Accessories enable surgeons to scan, diagnose, prevent, and rehabilitate the CNS in a human body. Further, these accessories are highly preferred due to the benefits like higher precision and functionality. These advantages facilitate the patient’s safety during surgical procedures. These benefits collectively will create lucrative opportunities for the accessories segment to grow.

By end-use, the hospital segment is expected to register a CAGR of xx% during the forecast period. Hospitals held a leading revenue share of xx% in the MRI-guided neurosurgical ablation market in 2020. Hospitals are more cost-effective and have highly trained staff comprising of neurosurgeons, senior consultants, and other qualified supporting staff which can perform surgeries more efficiently. All these factors are responsible for the general public to get treated in hospitals because of which the demand for MRI guided neurosurgical ablation comes mostly from it.
Global MRI Guided Neurosurgical ablation market Segmentation

The Global MRI Guided Neurosurgical ablation market is segmented based on-
Global MRI Guided Neurosurgical ablation market Product

• MRI Guided RF Ablation Systems
• MRI Guided Laser Ablation Systems
• MRI Guided Focused Ultrasound Systems
• Accessories
Global MRI Guided Neurosurgical ablation market End-Use

• Hospitals
• Clinics
• Ambulatory Surgical Centers

Global MRI Guided Neurosurgical ablation market

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Global MRI Guided Neurosurgical ablation market Regional Insights

North America accounted for the largest share of Global Nerve Repair and Regeneration Market in 2020

North America accounted for the largest share of xx% in 2020, reason being the rising prevalence of neural disorders. Investments by key players in this field has boosted the market growth. Factors such as technological advancements, robust healthcare infrastructure, growing prevalence of central nervous system cancer, and the presence of highly qualified and experienced neurosurgeons are driving the region’s growth.

Increasing cases of targeted diseases like brain tumours, neurodegenerative diseases, and malignant tumours are propelling the market growth. Owing to these factors and increased awareness, the MRI guided neurosurgical ablation market is growing.

Asia Pacific is also expected to witness significant growth during the forecast period due to the increasing geriatric population and rising health care expenditures. The allocation of a large amount of healthcare expenditure for hospitals and dispensing medicines to the elderly is expected drive the market demand.
Key Players Operating the Global MRI Guided Neurosurgical ablation market

• Medtronic plc
• INSIGHTEC Ltd
• Mointeris Medical, INC
• MRI Inventions
• Boston Scientific Corporation
• Angio Dynamics, INC

The report also helps in understanding Global MRI Guided Neurosurgical ablation market dynamics, structure by analysing the market segments and project Global MRI Guided Neurosurgical ablation market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global MRI Guided Neurosurgical ablation market make the report investor’s guide

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