Neurosurgery Devices Market: By Product (Neuromodulation Devices, and Neuroendoscopy Devices), By Application (Spinal Cord Stimulation, Deep Brain Stimulation, Neuroendoscopy, Parkinson's Disease, and Others), By End-user (Hospitals, Ambulatory Surgical Centers, and Others), and Geography  

Neurosurgery Devices Market Size was valued at USD 7.7 billion in 2022 and is poised to grow at a CAGR of 13.2% from 2023-2029. Neurointerventional devices, neurostimulation devices, neurosurgical navigation systems, neurosurgery surgical power tools, CSF management devices, and other neurosurgery devices make up the global market in terms of product. Neurostimulation devices are electrical stimulation devices that administer electrical stimulation to particular areas of the brain, central nervous system, and peripheral nervous system to treat a variety of neurological illnesses. Implantable neurostimulators and transcutaneous neurostimulators are two types of neurostimulation devices. During the forecast period, the neurostimulation devices segment is expected to account for a large proportion of the market. During the projected period, the segment is expected to grow due to increased demand for transcutaneous neurostimulators and the availability of technologically upgraded devices.

The use of neurointerventional devices for the treatment of various intracranial disorders is becoming more common. The global neurosurgical devices market can be classified into two types of end-users: hospitals and ambulatory surgery centres. In the diagnosis and treatment of neurological disorders of the spinal cord, peripheral nervous system and brain, neurosurgery instruments are primarily used. Neurodegenerative disorders such as Parkinson's disease, Alzheimer's disease, neuropathic pain, brain tumors are rapidly growing and are likely to boost demand for potential neurosurgery products. For example, after Alzheimer's disease, Parkinson's disease is the second most prevalent neurodegenerative disorder that affects 10 million people globally. Due to the decrease in dopamine production in the brain, it is a progressive neurological disorder which causes stiffness, slowness and tremors. Thus, the rapid rise in Parkinson's disease prevalence boosts the growing demand for neurosurgery devices.