MR Imaging in Neurosurgery Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027
Segmented By Type (Conventional MR Imaging Devices v/s Robotic-Assisted MR Imaging Devices), By Product (Systems, Instruments & Accessories), By End User (Hospitals & Clinics, Ambulatory Surgical Center, Others), By company and By Region
The global MR imaging in neurosurgery market is anticipated to observe impressive growth during the forecast period, 2023-2027. The major factors include the growing prevalence of neurological conditions, raising awareness, and extensive development in technology are propelling the growth of the market. MR imaging has become the main imaging modality in the evaluation of brain cancers. Neurosurgeons count on MRI technology to achieve accurate pictures of the brain that help them in removing as well as treating brain tumors and other conditions such as epilepsy. The other factors supporting the market’s growth are, rise in R&D activities, increasing favorable government funding, rising preference for minimally invasive surgeries, the rising healthcare expenditure in developed and developing economies, rise in the aging population base, growing demand for intraoperative imaging, a growing number of mergers and strategic acquisitions, and rise in technological advancements in the field of robotics and medical imaging. Rising Prevalence of Neurological Conditions and Rising awareness
The growing occurrences of neurological conditions such as traumatic brain injury, transnasal hemorrhage, intracerebral hemorrhage (ICH), depression, and Parkinson's is bolstering the growth of the market. According to the Journal of neurosurgery, approximately 22.6 million patients suffer from neurological disorders or injuries that need a neurosurgeon, of whom 13.8 million require surgery every year. Furthermore, various initiatives are taken by governments of respective nations and private organizations to make people aware of the early diagnosis and treatment of brain disorders. For instance, a campaign was launched by the National Brain Tumor Society, “It’s Your Fight, It’s Our Fight,” with an objective to educate and engage people through various activities that can help to spread awareness related to brain tumors.
Rising Preference for Minimally Invasive Surgeries
Over the past few years, the rising adoption of minimally invasive neurosurgeries has been augmenting the growth of the market. Nowadays, people's preference toward minimally invasive surgeries is rising as it aims to minimize damage to human tissues and have a quick recovery rate with less discomfort, which impels the growth of the market. This technique reduces the risk of surgery and involves smaller incisions and smaller instruments as compared to conventional surgery.
Rising Technological Advancements
Rapid advancements in techniques such as AI in MRI, open MRI, visualization software, 7T, a high-resolution MRI, and others are propelling the growth of the market. This is due to the rise in demand for quick and effective diagnostics. Also, the advancements in the field of robotics and medical imaging are bolstering the growth of the market. For instance, Insightec’s MR-guided Focused Ultrasound (MRgFUS) is utilized for the treatment of essential tremor and tremor-dominant PD. It is an incision-less procedure that produces ultrasound beams, by which the targeted tissue from the brain is removed.
Market Segmentation
The global MR imaging in the neurosurgery market is segmented into type, product, end user, and company. Based on type, the market is divided into conventional MR imaging devices and robotic-assisted MR imaging devices. Based on product, the market is divided into systems, instruments, and accessories. Based on end users, the market is divided into hospitals & clinics, ambulatory surgical centers, and others. In terms of country, the United States is expected to be a lucrative market in the forecast period due to the rising number of neurological conditions in the country.
Market Players
Aspect Imaging Ltd., Brainlab AG, Canon Inc., AiM Medical Robotics, Esaote S.p.A, Deerfield Management Company, Fonar Corporation, Fujifilm Holdings Corporation, Hyperfine Inc., Koninklijke Philips N.V., Medtronic plc, Monteris Medical Corporation, Profound Medical Corp., Siemens Healthineers AG, and GE Healthcare are some of the leading companies operating in the market.
Report Scope:
In this report, global MR imaging in the neurosurgery market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
- MR Imaging in Neurosurgery Market, By Type:
- Conventional MR Imaging Devices
- Robotic-Assisted MR Imaging Devices
- MR Imaging in Neurosurgery Market, By Product:
- Systems
- Instruments & Accessories
- MR Imaging in Neurosurgery Market, By End User:
- Hospitals & Clinics
- Ambulatory Surgical Center
- Others
- MR Imaging in Neurosurgery Market, By Region:
- North America
- United States
- Canada
- Mexico
- Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Europe & CIS
- Germany
- France
- United Kingdom
- Spain
- Italy
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Turkey
- Egypt
Company Profiles: Detailed analysis of the major companies present in Global MR Imaging in Neurosurgery Market
Company Information
- Detailed analysis and profiling of additional market players (up to five).
- 1. Product Overview
- 2. Research Methodology
- 3. Executive Summary
- 4. Impact of COVID-19 on Global MR Imaging in Neurosurgery Market
- 5. Voice of Customer
- 6. Clinical Trial Analysis
- 7. Global MR Imaging in Neurosurgery Market Outlook
- 7.1. Market Size & Forecast
- 7.1.1. By Value
- 7.2. Market Share & Forecast
- 7.2.1. By Type (Conventional MR Imaging Devices v/s Robotic-Assisted MR Imaging Devices)
- 7.2.2. By Product (Systems, Instruments & Accessories)
- 7.2.3. By End User (Hospitals & Clinics, Ambulatory Surgical Center, Others)
- 7.2.4. By Company (2021)
- 7.2.5. By Region
- 7.3. Market Map
- 8. North America MR Imaging in Neurosurgery Market Outlook
- 8.1. Market Size & Forecast
- 8.1.1. By Value
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Product
- 8.2.3. By End User
- 8.2.4. By Country
- 8.3. North America: Country Analysis
- 8.3.1. United States MR Imaging in Neurosurgery Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.1.1. By Value
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Type
- 8.3.1.2.2. By Product
- 8.3.1.2.3. By End User
- 8.3.2. Canada MR Imaging in Neurosurgery Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.1.1. By Value
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Type
- 8.3.2.2.2. By Product
- 8.3.2.2.3. By End User
- 8.3.3. Mexico MR Imaging in Neurosurgery Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.1.1. By Value
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Type
- 8.3.3.2.2. By Product
- 8.3.3.2.3. By End User
- 9. Europe MR Imaging in Neurosurgery Market Outlook
- 9.1. Market Size & Forecast
- 9.1.1. By Value
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Product
- 9.2.3. By End User
- 9.2.4. By Country
- 9.3. Europe: Country Analysis
- 9.3.1. France MR Imaging in Neurosurgery Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.1.1. By Value
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Type
- 9.3.1.2.2. By Product
- 9.3.1.2.3. By End User
- 9.3.2. Germany MR Imaging in Neurosurgery Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.1.1. By Value
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Type
- 9.3.2.2.2. By Product
- 9.3.2.2.3. By End User
- 9.3.3. United Kingdom MR Imaging in Neurosurgery Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.1.1. By Value
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Type
- 9.3.3.2.2. By Product
- 9.3.3.2.3. By End User
- 9.3.4. Italy MR Imaging in Neurosurgery Market Outlook
- 9.3.4.1. Market Size & Forecast
- 9.3.4.1.1. By Value
- 9.3.4.2. Market Share & Forecast
- 9.3.4.2.1. By Type
- 9.3.4.2.2. By Product
- 9.3.4.2.3. By End User
- 9.3.5. Spain MR Imaging in Neurosurgery Market Outlook
- 9.3.5.1. Market Size & Forecast
- 9.3.5.1.1. By Value
- 9.3.5.2. Market Share & Forecast
- 9.3.5.2.1. By Type
- 9.3.5.2.2. By Product
- 9.3.5.2.3. By End User
- 10. Asia-Pacific MR Imaging in Neurosurgery Market Outlook
- 10.1. Market Size & Forecast
- 10.1.1. By Value
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Product
- 10.2.3. By End User
- 10.2.4. By Country
- 10.3. Asia-Pacific: Country Analysis
- 10.3.1. China MR Imaging in Neurosurgery Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.1.1. By Value
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Type
- 10.3.1.2.2. By Product
- 10.3.1.2.3. By End User
- 10.3.2. India MR Imaging in Neurosurgery Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.1.1. By Value
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Type
- 10.3.2.2.2. By Product
- 10.3.2.2.3. By End User
- 10.3.3. Japan MR Imaging in Neurosurgery Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.1.1. By Value
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Type
- 10.3.3.2.2. By Product
- 10.3.3.2.3. By End User
- 10.3.4. South Korea MR Imaging in Neurosurgery Market Outlook
- 10.3.4.1. Market Size & Forecast
- 10.3.4.1.1. By Value
- 10.3.4.2. Market Share & Forecast
- 10.3.4.2.1. By Type
- 10.3.4.2.2. By Product
- 10.3.4.2.3. By End User
- 10.3.5. Australia MR Imaging in Neurosurgery Market Outlook
- 10.3.5.1. Market Size & Forecast
- 10.3.5.1.1. By Value
- 10.3.5.2. Market Share & Forecast
- 10.3.5.2.1. By Type
- 10.3.5.2.2. By Product
- 10.3.5.2.3. By End User
- 11. South America MR Imaging in Neurosurgery Market Outlook
- 11.1. Market Size & Forecast
- 11.1.1. By Value
- 11.2. Market Share & Forecast
- 11.2.1. By Type
- 11.2.2. By Product
- 11.2.3. By End User
- 11.2.4. By Country
- 11.3. South America: Country Analysis
- 11.3.1. Brazil MR Imaging in Neurosurgery Market Outlook
- 11.3.1.1. Market Size & Forecast
- 11.3.1.1.1. By Value
- 11.3.1.2. Market Share & Forecast
- 11.3.1.2.1. By Type
- 11.3.1.2.2. By Product
- 11.3.1.2.3. By End User
- 11.3.2. Argentina MR Imaging in Neurosurgery Market Outlook
- 11.3.2.1. Market Size & Forecast
- 11.3.2.1.1. By Value
- 11.3.2.2. Market Share & Forecast
- 11.3.2.2.1. By Type
- 11.3.2.2.2. By Product
- 11.3.2.2.3. By End User
- 11.3.3. Colombia MR Imaging in Neurosurgery Market Outlook
- 11.3.3.1. Market Size & Forecast
- 11.3.3.1.1. By Value
- 11.3.3.2. Market Share & Forecast
- 11.3.3.2.1. By Type
- 11.3.3.2.2. By Product
- 11.3.3.2.3. By End User
- 12. Middle East and Africa MR Imaging in Neurosurgery Market Outlook
- 12.1. Market Size & Forecast
- 12.1.1. By Value
- 12.2. Market Share & Forecast
- 12.2.1. By Type
- 12.2.2. By Product
- 12.2.3. By End User
- 12.2.4. By Country
- 12.3. MEA: Country Analysis
- 12.3.1. South Africa MR Imaging in Neurosurgery Market Outlook
- 12.3.1.1. Market Size & Forecast
- 12.3.1.1.1. By Value
- 12.3.1.2. Market Share & Forecast
- 12.3.1.2.1. By Type
- 12.3.1.2.2. By Product
- 12.3.1.2.3. By End User
- 12.3.2. Saudi Arabia MR Imaging in Neurosurgery Market Outlook
- 12.3.2.1. Market Size & Forecast
- 12.3.2.1.1. By Value
- 12.3.2.2. Market Share & Forecast
- 12.3.2.2.1. By Type
- 12.3.2.2.2. By Product
- 12.3.2.2.3. By End User
- 12.3.3. UAE MR Imaging in Neurosurgery Market Outlook
- 12.3.3.1. Market Size & Forecast
- 12.3.3.1.1. By Value
- 12.3.3.2. Market Share & Forecast
- 12.3.3.2.1. By Type
- 12.3.3.2.2. By Product
- 12.3.3.2.3. By End User
- 12.3.4. Turkey MR Imaging in Neurosurgery Market Outlook
- 12.3.4.1. Market Size & Forecast
- 12.3.4.1.1. By Value
- 12.3.4.2. Market Share & Forecast
- 12.3.4.2.1. By Type
- 12.3.4.2.2. By Product
- 12.3.4.2.3. By End User
- 12.3.5. Egypt MR Imaging in Neurosurgery Market Outlook
- 12.3.5.1. Market Size & Forecast
- 12.3.5.1.1. By Value
- 12.3.5.2. Market Share & Forecast
- 12.3.5.2.1. By Type
- 12.3.5.2.2. By Product
- 12.3.5.2.3. By End User
- 13. Market Dynamics
- 13.1. Drivers
- 13.2. Challenges
- 14. Market Trends & Developments
- 15. Competitive Landscape (Inclusive SWOT Analysis)
- 15.1. Aspect Imaging Ltd.
- 15.2. Brainlab AG
- 15.3. Canon Inc.
- 15.4. AiM Medical Robotics
- 15.5. Esaote S.p.A
- 15.6. Deerfield Management Company
- 15.7. Fonar Corporation
- 15.8. Fujifilm Holdings Corporation
- 15.9. Hyperfine Inc.
- 15.10. Koninklijke Philips N.V.
- 15.11. Medtronic plc
- 15.12. Monteris Medical Corporation
- 15.13. Profound Medical Corp.
- 15.14. Siemens Healthineers AG
- 15.15. GE Healthcare
- 16. Strategic Recommendations
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