Description:
Statistics: As per 2019 statistics, North America held dominant position in the global neurosurgical products market in 2019, accounting for 41.6% share in terms of value, followed by Europe and Asia Pacific, and 5% by the middle east respectively.
Global Neurosurgical Products Market Restraints:
Availability of alternatives is expected to hinder growth of the market. The presence of alternative treatments such as drug therapies for the treatment of neurological disorders limits adoption of neurosurgical products.
Moreover, product recalls are also expected to limit growth of the market. For instance, in March 2020, Medtronic plc recalled pipeline flex embolization devices due to risk of device fracture.
Global Neurosurgical Products Market Opportunities:
Increasing demand for minimally invasive surgeries is expected to offer lucrative growth opportunities for players in the global neurological products market. Minimally invasive surgeries either require small incision or are completely noninvasive.
Minimally invasive surgeries, such as radiosurgery, can be completed in just a few sessions and involve very little patient recovery time. In addition, minimally invasive surgeries are relatively cost effective as compared to open surgeries.
Moreover, increasing awareness regarding hydrocephalus is also expected to aid in growth of the market. For instance, in September 2019, The WALKs kick off Hydrocephalus Awareness Month was observed in the U.S.
Market Trends/Key Takeaways: Major players in the market are also focused approval and launch of new products to expand their product portfolio. For instance, in April 2019, Insera Therapeutics, Inc. received CE Mark approval for its CLEAR Aspiration System, for the aspiration of blood clots, and is indicated for use in patients with acute ischemic stroke secondary to intracranial large vessel occlusive disease.

Segmentation
-Global Neurosurgical Products Market, By Product Type:
Shunts
Neurosurgical endoscopes
Stereo tactic radiosurgery systems
Embolization products
Aneurysm and AVM clips
Others
-Global Neurosurgical Products Market, By Condition:
Aneurysms
Pituitary and Intracranial tumors
Arteriovenous malformations
Hydrocephalus
Others

-Global Neurosurgical Products Market, By Surgery
- Global Neurosurgical Products Market, By Region
Some of the key players operating in the market are Integra LifeSciences Holdings Corporation, KARL STORZ GmbH & Co. KG, Medtronic plc, Johnson & Johnson Services, Inc., Stryker Corporation, Elekta AB, Terumo Corporation, Penumbra, Inc., B. Braun Melsungen AG, and Varian Medical Systems, Inc.
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