As per a comprehensive study conducted by Future Market Insights (FMI), the global MRI guided neurosurgical ablation market witnessed substantial growth in 2021, with revenues totaling US$ 154 million. The market is poised for further expansion, projected to reach US$ 216.3 million by 2028, reflecting a compound annual growth rate (CAGR) of 5% during the forecast period of 2022 to 2028.
MRI guided neurosurgical ablation devices currently command a notable 13% market share within the global ablation devices market. Furthermore, demand for MRI-guided neurosurgical ablation accessories is anticipated to witness a steady increase, with a forecasted CAGR of 5.8% over the assessment period.
Get Sample Latest Reports: https://www.futuremarketinsights.com/reports/sample/rep-gb-2514
The market analysis provided by Future Market Insights offers a comparative overview of growth rates and development prospects in the global MRI guided neurosurgical ablation market. It highlights the significant influence of regulatory approvals and innovation factors, compounded by macro and industry-specific dynamics.
However, the market is not without challenges. Future Market Insights’ analysis reveals an anticipated drop of 71 Basis Point Share (BPS) in H1-2022 compared to H1-2021. Moreover, the outlook for H1-2022 suggests a further dip of 80 BPS compared to projected values, indicating a nuanced market landscape.
The advent of image-guided neurosurgery has revolutionized the management of intracranial diseases like tumors and vascular abnormalities. Yet, challenges persist, including the reliance on preoperatively acquired images, primarily MRI images, for both procedural planning and intraoperative execution.
While the market for MRI-guided neurosurgical ablation is on an upward trajectory, barriers such as high costs and a shortage of skilled professionals pose significant hurdles. Additionally, limited public awareness concerning brain tumor management emerges as a potential threat to market expansion, directly impacting the observed reduction in BPS value.
The future of MRI-guided neurosurgical ablation remains promising, driven by technological advancements and a growing demand for precise, minimally invasive interventions. Industry stakeholders must navigate challenges adeptly, leveraging innovation and strategic partnerships to unlock the market’s full potential.
Key Driving Factors: MRI-Guided Neurosurgical Ablation Market (2022-2028)
The MRI-guided neurosurgical ablation market is anticipated to experience significant growth by 2028, driven by several key factors:
- Rising Adoption of Minimally Invasive Neurosurgeries: Surgeons are increasingly opting for minimally invasive techniques due to their advantages over traditional open brain surgeries. MRI-guided ablation offers reduced surgical risks, less patient pain, and faster recovery times, driving its adoption rate.
- Growing Prevalence of Brain Cancer: The global incidence of brain tumors is on the rise, fueling the demand for effective treatment options. MRI-guided ablation offers a promising approach for managing various brain tumors, including the aggressive glioblastoma.
- Development of Healthcare Expenditure: Emerging economies are witnessing a rise in healthcare spending, which translates into increased investments in advanced medical technologies like MRI-guided ablation systems.
- Technological Advancements: Continuous advancements in neurosurgical ablation devices are enhancing their accuracy, efficiency, and ease of use. This fosters surgeon confidence and expands the applicability of MRI-guided ablation procedures.
- Demand for Accessories: The market for accessories used in MRI-guided ablation procedures is also expected to grow steadily. These accessories play a crucial role in ensuring successful ablation and require regular replacement.
Request Customization of Report: https://www.futuremarketinsights.com/customization-available/rep-gb-2514
Key Companies Profiled:
- Medtronic
- INSIGHTEC
- Boston Scientific Corporation
- Monteris Medical, Inc.
- MRI Interventions, Inc.
- AngioDynamics Inc.
- ClearPoint Neuro, Inc.
- Smith & Nephew plc
- St. Jude Medical, Inc.
Key Segments Covered in MRI Guided Neurosurgical Ablation Industry Research:
MRI Guided Neurosurgical Ablation Market by Product Type:
- MRI Guided Laser Therapy Systems
- MRI Guided RF Ablation Systems
- MRI Guided Focused Ultrasound Systems
- Accessories
- Probes
- Electrodes
MRI Guided Neurosurgical Ablation Market by End User:
- Hospitals
- Ambulatory Surgical Centers
- Research Laboratories
MRI Guided Neurosurgical Ablation Market by Region
- North America MRI Guided Neurosurgical Ablation Market
- Latin America MRI Guided Neurosurgical Ablation Market
- Europe MRI Guided Neurosurgical Ablation Market
- East Asia MRI Guided Neurosurgical Ablation Market
- South Asia & Pacific MRI Guided Neurosurgical Ablation Market
- Middle East & Africa (MEA) MRI Guided Neurosurgical Ablation Market
Request Purchase Now: https://www.futuremarketinsights.com/checkout/2514
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
