The global MRI-guided neurosurgical ablation market is poised for significant expansion, according to a recent report by Future Market Insights (FMI). In 2021, the market achieved remarkable success, with revenues reaching USD 154 million. This momentum is projected to continue, with the market expected to hit USD 216.3 million by 2028, representing a robust compound annual growth rate (CAGR) of 5% from 2022 to 2028.
MRI-guided neurosurgical ablation technology has revolutionized the field of neurosurgery, providing enhanced precision and significantly improving patient outcomes. This growth trajectory highlights the increasing adoption of MRI-guided techniques, spurred by advancements in imaging technology and the rising preference for minimally invasive procedures.
The steady rise in demand is attributed to ongoing innovations in MRI technology and the growing prevalence of neurological disorders that require precise, targeted ablation techniques. As the market continues to expand, key industry players are expected to focus on enhancing their product offerings by integrating cutting-edge technologies that meet the evolving needs of healthcare providers and patients.
Future Market Insights (FMI) anticipates the market will thrive in the coming years, driven by continuous research and development efforts and increased investments in healthcare infrastructure worldwide. The market’s expansion will likely pave the way for further advancements in MRI-guided neurosurgical ablation, offering new possibilities for improved surgical outcomes and better patient care.
This growth promises a future where innovation and technology continue to shape the landscape of neurosurgery, with MRI-guided ablation techniques at the forefront of patient-centered healthcare advancements.
Key Market Insights:
- Market Size & Growth: The global MRI-guided neurosurgical ablation market is forecasted to reach USD 216.3 million by 2028, growing steadily.
- Regional Leadership: The U.S. remains a leader in the market, driven by advanced technologies, robust healthcare infrastructure, and an increasing number of specialized neurosurgeons. Investments by major players and improved outpatient facilities are further advancing the U.S. market.
- Emerging Markets: China presents significant potential with its large patient base, rising healthcare expenditure, and growing medical tourism. The aging population and increased healthcare access are expected to boost market growth in China.
Dive Deep into the Market Trends: Access the Full MRI Guided Neurosurgical Ablation Market Report
Competitive Landscape:
Leading companies in the MRI guided neurosurgical ablation market are focusing on direct collaborations with hospitals and expanding their global presence as part of their long-term growth strategies. For instance, in March 2020, INSIGHTEC invested USD 150 million in developing an incisionless surgical device aimed at treating tremors in Parkinson’s disease patients resistant to medication.
Key Companies in the Market Include:
- Medtronic
- INSIGHTEC
- Boston Scientific Corporation
- Monteris Medical, Inc.
- MRI Interventions, Inc.
- AngioDynamics Inc.
- ClearPoint Neuro, Inc.
- Smith & Nephew plc
- St. Jude Medical, Inc.
Market Segmentation:
By Product Type:
- MRI Guided Laser Therapy Systems
- MRI Guided RF Ablation Systems
- MRI Guided Focused Ultrasound Systems
- Accessories (Probes, Electrodes)
By End User:
- Hospitals
- Ambulatory Surgical Centers
- Research Laboratories
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa (MEA)
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.
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