Intracerebral Hemorrhage Surgical Devices Market size was over USD 1.71 billion in 2023 and is anticipated to reach USD 3.97 billion by 2036, witnessing around 6.7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of intracerebral hemorrhage surgical devices is estimated at USD 1.8 billion. The growth of the market can be attributed to the increasing incidences of spontaneous intracerebral hemorrhage, which is a deadly condition with high mortality and disability rate. It is caused by bleeding inside the brain parenchyma, and it is twice as common as intracerebral hemorrhage. Spontaneous intracerebral hemorrhage is responsible for over 15% of all types of strokes annually. Surgery is the only treatment for this condition, which is estimated to drive the growth of the market.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
6.7% |
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Base Year Market Size (2023) |
USD 1.71 billion |
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Forecast Year Market Size (2036) |
USD 3.97 billion |
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Regional Scope |
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The global intracerebral hemorrhage surgical devices market is segmented by surgery type into open craniotomy, decompressive craniectomy, neuro endoscopy, and others, out of which, the open craniotomy segment is anticipated to hold the notable share in the market during the forecast period as it is the most studied and performed surgery. Although open craniotomy has a lot of exposure to brain cells, benefits, such as, rapid recovery time and less tissue scarring, make it the most common surgery for intracerebral hemorrhage.
Our in-depth analysis of the global market includes the following segments
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By Surgery Type
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By End-User |
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North America Market Statistics
Regionally, the global intracerebral hemorrhage surgical devices market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America is poised to dominate majority revenue share by 2036, on the back of rising healthcare expenditure and investment in R&D activities, along with the presence of major market players in the region. Moreover, adoption of advanced health technology in the countries, such as, U.S. and Canada are estimated to further boost the market growth.
APAC Market Statistics
The intracerebral hemorrhage surgical devices market in the Asia Pacific region is estimated to witness highest CAGR over the forecast period owing to increasing geriatric population, advancing healthcare system, and rising individual disposable income is developing economies. According to the data by the World Bank, the population above 65 years of age in India crossed 90,719,952 in 2020, while, it crossed 167,808,567 in China. This is estimated to boost the market growth.
February, 2020: Baxter International, Inc. launched new adhesive sealant ‘Peri-Strips Dry’ for reliable staple line reinforcement for post-surgical procedures.
Author Credits: Radhika Pawar
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