Neurosurgery Software Market Overviews
Neurosurgery software is used for the treatment of various diseases, such as movement disorders, epilepsy, parkinson’s disease, chronic pain, and depression. This is also used in diagnosis of pain, elicit muscle contraction and chronic diseases such as diabetes and obesity. In neuromuscular diseases, these software deliver reports on voluntary movement and build muscles through neuro-facilitation. It is mostly used for pain reliving methods to patients who are suffering from chronic pain associated with post-surgical incisions, arthritis, and pains associated with back neck and fractures. The neuromodulation devices used with the software are called as neurostimulators or neurostimulation.
Neurostimulators help in the treatment of neurologic disorders that aid in the delivery of electrical stimulation to intended parts of the patient’s brain, peripheral nervous system and spinal cord. Neurostimulators can be used to treat inflammatory conditions associated with orthopedics, bronchitis, certain conditions of psoriasis. They utilizes energy waves of electrical stimulation for the diagnosis and is able to stimulate the intracellular activities in the body that results in fast healing of wounds. One of the application of these neuro software is to act as a preventive tool for completely immobilized patients in order to cure their injuries. However, growing demand for neurological disorder treatment methods among the patients is anticipated to foster the growth of neurosurgery software market during the forecast period (2019-2027).
Market Size and Forecast
The neurosurgery software market is anticipated to record a CAGR of around 9.36% over the forecast period. The market is segmented by applications into functional neurosurgery, endoscopic surgery & open skull surgery; by product types into preoperative planning software, recording software, visualization software, analysis software & others. Endoscopic surgery segment is projected to hold the largest market share owing to rising incidence and procedures of cerebrospinal spinal fluid (CSF) management surgery, spinal cord surgery and other endovascular surgeries.
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Growth Drivers
Increasing Number of Neurological Disorder
Rising cases of neurological disorder has become a major factor affecting the people’s health. Also, the increase cases have resulted in advancement in neurosurgery. The developed neurosurgery software helps in removing pain in small period of time from nerves of the human body. Moreover, the software has the ability to cure long term pain among patients. Rising demand for advanced medical equipment with latest technologies is expected to propel the growth of neurostimulation devices market around the world. According to the survey of World Health Organization (WHO), it has been found that around one billion people have been affected from neurological disorder ranging from epilepsy to Alzheimer disease, from stroke to headache.
Research & Development
Over the last few years, dynamic research & development in biomedical engineering has resulted in in the development of new medical devices and software. The software that are currently used in physical therapy treatments often replace traditional treatment methods. These software has advantages such as rare adverse effects, shorten treatment period and reduce therapy costs. Manufacturers are investing in more R&D for the development of advanced products and technologies such as cyber knife.
Growing Chronic Diseases
Chronic diseases such as diabetes and obesity has become a major challenge for medical industries. Besides medicine, various other treatment options are also available for curing chronic diseases permanently. The neurosurgery software has the capability to cure such diseases with its better performance than traditional methods. Increasing utilization of advanced medical services such as functional MR imaging is estimated to foster the market growth.
Restraints
Low Awareness
The medical field has introduced many advanced treatment options but these are not still in the reach of people. They are still dependent over the traditional treatment options. Additionally, these smart equipment will not only decrease down the cost of treatment but will provide them permanent solution for their diseases. Further, government is not able to make proper provisions so that these healthcare facilities could be provided to the citizens. Low awareness among people is among the key factors which is restraining the growth of neurosurgery software market across the globe.
Market Segmentation
Our-in depth analysis of the neurosurgery software market includes the following segments:
By Applications
- Functional Neurosurgery
- Endoscopic Surgery
- Open Skull Surgery
By Product Types
- Preoperative Planning Software
- Recording Software
- Visualization Software
- Analysis Software
- Others
By Region
On the basis of regional analysis, the neurosurgery software market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia Pacific market is anticipated to capture the largest market share in the neurosurgery software market owing to increasing neurological diseases such as epilepsy, migraine, Parkinson’s disease and incontinence. With emerging technologies in the market Asia Pacific region is expected to observe a substantial to reach USD 15404million by 2027.
The neurosurgery software market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Top Featured Companies Dominating the Market
- Micromar
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Renishaw
- EMS Biomedical
- Shimmer
- Brainlab
- Stryker
- Inomed Medizintechnik
- ELMIKO Medical Equipment
- Touch Surgery
- NORAXON
- Scopis
- Lode
- Nextech
- MEV
- Other Prominent Players
