In 2023, the MRI-guided neurosurgical ablation market is expected to be worth US$ 598.99 million. According to this recent Fact.MR report, the global market is anticipated to grow at a CAGR of 8% and reach US$ 1.29 billion by 2033.
The minimally invasive neurosurgical technique known as MRI-guided laser ablation can be used to treat brain tumours. During the process, lasers are used to locate the tumour and destroy or ablate it. As contrast to traditional open surgery (craniotomy), MRI-guided ablation can reduce post-operative pain and expedite recovery.
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Market Titans
- AngioDynamics Inc
- Boston Scientific Corporation
- Insightec Ltd
- Medtronic PLC
- Monteris Medical Inc
- MRI Intervention Inc.
Key Takeaways from Market Study
- The global MRI-guided neurosurgical ablation devices market is expected to increase at a CAGR of 8% from 2023 to 2033.
- China’s market is predicted to expand at a CAGR of 11.5% during the projected period.
- Sales of RF ablation systems are expected to rise at a CAGR of 9% during the forecast period.
- Demand for laser ablation systems is predicted to expand at a CAGR of 7% during the next 10 years.
Recent Market Developments
- February 2022: The InterStim X from Medtronic plc, which offers sacral neuromodulation therapy, has been approved by the American Food and Drug Administration (FDA). With a 10-year battery life, the gadget will be more usable and require less upkeep for consumers.
- March 2022: Medtronic PLC collaborated with Vizient to launch a Touch Surgery Enterprise powered by AI. The surgeon’s performance is enhanced by this technology’s ease of analysis, documentation, and sharing of surgical film.
- Major market players are concentrating on working closely with hospitals in order to successfully commercialise their MRI-guided neurosurgical ablation devices. The top producers of MRI-guided neurosurgical ablation devices are maintaining and growing their global position through long-term business strategies.
- Equipment suppliers for MRI-guided neurosurgical ablation are also making investments in developing nations to boost their capacity for sales and customer support and to capture the highest market share.
Industry Research Segments
- By Product :
- RF Ablation Systems
- Laser Ablation Systems
- Focused Ultrasound Systems
- Accessories
- By End User :
- Hospitals
- Ambulatory Surgical Centers
- Clinics
- Research Laboratories
Regional Analysis
MRI-guided neurosurgical ablation has seen substantial expansion and adoption across numerous countries, according to a regional analysis. Due to variables like a high prevalence of neurological illnesses, a developed healthcare system, and a keen interest in technical breakthroughs, North America has emerged as a market leader. The region is home to a number of significant industrial players who have helped to create and popularise MRI-guided neurosurgical ablation technologies.
With nations like Germany, the UK, and France at the forefront of technological developments in neurosurgery, Europe also accounts for a sizeable portion of the global market. The expansion of the market in this area is facilitated by the presence of a well-regulated healthcare system, kind reimbursement policies, and a rising older population.
Asia Pacific is expected to witness significant growth in the MRI-guided neurosurgical ablation market due to factors such as increasing healthcare expenditure, a rising prevalence of neurological disorders, and improving healthcare infrastructure in countries like China, Japan, and India. The market in this region is also driven by the growing awareness about advanced treatment options and the availability of skilled neurosurgeons.
What makes Fact.MR report stand out from others?
Fact.MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
• Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the market, thus, making it different and special from other reports.
• Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
• Overcome: The report scrutinizes on points that can prove to be an achilles heel to the market and assists to create strategies to overcome the obstacles that may hinder the growth of the market.
• Leverage: The market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
• Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
• Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the market.
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