MRI Guided Neuro Ablation Devices Market Size, Analysis and Forecast to 2024
Posted by Yash Chauhan on March 1st, 2019
The global MRI guided neuro ablation devices market is predicted to grow at 5.3% CAGR during the forecast period with the market size reaching USD 175.6 million by 2024. The market has witnessed significant demand for MRI guided RF ablation system over the last few years due to mounting awareness of minimally invasive surgery.
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This segment is divided into an innumerable subdivision. However, following are the major dominant ones:
• MRI Guided RF Ablation System
• MRI Guided Focused Ultrasound Systems
• MRI Guided Laser Therapy System
• Accessories
On the basis of end user, the market is segmented into:
• Hospitals
• Ambulatory Surgical Centres
• Others
Factors that have been acting as the driving factors for the growth of this industry are:
i. The mounting number of neurosurgeries
ii. Technological advancement
iii. Growing geriatric population
iv. The mounting occurrence of cancer
v. The mounting government funding and initiatives
vi. Escalating awareness of minimally invasive surgery
North America is the largest MRI guided neuro ablation devices market as the region geriatric population is increasing and favorable reimbursements policies. In addition, the mounting occurrence of cancer, escalating healthcare expenditure, changing lifestyle, and escalating awareness of minimally invasive surgery are also fueling the growth of the North American MRI guided neuro ablation devices market.
Geographic Overview
• Asia Pacific — Japan, China, India, Australia, and Rest of Asia-Pacific
• North America — US, Canada, and Mexico
• Europe — UK, Germany, France, Italy, Spain, and Rest of Europe
• Rest of the World – Brazil, South Africa, Saudi Arabia, U.A.E., and Others
Competitive Insight
The Key players in global MRI guided neuro ablation devices industry are: Medtronic Plc, Insightec Ltd, Monteris Medical Inc, Boston Scientific Corporation, AngioDynamics Inc, and MRI Intervention Inc.
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