North America Neurosurgical Robotics Market Forecast to 2028

Report Code : BMIRE00027522 | Region : North America | Industry : Medical Device | Published Date : 21/Nov/2022
North America Neurosurgical Robotics Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Component [Equipment/System (Robot Machines, Navigation System, Planner & Simulators, and Others), Accessories, and Services], Application [Spinal (Laminectomy, Discectomy, Spinal Fusion, Disc Replacement, Foraminotomy, and Others) and Cranial (Craniotomy, Brain Biopsy, Thermal ablation of Seizure and Others)], Surgery Type (Minimally Invasive and Open Surgery), and End User (Hospitals, Specialty Clinics, and Others)

The neurosurgical robotics market in North America is expected to grow from US$ 797.59 million in 2022 to US$ 1,962.60 million by 2028. It is estimated to grow at a CAGR of 16.2% from 2022 to 2028.

Rise in Number of Neurosurgical Procedures

The growing prevalence of neurological disorders, including epilepsy, Parkinson’s disease, head injury, brain tumors, brain stroke, and hydrocephalus, raises the need for neurosurgeries. Also, several subspecialties of neurosurgery such as pediatric neurosurgery, functional neurosurgery, neurovascular surgery, traumatology, skull-base surgery, and spinal surgery are among the most technical and skilled areas of surgery.

As per the data published by Centers for Disease Control and Prevention (CDC), the US recorded ~223,135 traumatic brain injury (TBI)-related hospitalizations in 2019 and 64,362 TBI-related deaths in 2020. Also, as per an article published in 2022 in The Lancet entitled, every year a million new cases of TBI are reported in the region. TBI can be treated by neurosurgical procedures. Therefore, the rising cases of TBI due to several factors, including falls, sports injuries, road accidents, domestic violence, and military incidents, propel the demand for neurosurgical procedures.

According to World Health Organization (WHO) data published in June 2022, millions of people suffer from epilepsy, and it is one of the most common neurological diseases. Among all, nearly 80% of epilepsy patients are in low- and middle-income countries. The patients who poorly respond to drug treatment undergo surgery. Therefore, the growing incidence of epilepsy propels the need for neurosurgical procedures. Thus, increase in the number of neurosurgeries drives the growth of the North America neurosurgical robotics market.

Market Overview

The North America neurosurgical robotics market is segmented into the US, Canada, and Mexico. The US holds the largest share of the North American neurosurgical robotics market. The market in North America is expected to grow owing to the factors such as the wide availability of competitors, rising product approvals, rising prevalence of neurological disorders, coupled with an increasing number of neurosurgical procedures, and well-established healthcare infrastructure. The neurosurgical robotics market is further driven due to the surge in the adoption of neurosurgical robotics and increasing number of MIS procedures compared to conventional approaches, and players launching technologically advanced products in neurosurgery space.

The US is home to key market leaders in the medical device industry. Also, various international players have their manufacturing facilities across the country. These players are constantly involved in new product development, and thus, enabling the launch of various innovative products.

North America Neurosurgical Robotics Market Revenue and Forecast to 2028 (US$ Million)

North America Neurosurgical Robotics Market Segmentation

The North America neurosurgical robotics market is segmented into component, application, surgery type, end user, and country.

Based on component, the North America neurosurgical robotics market is segmented into equipment/system, accessories, and services. The equipment/system segment is further segmented into robot machines, navigation system, planner & simulators, and others. The accessories segment is anticipated to hold the largest share of the market in 2022. The North America neurosurgical robotics market, based on application, is segmented into spinal and cranial. Spinal application is further segmented into spinal fusion, laminectomy, disc replacement, discectomy, foraminotomy, and others. The cranial segment is also subsegmented into brain biopsy, thermal ablation of seizure, surgical treatment of movement disorders, and others. In 2022, the spinal segment is anticipated to hold the largest share of the market, by application.

The North America neurosurgical robotics market, based on surgery type, is segmented into open and minimally invasive. In 2022, the minimally invasive segment is anticipated to hold a larger share of the market.

Based on end user, the North America neurosurgical robotics market is segmented into hospitals, specialty centers, and others. In 2022, the hospitals segment is anticipated to hold the largest share of the market. Based on country, the market is segmented into the US, Canada, and Mexico. The US is anticipated to dominate the market in 2022. Accuray Incorporated; B. Braun Melsungen AG; Brainlab AG; Globus Medical, Inc.; Medtronic; NuVasive, Inc.; NuVasive, Inc; Renishaw plc; Synaptive Medical, Inc.; and Zimmer Biomet are among the leading companies operating in the neurosurgical robotics market in the region.

The List of Companies - North America Neurosurgical Robotics Market

● Accuray Incorporated

● B. Braun Melsungen AG

● Brainlab AG

● Globus Medical, Inc.

● Medtronic; NuVasive, Inc.

● NuVasive, Inc

● Renishaw plc

● Synaptive Medical, Inc.

● Zimmer Biomet

TABLE OF CONTENTS

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 North America Neurosurgical Robotics Market – By Component Type

1.3.2 North America Neurosurgical Robotics Market – By Application

1.3.3 North America Neurosurgical Robotics Market – By Surgery Type

1.3.4 North America Neurosurgical Robotics Market – By End-User Type

1.3.5 North America Neurosurgical Robotics Market – By Country

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Neurosurgical Robotics Market – Market Landscape

4.1 Overview

4.2 North America PEST Analysis

4.3 Experts Opinion

5. North America Neurosurgical Robotics Market– Key Market Dynamics

5.1.1 Rise in Number of Neurosurgical Procedures

5.1.2 Advantages of Neurosurgical Robots Encourage Key Players to Develop Innovative Products

5.2 Market Restraints

5.2.1 High Installation Costs of Neurosurgical Robots

5.3 Market Opportunities

5.3.1 Rising Number of Product Developments and Approvals

5.4 Future Trends

5.4.1 Rising Developments of Nanorobots for Neurosurgery

5.4.2 Nanorobots in neurosurgery is an emerging field.

5.5 Impact Analysis

6. Neurosurgical Robotics Market– North America Analysis

6.1 North America Neurosurgical Robotics Market Revenue Forecasts and Analysis

7. North America Neurosurgical Robotics Market Analysis – By Component Type

7.1 Overview

7.2 North America Neurosurgical Robotics Market, by Component Type, 2021 & 2028 (%)

7.3 Equipment/System

7.3.1 Overview

7.3.2 Equipment/System Market Revenue and Forecast to 2028 (US$ Million)

7.3.3 Robot Machines

7.3.3.1 Overview

7.3.3.2 Robot Machines Market Revenue and Forecast to 2028 (US$ Million)

7.3.4 Navigation System

7.3.4.1 Overview

7.3.4.2 Navigation System Market Revenue and Forecast to 2028 (US$ Million)

7.3.5 Planners and Simulators

7.3.5.1 Overview

7.3.5.2 Planners and Simulators Market Revenue and Forecast to 2028 (US$ Million)

7.3.6 Others

7.3.6.1 Overview

7.3.6.2 Others Market Revenue and Forecast to 2028 (US$ Million)

7.4 Accessories

7.4.1 Overview

7.4.2 Accessories Market Revenue and Forecast to 2028 (US$ Million)

7.5 Services

7.5.1 Overview

7.5.2 Services Market Revenue and Forecast to 2028 (US$ Million)

8. North America Neurosurgical Robotics Market Analysis – By Application

8.1 Overview

8.2 North America Neurosurgical Robotics Market, by Application Type, 2021 & 2028 (%)

8.3 Spinal

8.3.1 Overview

8.3.2 Spinal Market Revenue and Forecast to 2028 (US$ Million)

8.3.3 Laminectomy

8.3.3.1 Overview

8.3.3.2 Laminectomy Market Revenue and Forecast to 2028 (US$ Million)

8.3.4 Discectomy

8.3.4.1 Overview

8.3.4.2 Discectomy Market Revenue and Forecast to 2028 (US$ Million)

8.3.5 Spinal Fusion

8.3.5.1 Overview

8.3.5.2 Spinal Fusion Market Revenue and Forecast to 2028 (US$ Million)

8.3.6 Disc Replacement

8.3.6.1 Overview

8.3.6.2 Disc Replacement Market Revenue and Forecast to 2028 (US$ Million)

8.3.7 Foraminotomy

8.3.7.1 Overview

8.3.7.2 Foraminotomy Market Revenue and Forecast to 2028 (US$ Million)

8.3.8 Others

8.3.8.1 Overview

8.3.8.2 Others Market Revenue and Forecast to 2028 (US$ Million)

8.4 Cranial

8.4.1 Overview

8.4.2 Cranial Market Revenue and Forecast to 2028 (US$ Million)

8.4.3 Craniotomy

8.4.3.1 Overview

8.4.3.2 Craniotomy Market Revenue and Forecast to 2028 (US$ Million)

8.4.4 Brain Biopsy

8.4.4.1 Overview

8.4.4.2 Brain Biopsy Market Revenue and Forecast to 2028 (US$ Million)

8.4.5 Thermal Ablation of Seizure

8.4.5.1 Overview

8.4.5.2 Thermal Ablation of Seizure Market Revenue and Forecast to 2028 (US$ Million)

8.4.6 Others

8.4.6.1 Overview

8.4.6.2 Others Market Revenue and Forecast to 2028 (US$ Million)

9. North America Neurosurgical Robotics Market Analysis – By Surgery Type

9.1 Overview

9.2 North America Neurosurgical Robotics Market, by Surgery Type, 2021 & 2028 (%)

9.3 Minimally Invasive

9.3.1 Overview

9.3.2 Minimally Invasive Market Revenue and Forecast to 2028 (US$ Million)

9.4 Open Surgery

9.4.1 Overview

9.4.2 Open Surgery Market Revenue and Forecast to 2028 (US$ Million)

10. North America Neurosurgical Robotics Market Analysis – By End-Users

10.1 Overview

10.2 North America Neurosurgical Robotics Market, by End-Users, 2021 & 2028 (%)

10.3 Hospital

10.3.1 Overview

10.3.2 Hospital Market Revenue and Forecast to 2028 (US$ Million)

10.4 Specialty Clinics

10.4.1 Overview

10.4.2 Specialty Clinics Market Revenue and Forecast to 2028 (US$ Million)

10.5 Other Miscellaneous End-Users

10.5.1 Overview

10.5.2 Other Miscellaneous End-Users Market Revenue and Forecast to 2028 (US$ Million)

11. North America Neurosurgical Robotics Market – Geographic Analysis

11.1 North America: Neurosurgical Robotics Market

11.1.1 Overview

11.1.2 North America: Neurosurgical Robotics Market, by Country, 2021 & 2028 (%)

11.1.2.1 US: Neurosurgical Robotics Market – Revenue and Forecast to 2028 (US$ Million)

11.1.2.1.1 Overview

11.1.2.1.2 US: Neurosurgical Robotics Market – Revenue and Forecast to 2028 (US$ Million)

11.1.2.1.3 US: Neurosurgical Robotics Market, by Component type, 2019–2028 (US$ Million)

11.1.2.1.3.1 US: Neurosurgical Robotics Market, by Equipment/System type, 2019–2028 (US$ Million)

11.1.2.1.4 US: Neurosurgical Robotics Market, by Application, 2019–2028 (US$ Million)

11.1.2.1.4.1 US: Neurosurgical Robotics Market, by Spinal type, 2019–2028 (US$ Million)

11.1.2.1.4.2 US: Neurosurgical Robotics Market, by Cranial type, 2019–2028 (US$ Million)

11.1.2.1.5 US: Neurosurgical Robotics Market, by Surgery Type, 2019–2028 (US$ Million)

11.1.2.1.6 US: Neurosurgical Robotics Market, by End-Users, 2019–2028 (US$ Million)

11.1.2.2 Canada: Neurosurgical Robotics Market – Revenue and Forecast to 2028 (US$ Million)

11.1.2.2.1 Overview

11.1.2.2.2 Canada: Neurosurgical Robotics Market – Revenue and Forecast to 2028 (US$ Million)

11.1.2.2.3 Canada: Neurosurgical Robotics Market, by Component type, 2019–2028 (US$ Million)

11.1.2.2.3.1 Canada: Neurosurgical Robotics Market, by Equipment/System type, 2019–2028 (US$ Million)

11.1.2.2.4 Canada: Neurosurgical Robotics Market, by Application, 2019–2028 (US$ Million)

11.1.2.2.4.1 Canada: Neurosurgical Robotics Market, by Spinal type, 2019–2028 (US$ Million)

11.1.2.2.4.2 Canada: Neurosurgical Robotics Market, by Cranial type, 2019–2028 (US$ Million)

11.1.2.2.5 Canada: Neurosurgical Robotics Market, by Surgery Type, 2019–2028 (US$ Million)

11.1.2.2.6 Canada: Neurosurgical Robotics Market, by End-Users, 2019–2028 (US$ Million)

11.1.2.3 Mexico: Neurosurgical Robotics Market – Revenue and Forecast to 2028 (US$ Million)

11.1.2.3.1 Overview

11.1.2.3.2 Mexico: Neurosurgical Robotics Market – Revenue and Forecast to 2028 (US$ Million)

11.1.2.3.3 Mexico: Neurosurgical Robotics Market, by Component type, 2019–2028 (US$ Million)

11.1.2.3.3.1 Mexico: Neurosurgical Robotics Market, by Equipment/System type, 2019–2028 (US$ Million)

11.1.2.3.4 Mexico: Neurosurgical Robotics Market, by Application, 2019–2028 (US$ Million)

11.1.2.3.4.1 Mexico: Neurosurgical Robotics Market, by Spinal type, 2019–2028 (US$ Million)

11.1.2.3.4.2 Mexico: Neurosurgical Robotics Market, by Cranial type, 2019–2028 (US$ Million)

11.1.2.3.5 Mexico: Neurosurgical Robotics Market, by Surgery Type, 2019–2028 (US$ Million)

11.1.2.3.6 Mexico: Neurosurgical Robotics Market, by End-Users, 2019–2028 (US$ Million)

12. Neurosurgical Robotics Market–Industry Landscape

12.1 Overview

12.2 Growth Strategies in the Neurosurgical Robotics Market

12.3 Inorganic Growth Strategies

12.3.1 Overview

12.4 Organic Growth Strategies

12.4.1 Overview

13. Company Profiles

13.1 Brainlab AG

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 Medtronic

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 Renishaw plc

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 Zimmer Biomet

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 Globus Medical, Inc.

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 Synaptive Medical, Inc.

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 NuVasive, Inc.

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 Accuray Incorporated

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

13.9 B. Braun Melsungen AG

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Products and Services

13.9.4 Financial Overview

13.9.5 SWOT Analysis

13.9.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Glossary of Terms

LIST OF TABLES.

Table 1. US Neurosurgical Robotics Market, by Component type – Revenue and Forecast to 2028 (US$ Million)

Table 2. US Neurosurgical Robotics Market, by Equipment/System type – Revenue and Forecast to 2028 (US$ Million)

Table 3. US Neurosurgical Robotics Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 4. US Neurosurgical Robotics Market, by Spinal type – Revenue and Forecast to 2028 (US$ Million)

Table 5. US Neurosurgical Robotics Market, by Cranial type – Revenue and Forecast to 2028 (US$ Million)

Table 6. US Neurosurgical Robotics Market, by Surgery Type – Revenue and Forecast to 2028 (US$ Million)

Table 7. US Neurosurgical Robotics Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 8. Canada Neurosurgical Robotics Market, by Component type – Revenue and Forecast to 2028 (US$ Million)

Table 9. Canada Neurosurgical Robotics Market, by Equipment/System type – Revenue and Forecast to 2028 (US$ Million)

Table 10. Canada Neurosurgical Robotics Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 11. Canada Neurosurgical Robotics Market, by Spinal type – Revenue and Forecast to 2028 (US$ Million)

Table 12. Canada Neurosurgical Robotics Market, by Cranial type – Revenue and Forecast to 2028 (US$ Million)

Table 13. Canada Neurosurgical Robotics Market, by Surgery Type – Revenue and Forecast to 2028 (US$ Million)

Table 14. Canada Neurosurgical Robotics Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 15. Mexico Neurosurgical Robotics Market, by Component type – Revenue and Forecast to 2028 (US$ Million)

Table 16. Mexico Neurosurgical Robotics Market, by Equipment/System type – Revenue and Forecast to 2028 (US$ Million)

Table 17. Mexico Neurosurgical Robotics Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 18. US Neurosurgical Robotics Market, by Spinal type – Revenue and Forecast to 2028 (US$ Million)

Table 19. Mexico Neurosurgical Robotics Market, by Cranial type – Revenue and Forecast to 2028 (US$ Million)

Table 20. Mexico Neurosurgical Robotics Market, by Surgery Type – Revenue and Forecast to 2028 (US$ Million)

Table 21. Mexico Neurosurgical Robotics Market, by End-Users – Revenue and Forecast to 2028 (US$ Million)

Table 22. Recent Inorganic Growth Strategies in the Neurosurgical Robotics Market

Table 23. Recent Organic Growth Strategies in the Neurosurgical Robotics Market

Table 24. Glossary of Terms, North America Neurosurgical Robotics Market

The List of Companies - North America Neurosurgical Robotics Market

● Accuray Incorporated

● B. Braun Melsungen AG

● Brainlab AG

● Globus Medical, Inc.

● Medtronic; NuVasive, Inc.

● NuVasive, Inc

● Renishaw plc

● Synaptive Medical, Inc.

● Zimmer Biomet

Reason To Buy

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America neurosurgical robotics market

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the North America neurosurgical robotics market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth North America market trends and outlook coupled with the factors driving the neurosurgical robotics market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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