Global MRI-Guided Neurosurgical Ablation Market

MRI-Guided Neurosurgical Ablation Market Size, Share, Growth Analysis, By Product(MRI Guided RF Ablation Systems, MRI Guided Laser Ablation Systems, MRI Guided Focused Ultrasound Systems and Accessories), By End-use(Hospitals, Clinics and Ambulatory Surgical Centers), By Region - Industry Forecast 2025-2032


Report ID: SQMIG35H2181 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 62 | Figures: 76

MRI-Guided Neurosurgical Ablation Market Dynamics

Drivers

Rising Incidence of Neurological Disorders

  • The demand is mostly driven by the increased prevalence of neurological conditions. Numerous diseases impact the nervous system, which are characterized as neurological disorders. Some of these disorders have the potential to be fatal or extremely disabling. Innovative therapeutic methods like MRI-guided neurosurgical ablation are becoming more popular.

Minimally Invasive Neurosurgery

  • The market focuses on leveraging the precision and real-time imaging abilities of magnetic resonance imaging to enhance the accuracy and safety of slightly invasive neurosurgery procedures. This particular segment of the medical technology industry is driven by the increasing demand for less invasive methods to treat various neurological conditions, like brain tumors and epilepsy. Minimally invasive neurosurgery techniques, guided by MRI, offer shorter hospital stays, quicker recovery times, offer patients reduced pain while providing surgeons with the tools to precisely target and ablate abnormal brain tissue, ultimately improving patient consequences and reducing the risk of complications related to traditional surgical methods.

Restraints

Insurance and Reimbursement Challenges

  • Insurance and reimbursement challenges are the main restraints in the MRI-guided neurosurgical ablation market. While these advanced procedures offer advanced treatment opportunities for patients with neurological conditions, insurance coverage and reimbursement policies can vary widely, posing financial hurdles for patients seeking such treatments. Some insurance workers may not fully cover the cost of MRI-guided neurosurgical ablation, leaving patients to bear a significant portion of the expenses, potentially preventing them from pursuing these procedures. The lack of standardized reimbursement policies across regions and insurance plans adds difficulty to the financial aspects of retrieving these treatments, creating differences in patient access and hypothetically limiting the broader adoption of this technology. Addressing these challenges is crucial to ensure reasonable access to MRI-guided neurosurgical ablation and to endorse its integration into mainstream healthcare facilities.
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FAQs

MRI-Guided Neurosurgical Ablation Market size was valued at USD 566.92 million in 2021 and is poised to grow from USD 608.31 million in 2022 to USD 1068.86 million by 2030, growing at a CAGR of 7.3% in the forecast period (2023-2030).

The market competitive landscape for neurosurgical ablation guided by magnetic resonance imaging (MRI) offers information fragmented down by intranet. In-depth information is provided about the product launch, product width and breadth, application dominance, new market initiatives, company strengths, weaknesses, production facilities and sites, production capacities, R&D spending, finances, and Revenue. 'Medtronic', 'InSightec Ltd.', 'Elekta AB', 'Monteris Medical', 'Profound Medical', 'Boston Scientific Corporation', 'MR Solutions', 'MRI Interventions, Inc.', 'Varian Medical Systems', 'AngioDynamics', 'Abbott Laboratories', 'Hitachi Medical Systems', 'Siemens Healthineers', 'IMRIS, Deerfield Imaging', 'Accuray Incorporated', 'Perseon Corporation', 'Elekta AB', 'Isacord', 'Monteris Medical', 'Focal Therapeutics', 'Shamrad Electronics'

The demand is mostly driven by the increased prevalence of neurological conditions. Numerous diseases impact the nervous system, which are characterized as neurological disorders. Some of these disorders have the potential to be fatal or extremely disabling. Innovative therapeutic methods like MRI-guided neurosurgical ablation are becoming more popular.

Patient-centric care is an essential trend in the MRI-guided neurosurgical ablation market, emphasizing a personalized approach to treatment. This patient-centered model places the individual at the heart of decision-making, since their exclusive needs and preferences. In the context of MRI-guided ablation, patient-centric care interprets into adapting procedures to the specific condition and characteristics of each patient. This approach not only arranges minimally invasive, exact treatments but also encourages collective decision-making, safeguarding that patients are active participants in their healthcare journey. As a result, patient-centric care improves the overall experience, encourages positive outcomes, and aligns with the broader shift towards more adapted and responsive healthcare services in neurosurgery.

North America held a 34.6% market share. This is illuminated by the region's well-established healthcare facilities, the rising prevalence of brain tumors and malignancies, and the convenience of highly qualified neurosurgeons. The market for North America is primarily driven by the rising incidence of detailed disorders including brain tumors, most of which are malignant, and neurodegenerative diseases. Additionally, the market expansion in the area is being supported by the incidence of significant important players. Thus, the primary factors driving the market are the increasing number of minimally invasive neurosurgery procedures and the rising incidence of neurological diseases.

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Global MRI-Guided Neurosurgical Ablation Market

Report ID: SQMIG35H2181

$5,300
BUY NOW GET FREE SAMPLE