MRI-Guided Neurosurgical Ablation Market Worth Nearly $5.4 Bn by 2026

MRI-Guided Neurosurgical Ablation

A report by ARC estimated that the MRI-guided neurosurgical ablation market will surpass $5.4 billion by 2026, representing an average annual growth rate of 4.3 percent from 2019 to 2026. The report provides analysis of global MRI-guided Neurosurgical Ablation market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.

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An increased incidence of brain tumors and other diseases of the nervous system and an increased use of minimally invasive neurosurgeries are some of the variables that will increase development.

An increasing amount of brain tumor patients is one of the growth factors. Tumors of the brain can also spread to other brain sites (secondary or metastatic). There is a separate therapy, biology and prognosis for every form of disease. Similarly, brain cancer also has some threat variables owing to unusual cell development. The National Health Institutes (NIH) projected that 1,65,813 individuals in the United States lived with brain cancer in 2016 and, in 2019, that 17,760 individuals are predicted to die from brain cancer.

Advances in technology are also anticipated to support business development. For example, Medtronic has developed a laser ablation device guided by Visualase MRI that monitors tissues ablation in real time. The lowest laser catheter is 1.65 mm in diameter, resulting in a narrower incision that helps patients heal more quickly. It utilizes laser technology to kill smooth tissues unwanted. The amount of minimally invasive processes is therefore anticipated to increase to support development.

In 2018, North America dominated the industry with its highest business share. During its reign as a prediction, North America is anticipated to remain leading the industry as minimally invasive operations are increasing and cancer in the region is increasing. Moreover, APEJ nations, Japan and China are rapidly increasing areas for MRI-led neurosurgical ablation. Different main producers on the market invest heavily in these areas. In the worldwide MRI-led neurophragic ablation industry, slower development is anticipated in the Middle East, Africa and Latin America due to a shortage of medical practitioners and a absence of knowledge of MRI-guided neurosurgery across these areas.

Key Findings

  • In 2018, the section of accessories dominated the industry. This can be ascribed to the growing amount of brain tumor patients accompanied by benign tumors.
  • In 2018, the hospital segment dominated the market with the highest share of the malignant tumors and increase of the geriatric population in the central nervous system.
  • In 2018, North America dominated the neurosurgical ablation industry with the largest income margin due to a growing consciousness of minimally invasive neurosurgics and the accessibility of qualified neurosurgers.

Key Players & Strategies

INSIGHTEC Ltd., Medtronic plc, Monteris Medical, Inc. and MRI Interventions, Inc. are among the main competitors working on the market. The games will concentrate on the introduction of fresh Neurosurgical Ablation systems and equipment for IRM, technological progress and policies for development, such as fusions and purchases. For example, in May 2015, Monteris Medical announced a NeuroBlate system which uses MRI-guided surgical ablation technics for the treatment of brain disorders as a minimally invasive laser thermotherapy. These progresses are expected to boost development during the prediction era.

Innovation and collaboration are two main strategies accompanied by neurosurgical ablation led by MRI manufacturers. MRI Guided Neurosurgical Ablation’s leading company focuses on cooperation to encourage the use of MRI Guided Neurosurgical Ablation for brain tumor therapy. Some businesses work straight with clinics to support their MRI Guided Neurosurgical ablation scheme. On the other side, few competitors on the MRI Guided Neurosurgical Ablation industry emphasize cooperation with retailers in order to increase their global existence.

Market Segmentation

Market, by Product

  • Accessories
  • MRI-guided Laser Ablation Systems
  • MRI-guided Focused Ultrasound Systems
  • MRI-guided Radiofrequency Ablation Systems

Market, by End-use

  • Clinics
  • Ambulatory Surgical Centers
  • Hospitals

Market, by Geography

  • North America.
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa (MEA)

The market research study on “MRI-guided Neurosurgical Ablation Market Size, Share & Trends Analysis Report By Product, End Use, By Region – Global Industry Size, Share, Trends and Forecast 2019 – 2026” offers detailed insights on global MRI-guided Neurosurgical Ablation market segments with market dynamics and their impact. The report also covers basic technology development policies.

The study provides a extensive industry assessment. This is done through in-depth qualitative observations, historical information and verifiable business size estimates. The predictions in the study were obtained from well-established study methodologies and expectations. This study document acts as an assessment and data resource for every aspect of the industry including, but not restricted to, regional economies, technology, kinds and apps.

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About Acumen Research and Consulting:

Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

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