Global MRI Guided Neurosurgical Ablation Market, by Product (MRI-guided Radiofrequency Ablation Systems, MRI-guided Laser Ablation Systems, MRI-guided Focused Ultrasound Systems, and Accessories), by End-use (Hospitals, Clinics, and Ambulatory Surgical Centres) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.
As per the report, the growing prevalence of brain cancers is the prime reason propelling the market growth of MRI guided neurosurgical ablation market globally. For instance, the study revealed by the National Institutes of Health stated that 23,820 new brain cancer cases are expected to be diagnosed in the U.S. by the end of 2019. In addition, the increasing expenses for better healthcare services, adoption and implementation of technologically advanced equipment in this sector, and the efforts made by healthcare professionals and experts to provide a better quality of treatment to patients are also affecting the market growth in a positive direction. Mounting consciousness about the minimally invasive surgeries is another important factor that elevates the demand for the MRI guided neurosurgical ablation. However, the lack of skilled and expert professionals in this field is the major restraining factor that is expected to hamper the market growth during the forecast years.
Furthermore, Meridian Market Consultants (MMC) Study identifies that more than 120 types of brain and central nervous system tumors are responsible to affect the lives of people across the globe. For instance, the International Agency for Research on Cancer stated that around 260,000 new cases of brain cancer are registered every year globally. Thus, to save these lives it is necessary to first identify the root cause, which can be done with these advanced MRI systems; thereby, resulting in boosting the market growth of the global MRI guided neurosurgical ablation market. Moreover, the rising count of neurosurgery coupled with the expanding insignificantly intrusive neurosurgeries also plays a crucial role in fuelling the market growth.
MMC Study identifies some of the key participating players in MRI guided neurosurgical ablation market globally are AngioDynamics, Inc., Boston Scientific Corporation, Insightec Ltd., Medtronic plc., Monteris Medical, Inc., and MRI Interventions, Inc.
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