MRI-guided Neurosurgical Ablation Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2022-2030

Published Date : Jan 2021 | No. of Pages : 250 Pages | Category : Healthcare

The global MRI-guided Neurosurgical Ablation market size is expected to be worth around US$ 865.8 million by 2028, according to a new report by Vision Research Reports.

The global MRI-guided Neurosurgical Ablation market size was valued at US$ 493.10 million in 2020 and is anticipated to grow at a CAGR of 7.10% during forecast period 2021 to 2028.

Growth Factors

An increasing number of patients suffering from neurological diseases, including brain tumors, and rising awareness initiatives for brain disorders diagnosis and treatment are driving the market.

Rising prevalence of brain cancer is one of the major factors driving the market. There are over 120 types of brain and central nervous system cancers. According to the National Institute of Health (NIH) data, it is estimated that in 2020, 23,890 people will be diagnosed with new cases of brain and other nervous system cancer in the U.S. Therefore, increasing incidence of brain cancer has increased the demand for MRI-guided neurosurgical ablation, thus boosting the market growth.

Technological advancements associated with the treatment are stimulating the demand in the market. For instance, a Visualase MRI-guided laser ablation device developed by Medtronic has the smallest laser catheter of 1.65 mm that monitors tissue ablation in real-time. As a result, it helps patients recover faster with a small incision. This is anticipated to boost the market growth over the forecast period.

Report Highlights

Based on the product, the market for MRI-guided neurosurgical ablation is segmented into MRI-guided RF ablation systems, MRI-guided laser ablation systems, MRI-guided focused ultrasound systems, and accessories. The accessories segment dominated the market with a share of 31.6% in 2020 and is expected to witness the highest growth from 2020 to 2027.

As neurosurgeons routinely operate on the most delicate nervous system of the human body, they require certain accessories that can help in their surgical treatment. In order to ensure optical surgical outcomes, the surgeons need high-quality sets of accessories that can assist in the surgical procedure. This segment includes certain advantages, such as they meet the quality standard in terms of functionality, maneuverability, and precision to ensure patient’s safety during a surgical procedure, thus driving the demand for MRI-guided neurosurgical ablation devices during the forecast period.

On the basis of end-use, the market is segmented into hospitals, clinics, The hospital segment dominated the overall market with a share of 65.3% in 2020. As hospitals consist of an independent department of neurosurgery that includes the team of senior consultants with expertise and they are backed with the skilled support staff team, which makes them work efficiently. In hospitals, the department of neurosurgery is well equipped with technologically advanced products.

The ambulatory surgical center segment is expected to expand at the highest CAGR of 7.8% from 2020 to 2027 as ASCs are medical centers that provide same-day surgeries and patients do not require to stay overnight. They mainly perform procedures involving non-invasive surgical techniques as they have fewer complications. It includes less damage to the body as compared to open surgery. Most of the ASCs use MRI-guided neurosurgical ablation technology for brain tumors that allows surgeons to perform MRI-guided laser ablation surgery. This surgical treatment involves less invasive surgeries and in most of the cases, it has shorter recovery time as compared to the traditional method. Thus, this segment is expected to witness the fastest growth as it operates patients with fewer complications than that of hospitals.

North America dominated the market with a share of 34.10% in 2020. This is attributed to the presence of well-established healthcare facilities in the region, increasing prevalence of brain cancers as well as malignant tumors in the brain, and the availability of highly skilled neurosurgeons. The market for North America is majorly driven by the growing occurrence of targeted diseases, such as neurodegenerative diseases and brain tumors, mostly malignant ones. In addition, the presence of major key players, such as Medtronic, Boston Scientific Corporation, and Insightec Ltd., is contributing towards the market growth in the region. Thus, a growing number of minimally invasive neurosurgical procedures and increasing prevalence of neurology diseases are primarily driving the market.

Asia Pacific is expected to expand at the highest CAGR of 7.10% from 2020 to 2027 owing to factors such as the presence of a large patient base, increasing, rising healthcare expenditure by the government, and adoption of minimally invasive surgeries. In addition, countries in this region are expanding their intensive care units in hospitals as well as in other ambulatory surgical units for the treatment of neurosurgeries as there are a large number of people suffering from brain cancer, Alzheimer’s disease, and many other nervous system disorders. Thus, these factors are boosting the market growth in this region.

Key Players

  • Medtronic


  • Boston Scientific Corporation

  • Monteris Medical, Inc

  • MRI Interventions, Inc.

  • MRI Interventions, Inc.

Market Segmentation

  • Product Outlook 

    • MRI Guided RF Ablation Systems

    • MRI Guided Laser Ablation Systems

    • MRI Guided Focused Ultrasound Systems

    • Accessories

  • End-use Outlook 

    • Hospitals

    • Clinics

    • Ambulatory Surgical Centers

  • Regional Outlook

    • North America

      • The U.S.

      • Canada

    • Europe

      • Germany

      • The U.K.

      • France

      • Italy

      • Spain

    • Asia Pacific

      • Japan

      • China

      • India

      • Australia

      • South Korea

    • Latin America

      • Brazil

      • Mexico

      • Argentina

      • Colombia

    • Middle East & Africa (MEA)

      • South Africa

      • Saudi Arabia

      • UAE

The MRI-guided Neurosurgical Ablation market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of MRI-guided Neurosurgical Ablation market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global MRI-guided Neurosurgical Ablation market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the MRI-guided Neurosurgical Ablation market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted MRI-guided Neurosurgical Ablation market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the MRI-guided Neurosurgical Ablation capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of MRI-guided Neurosurgical Ablation by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global MRI-guided Neurosurgical Ablation market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major MRI-guided Neurosurgical Ablation market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of MRI-guided Neurosurgical Ablation market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the MRI-guided Neurosurgical Ablation industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The MRI-guided Neurosurgical Ablation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to MRI-guided Neurosurgical Ablation market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of MRI-guided Neurosurgical Ablation market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new MRI-guided Neurosurgical Ablation market. These factors have benefited the growth of the global market for MRI-guided Neurosurgical Ablation. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for MRI-guided Neurosurgical Ablation. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of MRI-guided Neurosurgical Ablation are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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