Global MRI Guided Neurosurgical Ablation Market Insights Forecasts to 2033

• The Global MRI Guided Neurosurgical Ablation Market Size was Valued at USD 183.5 Million in 2023
• The Market Size is Growing at a CAGR of 5.8% from 2023 to 2033
• The Worldwide MRI Guided Neurosurgical Ablation Market Size is Expected to Reach USD 322.5 Million by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The Global MRI Guided Neurosurgical Ablation Market Size is Anticipated to Exceed USD 322.5 Million by 2033, Growing at a CAGR of 5.8% from 2023 to 2033.

Market Overview

MRI guided neurosurgical ablation is an innovative and minimally invasive treatment for neurological disorders such as epilepsy, brain tumors, and other brain lesions. It is a safer alternative treatment option for patients who are not surgical candidates, or in whom other standard treatment options have failed. It involves the computer-assisted placement of a laser probe into the brain and the delivery of heat therapy. In brain tumor surgery, the functional image guidance with MRI allows for accurate, non-invasive preoperative assessment and planning with reduced risk of other healthy tissues of the brain. Real-time magnetic resonance imaging (MRI) has been developed in high resolution, to enhance the accuracy and safety of neurosurgery procedures. The use of real-time MRI guided neurosurgical systems allows surgeons to visualize the brain in real-time, display the ablation process for surgical guidance, and change course throughout the procedure as necessary. Further, the introduction of image-guided neurosurgery has significantly advanced the microsurgical management of intracranial diseases such as tumors and vascular abnormalities.

Report Coverage

This research report categorizes the market for the global MRI guided neurosurgical ablation market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global MRI guided neurosurgical ablation market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global MRI guided neurosurgical ablation market.

Driving Factors

The increasing awareness regarding minimally invasive surgery and the adoption of less invasive neurosurgery techniques are driving the market growth for MRI guided neurosurgical ablation. The growing technological advancements like the development of high-resolution, real-time magnetic resonance (MRI) for enhancing the accuracy and safety of neurosurgery procedures are significantly driving the market growth.  According to the American Cancer Society, almost 24,810 new instances of brain and other nervous system cancer in 2023, and 18,990 estimated deaths from these cases.  Thus, the rise in prevalence of nervous system-related diseases and brain tumors is anticipated to drive the market demand.  

Restraining Factors

The high cost and lack of skilled and trained professionals for instrument handling are restraining the global MRI guided neurosurgical ablation market. Further, a lack of public awareness regarding the management of brain tumors may hamper the market expansion.

Market Segmentation

The global MRI guided neurosurgical ablation market share is classified into product and end-use.

• The accessories segment is expected to hold the largest share of the global MRI guided neurosurgical ablation market during the forecast period.   

Based on the product, the global MRI guided neurosurgical ablation market is categorized into MRI guided laser therapy systems, MRI guided RF ablation systems, MRI guided focused ultrasound systems, and accessories. Among these, the accessories segment is expected to hold the largest share of the global MRI guided neurosurgical ablation market during the forecast period. The accessories segment further includes probes and electrodes. These are most frequently utilized by neurosurgeons in diagnosis and CNS repair surgeries. Accessories are used for the operating delicate nervous system thus quality sets are required. The rise in several neurosurgery procedures is escalating the market demand.

• The hospitals segment dominated the market with the largest market share during the forecast period.

Based on the end-use, the global MRI guided neurosurgical ablation market is categorized into hospitals, clinics, and ambulatory surgical centers. Among these, the hospitals segment dominated the market with the largest market share during the forecast period. The availability of modern equipment in the neurosurgery department at hospitals and the team of highly qualified senior consultants and competent support staff for performing complicated neurosurgical procedures, brain surgery, treating epilepsy, and removing a brain tumor are driving the market in the hospitals segment.

Regional Segment Analysis of the Global MRI Guided Neurosurgical Ablation Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the global MRI guided neurosurgical ablation market over the predicted timeframe.

North America is projected to hold the largest share of the global MRI guided neurosurgical ablation market over the forecast period. The increase in the incidence of particular disorders, such as neurodegenerative diseases and brain tumors is responsible for driving the market. The availability of well-established healthcare institutions and the growing usage of MRI-guided laser interstitial thermal therapy (LITT) are also contributing to market growth. Furthermore, the presence of highly qualified and experienced neurosurgeons in the region is contributing to the market. In addition, the increasing cases of central nervous system cancer and the strong healthcare infrastructure with advanced technologies are significantly driving the regional market.

Asia Pacific is expected to grow at the fastest CAGR growth of the global MRI guided neurosurgical ablation market during the forecast period. The significant presence of a large patient base, growing healthcare spending, and an increase in medical tourism are all factors responsible for driving the market in the region. The existence of well-established healthcare facilities, rising hospital healthcare spending, and distribution of medications to the elderly population are also leveraging market growth. The region’s high rate of brain tumors, Alzheimer’s disease, and numerous other nervous system illnesses are driving up market demand.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global MRI guided neurosurgical ablation market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Medtronic
• InSightec Ltd.
• Monteris Medical Inc.
• Boston Scientific Corporation
• MRI Interventions Inc.
• St. Jude Medical Inc.
• AngioDynamics Inc.
• ClearPoint Neuro Inc.
• Smith & Nephew plc
• Abbott Laboratories
• Elekta AB
• Profound Medical
• Varian Medical Systems
• Others

Key Target Audience

• Market Players
• Investors
• End users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global MRI guided neurosurgical ablation market based on the below-mentioned segments: 

Global MRI Guided Neurosurgical Ablation Market, By Product

• MRI Guided Laser Therapy Systems
• MRI Guided RF Ablation Systems
• MRI Guided Focused Ultrasound Systems
• Accessories

Global MRI Guided Neurosurgical Ablation Market, By End-Use

• Hospitals
• Clinics
• Ambulatory Surgical Centers

Global MRI Guided Neurosurgical Ablation Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa