Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Intracerebral Hemorrhage Surgical Devices Market size was over USD 1.82 billion in 2024 and is poised to exceed USD 4.23 billion by 2037, growing at over 6.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of intracerebral hemorrhage surgical devices is evaluated at USD 1.92 billion.
The growth of the market can be attributed to the increasing incidences of spontaneous intracerebral hemorrhage, which is a deadly condition with high mortality and disability rate. It is caused by bleeding inside the brain parenchyma, and it is twice as common as intracerebral hemorrhage. Spontaneous intracerebral hemorrhage is responsible for over 15% of all types of strokes annually. Surgery is the only treatment for this condition, which is estimated to drive the growth of the market.
Intracerebral Hemorrhage Surgical Devices Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing Cases of Intracerebral Hemorrhage
- Growing R&D Activities in the Medical Field
Challenges
- Postsurgical Complications
- High Cost of Surgery
Intracerebral Hemorrhage Surgical Devices Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
6.7% |
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Base Year Market Size (2024) |
USD 1.82 billion |
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Forecast Year Market Size (2037) |
USD 4.23 billion |
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Regional Scope |
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Intracerebral Hemorrhage Surgical Devices Segmentation
The global intracerebral hemorrhage surgical devices market is segmented by surgery type into open craniotomy, decompressive craniectomy, neuro endoscopy, and others, out of which, the open craniotomy segment is anticipated to hold the notable share in the market during the forecast period as it is the most studied and performed surgery. Although open craniotomy has a lot of exposure to brain cells, benefits, such as, rapid recovery time and less tissue scarring, make it the most common surgery for intracerebral hemorrhage.
Our in-depth analysis of the global market includes the following segments
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By Surgery Type
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By End-User |
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Customize this ReportIntracerebral Hemorrhage Surgical Devices Industry - Regional Synopsis
North America Market Statistics
North America industry is expected to dominate majority revenue share by 2037, on the back of rising healthcare expenditure and investment in R&D activities, along with the presence of major market players in the region., on the back of rising healthcare expenditure and investment in R&D activities, along with the presence of major market players in the region. Moreover, adoption of advanced health technology in the countries, such as, U.S. and Canada are estimated to further boost the market growth.
APAC Market Statistics
The intracerebral hemorrhage surgical devices market in the Asia Pacific region is estimated to witness highest CAGR over the forecast period owing to increasing geriatric population, advancing healthcare system, and rising individual disposable income is developing economies. According to the data by the World Bank, the population above 65 years of age in India crossed 90,719,952 in 2020, while, it crossed 167,808,567 in China. This is estimated to boost the market growth.
Companies Dominating the Intracerebral Hemorrhage Surgical Devices Landscape
- Medtronic plc
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Stryker Corporation
- Abbott Laboratories
- General Electric Company
- Terumo Corporation
- Becton, Dickinson and Company
- Johnson & Johnson Services, Inc.
- Baxter International, Inc.
- Koninklijke Philips N.V.
- Siemens AG
In the News
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February, 2020: Baxter International, Inc. launched new adhesive sealant ‘Peri-Strips Dry’ for reliable staple line reinforcement for post-surgical procedures.
Author Credits: Radhika Pawar
- Report ID: 3349
- Published Date: Dec 26, 2024
- Report Format: PDF, PPT
