Market Overview:
The global neurology medical devices market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of neurological disorders, rising geriatric population, and technological advancements in neurology medical devices. The global neurology medical devices market is segmented on the basis of type into neurostimulation devices, neurosurgery devices, interventional neurology devices, cerebrospinal fluid (CSF) drainage systems and other Neurological Devices. The neurostimulation device segment is expected to grow at the highest CAGR during the forecast period owing to its growing demand for treatment of various neurological disorders such as chronic pain, epilepsy and Parkinson’s disease. On the basis of application, hospitals are expected to account for majority share in global neurology medical device market followed by clinics and ambulatory care centers during the forecast period from 2018-2030.
Product Definition:
Neurology medical devices are used to diagnose, treat and monitor neurological disorders. The importance of neurology medical devices is that they allow for early diagnosis and treatment of neurological disorders, which can improve patient outcomes.
Neurostimulation Devices:
Neurostimulation devices are implanted in the body to treat conditions associated with the nervous system. The treatment of neurological disorders through neurostimulation is a relatively new technique but has been gaining popularity over recent years. Neurostimulation uses electrical stimulation of the brain to relieve pain, reduce spasticity (muscle rigidity and spasms), or preventatively alter neural activity in patients suffering from chronic neurologic disorders such as multiple sclerosis, stroke, cerebral palsy, etc.
Neurosurgery Devices:
Neurosurgery devices are used in the treatment of disorders related to brain, spine, and nerves. These devices fall under category of minimally invasive surgeries that help in treating complex neurological problems such as tumors or cysts pressing on a nerve.
Application Insights:
Based on application, the global market is segmented into hospitals, neurology clinics and ambulatory care centers. Hospitals held the largest share in 2017 owing to factors such as a large patient base and increasing prevalence of neurological disorders. According to WHO, an estimated 1 billion people suffer from epilepsy worldwide; however, only 70 million are registered cases due to lack of awareness about epilepsy. Thus, an increase in incidence coupled with a high patient base is expected to drive the hospital segment over the forecast period.
Neurology clinics are anticipated to witness lucrative growth during the forecast period due largely Ambulatory Care Centers (ACC) that offer diagnostic services for acute conditions or emergency department visits for patients suffering from head injuries or trauma at relatively lower costs than hospitals do so they can treat more patients per day without exceeding their budget constraints which may result in increased usage of devices by neurologists at these centers thus driving demand globally over next seven years.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare facilities, favorable reimbursement policies, and increasing R&D activities for the development of innovative neurological devices are some factors responsible for its continued dominance over the forecast period. In addition, growing prevalence of neurological disorders and rising demand for minimally invasive surgeries are expected to drive regional growth during the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the same period owing to improving healthcare infrastructure and economic development in emerging countries such as China & India & Japan etcetera’s). Furthermore, increasing medical tourism due to affordable treatment options is also expected boost regional market growth over next eight years.
Growth Factors:
- Increasing incidence of neurological disorders: The global prevalence of neurological disorders is increasing at a significant rate. This is primarily due to the aging population, which is more susceptible to such conditions. The increasing incidence of neurological disorders will drive the demand for neurology medical devices in the coming years.
- Technological advancements: Neurology medical devices are constantly evolving with new and innovative technologies being developed every day. This has led to increased accuracy and efficiency in diagnosing and treating neurological conditions. Such technological advancements will fuel the growth of the neurology medical devices market in the coming years.
- Growing awareness about neurodegenerative diseases: There is a growing awareness among people about neurodegenerative diseases such as Alzheimer’s disease, Parkinson’s disease, and multiple sclerosis etc., which are some of the most common types of neurological disorders affecting humans today .This growing awareness will lead to an increase in demand for neurology medical devices in order to diagnose and treat these diseases effectively .
Scope Of The Report
Report Attributes
Report Details
Report Title
Neurology Medical Devices Market Research Report
By Type
Neurostimulation Devices, Neurosurgery Devices, Interventional Neurology Devices, Cerebrospinal Fluid Devices, Others
By Application
Hospitals, Neurology Clinics, Ambulatory Care Centers
By Companies
Abbott Laboratories, B. BRAUN MELSUNGEN AG, Boston Scientific Corporation, Integra LifeSciences Holdings Corporation, Johnson & Johnson, LivaNova PLC, Medtronic Plc, Magstim Co Ltd., Penumbra, Inc., Stryker Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.
Global Neurology Medical Devices Market Report Segments:
The global Neurology Medical Devices market is segmented on the basis of:
Types
Neurostimulation Devices, Neurosurgery Devices, Interventional Neurology Devices, Cerebrospinal Fluid Devices, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Neurology Clinics, Ambulatory Care Centers
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Abbott Laboratories
- B. BRAUN MELSUNGEN AG
- Boston Scientific Corporation
- Integra LifeSciences Holdings Corporation
- Johnson & Johnson
- LivaNova PLC
- Medtronic Plc
- Magstim Co Ltd.
- Penumbra, Inc.
- Stryker Corporation
Highlights of The Neurology Medical Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Neurostimulation Devices
- Neurosurgery Devices
- Interventional Neurology Devices
- Cerebrospinal Fluid Devices
- Others
- By Application:
- Hospitals
- Neurology Clinics
- Ambulatory Care Centers
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Neurology Medical Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Neurology medical devices are used to diagnose and treat neurological disorders. These devices can include neuroimaging equipment, neuromodulators, and surgical tools.
Some of the major players in the neurology medical devices market are Abbott Laboratories, B. BRAUN MELSUNGEN AG, Boston Scientific Corporation, Integra LifeSciences Holdings Corporation, Johnson & Johnson, LivaNova PLC, Medtronic Plc, Magstim Co Ltd., Penumbra, Inc., Stryker Corporation.
The neurology medical devices market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Neurology Medical Devices Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Neurology Medical Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Neurology Medical Devices Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Neurology Medical Devices Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Neurology Medical Devices Market Size & Forecast, 2018-2028
4.5.1 Neurology Medical Devices Market Size and Y-o-Y Growth
4.5.2 Neurology Medical Devices Market Absolute $ Opportunity
Chapter 5 Global Neurology Medical Devices Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Neurology Medical Devices Market Size Forecast by Type
5.2.1 Neurostimulation Devices
5.2.2 Neurosurgery Devices
5.2.3 Interventional Neurology Devices
5.2.4 Cerebrospinal Fluid Devices
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Neurology Medical Devices Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Neurology Medical Devices Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Neurology Clinics
6.2.3 Ambulatory Care Centers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Neurology Medical Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Neurology Medical Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Neurology Medical Devices Analysis and Forecast
9.1 Introduction
9.2 North America Neurology Medical Devices Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Neurology Medical Devices Market Size Forecast by Type
9.6.1 Neurostimulation Devices
9.6.2 Neurosurgery Devices
9.6.3 Interventional Neurology Devices
9.6.4 Cerebrospinal Fluid Devices
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Neurology Medical Devices Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Neurology Clinics
9.10.3 Ambulatory Care Centers
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Neurology Medical Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Neurology Medical Devices Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Neurology Medical Devices Market Size Forecast by Type
10.6.1 Neurostimulation Devices
10.6.2 Neurosurgery Devices
10.6.3 Interventional Neurology Devices
10.6.4 Cerebrospinal Fluid Devices
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Neurology Medical Devices Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Neurology Clinics
10.10.3 Ambulatory Care Centers
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Neurology Medical Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Neurology Medical Devices Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Neurology Medical Devices Market Size Forecast by Type
11.6.1 Neurostimulation Devices
11.6.2 Neurosurgery Devices
11.6.3 Interventional Neurology Devices
11.6.4 Cerebrospinal Fluid Devices
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Neurology Medical Devices Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Neurology Clinics
11.10.3 Ambulatory Care Centers
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Neurology Medical Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Neurology Medical Devices Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Neurology Medical Devices Market Size Forecast by Type
12.6.1 Neurostimulation Devices
12.6.2 Neurosurgery Devices
12.6.3 Interventional Neurology Devices
12.6.4 Cerebrospinal Fluid Devices
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Neurology Medical Devices Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Neurology Clinics
12.10.3 Ambulatory Care Centers
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Neurology Medical Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Neurology Medical Devices Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Neurology Medical Devices Market Size Forecast by Type
13.6.1 Neurostimulation Devices
13.6.2 Neurosurgery Devices
13.6.3 Interventional Neurology Devices
13.6.4 Cerebrospinal Fluid Devices
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Neurology Medical Devices Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Neurology Clinics
13.10.3 Ambulatory Care Centers
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Neurology Medical Devices Market: Competitive Dashboard
14.2 Global Neurology Medical Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Abbott Laboratories
14.3.2 B. BRAUN MELSUNGEN AG
14.3.3 Boston Scientific Corporation
14.3.4 Integra LifeSciences Holdings Corporation
14.3.5 Johnson & Johnson
14.3.6 LivaNova PLC
14.3.7 Medtronic Plc
14.3.8 Magstim Co Ltd.
14.3.9 Penumbra, Inc.
14.3.10 Stryker Corporation
