Market Overview:
The global pediatric neurology device market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the pediatric neurology device market can be attributed to the increasing incidence of neurological disorders in children, rising awareness about neurological disorders, and technological advancements in pediatric neurology devices. The neurosurgery devices segment is expected to account for the largest share of the global pediatric neurology device market in 2018. This segment is projected to grow at a CAGR of 7.8% from 2018 to 2030. The growth in this segment can be attributed to the increasing number of neurosurgical procedures performed on children and technological advancements in neurosurgery devices. The hospitals segment is expected to account for the largest share of the global pediatric neurology device market in 2018.
Product Definition:
A pediatric neurology device is a tool used by medical professionals to diagnose and treat neurological conditions in children. These devices can include anything from MRI machines to EEG scanners. The use of these devices is important because it allows for doctors to get a clear picture of the child's brain function, which can be essential in diagnosing and treating neurological conditions.
Neurosurgery Devices:
Neurosurgical devices are used in the treatment of disorders related to brain and spinal cord. The neurosurgical devices market is driven by factors such as increasing prevalence of neurological diseases, technological advancements, and government initiatives. According to the data published by WHO in 2018, neurological disease is one of the major health concerns across the globe affecting more than 50 million people globally every year.
Neurostimulator:
A neurostimulator is a medical device used to deliver electrical stimulation to the vagus nerve in order to treat epilepsy, Parkinson's disease, dystonia and other neurological disorders. The market for neurostimulators is segmented on the basis of product types into ambulatory/pervasive and implantable. Implantable devices are further classified as deep brain stimulators (DBS) or subcutaneous neuromodulation (SNC).
Application Insights:
Based on application, the global pediatric neurology device market is segmented into hospitals, healthcare centers and neurological research centers. Hospitals held the largest share in 2017 owing to factors such as a large patient base with complex needs and increasing number of surgeries performed annually. Healthcare centers are anticipated to witness lucrative growth over the forecast period due to growing awareness about better care for children with neurological disorders through advanced treatment options at specialized care facilities.
The Neurological Research Centers (NRC) segment is expected to exhibit fastest growth during the forecast period due to an increase in government funding for NRCs across the globe. For instance, according these guidelines by The American Academy of Neurology, NRCs should have at least 10 patients every year for them to receive federal funding from National Institute of Health (NIH). As many as 35 states have implemented this policy which has ledto increased investment by private organizations and governments in NRCs across North America region.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to factors such as favorable government initiatives, increasing R&D investments by companies, and rising awareness among parents regarding early diagnosis of neurological disorders in pediatric population. Moreover, an increase in the number of FDA approvals for new devices is also expected to drive growth during the forecast period. For instance, In March 2016; Medtronic received approval from FDA for its Reclaim DBS therapy system that was developed specifically for children with PDD and OCD.
Asia Pacific region is anticipated to witness lucrative growth over the forecast period owing to a rise in healthcare expenditure by various governments along with growing demand for quality healthcare services especially Neurology care services at lower costs resulting into higher availability & accessibility which would subsequently boost market development during this period.
Growth Factors:
- Increasing incidence of neurological disorders in children
- Growing awareness about pediatric neurology devices and their benefits
- Rising demand for minimally invasive pediatric neurology devices
- Technological advancements in pediatric neurology devices industry
- Growing number of research and development activities in pediatric neurology device market
Scope Of The Report
Report Attributes
Report Details
Report Title
Pediatric Neurology Device Market Research Report
By Type
Neurosurgery Devices, Neurostimulator, Cerebrospinal Fluid (CSF) Management Devices
By Application
Hospitals, Healthcare Centers, Neurological Research Centers
By Companies
Elana, Inova Healthcare System, Medtronic, The Nemours Foundation, Stryker, Boston Scientific, B.Braun Melsungen, Integra LifeSciences, Abbott, Elana
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
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Pediatric Neurology Device Market Report Segments:
The global Pediatric Neurology Device market is segmented on the basis of:
Types
Neurosurgery Devices, Neurostimulator, Cerebrospinal Fluid (CSF) Management Devices
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, Healthcare Centers, Neurological Research 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:
- Elana
- Inova Healthcare System
- Medtronic
- The Nemours Foundation
- Stryker
- Boston Scientific
- B.Braun Melsungen
- Integra LifeSciences
- Abbott
- Elana
Highlights of The Pediatric Neurology Device 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:
- Neurosurgery Devices
- Neurostimulator
- Cerebrospinal Fluid (CSF) Management Devices
- By Application:
- Hospitals
- Healthcare Centers
- Neurological Research 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 Pediatric Neurology Device 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
A pediatric neurology device is a medical device that is used to diagnose or treat neurological disorders in children. These devices can include neuroimaging equipment, such as MRI and CT scans, as well as other diagnostic tools, such as EEGs and MEGs. Some pediatric neurology devices are also designed to help improve the quality of life for children with neurological disorders by providing them with relief from symptoms.
Some of the key players operating in the pediatric neurology device market are Elana, Inova Healthcare System, Medtronic, The Nemours Foundation, Stryker, Boston Scientific, B.Braun Melsungen, Integra LifeSciences, Abbott, Elana.
The pediatric neurology device 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 Pediatric Neurology Device 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 Pediatric Neurology Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Pediatric Neurology Device 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 Pediatric Neurology Device 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 Pediatric Neurology Device Market Size & Forecast, 2018-2028
4.5.1 Pediatric Neurology Device Market Size and Y-o-Y Growth
4.5.2 Pediatric Neurology Device Market Absolute $ Opportunity
Chapter 5 Global Pediatric Neurology Device 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 Pediatric Neurology Device Market Size Forecast by Type
5.2.1 Neurosurgery Devices
5.2.2 Neurostimulator
5.2.3 Cerebrospinal Fluid (CSF) Management Devices
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Pediatric Neurology Device 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 Pediatric Neurology Device Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Healthcare Centers
6.2.3 Neurological Research Centers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Pediatric Neurology Device 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 Pediatric Neurology Device 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 Pediatric Neurology Device Analysis and Forecast
9.1 Introduction
9.2 North America Pediatric Neurology Device 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 Pediatric Neurology Device Market Size Forecast by Type
9.6.1 Neurosurgery Devices
9.6.2 Neurostimulator
9.6.3 Cerebrospinal Fluid (CSF) Management Devices
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 Pediatric Neurology Device Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Healthcare Centers
9.10.3 Neurological Research 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 Pediatric Neurology Device Analysis and Forecast
10.1 Introduction
10.2 Europe Pediatric Neurology Device 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 Pediatric Neurology Device Market Size Forecast by Type
10.6.1 Neurosurgery Devices
10.6.2 Neurostimulator
10.6.3 Cerebrospinal Fluid (CSF) Management Devices
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 Pediatric Neurology Device Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Healthcare Centers
10.10.3 Neurological Research 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 Pediatric Neurology Device Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Pediatric Neurology Device 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 Pediatric Neurology Device Market Size Forecast by Type
11.6.1 Neurosurgery Devices
11.6.2 Neurostimulator
11.6.3 Cerebrospinal Fluid (CSF) Management Devices
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 Pediatric Neurology Device Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Healthcare Centers
11.10.3 Neurological Research 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 Pediatric Neurology Device Analysis and Forecast
12.1 Introduction
12.2 Latin America Pediatric Neurology Device 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 Pediatric Neurology Device Market Size Forecast by Type
12.6.1 Neurosurgery Devices
12.6.2 Neurostimulator
12.6.3 Cerebrospinal Fluid (CSF) Management Devices
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 Pediatric Neurology Device Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Healthcare Centers
12.10.3 Neurological Research 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) Pediatric Neurology Device Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Pediatric Neurology Device 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) Pediatric Neurology Device Market Size Forecast by Type
13.6.1 Neurosurgery Devices
13.6.2 Neurostimulator
13.6.3 Cerebrospinal Fluid (CSF) Management Devices
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) Pediatric Neurology Device Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Healthcare Centers
13.10.3 Neurological Research 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 Pediatric Neurology Device Market: Competitive Dashboard
14.2 Global Pediatric Neurology Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Elana
14.3.2 Inova Healthcare System
14.3.3 Medtronic
14.3.4 The Nemours Foundation
14.3.5 Stryker
14.3.6 Boston Scientific
14.3.7 B.Braun Melsungen
14.3.8 Integra LifeSciences
14.3.9 Abbott
14.3.10 Elana
