The Global Neurology Devices Market Report by The Business Research Company covers neurology devices market drivers and restraints, neurology devices market size, major players, and the impact of COVID-19 on the neurology devices market.
The neurology devices market consists of sales of neurology devices and related services by entities that manufacture neurology devices used to diagnose and treat neurological diseases. It consists of interventional neurology devices used to treat neurovascular diseases and neurosurgery devices.
The global neurology devices market reached a value of nearly $11,849.6 million in 2020, having increased at a compound annual growth rate (CAGR) of 3.5% since 2015. The market is expected to grow at a CAGR of 10.2% from 2020 to reach $19,250.3 million in 2025. The global neurology devices market is expected to reach $28,170.8 million in 2030, at a CAGR of 7.9%.
The increase in patient pool due to rising geriatric population globally is expected to continue to drive the neurology devices market during the forecast period. Geriatric population suffering from neurology diseases such as dementia including Alzheimer’s disease and Parkinson’s disease constitutes the major clientele of hospitals providing neurology treatments. The higher prevalence of neurological diseases among the geriatric population is expected to drive the healthcare services market, subsequently increasing the demand for neurology devices for diagnosis and treatment.
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Some neurology devices market trends include investing in research and development activities to offer implantable wireless brain devices such as neuromodulation devices to treat neurological and psychiatric diseases. Moreover, minimally invasive and non-invasive treatments with minimally invasive surgical devices are being practiced to treat neurological disorders. Electric pulses are being developed for the treatment of neurological and psychiatric disorders.
Global neurology devices market segments include:
1) By Type: Neurostimulation Devices (Implantable Neurostimulation Devices, External Neurostimulation Devices), Neurosurgery Devices And Equipment (Aneurysm Clips, Neurosurgical Navigation Systems, Stereotactic Systems, Neurosurgical Endoscopes), Interventional Neurology Devices And Equipment (Angioplasty Devices, Aneurysm Coiling And Embolization Devices, Interventional Neurology Support Devices, Neurothrombectomy Devices), Cerebrospinal Fluid Management (CSF) Devices And Equipment (CSF shunts, CSF drainage systems)
2) By Product: Instruments/Equipment, Disposables
3) By Type of Expenditure: Public, Private
4) By End User: Hospitals And Clinics, Diagnostic Laboratories, Others
5) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Neurology Devices Opportunities And Strategies: Forecast To 2030 is one of a series of new reports from The Business Research Company that provides neurology devices market overviews, analyzes and forecasts market size, share, neurology devices market players, neurology devices market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The neurology devices identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Neurology Devices Opportunities And Strategies: Forecast To 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Medtronic Inc., Stryker Corporation, Boston Scientific Corporation, Integra LifeSciences, Abbott Laboratories, Hitachi Construction Machinery Co., Ltd.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Neurology Devices Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Neurology Devices Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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