Neurology Devices: Global Markets

Report Code: MDS096A

Publish Date: Jan 2024

Publisher: BCC Publishing

Category: Medical Devices And Surgical

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Report Highlights

The global market for neurology devices is estimated to increase from $23.7 billion in 2023 to reach $31.7 billion by 2028, at a compound annual growth rate (CAGR) of 6.0% from 2023 through 2028.

Report Includes

  • 20 data tables and 18 additional tables
  • An overview of the global markets for neurology devices
  • In-depth analysis of global market trends, featuring historical revenue data for 2020-2022, estimated figures for 2023, as well as forecasts for 2028. This analysis includes projections of Compound Annual Growth Rates (CAGRs) spanning through 2028
  • Evaluation of the current market size and revenue growth prospects specific to neurology devices, accompanied by a comprehensive market share analysis categorized by product type, and geographical region
  • Discussion on the emerging technologies in neurology devices market and areas of focus to forecast the market into various segments and sub-segments
  • Assessment of the key drivers and constraints that will shape the market for neurology devices and discussion on the upcoming market opportunities
  • Detailed description of the competitive landscape, product mapping, major player's strategic initiatives, R&D activities, and other initiatives
  • Detailed profiles of leading market participants, including Medtronic, Abbott, Terumo, Boston Scientific Corp., Natus Medical Inc., and Siemens Healthineers

Report Scope

This report is a comprehensive study of the global market for neurology devices. It describes the neurology devices market and segments it by product type and region. Based on product type, the market is segmented into neurosurgical devices, neuromodulation devices, neurovascular devices and neurodiagnostic devices. The market is segmented by region into North America, Latin America, Europe, Asia-Pacific and Rest of the World (RoW).

This report examines the factors driving growth in the neurology devices market, and it reviews major players, established companies, and new entrants.

In this report, the neurosurgical devices segment covers neurosurgical instruments, neurosurgery support devices/equipment, such as surgical microscopes, surgery navigation systems, and in the neurodiagnostic segment CT. MRI scanners are also considered as their role is prominent in the diagnosis of brain tumors and for radiosurgery applications. The revenue estimations are done for CT and MRI scans based on the neurology application point of view rather than the sales of the devices in this segment. The report does not cover neuro diagnostic assays, biomarker assays and related IVD instruments. It is purely focused on clinical applications, not research-oriented ones.

Report Synopsis

Report Metrics Details
Base year considered 2022
Forecast period considered 2023-2028
Base year market size $22.7 billion
Market size forecast $31.7 billion
Growth rate CAGR of 6.0% for the forecast period of 2023-2028
Units considered $ Millions
Segments covered Product, Type, and Geographic Region
Regions covered North America, Europe, Asia-Pacific, Latin America, and Rest of the World
Countries covered U.S., Canada, Mexico, Brazil, Argentina, Chile, Germany, France, UK, Italy, Spain, China, India, Japan, and Africa
Key Market Drivers
  • Increasing prevalence of neurological disorders.
  • Technological advancements for precision therapy and monitoring.
  • Growing healthcare expenditure.
  • Increasing R&D investments.
Companies studied
ABBOTTAXONICS INC.
BOSTON SCIENTIFIC CORP.B. BRAUN SE
DANAHER CORP.ELEKTA
GE HEALTHCAREINTEGRA LIFESCIENCES
JOHNSON & JOHNSON SERVICES INC.KONINKLIJKE PHILIPS N.V.
LIVANOVA PLCMEDTRONIC
NATUS MEDICAL INC.NEVRO CORP.
NIHON KOHDEN CORP.PENUMBRA INC.
STRYKERSIEMENS HEALTHINEERS AG
TERUMO MEDICAL CORP.
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Frequently Asked Questions (FAQs)

The global neurology devices market is projected to grow from $22.7 billion in 2022 to $31.7 billion in 2028 at a compound annual growth rate (CAGR) of 6.0% during the forecast period.
The neurology devices: global markets is propelled by the necessity to treat aged people suffering from neurological disorder such as Parkinson, Alzheimer’s disease using neurology devices to improved the patient outcome. Growing adoption of neuro devices in treating chronic pain and management, treating epilepsy patients who are drug-resistant, increasing awareness within both medical practitioners and patients plays a pivotal role in enabling timely diagnosis and intervention. Additionally, the increasing prevalence of stroke, aneurysm cases and having accessibility to advanced neurovascular devices such as embolic and clot retriever drives the demand. Ongoing research endeavors and collaborative initiatives further contribute to develop advanced technologies to treat various disease indications in the field of neurology.
The neurology devices market is segmented based on the product type, and by geographic region.
The neurosurgical segment will dominate the market by the end of 2028.
North America holds the highest share in the market.

Analyst Credentials

Gundreddy Gopinadh– Associate Consultant-Life Sciences Research
Gopinadh is an experienced professional with nearly nine years in the market research industry and experience in research and analysis, specializing in medical devices, pharmaceuticals, biotechnology, and in-vitro diagnostics verticals. He is an expert in handling custom projects by gathering data points, analyzing market trends, and ultimately providing clients with accurate market size numbers, actionable insights, and recommendations based on their unique business needs. Academically, Gopinadh holds a master’s degree in biotechnology from VIT University.

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Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: Neurology Devices: Global Markets102Free
Chapter- 1: Introduction4Free
Chapter- 2: Summary and Highlights5Free
Chapter- 3: Market Background and Definitions8Free
Chapter- 4: Market Trends10Free
Chapter- 5: Market Breakdown by Product Type7Free
Chapter- 6: Market Breakdown by Region9Free
Chapter- 7: Emerging Trends/Technologies in the Neurology Devices Market4Free
Chapter- 8: Sustainability in Neurology Devices Market: An ESG Perspective10Free
Chapter- 9: Pipeline Analysis6Free
Chapter- 10: Competitive Landscape4Free
Chapter- 11: Company Profiles34Free
Chapter- 12: Appendix: Acronyms1Free

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Neurology Devices: Global Markets
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