Neurology Devices Market
Neurology Devices Market Analysis By Product (Cerebrospinal Fluid Management Devices, Interventional Neurology Devices, Neurosurgery Devices, Neurostimulation Devices), By End User (Hospitals, Ambulatory Surgery Centers, Neurology Clinics) & Region - Global Market Insights 2022 to 2027
Analysis of Neurology Devices market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Neurology Devices Market Outlook (2022 to 2027)
As per a new Fact.MR analysis, global sales of neurology devices are anticipated to increase at a CAGR of 6.2% from 2022 to 2027. At present, the global neurology devices market is valued at US$ 9.6 billion and is projected to reach a market size of US$ 13 billion by 2027.
Demand for cerebrospinal fluid management devices is expected to rise faster at a CAGR of 6.5% through 2027. Segment growth is attributed to the incorporation of new and improved sensors in cerebrospinal fluid management devices to enhance the accuracy of diagnosis.
| Report Attributes | Details |
|---|---|
| Neurology Devices Market Size (2022) | US$ 9.6 Billion |
| Projected Market Value (2027) | US$ 13 Billion |
| Global Market Growth Rate (2022 to 2027) | 6.2% CAGR |
| Market Share of Cerebrospinal Fluid Management Devices | 30% |
| Share in Medical Devices Market (2022) | 2% |
| Key Companies Profiled | Johnson & Johnson; Medtronic, Inc.; Penumbra, Inc.; Smith & Nephew PLC; Stryker Corporation; Abbott Laboratories, Inc.; B. Braun Melsungen AG; Boston Scientific Corporation; MicroPort Scientific Corporation; Nihon Kohden Corporation |
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Revenue Analysis of Neurology Devices (2017 to 2021) Vs. Market Estimations (2022 to 2027)
“Growing Public Awareness about Early Detection of Neurological Disorders to Boost Market Value”
According to Fact.MR, a market research and competitive intelligence provider, global demand for neurology devices is projected to increase at a CAGR of 6.2% from 2022 to 2027.
Neurovascular illnesses might cause the patient to experience significant disability because they are brought on by inadequate or constrained blood and oxygen supply to the brain. The rising prevalence of neurological disorders in the general population is expected to increase the demand for neurology products.
Neurosurgery devices are used to treat neurological diseases with pathophysiological problems that impact the brain, spinal cord, and nervous system. The culmination of technological growth in the field of neurological products has been the creation of innovative neurological devices that can hasten the rate of product adoption.
Rapid urbanization and industrialization, innovation in neurointerventional devices, a large patient pool, an increase in the number of private hospitals and diagnostic facilities, and growing public awareness about the early detection of neurological disorders are some of the factors driving market growth.
Why is Demand for Neurology Devices Set to Boom?
“Advent of Technologically Advanced Neurology Devices”
Increasing research activities in neurovascular therapies, favorable reimbursement policies, product development and commercialization, and advances in healthcare infrastructure across emerging markets are anticipated to propel market expansion.
The market for interventional neurology devices is expanding due to the advent of technologically advanced neurology systems, including carotid artery stents and flow diverters, which are supported by solid clinical data.
The rising demand for minimally-invasive neurosurgical procedures is a major driver fueling market revenue. These techniques are becoming more popular because they offer many benefits over conventional surgical procedures, including lower costs, increased operational safety & efficacy, speedier patient recovery, and shorter hospital stays.
Neurovascular devices are widely used in stroke treatment. The frequency of strokes worldwide has been rising as a result of several causes, including growing urbanization, a sedentary lifestyle, and stress.
Medical experts and neurosurgeons are increasingly considering neuroprotection therapeutics that can successfully lower the probability of patient death or the complexity of neurovascular illnesses. The need for efficient neurovascular treatments is continuously increasing due to the rising number of patients with neurovascular diseases and an increase in the intensity of medical conditions in target patients.
Market growth is anticipated to be fueled by continuous improvements in imaging technologies and the ensuing creation of neurology diagnostics devices. Another contributing factor that is anticipated to increase the demand for neurology instruments over the forecast period is the ongoing growth in the number of neuroinformatics-related projects for the provision of effective algorithms.
Neurology equipment manufacturers are investing in the research and development of implantable wireless neurostimulators to treat neurological and psychiatric conditions. Neuromodulation devices are placed inside the cranium to connect with the brain and activate body nerves. By appropriately altering brain signals, these devices are utilized to treat bipolar conditions, brain injury, anxiety, and depression.
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What Could Impede Neurology Device Demand Growth?
“High Cost & Unfavorable Reimbursement Policies”
Market expansion is constrained by many adverse factors. The total cost of ownership for these devices would increase due to maintenance costs and other indirect costs, which would limit their adoption.
Budget restrictions prevent small hospitals and independent ambulatory surgery centers from purchasing advanced equipment. Due to exorbitant costs and unfavorable reimbursement policies, only a small percentage of patients can afford neurological therapies.
The high cost of R&D and the lengthy government approval procedures are a few issues that might limit market expansion.
How are Emerging Market Players Making a Mark in This Space?
“New Market Entrants Focused on Advancements in Neurological Medical Devices”
A condition known as hydrocephalus causes an abnormal accumulation of intracranial fluid in the brain cavities. The implantation of a shunt to drain the surplus accumulation is one of the traditional treatments for chronic hydrocephalus. Data on intracranial pressure is continuously monitored and collected by newer systems, such as Internet of Things (IoT) sensors.
New companies offer neuromodulation solutions to help patients manage their discomfort from neurological illnesses. Aspiring market players are working on developments in neurological medical devices.
- A French start-up, Neurallys, offers a sensor that requires little to no surgery to treat hydrocephalus. Along with the intracranial fluid drainage valve, the pressure sensor is embedded, continuously monitoring and gathering real-time intracranial pressure data. In the situation of any irregularities, the sensor warns physicians and communicates the data via a smartphone.
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Which Region Accounts for High Sales of Neurology Devices?
“High Use of Neurology Diagnostic Equipment in North America”
North America accounts for the highest share of the neurology devices market. Increased use of neurology diagnostic equipment, an expanding target patient population for neurovascular illnesses, and ongoing government attempt to update and extend the healthcare infrastructure are all factors contributing to market revenue growth.
Rising funding from various organizations for the development of neurology monitoring devices, favorable reimbursement policies, and increasing research and development activities are the factors driving market growth in the region. Furthermore, because of the availability of affordable equipment, the use of neurological devices has expanded in North America.
Country-wise Insights
Why is the U.S. Neurology Devices Market Expected to Grow Rapidly?
“Rise in Minimally-invasive Neurology Treatments”
The use of neurology devices in the U.S. is projected to increase due to an increase in emergency room visits, neurology operations, and trauma cases. The rise in minimally-invasive neurology treatments, the presence of suppliers of neurology devices, and the continuous growth of emergency care facilities are the main drivers of the neurology devices market in the U.S.
Additionally, during the forecast period, the use of neurology devices is anticipated to be boosted by healthcare expenditure and rapid acceptance of technologically advanced systems.
Demand for neurology devices in the U.S. is expected to be fueled by the presence of supportive government efforts and advanced healthcare infrastructure, including investments in pharmaceutical R&D, brain tumor research, and neurological R&D.
How is the Market for Neurology Devices Progressing in China?
“Increased Knowledge among Neurosurgeons of Neurology Device Advantages”
The neurology devices market in China is expected to increase at a CAGR of 9% from 2022 to 2027.
The accessibility of enhanced diagnostic techniques in neuro critical care units, enhanced general healthcare & infection control, and high survival rates, along with rising disposable incomes and changing lifestyles, are projected to drive market expansion.
Economic growth, healthcare reforms, a large population base, and an increase in hospitals and clinics are some of the factors that will raise government spending on intensive R&D and spur market expansion in China. The increased knowledge among neurosurgeons of the advantages of neurology devices is supporting market expansion.
Category-wise Insights
Why are Cerebrospinal Fluid Management Devices Highly Sought-after?
“Rising Prevalence of Hydrocephalus Driving Demand for Cerebrospinal Fluid Management Devices”
By product, the neurology devices market is classified into cerebrospinal fluid management devices, interventional neurology devices, neurosurgery devices, and neurostimulation devices. Cerebrospinal fluid management devices account for 30% share of the global market.
Cerebrospinal fluid management devices such as shunts and external drainage systems regulate the flow of CSF and drain excess fluid from the brain. The rising prevalence of hydrocephalus is driving the demand for CSF management devices as a form of therapy.
The rise in shunting treatments, the development of devices to address biocompatibility, infection, and fouling issues, and the rising elderly population are boosting the use of cerebrospinal fluid management devices.
Which End User Accounts for High Usage of Neurology Devices?
“Easy Availability of Neurological Equipment in Hospitals”
The neurology devices market is segmented into hospitals, ambulatory surgery centers, and neurology clinics based on end user. The demand for neurology equipment in hospitals is anticipated to be primarily driven by the growing patient preference for less-invasive medical procedures, the convenience of scheduling, the clinical staff's concentration, and the increased safety & efficacy.
Market demand is driven by the wide availability of neurological equipment in hospital settings and patients' increasing desire for visiting hospitals for the diagnosis and treatment of various neurological ailments.
Competitive Landscape
Key producers of neurology devices are focusing on innovation by manufacturing and releasing new products as part of their strategy to maintain their position in the neurology devices market on a worldwide scale. To diversify their product offerings, top neurology medical device companies are concentrating on getting new devices approved.
For instance :
- In 2020, Helius Medical Technologies, Inc. obtained Exceptional Recognition for its PoNS equipment as a potential treatment for gait deficiency caused by multiple sclerosis symptoms.
Key Segments in Neurology Devices Industry Research
-
By Product :
- Cerebrospinal Fluid Management Devices
- Interventional Neurology Devices
- Neurosurgery Devices
- Neurostimulation Devices
-
By End User :
- Hospitals
- Ambulatory Surgery Centers
- Neurology Clinics
-
By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2017 to 2021 and Forecast, 2022 to 2027
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2017 to 2021 and Forecast, 2022 to 2027
- 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2027, by Product
- 9.1. Cerebrospinal Fluid Management Devices
- 9.2. Interventional
- 9.3. Neurosurgery Devices
- 9.4. Neurostimulation Devices
- 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2027, by End User
- 10.1. Hospitals
- 10.2. Ambulatory Surgery Centers
- 10.3. Neurology Clinics
- 11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2027, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2027
- 13. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2027
- 14. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2027
- 15. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2027
- 16. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2027
- 17. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2027
- 18. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2027
- 19. Key and Emerging Countries Market Analysis 2017 to 2021 and Forecast 2022 to 2027
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Johnson & Johnson
- 21.2. Medtronic, Inc.
- 21.3. Penumbra, Inc.
- 21.4. Smith & Nephew PLC
- 21.5. Stryker Corporation
- 21.6. Abbott Laboratories, Inc.
- 21.7. B. Braun Melsungen AG
- 21.8. Boston Scientific Corporation
- 21.9. MicroPort Scientific Corporation
- 21.10. Nihon Kohden Corporation
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2017 to 2027, By Product
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2027, By Product
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2027, By End User
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2027, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2027, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2027, By Product
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2027, By End User
Table 08: Latin America Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2027, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2027, By Product
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2027, By End User
Table 11: Europe Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2027, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2027, By Product
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2027, By End User
Table 14: South Asia Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2027, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2027, By Product
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2027, By End User
Table 17: East Asia Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2027, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2027, By Product
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2027, By End User
Table 20: Oceania Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2027, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2027, By Product
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2027, By End User
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2027, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2027, By Product
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2027, By End User
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2017 to 2021
Figure 02: Global Market Volume Forecast (in 000' Units), 2022 to 2027
Figure 03: Pricing Analysis (US$) Per Product, By Region, 2021
Figure 04: Pricing Analysis (US$) Per Product, By Region, 2021
Figure 05: Global Market Value Analysis (US$ Mn), 2017 to 2021
Figure 06: Global Market Value Forecast (US$ Mn), 2022 to 2027
Figure 07: Global Market Absolute $ Opportunity, 2022 to 2027
Figure 08: Global Market Share Analysis (%), By Product, 2022 to 2027
Figure 09: Global Market Y-o-Y Analysis (%), By Product, 2022 to 2027
Figure 10: Global Market Attractiveness Analysis by Product, 2022 to 2027
Figure 11: Global Market Share Analysis (%), By End User, 2022 to 2027
Figure 12: Global Market Y-o-Y Analysis (%), By End User, 2022 to 2027
Figure 13: Global Market Attractiveness Analysis by End User, 2022 to 2027
Figure 14: Global Market Share Analysis (%), By Region, 2022 to 2027
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2022 to 2027
Figure 16: Global Market Attractiveness Analysis by Region, 2022 to 2027
Figure 17: North America Market Value Share, By Product, 2022 (E)
Figure 18: North America Market Value Share, By End User, 2022 (E)
Figure 19: North America Market Value Share, By Country, 2022 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2017 to 2021
Figure 21: North America Market Value Forecast (US$ Mn), 2022 to 2027
Figure 22: North America Market Attractiveness Analysis by Product, 2022 to 2027
Figure 23: North America Market Attractiveness Analysis by End User, 2022 to 2027
Figure 24: North America Market Attractiveness Analysis by Country, 2022 to 2027
Figure 25: Latin America Market Value Share, By Product, 2022 (E)
Figure 26: Latin America Market Value Share, By End User, 2022 (E)
Figure 27: Latin America Market Value Share, By Country, 2022 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2017 to 2021
Figure 29: Latin America Market Value Forecast (US$ Mn), 2022 to 2027
Figure 30: Latin America Market Attractiveness Analysis by Product, 2022 to 2027
Figure 31: Latin America Market Attractiveness Analysis by End User, 2022 to 2027
Figure 32: Latin America Market Attractiveness Analysis by Country, 2022 to 2027
Figure 33: Europe Market Value Share, By Product, 2022 (E)
Figure 34: Europe Market Value Share, By End User, 2022 (E)
Figure 35: Europe Market Value Share, By Country, 2022 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2017 to 2021
Figure 37: Europe Market Value Forecast (US$ Mn), 2022 to 2027
Figure 38: Europe Market Attractiveness Analysis by Product, 2022 to 2027
Figure 39: Europe Market Attractiveness Analysis by End User, 2022 to 2027
Figure 40: Europe Market Attractiveness Analysis by Country, 2022 to 2027
Figure 41: South Asia Market Value Share, By Product, 2022 (E)
Figure 42: South Asia Market Value Share, By End User, 2022 (E)
Figure 43: South Asia Market Value Share, By Country, 2022 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2017 to 2021
Figure 45: South Asia Market Value Forecast (US$ Mn), 2022 to 2027
Figure 46: South Asia Market Attractiveness Analysis by Product, 2022 to 2027
Figure 47: South Asia Market Attractiveness Analysis by End User, 2022 to 2027
Figure 48: South Asia Market Attractiveness Analysis by Country, 2022 to 2027
Figure 49: East Asia Market Value Share, By Product, 2022 (E)
Figure 50: East Asia Market Value Share, By End User, 2022 (E)
Figure 51: East Asia Market Value Share, By Country, 2022 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2017 to 2021
Figure 53: East Asia Market Value Forecast (US$ Mn), 2022 to 2027
Figure 54: East Asia Market Attractiveness Analysis by Product, 2022 to 2027
Figure 55: East Asia Market Attractiveness Analysis by End User, 2022 to 2027
Figure 56: East Asia Market Attractiveness Analysis by Country, 2022 to 2027
Figure 57: Oceania Market Value Share, By Product, 2022 (E)
Figure 58: Oceania Market Value Share, By End User, 2022 (E)
Figure 59: Oceania Market Value Share, By Country, 2022 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2017 to 2021
Figure 61: Oceania Market Value Forecast (US$ Mn), 2022 to 2027
Figure 62: Oceania Market Attractiveness Analysis by Product, 2022 to 2027
Figure 63: Oceania Market Attractiveness Analysis by End User, 2022 to 2027
Figure 64: Oceania Market Attractiveness Analysis by Country, 2022 to 2027
Figure 65: Middle East and Africa Market Value Share, By Product, 2022 (E)
Figure 66: Middle East and Africa Market Value Share, By End User, 2022 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2022 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2017 to 2021
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2022 to 2027
Figure 70: Middle East and Africa Market Attractiveness Analysis by Product, 2022 to 2027
Figure 71: Middle East and Africa Market Attractiveness Analysis by End User, 2022 to 2027
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2022 to 2027
Figure 73: U. S. Market Value Analysis (US$ Mn), 2022 & 2027
Figure 74: U. S. Market Value Share, By Product, 2022 (E)
Figure 75: U. S. Market Value Share, By End User, 2022 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2022 & 2027
Figure 77: Canada Market Value Share, By Product, 2022 (E)
Figure 78: Canada Market Value Share, By End User, 2022 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2022 & 2027
Figure 80: Mexico Market Value Share, By Product, 2022 (E)
Figure 81: Mexico Market Value Share, By End User, 2022 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2022 & 2027
Figure 83: Brazil Market Value Share, By Product, 2022 (E)
Figure 84: Brazil Market Value Share, By End User, 2022 (E)
Figure 85: U. K. Market Value Analysis (US$ Mn), 2022 & 2027
Figure 86: U. K. Market Value Share, By Product, 2022 (E)
Figure 87: U. K. Market Value Share, By End User, 2022 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2022 & 2027
Figure 89: Germany Market Value Share, By Product, 2022 (E)
Figure 90: Germany Market Value Share, By End User, 2022 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2022 & 2027
Figure 92: France Market Value Share, By Product, 2022 (E)
Figure 93: France Market Value Share, By End User, 2022 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2022 & 2027
Figure 95: Italy Market Value Share, By Product, 2022 (E)
Figure 96: Italy Market Value Share, By End User, 2022 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2022 & 2027
Figure 98: Spain Market Value Share, By Product, 2022 (E)
Figure 99: Spain Market Value Share, By End User, 2022 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2022 & 2027
Figure 101: Russia Market Value Share, By Product, 2022 (E)
Figure 102: Russia Market Value Share, By End User, 2022 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2022 & 2027
Figure 104: China Market Value Share, By Product, 2022 (E)
Figure 105: China Market Value Share, By End User, 2022 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2022 & 2027
Figure 107: Japan Market Value Share, By Product, 2022 (E)
Figure 108: Japan Market Value Share, By End User, 2022 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2022 & 2027
Figure 110: South Korea Market Value Share, By Product, 2022 (E)
Figure 111: South Korea Market Value Share, By End User, 2022 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2022 & 2027
Figure 113: India Market Value Share, By Product, 2022 (E)
Figure 114: India Market Value Share, By End User, 2022 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2022 & 2027
Figure 116: ASEAN Market Value Share, By Product, 2022 (E)
Figure 117: ASEAN Market Value Share, By End User, 2022 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2022 & 2027
Figure 119: Australia Market Value Share, By Product, 2022 (E)
Figure 120: Australia Market Value Share, By End User, 2022 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2022 & 2027
Figure 122: New Zealand Market Value Share, By Product, 2022 (E)
Figure 123: New Zealand Market Value Share, By End User, 2022 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2022 & 2027
Figure 125: GCC Countries Market Value Share, By Product, 2022 (E)
Figure 126: GCC Countries Market Value Share, By End User, 2022 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2022 & 2027
Figure 128: Turkey Market Value Share, By Product, 2022 (E)
Figure 129: Turkey Market Value Share, By End User, 2022 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2022 & 2027
Figure 131: South Africa Market Value Share, By Product, 2022 (E)
Figure 132: South Africa Market Value Share, By End User, 2022 (E)
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Competitive landscape highlights only certain players
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- FAQs -
What is the estimated growth rate of the neurology devices market?
The global neurology devices market is set to expand at a CAGR of 6.2% through 2027.
What is the projected market value for neurology devices?
The market for neurology devices is expected to reach US$ 13 billion by 2027.
Which are the key factors driving the demand for neurology devices?
The market is expanding due to an increase in the prevalence of neurological illnesses, increased R&D, and adoption of expansion strategies by prominent companies.
Which are the top 5 countries driving demand for neurology devices?
The U.S., Japan, Canada, China, and Germany account for the highest demand for neurology systems.
What is the estimated CAGR for the market in Japan?
The market in Japan is expected to rise at a CAGR of 3.5% through 2027.
Who are the top manufacturers of neurology devices?
Johnson & Johnson, Medtronic, Inc., and Penumbra, Inc. are prominent manufacturers of neurology devices.
Neurology Devices Market