Global Neurology Devices Market Analysis

Global Neurology Device Market Executive Summary

Numerous neurological problems are treated with the aid of neurological gadgets, as they are pathophysiological conditions that affect the brain, spinal cord, and nervous system. These tools are used to treat conditions like Alzheimer’s, Parkinson's, cancers, tumors, etc. To maintain the flow of cerebrospinal fluid and remove extra fluid from the brain, cerebrospinal fluid management devices also include shunts, valves, and external drainage systems.

Market Size and Key Findings

The Global Neurology Device Market size is at around US $ xx Bn in 2021 and is projected to reach US $ xx Bn in 2030, exhibiting a CAGR of xx% during the forecast period.

Global Neurology Device Market Size (In USD Bn)

(2021-2030F)

Market Dynamics

Market Growth Drivers Analysis

In comparison to neurostimulation devices, interventional neurology equipment has a sizably larger market share and is expected to rise significantly over the next several years. The use of fluorescence and other image-guided techniques in minimally invasive treatments for severe and complex vascular problems of the head, neck, and spine contributed to the second-largest proportion of this market in 2014.

Rapid developments in this field, such as the intravascular delivery of bone marrow-derived stem cells employing autologous stem cell therapy for treating brain injury, are also expected to support the segment's expansion through 2022. Given the increased prevalence of disorders like cerebral stroke, cerebral balloon angioplasty—a type of interventional neurology device—is anticipated to develop profitably over the projected period. In addition, a strong preference for pairing cerebral stents with angioplasty in order to prevent carotid plaque from reaccumulating in the afflicted vessels is anticipated to spur the expansion of this sub-segment in the upcoming years.

Competitive Landscape

Key Players

The prominent players operating in this market include Johnson and Johnson, L. Gore & Associates, Braun Mesungen AG, Jude Medical Inc., Integra LifeSciences Holdings, Esaote, Boston Scientific, Stryker Corporation, Medtronic PLC (Ireland), Rapid Medical, Acandis GmbH, MicroPort Scientific Corporation, etc.