Please Wait.....
Report
Neurology Devices: Global Markets
Market Research Report I 2023-12-11 I 102 Pages I BCC Research
Description
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 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
Executive Summary
Summary:
The global neurology devices market was valued at $REDACTED billion in 2022. The market is expected to reach $REDACTED billion by the end of 2028, growing at a compound annual growth rate (CAGR) of REDACTED% over the forecast period.
The increasing prevalence of neurological disorders, technological advancements in the field of neurology and growing healthcare expenditure are the major factors driving the growth of this market.
- Aging Population: The growing worldwide elderly population is a significant driver of the neurology devices market. Neurodegenerative diseases (such as Alzheimer's and Parkinson's) and cerebrovascular diseases (stroke, aneurysms, stenosis) occur very frequently in older adults. This creates a need for neurology devices as they can both offer an accurate diagnosis of these diseases and monitor a patient's progress through the treatment process.
- The increasing prevalence of neurological disorders such as Alzheimer's disease, Parkinson's disease, stroke, epilepsy and multiple sclerosis result in a substantial disease burden. The rising prevalence of these conditions and the increasing number of patients resistant to medication drive the demand for neurology devices. These devices help with early diagnosis and provide effective personalized treatment and monitoring.
- Technological advancements are a significant driving factor fueling the growth of the neurology devices market. Technological advancements are instrumental in developing sophisticated and effective neurology devices to provide precision diagnostics, timely treatment and monitoring in order to improve patient outcomes and quality of life.
- Growing awareness among individuals and healthcare professionals of the early symptoms of neurological disorders helps with early diagnosis and effective management and treatment of these conditions. Patients who are aware of these diseases are more likely to seek medical attention at the onset of symptoms. Accurate diagnosis at early stages often requires the use of neurological devices
- Increasing research and development (R&D) investments drive the neurology devices market by leading to the development of advanced technologies that are more accurate, reliable and userfriendly in terms of diagnosing and treating neurological disorders. R&D efforts also expand the scope of neurological indications for treatment, and this ultimately increases the capabilities of neurological diagnostic and treatment devices.
Table of Contents
Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Methodology
Information Sources
Primary Research
Secondary Research
Geographic Breakdown
Segmentation Breakdown
Chapter 2 Summary and Highlights
Market Outlook
Highlights of the Neurology Devices Market
Chapter 3 Market Background and Definitions
Overview
Neurology Devices
Neurosurgical Devices
Neuromodulation Devices
Neurovascular Devices
Neurodiagnostic Equipment
Diseases Background
Stroke
Parkinson's Disease
Alzheimer's Disease
Epilepsy and Seizures
Carotid Artery Disease
Cerebral Aneurysms
Tremors
Multiple Sclerosis
Depression
Chapter 4 Market Trends
Market Drivers
Aging Population
Neurology Disorders and Cancer Cases by Country
Penetration of Neurology Devices in Emerging Markets
Market Opportunity
Market Restraints
Chapter 5 Market Breakdown by Product Type
Overview
Neurosurgical Devices
Neuromodulation Devices
Neurovascular Devices
Neurodiagnostic Devices
Chapter 6 Market Breakdown by Region
Overview
North America
Latin America
Europe
Asia-Pacific
Rest of the World
Chapter 7 Emerging Trends/Technologies in the Neurology Devices Market
Overview
AI in Neurology
Wearable Neurology Devices
Precision Radiotherapy in Neurology
Stereotactic Radiosurgery
Stereotactic Body Radiation Therapy
Brain-Computer Interfaces (BCIs)
Chapter 8 Sustainability in Neurology Devices Market: An ESG Perspective
Overview
Introduction to ESG
Environmental Factors
Social Factors
Governance Factors
Neurology Devices Market ESG Performance Analysis by Company
Consumer Attitude Towards ESG in the Neurology Devices Market
Conclusion
Chapter 9 Pipeline Analysis
Clinical Trials Scenario
Chapter 10 Competitive Landscape
Industry Scenario
Company Shares
Chapter 11 Company Profiles
ABBOTT
AXONICS INC.
BOSTON SCIENTIFIC CORP.
B. BRAUN SE
DANAHER CORP.
ELEKTA
GE HEALTHCARE
INTEGRA LIFESCIENCES
JOHNSON & JOHNSON SERVICES INC.
KONINKLIJKE PHILIPS N.V.
LIVANOVA PLC
MEDTRONIC PLC
NATUS MEDICAL INC.
NEVRO CORP.
NIHON KOHDEN CORP.
PENUMBRA INC.
STRYKER CORP.
SIEMENS HEALTHCARE GMBH
TERUMO MEDICAL CORP.
Chapter 12 Appendix: Acronyms
List of Tables
Summary Table : Global Market for Neurology Devices, by Product Type, Through 2028
Table 1 : Global Population, Aged 60 Years and Older, 2017-2050
Table 2 : Prevalent Cases of Brain and Central Nervous System Cancer, by Country, 2015-2030
Table 3 : Prevalent Cases of Parkinson's Disease, by Country, 2015-2030
Table 4 : Prevalent Cases of Ischemic Stroke, by Country, 2015-2030
Table 5 : Prevalent Cases of Idiopathic Epilepsy, by Country, 2015-2030
Table 6 : Prevalent Cases of Alzheimer's and Dementia, by Country, 2015-2030
Table 7 : Global Market for Neurology Devices, by Product Type, Through 2028
Table 8 : Global Market for Neurosurgical Devices, by Region, Through 2028
Table 9 : Global Market for Neuromodulation Devices, by Region, Through 2028
Table 10 : Global Market for Neurovascular Devices, by Region, Through 2028
Table 11 : Global Market for Neurodiagnostic Devices, by Region, Through 2028
Table 12 : Global Market for Neurology Devices, by Region, Through 2028
Table 13 : North American Market for Neurology Devices, by Country, Through 2028
Table 14 : Latin American Market for Neurology Devices, by Country, Through 2028
Table 15 : European Market for Neurology Devices, by Country, Through 2028
Table 16 : Asia-Pacific Market for Neurology Devices, by Country, Through 2028
Table 17 : RoW Market for Neurology Devices, Through 2028
Table 18 : Medtronic: ESG Performance
Table 19 : Medtronic: ESG Goals
Table 20 : Abbott: ESG Performance
Table 21 : Terumo: ESG Performance
Table 22 : Selected Neuromodulation Devices in Clinical Trials, as of 2023
Table 23 : Abbott: Neurostimulation Product Portfolio
Table 24 : Axonics Inc.: News, 2023
Table 25 : Axonics Inc.: Product Portfolio
Table 26 : Boston Scientific Corp.: News, 2023
Table 27 : Boston Scientific Corp.: Product Portfolio
Table 28 : B. Braun Se: Neurodevice Product Portfolio
Table 29 : Danaher Corp.: Company Financials, 2022
Table 30 : Danaher Corp.: Product Portfolio
Table 31 : Elekta: Product Portfolio
Table 32 : Natus Medical Inc.: Product Portfolio
Table 33 : Nihon Kohden Corp.: Product Portfolio
Table 34 : Penumbra Inc: Neurovascular Product Portfolio
Table 35 : Stryker: Business Segments
Table 36 : Siemens Healthineers: Product Portfolio
Table 37 : Acronyms Used in this Report
List of Figures
Summary Figure A : Global Market for Neurology Devices, by Product Type, 2020-2028
Summary Figure B : Global Market Shares of Neurology Devices, by Product Type, 2022
Figure 1 : Global Market for Neurology Devices, by Product Type, 2020-2028
Figure 2 : Global Market Shares of Neurology Devices, by Product Type, 2022
Figure 3 : Global Market for Neurosurgical Devices, by Region, 2020-2028
Figure 4 : Global Market for Neuromodulation Devices, by Region, 2020-2028
Figure 5 : Global Market for Neurovascular Devices, by Region, 2020-2028
Figure 6 : Global Market for Neurodiagnostic Devices, by Region, 2020-2028
Figure 7 : Global Market Shares of Neurology Devices, by Region, 2022
Figure 8 : North American Market Shares of Neurology Devices, by Country, 2022
Figure 9 : Latin American Market Shares of Neurology Devices, by Country, 2022
Figure 10 : European Market Shares of Neurology Devices, by Country, 2022
Figure 11 : Asia-Pacific Market Shares of Neurology Devices, by Country, 2022
Figure 12 : Emerging Trends and Technologies in the Neurology Devices Market
Figure 13 : Medtronic: Greenhouse Gas Emissions, 2020-2022
Figure 14 : Medtronic: Water Use, 2020-2022
Figure 15 : Medtronic: Total Waste Generated, 2020-2022
Figure 16 : Global Neurology Devices, Company Share, 2022
Figure 17 : Global Neurosurgical Devices, Company Share, 2022
Figure 18 : Global Neuromodulation Devices, Company Share, 2022
Figure 19 : Global Neurovascular Devices, Company Share, 2022
Figure 20 : Global Neurodiagnostic Devices, Company Share, 2022
Figure 21 : Abbott: Diagnostics Division, Net Revenue, 2020-2022
Figure 22 : Abbott: Market Share, by Business Segment, 2022
Figure 23 : Axonics Inc.: Net Revenue, 2020-2022
Figure 24 : Axonics Inc.: Market Share, by Business Segment, 2022
Figure 25 : Axonics Inc.: Sales Share, by Region, 2022
Figure 26 : Boston Scientific Corp.: Net Revenue, 2020-2022
Figure 27 : Boston Scientific Corp.: Market Share, by Business Segment, 2022
Figure 28 : B. Braun Se: Net Revenue, 2020-2022
Figure 29 : Danaher Corp.: Revenue Share, by Business Segment, 2022
Figure 30 : Danaher Corp.: Revenue Share, by Region, 2022
Figure 31 : Integra LifeSciences: Net Revenue, 2020-2022
Figure 32 : Integra LifeSciences: Market Share, by Business Segment, 2022
Figure 33 : LivaNova Plc: Neuromodulation Sales Share, by Region, 2022
Figure 34 : Nevro Corp.: Net Revenue, 2020-2022
Figure 35 : Nevro Corp.: Sales Share, by Region, 2022
Figure 36 : Penumbra: Net Revenue, 2020-2022
Figure 37 : Penumbra: Neuro Products Revenue, 2020-2022
Figure 38 : Stryker: Net Revenue, 2020-2022
Figure 39 : Stryker: Market Share, by Business Segment, 2022
Figure 40 : Siemens Healthineers: Net Revenue, 2020-2022
Figure 41 : Siemens Healthineers: Market Share, by Business Segment, 2022
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security