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Neurology Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global neurology devices market size reached US$ 11.38 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 18.72 Billion by 2027, exhibiting a growth rate (CAGR) of 8.30% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Neurology is a stream of medical science that deals with diseases and disorders of the nervous system. There are numerous types of devices that are widely used in neurology. For instance, sacral nerve stimulation devices function by sending electrical impulses to the targeted sacral nerves located in the lower back. On the other hand, cerebrospinal fluid management devices maintain the cerebrospinal fluid flow and drain excess fluid from the brain. In line with this, interventional devices use radiology and catheters to diagnose the medical conditions present in the central nervous system, whereas deep brain stimulation devices aid in performing procedures by implanting a medical device that sends electrical impulses to specific target areas in the brain. These devices are instrumental in treating complex disorders. As a result, they find widespread applications in the treatment of numerous neurological disorders, such as obsessive-compulsive disorder, Parkinson's disease, dystonia, chronic pain, essential tremor, and major depression. 

 

 
 

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Neurology Devices Market Trends:

The market is primarily driven by considerable growth in the healthcare sector. In addition to this, the growing prevalence of neurological disorders across the globe is significantly contributing to the product demand. The increasing geriatric population and the rising incidences of neurovascular conditions, such as stroke, among the elderly are further propelling the adoption of neurology devices, thereby augmenting the growth of the market. Moreover, continual technological advancements in neurology devices and the widespread demand for minimally invasive (MI) surgeries are also acting as significant growth-inducing factors across the globe. Some of the other factors providing an impetus to the market growth include the expanding healthcare expenditure, huge investments made by global medical device manufacturers and extensive research and development (R&D) in the field of neurotherapy.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global neurology devices market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product and end user.

Breakup by Product:

 

 
 

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  • Neurostimulation Devices
  • Neurosurgery Devices
  • Interventional Neurology Devices
  • Cerebrospinal Fluid Management Devices
  • Others
     

Breakup by End User:

  • Hospitals
  • Ambulatory Surgery Centers
  • Neurology Clinics
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Abbott Laboratories, B. Braun, Boston Scientific Corporation, Integra LifeSciences, LivaNova PLC, Medtronic plc, Nihon Kohden Corporation, Penumbra Inc. and Stryker Corporation.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Abbott Laboratories, B. Braun, Boston Scientific Corporation, Integra LifeSciences, LivaNova PLC, Medtronic plc, Nihon Kohden Corporation, Penumbra Inc. and Stryker Corporation.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global neurology devices market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global neurology devices market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global neurology devices market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Neurology Devices Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product
    6.1    Neurostimulation Devices
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Neurosurgery Devices
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Interventional Neurology Devices
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Cerebrospinal Fluid Management Devices
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Others
        6.5.1 Market Trends
        6.5.2 Market Forecast
7    Market Breakup by End User
    7.1    Hospitals
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Ambulatory Surgery Centers
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Neurology Clinics
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Region
    8.1    North America
        8.1.1 United States
           8.1.1.1 Market Trends
           8.1.1.2 Market Forecast
        8.1.2 Canada
           8.1.2.1 Market Trends
           8.1.2.2 Market Forecast
    8.2    Asia-Pacific
        8.2.1 China
           8.2.1.1 Market Trends
           8.2.1.2 Market Forecast
        8.2.2 Japan
           8.2.2.1 Market Trends
           8.2.2.2 Market Forecast
        8.2.3 India
           8.2.3.1 Market Trends
           8.2.3.2 Market Forecast
        8.2.4 South Korea
           8.2.4.1 Market Trends
           8.2.4.2 Market Forecast
        8.2.5 Australia
           8.2.5.1 Market Trends
           8.2.5.2 Market Forecast
        8.2.6 Indonesia
           8.2.6.1 Market Trends
           8.2.6.2 Market Forecast
        8.2.7 Others
           8.2.7.1 Market Trends
           8.2.7.2 Market Forecast
    8.3    Europe
        8.3.1 Germany
           8.3.1.1 Market Trends
           8.3.1.2 Market Forecast
        8.3.2 France
           8.3.2.1 Market Trends
           8.3.2.2 Market Forecast
        8.3.3 United Kingdom
           8.3.3.1 Market Trends
           8.3.3.2 Market Forecast
        8.3.4 Italy
           8.3.4.1 Market Trends
           8.3.4.2 Market Forecast
        8.3.5 Spain
           8.3.5.1 Market Trends
           8.3.5.2 Market Forecast
        8.3.6 Russia
           8.3.6.1 Market Trends
           8.3.6.2 Market Forecast
        8.3.7 Others
           8.3.7.1 Market Trends
           8.3.7.2 Market Forecast
    8.4    Latin America
        8.4.1 Brazil
           8.4.1.1 Market Trends
           8.4.1.2 Market Forecast
        8.4.2 Mexico
           8.4.2.1 Market Trends
           8.4.2.2 Market Forecast
        8.4.3 Others
           8.4.3.1 Market Trends
           8.4.3.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 Market Trends
        8.5.2 Market Breakup by Country
        8.5.3 Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    Abbott Laboratories
           13.3.1.1 Company Overview
           13.3.1.2 Product Portfolio
           13.3.1.3 Financials
           13.3.1.4 SWOT Analysis
        13.3.2    B. Braun
           13.3.2.1 Company Overview
           13.3.2.2 Product Portfolio
           13.3.2.3 SWOT Analysis
        13.3.3    Boston Scientific Corporation
           13.3.3.1 Company Overview
           13.3.3.2 Product Portfolio
           13.3.3.3 Financials
           13.3.3.4 SWOT Analysis
        13.3.4    Integra LifeSciences
           13.3.4.1 Company Overview
           13.3.4.2 Product Portfolio
           13.3.4.3 Financials
           13.3.4.4 SWOT Analysis
        13.3.5    LivaNova PLC 
           13.3.5.1 Company Overview
           13.3.5.2 Product Portfolio
           13.3.5.3 Financials
        13.3.6    Medtronic plc
           13.3.6.1 Company Overview
           13.3.6.2 Product Portfolio
           13.3.6.3 Financials
           13.3.6.4 SWOT Analysis
        13.3.7    Nihon Kohden Corporation
           13.3.7.1 Company Overview
           13.3.7.2 Product Portfolio
           13.3.7.3 Financials
           13.3.7.4 SWOT Analysis
        13.3.8    Penumbra Inc.
           13.3.8.1 Company Overview
           13.3.8.2 Product Portfolio
           13.3.8.3 Financials
        13.3.9    Stryker Corporation
           13.3.9.1 Company Overview
           13.3.9.2 Product Portfolio
           13.3.9.3 Financials
           13.3.9.4 SWOT Analysis

List of Figures

Figure 1: Global: Neurology Devices Market: Major Drivers and Challenges
Figure 2: Global: Neurology Devices Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Neurology Devices Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Neurology Devices Market: Breakup by Product (in %), 2021
Figure 5: Global: Neurology Devices Market: Breakup by End User (in %), 2021
Figure 6: Global: Neurology Devices Market: Breakup by Region (in %), 2021
Figure 7: Global: Neurology Devices (Neurostimulation Devices) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: Neurology Devices (Neurostimulation Devices) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Neurology Devices (Neurosurgery Devices) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Neurology Devices (Neurosurgery Devices) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Neurology Devices (Interventional Neurology Devices) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Neurology Devices (Interventional Neurology Devices) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Neurology Devices (Cerebrospinal Fluid Management Devices) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Neurology Devices (Cerebrospinal Fluid Management Devices) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Neurology Devices (Other Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Neurology Devices (Other Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Neurology Devices (Hospitals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Neurology Devices (Hospitals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Neurology Devices (Ambulatory Surgery Centers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Neurology Devices (Ambulatory Surgery Centers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Neurology Devices (Neurology Clinics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Neurology Devices (Neurology Clinics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: North America: Neurology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: North America: Neurology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: United States: Neurology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: United States: Neurology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Canada: Neurology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Canada: Neurology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Asia-Pacific: Neurology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Asia-Pacific: Neurology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: China: Neurology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: China: Neurology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Japan: Neurology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Japan: Neurology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: India: Neurology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: India: Neurology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: South Korea: Neurology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: South Korea: Neurology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Australia: Neurology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Australia: Neurology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Indonesia: Neurology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Indonesia: Neurology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Others: Neurology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Others: Neurology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Europe: Neurology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Europe: Neurology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Germany: Neurology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Germany: Neurology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: France: Neurology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: France: Neurology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: United Kingdom: Neurology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: United Kingdom: Neurology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Italy: Neurology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Italy: Neurology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Spain: Neurology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Spain: Neurology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Russia: Neurology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Russia: Neurology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Others: Neurology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Others: Neurology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Latin America: Neurology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Latin America: Neurology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Brazil: Neurology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Brazil: Neurology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Mexico: Neurology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Mexico: Neurology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Others: Neurology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Others: Neurology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Middle East and Africa: Neurology Devices Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Middle East and Africa: Neurology Devices Market: Breakup by Country (in %), 2021
Figure 71: Middle East and Africa: Neurology Devices Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Global: Neurology Devices Industry: SWOT Analysis
Figure 73: Global: Neurology Devices Industry: Value Chain Analysis
Figure 74: Global: Neurology Devices Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Neurology Devices Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Neurology Devices Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 3: Global: Neurology Devices Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 4: Global: Neurology Devices Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Neurology Devices Market: Competitive Structure
Table 6: Global: Neurology Devices Market: Key Players


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