Global Neurology Devices Market Opportunities And Strategies For Major Players In The Neurology Devices Market 2021-2030
5 Aug, 2021
The neurology devices market consists of sales of neurology devices and related services by entities that manufacture neurology devices used to diagnose and treat neurological diseases. It consists of interventional neurology devices used to treat neurovascular diseases and neurosurgery devices.
Global Neurology Devices Market Size And Drivers:
The global neurology devices market reached a value of nearly $11,849.6 million in 2020, having increased at a compound annual growth rate (CAGR) of 3.5% since 2015. The market is expected to grow at a CAGR of 10.2% from 2020 to reach $19,250.3 million in 2025. The global neurology devices market is expected to reach $28,170.8 million in 2030, at a CAGR of 7.9%. The increase in patient pool due to rising geriatric population globally is expected to continue to drive the neurology devices market during the forecast period.
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Trends In The Global Neurology Devices Market
Minimally invasive and non-invasive treatments with minimally invasive surgical devices are being practiced to treat neurological disorders. Electric pulses are being developed for the treatment of neurological and psychiatric disorders. For example, electroceuticals, low-powered electrical devices that are placed on the skin or implanted, are used to treat depression, mood disorders and Parkinson’s disease. Transcranial direct current stimulation (tDCS) is used to address chronic pain, schizophrenia and depression. Endovascular coiling is being widely used for treating aneurysms, as it does not require open brain surgery and can be carried out faster than conventional surgery.
Global Neurology Devices Market Segments:
The global neurology devices market is further segmented based on type, end user, type of expenditure, product and geography.
By Type: Cerebrospinal Fluid Management (CSF) Devices And Equipment, Interventional Neurology Devices And Equipment, Neurosurgery Devices And Equipment, Neurostimulation Devices
By End User: Hospitals And Clinics, Diagnostic Laboratories, Others
By Type of Expenditure: Public, Private
By Product: Instruments/Equipment, Disposables
Subsegments covered: CSF Drainage Systems, CSF Shunts, Aneurysm Coiling & Embolization Devices, Neurothrombectomy Devices, Angioplasty Devices, Interventional Neurology Support Devices, Neurosurgical Navigation Systems, Neurosurgical endoscopes, Aneurysm Clips, Stereotactic Systems, Other Neurosurgery Devices, Implantable Neurostimulation Devices, External Neurostimulation Devices
By Geography: The global neurology devices market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global neurology devices market, accounting for 30.8% of the total in 2020.
Read More On The Report For The Global Neurology Devices Market At:https://www.thebusinessresearchcompany.com/report/neurology-devices-global-market
Neurology Devices Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides neurology devices market overviews, analyzes and forecasts market size and growth for the global neurology devices market, neurology devices market share, neurology devices market players, neurology devices market segments and geographies, neurology devices market’s leading competitors’ revenues, profiles and market shares. The neurology devices market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.