Neurology devices are designed to aid diagnose, prevent, monitor and treat a variety of neurological disorders and conditions such as Parkinson's disease, Alzheimer's disease, epilepsy, major depression, spinal cord and traumatic brain injuries.
The top five companies covered are Medtronic Plc, Abbot Laboratories, B. BraunMelsungen AG, Stryker Corporation and LivaNova. Medtronic Plc was the largest company in the neurology devices market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Neurology Devices Global Market Size
The global neurology devices market was valued at around $8 billion in 2017. Asia Pacific was the largest region in the neurology devices market in 2017, accounting for around 34% of the total market. The USA was the largest country in the market in 2017, accounting for around 23% of the total market.
Neurology Devices Global Market Trend
Wearable technology innovations are a new trend in the neurology device market. Wearable technology helps monitor symptoms automatically and also predicts some serious conditions such as seizures and disease progression before the patient is aware of them. These devices can collect health related data at any time and anywhere and thus are useful in monitoring or diagnosing several kinds of neurological disorders such as Parkinson’s disease, multiple sclerosis and epilepsy and also helpful to neurologists treating those patients.
Neurology Devices Global Market Segmentation
The neurology devices market is segmented into Cerebrospinal Fluid Management (CSF) Devices, Interventional Neurology or Neurovascular Devices, Neurosurgery Devices and Neurostimulation Devices.
Cerebrospinal Fluid Management (CSF) Devices are used in the treatment of hydrocephalus, a condition of excessive accumulation of CSF within the head. Based on the product type, these devices are classified into CSF shunts and CSF drainage systems.
Interventional Neurology or Neurovascular Devices are used to treat neurovascular diseases such as aneurysms, arteriovenous malformations, cavernous malformations and stroke.
Neurosurgery Devices are used to perform neurosurgical procedures that are concerned with diagnosis, prevention and treatment of disorders affecting any portion of the nervous system.
Neurostimulation Devices include microelectrodes, neurostimulators, spinal cord stimulators, deep brain stimulators, gastric electrical stimulator, transcranial magnetic stimulators, and sacral?and vagus nerve stimulaters.