Neurology Device Market Report: Trends, Forecast and Competitive Analysis to 2030

Neurology Device Trends and Forecast

The future of the global neurology device market looks promising with opportunities in the hospital and ambulatory surgery center markets. The global neurology device market is expected to reach an estimated $25.0 billion by 2030 with a CAGR of 7.8% from 2024 to 2030. The major drivers for this market are growing prevalence of neurological disorders, increasing demand for minimally invasive procedures, and rising demand for advanced imaging neurology device.

A more than 150-page report is developed to help in your business decisions.

Neurology Device by Segment

The study includes a forecast for the global neurology device by product, end use industry, and region.

Neurology Device Market by Product [Shipment Analysis by Value from 2018 to 2030]:

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

Neurology Device Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Hospitals
• Ambulatory Surgery Centers
• Neurology Clinics
• Others

Neurology Device Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Neurology Device Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies neurology device companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the neurology device companies profiled in this report include-

• Natus Medical
• Medtronic
• Livanova
• Johnson & Johnson
• Integra Lifesciences
• Zimmer Biomet
• Stryker
• Abbott Laboratories
• Boston Scientific
• B.Braun

Neurology Device Market Insights

Lucintel forecast that interventional neurology devices is expected to witness highest growth over the forecast period due to increasing adoption of this device to identify and treat brain and central nervous system vascular disorders.

Hospital will remain the largest segment due to presence of qualified healthcare professionals and specialized services and availability of modern medical technology.

North America is expected to witness highest growth over the forecast period due to growing prevalence of neurological disorders, robust improvement in the healthcare infrastructure, and presence of key players in this region.

Features of the Global Neurology Device Market

Market Size Estimates: Neurology Device Market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Neurology Device Market size by product, end use industry, and region. in terms of value ($B).

Regional Analysis: Neurology Device Market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different products, end use industries, and region.s for the neurology device market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the neurology device market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1. What is the neurology device market size?

Answer: The global neurology device market is expected to reach an estimated $25.0 billion by 2030.

Q.2. What is the growth forecast for neurology device market?

Answer: The global neurology device market is expected to grow with a CAGR of 7.8% from 2024 to 2030.

Q.3. What are the major drivers influencing the growth of the neurology device market?

Answer: The major drivers for this market are growing prevalence of neurological disorders, increasing demand for minimally invasive procedures, and rising demand for advanced imaging neurology device.

Q.4. What are the major segments for neurology device market?

Answer: The future of the neurology device market looks promising with opportunities in the hospital and ambulatory surgery center markets.

Q.5. Who are the key Neurology Device Market companies?

Answer: Some of the key neurology device companies are as follows:

• Natus Medical
• Medtronic
• LivaNova
• Johnson & Johnson
• Integra Lifesciences
• Zimmer Biomet
• Stryker
• Abbott Laboratories
• Boston Scientific
• B.Braun

Q.6. Which neurology device market segment will be the largest in future?

Answer: Lucintel forecast that interventional neurology devices is expected to witness highest growth over the forecast period due to increasing adoption of this device to identify and treat brain and central nervous system vascular disorders.

Q.7. In neurology device market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to growing prevalence of neurological disorders, robust improvement in the healthcare infrastructure, and presence of key players in this region.

Q.8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the neurology device market by product (neurostimulation devices, neurosurgery devices, interventional neurology devices, cerebrospinal fluid management devices, and others), end use industry (hospitals, ambulatory surgery centers, neurology clinics, and others), and region. (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?