The global neurological devices market was valued at $9,242.67 million in 2018, and is expected to reach $ 17,410.40 million by 2026, registering a CAGR of 8.1% from 2019 to 2026. The Market report’s main goal is to impart industry knowledge and assist our clients in achieving organic growth in their specialized industries. For businesses and people interested in a certain industry or field, this research should be seen as a valuable source of information and guidance as it provides critical statistics on the global market status of the Market manufacturers. The primary accomplishment of this research is to provide strategic insight to businesses in this sector. Neurovascular devices such as cerebrospinal fluid management devices and interventional devices majorly find their application in the treatment of neurological disorders, including Alzheimer’s, tumors, depression, and stroke. Moreover, there are various other devices or instruments used for the treatment of neurological diseases such as catheters, stents, ultrasonic aspirators, and stereotactic system.
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The growth of the global neurology devices market is driven by significant rise in geriatric population across the globe, rise in demand for minimally invasive surgeries, and development of advanced neurological devices. In addition, increase in prevalence of neurological disorders across the globe propels the demand for neurology devices, thereby supplementing the growth of the global market. In addition, rise in geriatric population poses risk for increase in incidence of neurovascular disorders (such as stroke). However, enforcement of stringent government regulations toward the approval of these devices and lack of skilled neurosurgeons are the key factors anticipated to hamper the market growth. Conversely, the introduction of new products and technological advancements in neurological devices have aided in the efficient treatment of many neurovascular disorders, which is expected to provide lucrative opportunities for market expansion during the forecast period.
The global neurological devices market is segmented into product, end user, and region. By product, the market is categorized into neurostimulation devices, neurosurgery devices, interventional neurology devices, cerebrospinal fluid management devices, and others. Depending on end user, it is classified into hospitals, neurology clinics, and ambulatory care centers. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
? The study provides an in-depth analysis of the market along with the current trends and future estimations to elucidate the imminent investment pockets.
? It offers a quantitative analysis from 2018 to 2026, which is expected to enable the stakeholders to capitalize on prevailing market opportunities.
? Comprehensive analysis of four regions is provided to determine the prevailing opportunities.
? Key players are profiled, and their strategies are analyzed thoroughly to understand the competitive outlook of the global market.
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LIST OF KEY PLAYERS PROFILED IN THE REPORT
– Abbott Laboratories
– B. Braun Melsungen AG
– Boston Scientific Corporation
– Integra LifeSciences Holdings Corporation
– LivaNova PLC
– Johnson & Johnson
– Medtronic Plc
– Magstim Co Ltd.
– Penumbra, Inc.
– Stryker Corporation
KEY MARKET SEGMENTS
By Product
– Neurostimulation Devices
– Neurosurgery Devices
– Interventional Neurology Devices
– Cerebrospinal Fluid Devices
– Others
By End User
– Hospitals
– Neurology Clinics
– Ambulatory Care Centers
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By Region
– North America
o U.S.
o Canada
o Mexico
– Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
– Asia Pacific
o Japan
o China
o India
o Rest of Asia-Pacific
– LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA
Client Focus Area in this Report
Is the influence of COVID-19 and the Russia-Ukraine conflict on the global market taken into account in this report?
Yes. We have definitely taken COVID-19 and the Russia-Ukraine war into account throughout the research because of their significant effects on the global supply chain relationships and raw material price system. We also go into great detail about the effects of the pandemic and the war on the industry.
Can I change the report’s scope and make it my own to meet my needs?
Yes. Multidimensional, deep-level, and high-quality requirements that are specifically tailored to our customers can help them accurately grasp market opportunities, easily confront market challenges, properly formulate market strategies, and act quickly, giving them enough time and space for market competition.
How did the list of important players for the report come about?
We specifically study both the top businesses that are influential on a worldwide scale as well as the regional small and medium-sized businesses that play vital roles and have significant growth potential in order to clearly reflect the competitive condition of the industry.
What are the key sources of your data?
In putting together the report, both primary and secondary data sources were consulted. Comprehensive interviews with important thought leaders, subject-matter specialists (such as directors, CEOs, and marketing executives), downstream distributors, and end-users are examples of primary sources. Research of major firms’ annual and financial reports, public records, fresh journals, etc., are examples of secondary sources. We also collaborate with a few outside datasets.
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