Neurology Devices Market (2023) Size to Surpass US$ 20.0 Billion by 2028 | Industry Growth Rate (CAGR) 7.9%
The latest report published by IMARC Group, titled “Neurology Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market.
Market Overview:
The global neurology devices market size reached US$ 12.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 20.0 Billion by 2028, exhibiting a growth rate (CAGR) of 7.9% during 2023-2028.
Neurology devices are employed to diagnose, prevent, and treat nervous system disorders. They are used for the treatment of dementia, seizures, epilepsy, hyperactivity disorder, traumatic brain injury, neuro infections, and nervous system tumors. Some commonly used neurological devices include neurosurgery, neuro thrombectomy, neuro endoscopes, carotid artery systems, neurostimulation, embolic coils, stereotactic systems, cerebrospinal fluid management devices, interventional neurology devices, and aneurysm clips. They help treat medical conditions in the central nervous system and perform procedures by implanting medical devices. At present, neurology devices are widely adopted in hospitals, ambulatory surgery centers, and neurology clinics across the globe.
Request a Free PDF Sample for more detailed market insights: https://www.imarcgroup.com/neurology-devices-market/requestsample
Neurology Devices Market Trends and Drivers:
The market is primarily driven by the increasing incidences of neurological disorders, such as dementia, multiple sclerosis, epilepsy, migraine, Parkinson’s, and Alzheimer’s. In addition, the growing geriatric population and the expanding healthcare sector are contributing to the market growth.
Moreover, various technological advancements in neurology devices and the rising popularity of minimally invasive (MI) surgeries to treat complex and severe spine, neck, and brain disorders represent other major growth-inducing factors. Apart from this, the introduction of neuro endoscopes to remove intra-cranial tumors with safety and implantable restorative neurostimulation systems to treat intractable chronic lower back pain is providing a positive thrust to the market growth.
Furthermore, the extensive research and development (R&D) activities and mergers and acquisitions (M&A) among key players, increasing government initiatives to improve healthcare infrastructure, and rising product launches are other factors creating a favorable market outlook.
𝗖𝗵𝗲𝗰𝗸𝗼𝘂𝘁 𝗡𝗼𝘄: https://www.imarcgroup.com/checkout?id=6191&method=1
Global Neurology Devices Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Abbott Laboratories, B. Braun, Boston Scientific Corporation, Integra LifeSciences, LivaNova PLC, Medtronic plc, Nihon Kohden Corporation, Penumbra Inc. and Stryker Corporation.
The report has segmented the market on the basis of product and end user.
Breakup by Product:
• 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:
• 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
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/neurology-devices-market
If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Services Private Limited.
134 N 4th St.
Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
