Neurological Devices Market Analysis, Size, Trends | Global | 2019-2025 | MedSuite

Neurological Devices Market Analysis, Size, Trends | Global | 2019-2025 | MedSuite

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  • Year: 2019
  • Scope: 2015-2025
  • Region: China, Europe, India, Japan, United States
  • Published Date: 09/04/2019
  • Pages: 2271
  • Type: MedSuite

Industry Trends

One of the major drivers for the neurological devices market is the patient and physicians demand for minimally invasive procedures. This has been driving the growth in aspiration thrombectomy and neurovascular stenting and the decline of and aneurysm clipping procedures treatments. With the growth in these markets, the market value for ubiquitous neurovascular guidewire is climbing. Access devices are becoming increasingly technologically advanced and various embolization devices have been released in recent years.

The largest segment of the neurological devices market is the neuromodulation devices segment. Neuromodulation devices command a high premium and there are many varieties which are growing in popularity since there are a wide variety of indications.

Report Regional Coverage

Throughout this research series, iData has covered several countries in great detail. Each country may be purchased as a stand-alone report, tailoring the data to your needs. The covered countries are:

    • United States
    • Europe (15 countries including: Germany, France, U.K., Italy, Spain, Benelux (Belgium, Netherlands and Luxembourg), Scandinavia (Denmark, Finland, Norway and Sweden) Austria, Switzerland and Portugal)
    • Japan
    • India
    • China

The Only Medical Device Market Research With:

Procedure Volume Data & Trends
Unit Sales Growth Analysis
Average Selling Prices
Competitor Shares by Segment & Country
 SKU-Level Research Methods
 The Lowest Acquisition Cost

Highly Detailed Segmentation

While this report suite contains all applicable neurological device market data, each of the market segments are also available as stand alone MedCore reports. This allows you to get access to only the neurological market research that you need. You can view these separate reports and segmentation here:

  • Procedure Numbers for Neurological Devices – MedPro
  • Market Report for Ultrasonic Aspirators – MedCore
  • Market Report for Neurovascular Stents – MedCore
  • Market Report for Neuromodulation Devices – MedCore
  • Market Report for Stereotactive Devices – MedCore
  • Market Report for Neurovascular Guidewires – MedCore
  • Market Report for Neuroendoscopes – MedCore
  • Market Report for Neurovascular Catheters – MedCore
  • Market Report for Mechanical Thrombectomy Devices – MedCore
  • Market Report for Liquid Embolics – MedCore
  • Market Report for Intrathecal Pumps – MedCore
  • Market Report for Transcranial Magnetic Stimulators – MedCore
  • Market Report for Detachable Coils – MedCore
  • Market Report for Cerebrospinal Fluid Management – MedCore
  • Market Report for Balloon Occlusion Devices – MedCore
  • Market Report for Aneurysm Clips – MedCore

Buying all of these reports together in this suite package will provide you with substantial discounts from the separate prices. Request Pricing to Learn More

Full Segmentation Map for the United States

Data Types Included

  • Unit Sales, Average Selling Prices, Market Value & Growth Trends
  • Procedure Volume Analysis and Trends
  • 10 Year Scope and Forecast Range
  • Market Drivers & Limiters for Each Segment
  • Competitive Analysis with Market Shares for Each Segment
  • Recent Mergers & Acquisitions
  • Disease Overviews and Demographic Information
  • Company Profiles and SWOT for Top Competitors

Neurological Device Market Share Insights

In both the United States and European neurological device markets Medtronic leads the way. Their acquisition of Covidien in 2015 positioned the company as the biggest player in the medical device industry in the U.S. by almost doubling the size of the business. They report seeing strong growth opportunity in stroke treatment and the neurovascular division saw a signigicant percentage rise. They were the market leader in many of the neurological device market segments.

Other notable competitors in the neurological devices market include Boston Scientific, Abbott, and LivaNova. Of these, Boston Scientific holds the second spot behind Medtronic in the United States market. Boston Scientific offers multiple products in the Precision line of spinal cord stimulator systems including the MontageTM and the SpectraTM. The Montage is MRI compatible and the Spectra is designed for more coverage and more advanced control by controlling the amount of current to each contact.

All Companies Analyzed in this Study

  • Acandis
  • Accuray
  • Adeor Medical
  • ANT Neuro
  • Argon Medical
  • Arkis Biosciences
  • Asahi Intecc
  • Axonics
  • B. Braun
  • Balt
  • Beckersmith Medical
  • BTG
  • Boston Scientific
  • Brainlab
  • Brainsway
  • Cardinal Health
  • Cerenovus
  • Covidien
  • Cordis
  • Dispomedica
  • Embolix
  • ElectroCore Medical
  • Elekta
  • Emboflu
  • EnteroMedics
  • ET Medical Group
  • FHC
  • Flowonix
  • GE Medical Systems
  • Greatbatch Medical
  • Haag-Streit
  • Heraeus
  • ICU Medical
  • Innerspace Medical
  • InoMed
  • Integra LifeSciences
  • IntraPace
  • Kaneka Medical Products
  • Karl Storz
  • Leica
  • LivaNova
  • MAG & More
  • Magstim
  • MagVenture
  • Meagan Medical Inc.
  • Medtrode Inc.
  • Medtronic
  • Merit
  • MHT
  • Microbot Medical
  • MicroPort
  • MicroVention
  • Micrus Endovascular
  • Misonix
  • Mizuho America
  • Mizuho Ikakogyo Co., Ltd
  • Moëller Wedel
  • Monteris Medical
  • MRC
  • Navimetric
  • Neuravi
  • Neuronetics
  • NeuroPace
  • Neuromedex
  • Neurosoft
  • Nevro
  • Nexstim
  • NextGen Medicla System
  • NICO Corporation
  • Nuvectra
  • Olympus
  • Penumbra Inc.
  • Peter Lanzic
  • Phenox
  • Raumedic
  • Renishaw
  • Saluda Medical
  • Scientia Vascular
  • Soering
  • Sophysa
  • SAI Infusion Technologies
  • Spiegelberg
  • St. Jude Medical
  • StimWave
  • Stryker
  • Terumo MicroVention
  • Tokai Medical Product
  • Tricumed
  • Teleflex
  • Vascular Solutions

Neurological Device Statistics and Procedure Trends

In the United States, there are over 600,000 neurological device procedures performed annually. Of these, the largest segment is the peripheral neurostimulator implantaion procedures, which are a kind of peripheral nerve stimulation procedure, with close to 200,000 procedures performed annually.

In 2018, nearly 115,000 neurological device procedures were conducted across Europe. This analysis will include procedures associated with cerebrospinal fluid (CSF) shunting, interventional aneurysm treatments, aspiration thrombectomy, neuromodulation generator and intrathecal pump implantation procedures. The volume of these procedures will continue to grow with the market over the forecast period.

One of the the most accurate methods of market research in the medical device industry is to analyze the procedure volumes and trends. Through this study on neurological devices, iData Research has performed an analysis on the following procedure segments in order to increase the accuracy of our market sizing, and provide you with the volume of procedures over a 10 year range. While the below market segmentation map is representative of the United States, procedure volume data is also provided for the other regions within this complete series.

iData’s 9-Step Research Methodology

Our reports follow an in-depth 9-step methodology which focuses on the following research systems:

  • Original primary research that consists of the most up-to-date market data
  • Strong foundation of quantitative and qualitative research
  • Focused on the needs and strategic challenges of the industry participants

Step 1: Project Initiation & Team Selection During this preliminary investigation, all staff members involved in the industry discusses the topic in detail.

Step 2: Prepare Data Systems and Perform Secondary Research The first task of the research team is to prepare for the data collection process: Filing systems and relational databases are developed as needed.

Step 3: Preparation for Interviews & Questionnaire Design The core of all iData research reports is primary market research. Interviews with industry insiders represent the single most reliable way to obtain accurate, current data about market conditions, trends, threats and opportunities.

Step 4: Performing Primary Research At this stage, interviews are performed using contacts and information acquired in the secondary research phase.

Step 5: Research Analysis: Establishing Baseline Estimates Following the completion of the primary research phase, the collected information must be synthesized into an accurate view of the market status. The most important question is the current state of the market.

Step 6: Market Forecast and Analysis iData Research uses a proprietary method to combine statistical data and opinions of industry experts to forecast future market values.

Step 7: Identify Strategic Opportunities iData analysts identify in broad terms why some companies are gaining or losing share within a given market segment.

Step 8: Final Review and Market Release An integral part of the iData research methodology is a built-in philosophy of quality control and continuing improvement is integral to the iData philosophy.

Step 9: Customer Feedback and Market Monitoring iData philosophy of continuous improvement requires that reports and consulting projects be monitored after release for customer feedback and market accuracy.

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