Neurological Devices Market Analysis, Size, Trends | Global | 2017-2023 | MedSuite
- Year: 2017
- Scope: 2013-2023
- Region: China, Europe, India, Japan, United States
- Published Date: 01/04/2017
- Pages: 2271
- Type: MedSuite
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 interventional neuroradiology and neuroendoscopy. This has led to procedural growth in endovascular embolization treatments and a decline in aneurysm clipping procedures treatments. 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)
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 Neurological Microscopes – 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 Intracranial Pressure Monitoring Devices – 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
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 Europe, approximately 150,000 neurological device procedures are conducted across Europe annually. This includes
cerebrospinal fluid shunting, neurovascular embolization, intracranial stenting, neurovascular guidewires and neuromodulation procedures. These procedures will continue to grow at over the forecast period to approach 175,000 procedures performed by 2023.
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