Pediatric Neurology Device Market Statistics for Upcoming Industry Trends Including High Volume Players - Elana, Inc., Ethicon Inc., Medtronic, St. Jude Medical, LLC Etc.

Pediatric Neurology is a branch of science referring to neurological disorders in children such as insomnia and frequent headaches. The prevalence of neurological disorders in children is rising rapidly. Neurological disorders are diseases of spine, brain, and nerves that connect them. Acknowledging the heightened accruals this market is witnessing currently, Market Research Future (MRFR), in its recently published study report, asserts that the Global Pediatric Neurology Device Market will register approximately 6.3% CAGR between 2017 -2023, valuing exponentially by 2023.

Pediatric Neurology Device Market - Key Players

Some of key the players in the market are Elana, Inc. (the Netherlands), Ethicon Inc. (U.S.), Inova Health System (U.S.), Medtronic (U.S.), The Nemours Foundation (U.S.), Stryker Corporation (U.S.), Boston Scientific Corporation (U.S.), B.Braun Melsungen AG (Germany), Integra LifeSciences Corporation (U.S.), St. Jude Medical, LLC (U.S.)

Pediatric Neurology Device Market - Segmentations

The Global Pediatric Neurology Devices Market is segmented on the basis of type, service and treatment, neurological subspecialties, age group, and end user

By type, the global market is segmented into neurosurgery devices, neurostimulator, cerebrospinal fluid (CSF) management devices, and others.

On the basis of service and treatment, it is segmented into electroencephalogram, intrathecal baclofen therapy, neurological evaluations, vagal nerve stimulation, and others.

On the basis of the neurological subspecialties, it is segmented into neuro-oncology, neuromuscular, neonatal neurology, neuro-immunology, stroke, and others.

On the basis of the age group, it is segmented into neonates, infants, children, and adolescents

On the basis of the end user, it is segmented into hospitals, healthcare centers, neurological research centers, and others.

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Pediatric Neurology Device Market – Highlights

The Pediatric Neurology sector has been witnessing the emergence of many advent devices over the past few years that are offering effective outcomes. As a result, the global pediatric neurology device market is increasing pervasively. Factors such as the increasing prevalence of neurological disorders in children are fueling the market growth to an extent. Also, the risk factors for these disorders are speeding up the market growth, creating the demand for the better diagnostic and treatment methods.

Approx. 600 diseases of the nervous system are present across the world. However, there are many devices introduced by the market players for the diagnosis and treatment of neurological disorders in children. Neurological disorders are either lower risk disorders or major risk disorders. Lower risk disorders include insomnia, delayed speech, poor muscle tone, and frequent headaches, whereas major risk disorders include head and spinal cord trauma, infections or inflammatory processes, neuro-genetic disorder, epilepsy, seizures, and others.

Moreover, the government of developing countries are looking forward to adopting advanced technology from the developed nations to improve the quality of life of their citizen and also support the launch of medical devices for treating and helping children with neurological disorders. However, the high cost associated with monitoring and diagnosis of the neurological diseases may restrain the market growth.

Pediatric Neurology Device Market - Regional Analysis

The Americas dominate the market owing to the rising prevalence of disease such as depression, epilepsy, and migraine, high healthcare spending, and increasing government support for research & development. According to a report published by the Centers for Disease Control and Prevention in 2017, more than 470,000 children below 17 years have epilepsy. Additionally, According to the Migraine Research Foundation, (2014), migraine was the 3rd most prevalent illness in the world. Nearly 1 in 4 U.S. households includes a migraine patient.

Europe holds the second position in the market owing to the government support for research & development and availability of funds for research. Moreover, people of this region have more healthcare awareness. This is expected to continue to drive the European market over the forecasted period.

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Asia Pacific is considering the huge market for pediatric neurology devices market players owing to the presence of huge patient population in countries like India and china. Moreover, high health care expenditure, adding the fuel to this market. Additionally, countries from this region looking forward to adopt advanced technology and treatment from developed nations to improve the quality of life for their citizen.

Whereas the Middle East and Africa are considering the low market due to incapability of investment and poor healthcare infrastructure.

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