Neurological Devices Market at a CAGR of 13.5% Rising Enterprise Efficiency and Dominated by Top Competitors (B Braun Melsungen AG, Boston Scientific, Stryker, Medtronic, Abbott, Microport) and Global Forecast to 2023

Marketprognosis.com Publish a New Market Research Report On “Global Neurological Devices Market 2019 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Neurological Devices Market:

The report spread across 111 pages is an overview of the Global Neurological Devices Market. These report study based on the Neurological Devices Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies.

The Global Neurological Devices Market is expected to witness a CAGR of around 13.5% during the forecast period (2019 - 2023). The increase in the prevalence of cerebral stroke and other severe disorders such as Alzheimer’s disease, epilepsy, and Parkinson’s is expected to fuel the demand for neurology devices thereby driving the industry.

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According to the National Center for Health Statistics of the Centers for Disease Control and Prevention (CDC), 84,767 people died due to Alzheimer’s in 2013. Nearly 80% of the people with epilepsy live in low and middle-income countries, and individuals with epilepsy respond to treatment approximately 70% of the time. Approximately 50 million people worldwide have epilepsy, making it one of the most common neurological diseases globally. In high-income countries, annual new cases are between 30 and 50 per 100,000 people in the general population, and in low- and middle-income countries, this figure can be up to two times higher. Hence, the increasing prevalence of neurological disorders is creating a demand for the early diagnosis of these diseases.

Due to the stringent regulations, the approval of the medical devices by the Food and Drug Administration (FDA) depends upon the Class. The majority of the neurological devices have been classified under class II and class III. Class II devices include neurostimulators, aneurysm clips, etc., and Class III devices include deep brain stimulators and medical devices for the treatment of brain tumors. The approval of class III medical devices is complicated and may take 36 months or more depending on the extent of clinical trials. The delay in regulatory approvals is a major challenge faced by the companies involved in the manufacture of neurological devices and is likely to hinder the market of the neurological devices. The high cost of equipment is also one of the restraining factors in the market.

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North America dominates the market and is expected to hold the largest market share due to the significant adoption of neurovascular devices among neurosurgeons, favorable reimbursement scenario, high presence of device manufacturers in the region, and availability of important R&D investments. Asia-Pacific is also expected to witness a lucrative growth due to the growing medical expenditures in the emerging economies, such as India and China.

Major Key Players:

1 B. Braun Melsungen AG

2 Boston Scientific

3 Stryker Corporation

4 Medtronic, Inc.

5 Abbott

6 Johnson and Johnson

7 Smith & Nephew

8 Microport and More…………..

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Neurological Devices Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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