Asia Pacific Neural Implants Market Share 2021: Global Trends, Key Players, Industry Analysis Report to 2027

The Asia-Pacific neural implants market is anticipated to grow at a healthy CAGR of 9.2% during the forecast period. Asia-Pacific accounted for the third-largest share in the global neural implants market. Some of the factors contributing to this region’s growth are the presence of a large pool of patient population, improvements in healthcare infrastructure, and increased healthcare expenditure. Further, the increasing prevalence of neurological diseases, including PD and other movement related disorders, and the aging population are the key factors boosting the growth of the neural implants market in the region. For instance, epidemiological studies reported, PD prevalence in the region is averaging 62 per 100,000 people. In addition, the Asia-Pacific region was estimated to have around 549 million people aged 60 years or over in 2019, which represents around 57% of the global elderly population. The percentage is projected to increase to 61% by 2050. Such a rapidly growing aging population are expected to have a higher risk of various neurological disorders, such as PD, and others, which will enhance the uptake of more neural implants.

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The Asia-Pacific neural implants market is segmented based on product, application, and end-user. Based on the product, the neural implants market is segmented deep brain stimulation (DCS), spinal cord stimulation (SCS), and vagus nerve stimulation (VNS). Based on application, the market is classified into Chronic Pain, Epilepsy, Parkinson's Disease (PD), and others (depression and other movement disorders). Based on end-user, the market is segmented into hospitals, outpatient surgery centers, and specialized neurological centers (SNCs). SCS product segment is estimated to be both, the largest and fastest growing segment for neural implants, during the forecast period.

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Country-wise, the market is segmented into China, Japan, India, and the Rest of Asia-Pacific. Japan is expected to be the largest market for neural implants in Asia-Pacific, followed by China and Rest of Asia-Pacific. Japan has a robust and global standard regulatory body and reimbursement structure for medical devices. The growing geriatric population in the country is one of the primary reasons for the market growth of neural implants. For instance, the country has the highest number of people above 65 years of age. According to Japan’s Internal Affairs Ministry’s 2017 survey, the total elderly population hit a record of 35.14 million, accounting for 27.7% of the country’s total population.

Market Segmentation
Asia-Pacific Neural Implants Industry Market by Product
• Deep Brain Stimulation (DCS)
• Spinal Cord Stimulation (SCS)
• Vagus Nerve Stimulation (VNS)

Asia-Pacific Neural Implants Market by Application
• Chronic Pain
• Epilepsy
• Parkinson's Disease (PD)
• Others (Depression and Other Movement Disorders)

Asia-Pacific Neural Implants Market by End-user
• Hospitals
• Outpatient Surgery Centers
• Specialized Neurological Centers (SNCs)

Regional Analysis
• China
• India
• Japan
• Rest of Asia-Pacific

Company Profiles
• Abbott
• Beijing PINS Medical Co., Ltd.
• Boston Scientific Corporation
• Medtronic
• Renishaw plc
• Saluda Medical Pty Ltd.
• SceneRay Co., Ltd.
• Synchron, Inc.*

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