Neurology Devices Market 2022 : Trends, Business Growth And Major Driving Factors | Medtronic Inc., Stryker Corporation, Boston Scientific Corporation, Integra LifeSciences, Abbott Laboratories, Hitachi Construction Machinery Co., Ltd.
According to The Business Research Company's Neurology Devices market report, the neurology devices market reached a value of nearly $11,849.6 million in 2020, having increased at a compound annual growth rate (CAGR) of 3.5% since 2015. The market is expected to grow at a CAGR of 10.2% from 2020 to reach $19,250.3 million in 2025. The global neurology devices market is expected to reach $28,170.8 million in 2030, at a CAGR of 7.9%.
The increase in patient pool due to rising geriatric population globally is expected to continue to drive the neurology devices market during the forecast period. Geriatric population suffering from neurology diseases such as dementia including Alzheimer's disease and Parkinson's disease constitutes the major clientele of hospitals providing neurology treatments. According to the Department of Economic and Social Affairs, United Nations, the number of people aged 65 and above is expected to increase to 1.5 billion by 2050. The geriatric population in general is more vulnerable to neurological diseases than the population below 65 years. For instance, dementia, a group of symptoms associated with a decline in memory or other thinking skills, mainly affects older people.
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The Neurology Devices market is segmented -
• By Type : Neurostimulation Devices, Neurosurgery Devices And Equipment, Interventional Neurology Devices And Equipment, Cerebrospinal Fluid Management (CSF) Devices And Equipment
• By Product : Instruments/Equipment, Disposables
• By Type Of Expenditure : Public, Private
• By End User : Hospitals And Clinics, Diagnostic Laboratories
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Neurology Devices market.
Major competitors in the Neurology Devices market include Medtronic Inc., Stryker Corporation, Boston Scientific Corporation, Integra LifeSciences, Abbott Laboratories, Hitachi Construction Machinery Co., Ltd.
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The neurology devices market consists of sales of neurology devices and related services by entities that manufacture neurology devices used to diagnose and treat neurological diseases. It consists of interventional neurology devices used to treat neurovascular diseases and neurosurgery devices.
The Table Of Content For The Neurology Devices Market Include:
1. Neurology Devices Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
24. Africa Neurology Devices Market
25. Global Neurology Devices Market Competitive Landscape
26. Key Mergers And Acquisitions In The Neurology Devices Market
27. Market Background: Medical Equipment Market
The Business Research Company's "Global Neurology Devices Opportunities And Strategies Market Report - Forecast To 2030" is the most comprehensive report available in market, providing data and statistics from over 60 geographies analyzed in more than 2500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. Additionally, it evaluates the market's historic and projected growth and identifies significant trends and strategies that can be used to outperform the competitors in the sector.
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