Press release
Pediatric Neurology Device Market is Booming Worldwide at a Significant CAGR Rate of 7.8% & Revenue of $5.84 Billion by 2031
pediatric neurology device market
Neurological Disorders in Children: Neurological disorders among children have become a growing concern. Conditions such as epilepsy, cerebral palsy, neurodevelopmental disorders, and pediatric brain tumors require specialized diagnostic and therapeutic devices.
Diagnostic Devices: Diagnostic devices play a crucial role in pediatric neurology. They include electroencephalography (EEG) machines, magnetic resonance imaging (MRI) scanners, computed tomography (CT) scanners, and genetic testing equipment. These devices aid in the accurate diagnosis of neurological disorders in children.
Therapeutic Devices: Therapeutic devices are designed to treat pediatric neurological conditions and improve the quality of life for affected children. Examples include neurostimulation devices, drug delivery systems, and assistive devices for children with motor disabilities.
Technological Advancements: Advancements in technology have led to the development of innovative pediatric neurology devices. These include portable EEG monitors, non-invasive brain stimulation devices, smart implants, and neurofeedback systems. These advancements improve diagnostic accuracy, enhance treatment outcomes, and provide more personalized care for pediatric patients.
Collaborations and Partnerships: To drive innovation and expand their product offerings, companies in the pediatric neurology device market often engage in collaborations and partnerships. This enables them to combine their expertise and resources to develop new and improved devices.
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Market Drivers:
Increasing Prevalence of Pediatric Neurological Disorders: The prevalence of pediatric neurological disorders, such as epilepsy, autism spectrum disorders, attention-deficit/hyperactivity disorder (ADHD), and cerebral palsy, is on the rise. This growing patient population is driving the demand for advanced diagnostic and therapeutic devices.
Technological Advancements: Significant advancements in medical technology have resulted in the development of innovative pediatric neurology devices. These devices offer improved accuracy, efficiency, and safety in diagnosing and treating neurological conditions in children. Examples include advanced brain imaging techniques, minimally invasive surgical tools, and neurostimulation devices.
Market Segmentation:
Product Type:
a. Diagnostic Devices:
Electroencephalography (EEG) Machines
Magnetic Resonance Imaging (MRI) Scanners
Computed Tomography (CT) Scanners
Genetic Testing Equipment
Others (PET scanners, SPECT scanners, etc.)
b. Therapeutic Devices:
Neurostimulation Devices
Drug Delivery Systems
Assistive Devices (for motor disabilities)
Others (neurofeedback systems, neuroprosthetics, etc.)
Neurological Disorder:
Epilepsy
Cerebral Palsy
Autism Spectrum Disorders
Neurodevelopmental Disorders
Pediatric Brain Tumors
Others
End User:
Hospitals
Pediatric Clinics
Ambulatory Surgical Centers
Research Institutes
Others
Geography:
North America (United States, Canada)
Europe (United Kingdom, Germany, France, Italy, Spain, etc.)
Asia-Pacific (China, Japan, India, Australia, South Korea, etc.)
Latin America (Brazil, Mexico, Argentina, etc.)
Middle East & Africa
Age Group:
Neonates (newborns)
Infants
Toddlers
Preschoolers
School-Aged Children
Adolescents
Distribution Channel:
Direct Sales
Distributors/Wholesalers
Online Retailers
Others
These are just some of the possible segmentation approaches in the pediatric neurology device market. The actual segmentation may vary based on market research, industry practices, and specific market dynamics.
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Regional Growth Dynamics:
North America held the major share in 2021, garnering more than three-fifths of the global Pediatric Neurology Devices market revenue, and is expected to dominate by 2031. This is due to the prevalence of neurological disorders in North America. on the other hand, Asia-Pacific, would showcase the fastest CAGR of 9.2% from 2022 to 2031.
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Competitive Landscape:
Medtronic plc
Abbott Laboratories
Philips Healthcare
Natus Medical Incorporated
GE Healthcare
Siemens Healthineers
Nihon Kohden Corporation
LivaNova PLC
BrainScope Company, Inc.
Cadwell Industries, Inc.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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