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Emerging Trends Influencing The Growth Of The Pediatric Neurology Device Market: Advancements In Pediatric Neurology Devices To Drive Revenues
Pediatric Neurology Device Market
How Big Is the Pediatric Neurology Device Market Size Expected to Be by 2034?
In recent times, the pediatric neurology device market has seen substantial growth. The market value, which stood at $2.5 billion in 2024, is set to increase to $2.67 billion in 2025, with a compound annual growth rate (CAGR) of 7.0%. This momentum in the historical period is due to factors such as a rise in awareness and early diagnosis, endorsement from the government for pediatric healthcare, partnerships in pediatric neuroscience research, improvements in the pediatric healthcare infrastructure, increased occurrence of pediatric neurological disorders, and patient advocacy and supporting groups.
In the coming years, the pediatric neurology device market is foreseen to experience robust expansion, with projections indicating a growth to $3.34 billion in 2029 and boasting a compound annual growth rate (CAGR) of 5.7%. Factors fueling this growth within the predicted period include a worldwide focus on children's health, the incorporation of personalized medicine, increased awareness for early intervention, worldwide health guidelines for children, and international cooperation in pediatric healthcare. The forecast period is also expected to see several trends such as advancements in wearable neurological monitoring apparatus, the incorporation of artificial intelligence in diagnostic equipment, the evolution of pediatric-specific neuromodulation devices, the broadening of telehealth and remote monitoring solutions, the unveiling of child-friendly neuroimaging technologies, and an emphasis on non-invasive and minimally invasive interventional methodologies.
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What Are the Emerging Segments Within the Pediatric Neurology Device Market?
The pediatric neurology device market covered in this report is segmented -
1) By Product Type: Neurostimulation Devices, Neurosurgery Devices, Interventional Neurology Devices, Cerebrospinal Fluid Management Devices, Other Types
2) By Condition: Stroke, Seizures, Hydrocephalus, Oncology, Other Conditions
3) By Service And Treatment: Electroencephalogram, Intrathecal Baclofen Therapy, Neurological Evaluations, Vagal Nerve Stimulation, Other Services And Treatments
4) By End User: Hospitals, Ambulatory Surgery Centers, Other End Users
Subsegments:
1) By Neurostimulation Devices: Deep Brain Stimulation (DBS) Devices, Transcranial Magnetic Stimulation (TMS) Devices, Vagus Nerve Stimulation (VNS) Devices, Spinal Cord Stimulation (SCS) Devices
2) By Neurosurgery Devices: Craniotomy Instruments, Surgical Navigation Systems, Brain Tumor Resection Devices, Endoscopic Neurosurgical Devices, Intracranial Pressure Monitoring Systems
3) By Interventional Neurology Devices: Catheters for Neurovascular Intervention, Neurovascular Stents, Embolization Devices, Thrombectomy Devices, Intracranial Aneurysm Coiling Systems
4) By Cerebrospinal Fluid Management Devices: Shunts ), External Ventricular Drainage Systems, Lumbar Drainage Systems
5) By Other Types: Pediatric EEG (Electroencephalogram) Devices, Pediatric MRI and CT Scanners, Pediatric Neurology Monitoring Systems, Neurodiagnostic Devices for Pediatrics
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What Long-Term Drivers Are Shaping Pediatric Neurology Device Market Trends?
The increasing incidence of autism in children is anticipated to escalate the expansion of the pediatric neurology devices market. Autism is a developmental disorder that affects a person's ability to understand and interact with others, impeding their communication and interaction skills. Pediatric neurology devices are employed to diagnose and treat children with autism, along with improving their quality of life, social abilities, cognitive and behavioral symptoms. For example, in March 2023, data from 11 communities in the Autism and Developmental Disabilities Monitoring (ADDM) Network in the US by the CDC, a US government organization, disclosed that one in 36 (2.8%) 8-year-old children have autism spectrum disorder (ASD). Thus, the mounting incidence of autism in children is fueling the growth of the pediatric neurology devices market. Pediatric Neurology Device Market Propulsion: Surge in Pediatric Patient Population Spurs Growth In Pediatric Neurology Device Market
Who Are the Top Competitors in Key Pediatric Neurology Device Market Segments?
Major companies operating in the pediatric neurology device market report are Johnson & Johnson Co, Abbott Laboratories, Medtronic PLC, Fujifilm Holdings Corporation, Siemens Healthineers AG, Koninklijke Philips NV, Stryker Corporation, GE HealthCare Technologies Inc., Baxter International Inc., Boston Scientific Corporation, B. Braun Melsungen AG, Zimmer Biomet Holding Inc., Terumo Corporation, Inova Health System, Masimo Corporation, KARL STORZ SE & Co. KG, Nihon Kohden Corporation, Integra LifeSciences Holdings Corp., Elekta AB, LivaNova PLC, Natus Medical Incorporated, Allengers Medical Systems Limited, Compumedics Limited, Cadwell Industries Inc., Spiegelberg GmbH & Co. KG, Elana Inc.
What Pediatric Neurology Device Market Trends Are Gaining Traction Across Different Segments?
Key players in the pediatric neurology device marketplace are creating innovative products, such as external trigeminal nerve stimulation devices, to expand their consumer base, boost sales and enhance revenue. An external trigeminal nerve stimulation device is a minimally intrusive medical treatment that employs a tiny electrical apparatus fixed to the forehead to deliver neuromodulation. For example, in October 2022, U.S. medical device entity, NeuroSigma Inc., introduced the Monarch external Trigeminal Nerve Stimulation (eTNS) System, meant to aid patients with attention-deficit/hyperactivity disorder (ADHD), ages 7 to 12, not currently on medication for the ailment. The standout feature of this device involves applying a small patch to the patient's forehead while they slumber. This delivers a minor electrical pulse to the trigeminal nerve. Clinical trial outcomes, assessed on the clinician-administered ADHD Rating Scale (ADHD-RS) score, showed a statistically significant improvement in ADHD symptoms, much more than a placebo, when treated with the eTNS device.
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Which Regions Are Becoming Hubs for Pediatric Neurology Device Market Innovation?
North America was the largest region in the pediatric neurology device market in 2024. The regions covered in the pediatric neurology device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Pediatric Neurology Device Market?
2. What is the CAGR expected in the Pediatric Neurology Device Market?
3. What Are the Key Innovations Transforming the Pediatric Neurology Device Industry?
4. Which Region Is Leading the Pediatric Neurology Device Market?
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