Neurological disorders are an important cause of mortality and account for almost 12% of the total number of deaths globally. Of these, cerebrovascular diseases are responsible for 85% of the deaths reported. In addition, a rise in the world’s ageing population and an increasing awareness of neurological disorders has triggered the growth of this industry. The growing burden of these diseases on the healthcare system coupled with uncertain economic conditions in the U.S. and Europe has compelled OEMs to introduce cost effective devices for the treatment of neurological disorders. Tax reforms along with increased regulatory compliance norms introduced by several countries are restraining the growth and profitability of companies in this sector.
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Neurology Devices Market - An Overview of Growth Factors 2013 - 2019
1. Transparency Market
Research
Neurology Devices Market
- Global Industry Analysis,
Size, Share, Growth,
Trends and Forecast, 2013
- 2019
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Global Neurology Devices Market is Expected to Reach USD 13.6
Billion Globally in 2019: Transparency Market Research
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Published Date
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According to a new market report published by Transparency Market Research "Neurology Devices Market
(CSF Shunts, CSF Drainage, Clot Retriever, Snare, Embolic Coil, Flow Diversion, Neurosurgery &
Neurostimulation Devices) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 -
2019," the global neurology devices market was valued at USD 5.0 billion in 2012 and is expected to
grow at a CAGR of 15.4% from 2013 to 2019, to reach an estimated value of USD 13.6 billion in 2019.
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at http://www.transparencymarketresearch.com/neurology-devices-market.html
Rising number of neurological disorders such ischemic stroke, Alzheimer's disease, Parkinsonism,
glioblastomas (brain cancer), multiple sclerosis and trauma are primary factors responsible for the growth
of neurological devices market. Moreover, rise in geriatric and obese population along with augmented
demand for minimally invasive surgery techniques have boosted the overall growth of this market. In
addition, preference of patients to adopt neurological devices over drugs has been a growing trend, owing
to lack of effectiveness and considerable side effects of these drugs.
Lack of reimbursement and unfavorable taxation policies of the U.S. and European governments have
negatively affected the growth of this market. Companies in these regions are now vying for growth in
emerging markets like India, China and Brazil. Rise in GDP and allocation of healthcare funds in emerging
markets such as Asia and Latin America are also aiding the growth. The major players in this industry are
also facing stiff competition from the regional manufacturers of these countries. However, significant R&D
and branding of these products is helping these companies in improving their bottom line. Companies are
heavily focusing on introducing innovative products that are easy to use for physicians as well as patients
and are aiming to make them more portable. The indomitable players of this market are Medtronic,
St.Jude, Boston Scientific, Covidien and Integra.
The neurostimulation devices market segment was valued to be the largest market and anticipated to
grow at the highest growth rate of over 15% from 2013 to 2019. The interventional neurology devices
market segment is also expected to foresee a healthy growth. The rise in interventional devices has been
attributed to rising incidence of aneurysms and stroke thus compelling the demand for these devices.
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The neurothrombectomy devices market was valued to be more than USD 60 million in 2012 and is
expected to grow at the highest growth rate of over 15% from 2013 to 2019 of the entire interventional
neurology market. Whereas, the sacral nerve stimulation market of the overall neurostimulation market is
expected to have a healthy growth rate of over 20% from 2013 to 2019. This growth is primarily
attributed to raise in demand for urinary and fecal incontinence devices.
Geographically the North American market accounted for the largest share of neurology devices and is
valued to be more than USD 3.0 billion in 2012. However, Asian countries namely India and China are
witnessing fast growth and are predicted to emerge as dominating markets in the near future owing to
rise in awareness of neurological diseases and increased disposable income in these nations.
The major players of this market include Medtronic, Integra, Covidien, Johnson and Johnson, St.Jude,
Boston Scientific and others.
The global neurology devices market is segmented as follows:
Neurology Devices Market, By Types
CSF Management Devices
o CSF Shunts
o CSF Drainage
Interventional Neurology Devices
o Neurothrombectomy
o Cerebral Balloon Angioplasty and Stents
o Aneurysm Coiling
o Neurovascular catheters
Neurosurgery Devices
o Neuroendoscopes
o Stereotactic Systems
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o Ultrasound Aspirators
o Aneurysm Clips
Neurostimulation Devices
o Spinal Cord Stimulation
o Vagus Nerve Stimulation
o Deep Brain Stimulation
o Sacral Nerve Stimulation
o Gastric Nerve Stimulation
Neurology Devices Market, by Geography
North America
Europe
Asia Pacific
Rest of the World (RoW)
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Chapter 1 Introduction
1.1 Report Description
1.1.1 Research Methodology
1.1.2 Sources
TABLE OF CONTENT
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1.1.2.1 Secondary Research
1.1.2.2 Primary Research
1.1.3 Assumptions
1.1.4 Market Segmentation
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Neurology Devices Market (2012 & 2019)
2.2 Global Neurology Devices Market, By Segments, 2012 (USD Million)
Chapter 3 Global Neurology Devices Market Dynamics
3.1 Introduction
3.1.1 Drivers
3.1.1.1 Technological Advances Driving the Growth
3.1.1.2 Aging Population Inducing Chronic Diseases such as Parkinson’s and Alzheimer’s
Disorders
3.1.1.3 Increasing Demand for Minimally Invasive Surgeries
3.1.1.4 Rising Number of Stroke Patients
3.1.2 Restraints
3.1.2.1 Rising Intricacies of Clinical Trials
3.1.2.2 Hospital Budget Constraints & Alternative Treatment Facilities
3.1.2.3 Implementation of the Affordable Healthcare For America Act, 2010
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3.2 Opportunities
3.2.1 Emerging Economies in Asia, Latin America and Eastern European Countries
3.3 Porter’s Five Forces Analysis for the Global Neurology Devices Market
3.3.1 Threat of New Entrants
3.3.2 Bargaining Power of Suppliers
3.3.3 Bargaining Power of Buyers
3.3.4 Threat of Substitutes
3.3.5 Competitive Rivalry
3.4 Market Attractiveness Analysis of the Global Neurology Devices Market, by Geography
Chapter 4 Global Neurology Devices Market, by Segments
4.1 Introduction
4.2 Cerebrospinal Fluid Management Devices Market
4.2.1 Cerebral Shunts
4.2.1.1 Global Cerebral Shunts Market Revenue, 2011 – 2019 (USD Million)
4.2.2 Cerebral External Drainage
4.2.2.1 Global Cerebral External Drainage Market Revenue, 2011 – 2019 (USD Million)
4.3 Interventional Neurology Devices Market
4.3.1 Neurothrombectomy Devices
4.3.1.1 Global Neurothrombectomy Devices Market Revenue, 2011 – 2019 (USD Million)
4.3.1.2 Clot Retrievers
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4.5.4 Vagus Nerve Stimulation Devices
4.5.4.1 Global Vagus Nerve Stimulation Devices Market Revenue, 2011 – 2019 (USD Million)
4.5.5 Gastric Electric Stimulation Devices
4.5.5.1 Global Gastric Electric Stimulation Devices Market Revenue, 2011 – 2019 (USD Million)
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Chapter 5 Neurological Devices Market, By Geography
5.1 Overview
5.1.1 Global Neurology Devices Market, By Geography, 2011 – 2019 (USD Million)
5.1.2 Comparative Analysis: Neurology Devices Market, By Geography, 2012 & 2019 (Value %)
5.2 North America
5.2.1 North America Neurology Devices Market, By Geography, 2011 – 2019 (USD Million
5.3 Europe
5.3.1 Europe Neurology Devices Market, By Geography, 2011 – 2019 (USD Million)
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5.4 Asia
5.4.1 Asia Neurology Devices Market, By Geography, 2011 – 2019 (USD Million)
5.5 Rest Of The World (Row)
5.5.1 Row Neurology Devices Market, By Geography, 2011 – 2019 (USD Million)
Chapter 6 Global Neurological Devices Market Share Analysis
6.1 Global Neurology Devices Market
6.1.1 Global Neurology Devices Market Share Analysis, By Key Players, 2012 (%)
6.2 Market Share Analysis By Key Players of Global CSF Management Devices Market, 2012 (%)
6.2.1 Global CSF Management Devices Market Analysis, By Key Players, 2012 (%)
6.3 Market Share Analysis By Key Players Of Global Interventional Neurology Market, 2012 (%)
6.3.1 Global Interventional Neurology Devices Market Analysis, By Key Players, 2012 (%)
6.4 Market Share Analysis By Key Players of Global Neurosurgery Devices Market, 2012 (%)
6.4.1 Global Neurosurgery Devices Market Analysis, By Key Players, 2012 (%)
6.5 Market Share Analysis By Key Players Of Global Neuromodulation Devices Market, 2012 (%)
6.5.1 Global Neuromodulation Market Analysis, By Key Players, 2012 (%)
Chapter 7 Recommendations
7.1 Success Strategies
7.1.1 Rigorous Research and Development (R&D) Initiatives
7.1.2 Investing in Emerging Economies
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7.2 Barriers to be Considered
7.2.1 High Cost of Investment
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Chapter 8 Company Profiles
8.1 B. Braun Melsungen AG
8.1.1 Company Overview
8.1.2 Financial Overview
8.1.3 Product Portfolio
8.1.4 Business Strategies
8.1.5 Recent Developments
8.2 Boston Scientific Corporation
8.2.1 Company Overview
8.2.2 Financial Overview
8.2.3 Product Portfolio
8.2.4 Business Strategies
8.2.5 Recent Developments
8.3 Covidien Plc
8.3.1 Company Overview
8.3.2 Financial Overview
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8.3.3 Product Portfolio
8.3.4 Business Strategies
8.3.5 Recent Developments
8.4 Integra Lifesciences Holding Corporation
8.4.1 Company Overview
8.4.2 Financial Overview
8.4.3 Product Portfolio
8.4.4 Business Strategies
8.4.5 Recent Developments
8.5 Johnson and Johnson
8.5.1 Company Overview
8.5.2 Financial Overview
8.5.3 Product Portfolio
8.5.4 Business Strategies
8.5.5 Recent Developments
8.6 Magstim Company, Ltd.
8.6.1 Company Overview
8.6.2 Product Portfolio
8.6.3 Business Strategies
8.6.4 Recent Developments
8.7 Medtronic, Inc.
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8.7.1 Company Overview
8.7.2 Financial Overview
8.7.3 Product Portfolio
8.7.4 Business Strategies
8.7.5 Recent Developments
8.8 St Jude Medical, Inc.
8.8.1 Company Overview
8.8.2 Financial Overview
8.8.3 Product Portfolio
8.8.4 Business Strategies
8.8.5 Recent Developments
8.9 Stryker Corporation
8.9.1 Company Overview
8.9.2 Financial Overview
8.9.3 Product Portfolio
8.9.4 Business Strategies
8.9.5 Recent Developments
8.10 W.L. Gore & Associates, Inc.
8.10.1 Company Overview
8.10.2 Product Portfolio
8.10.3 Business Strategies
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8.10.4 Recent Developments
8.11 Cyberonics, Inc.
8.11.1 Company Profile
8.11.2 Financial Overview
8.11.3 Product Portfolio
8.11.4 Business Strategies
8.11.5 Recent Developments
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