Global Neurological Device Market Size, Share & Trends Analysis 2023-2029 MedSuite Includes: Neuromodulation Devices, Detachable Coils, Liquid Embolics, and 8 more

In 2022, the global market for neurological devices was valued at $9 billion, and it is projected to reach $13.5 billion at a CAGR of 6% during the forecast period.

The complete report suite covering the global neurological device market comprises various products, such as cerebrospinal fluid management devices, detachable coils, liquid embolics, neurovascular guidewires, neurovascular catheters, neurovascular stents, aneurysm clips, neurovascular thrombectomy management, neuromodulation devices, intrathecal pumps, and stereotactic devices.

MARKET REPORT DATA TYPES INCLUDED

• Unit Sales, Average Selling Prices, Market Size & Growth Trends
• COVID-19 Impact Analysis
• Market Drivers & Limiters
• Market Forecasts Until 2029, and Historical Data to 2019
• Recent Mergers & Acquisitions
• Company Profiles and Product Portfolios
• Leading Competitors

GLOBAL NEUROLOGICAL DEVICE MARKET INSIGHTS

The largest segment within the neurological device market is neuromodulation devices, which is divided among several competitors in the spinal cord stimulation and deep brain stimulation sectors. While other segments, such as vagus nerve stimulation and gastric electric stimulation, are monopolized market segments as of the current publication. However, the sacral nerve stimulation market has seen new product launches by new entrants, including Axonics.

GLOBAL NEUROLOGICAL DEVICE MARKET SHARE INSIGHTS

Out of 50+ neurological device companies analyzed, the global market share is dominated by three key players - Medtronic, Boston Scientific, Stryker.

Medtronic has held its top position in the global neurological device market, but its monopoly on several markets has been disrupted by competitors who have taken significant shares. Axonics' introduction into the sacral nerve stimulator market has impacted Medtronic's share, while Boston Scientific and Abbott's innovations have allowed them to gain substantial shares of the deep brain stimulation (DBS) market. Nevertheless, Medtronic continues to be a leader in most markets covered in this report, including liquid embolics, neurovascular stents, neurovascular thrombectomy management, and intrathecal pump, among others.

MARKET SEGMENTATION SUMMARY

This report suite covers all relevant data on the global neurological device market, but each market segment is also available as individual MedCore reports. This gives you the flexibility to access only the neurological market research that is relevant to your needs. To review these separate reports and segments, please refer to:

Global Cerebrospinal Fluid Management Market - MedCore - Includes:

• CSF shunt and CSF drainage shunt segments.

Global Detachable Coil Market - MedCore - Includes:

• Bare platinum detachable coils and coated coils.

Global Liquid Embolic Market - MedCore - Includes:

• Liquid embolics.

Global Neurovascular Guidewire Market - MedCore - Includes:

• Neurovascular guidewires.

Global Neurovascular Catheter Market - MedCore - Includes:

• Over-the-wire microcatheters, flow-directed microcatheters and neurovascular guiding catheters.

Global Neurovascular Stent Market - MedCore - Includes:

• Traditional neurovascular stents, flow diversion stents and intrasaccular stents.

Global Aneurysm Clip Market - MedCore - Includes:

• Titanium aneurysm clips and cobalt alloy aneurysm clips.

Global Neurovascular Thrombus Management Market - MedCore - Includes:

• Stent retrievers and aspiration catheters.

Global Neuromodulation Device Market - MedCore - Includes:

• Spinal cord stimulation, deep brain stimulation, sacral nerve stimulation, vagus nerve stimulation and gastric electric stimulation.

Global Intrathecal Pump Market - MedCore - Includes:

• Intrathecal pumps.

Global Stereotactic Device Market - MedCore - Includes:

• Stereotactic devices.

RESEARCH SCOPE SUMMARY

• Regions: North America (Canada, United States), Latin America (Argentina, Brazil, Chile, Colombia, Mexico, Peru, Venezuela), Western Europe (Austria, Benelux, France, Germany, Italy, Portugal, Scandinavia, Spain, Switzerland, U.K.), Central & Eastern Europe (Baltic States, Bulgaria, Croatia, Czech Republic, Greece, Hungary, Kazakhstan, Poland, Romania, Russia, Turkey, Ukraine), Middle East (Bahrain, Iran, Israel, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates), Asia Pacific (Australia, Cambodia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Myanmar, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam), Africa (Algeria, Egypt, Ghana, Kenya, Libya, Morocco, Nigeria, South Africa, Sudan, Uganda)
• Base Year: 2022
• Forecast: 2022-2029
• Historical Data 2019-2022
• Quantitative Coverage: Market Size, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices.
• Qualitative Coverage: COVID19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios, FDA Recalls, Disruptive Technologies, Disease Overviews.
• Data Sources: Primary Interviews with Industry Leaders, Government Physician Data, Regulatory Data, Hospital Private Data, Import & Export Data, Internal Database.