(EMAILWIRE.COM, May 27, 2021 ) The increase in patient pool due to rising geriatric population globally, contributed significantly to the growth of the neurology devices market during the historic period. According to the Population Reference Bureau, the share of population over the age of 65 in the global population increased from 8% in 2015 to 9% in 2019. The global population aged 65 years or over was 703 million in 2019. This rise in the geriatric population increased the demand for medical care and drove the healthcare expenditure.
For instance,
in 2017, half of the Dutch healthcare budget was spent on elderly over 65. These factors increased the demand for neurology devices and drove the market during the historic period.
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The Business Research Companys report titled Neurology Devices Global Market Report 2021 covers major companies, neurology devices market share by company, neurology devices market size, and neurology devices market forecasts. The report also covers the global neurology devices market and its segments.
The Business Research Companys global neurology devices market report is segmented –
1) By Type: Cerebrospinal Fluid Management (CSF) Devices And Equipment, Interventional Neurology Devices And Equipment, Neurosurgery Devices And Equipment, Neurostimulation Devices
2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Others
3) By Type of Expenditure: Public, Private
4) By Product: Instruments/Equipment, Disposables
Subsegments Covered: CSF Drainage Systems, CSF Shunts, Aneurysm Coiling & Embolization Devices, Neurothrombectomy Devices, Angioplasty Devices, Interventional Neurology Support Devices, Neurosurgical Navigation Systems, Neurosurgical endoscopes, Aneurysm Clips, Stereotactic Systems, Other Neurosurgery Devices, Implantable Neurostimulation Devices, External Neurostimulation Devices
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Neurology Devices Market Size Forecast
The global neurology devices market is expected to grow from $11.85 billion in 2020 to $13.38 billion in 2021 at a compound annual growth rate (CAGR) of 12.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $19.25 billion in 2025 at a CAGR of 10%.
North America was the largest region in the global neurology devices market, accounting for 31% of the market in 2020. Asia Pacific was the second largest region, accounting for 31% of the global neurology devices market. Africa was the smallest region in the global neurology devices market.
The countries covered in the global neurology devices market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Major Players In The Neurology Devices Market
The major players covered in the global neurology devices market are Medtronic, Abbott Lab, B. BraunMelsungen AG, Stryker Corporation, LivaNova.
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Neurology Devices Market Global Report 2020-30 is one of a series of new reports from The Business Research Company that provide market overviews, analyze and forecast market size and growth for the whole market, segments and geographies, market trends, drivers, restraints, leading competitors revenues, profiles and market shares in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies.
The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors approaches.
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Cerebrospinal Fluid Management (CSF) Devices And Equipment Global Market Report 2021: COVID 19 Impact and Recovery to 2030 http://www.thebusinessresearchcompany.com/report/cerebrospinal-fluid-management-csf-devices-and-equipment-global-market-report
Interventional Neurology Devices And Equipment Global Market Report 2021: COVID 19 Impact and Recovery to 2030 http://www.thebusinessresearchcompany.com/report/interventional-neurology-devices-and-equipment-global-market-report
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