Neurology Devices Market by Product and Geography - Forecast and Analysis 2020-2024

Neurology Devices Market by Product and Geography - Forecast and Analysis 2020-2024

Global Neurology Devices Market: About this market

Technavio’s neurology devices market analysis considers sales from neurostimulation devices, interventional neurology devices, neurosurgery devices, cerebrospinal fluid management devices, and other products. Our study also finds the sales of neurology devices in Asia, Europe, North America, and ROW. In 2019, the neurostimulation devices segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as implantable, programmable devices placed surgically to deliver electrical stimulation to the intended parts of the brain, the spinal cord will play a significant role in the neurostimulation devices segment to maintain its market position. Also, our global neurology devices market report looks at factors such as increasing prevalence of neurological disorders, growing geriatric population, increasing funding on neurology. However, high cost of neurology devices, stringent regulations, and product recall, and shortage of neurologists may hamper the growth of the neurology devices industry over the forecast period.

Global Neurology Devices Market: Overview

Increasing prevalence of neurological disorders

The prevalence of neurological disorders which include PD, MS, sleep apnea, epilepsy, brain tumors, brain aneurysm, brain stroke, and brain tumors is increasing. These disorders are associated with the central and peripheral nervous systems. Patients experience pain, neurological instability, seizures, paralysis, and muscle weakness under these conditions. Several factors including chromosomal abnormalities or congenital defects in genes cause these neurological conditions. Thus, the increasing prevalence of neurological disorders will lead to the expansion of the global neurology devices market at a CAGR of almost 12% during the forecast period.

Strong prevalence of the wearable neurology devices

The growing awareness and need for home care have encouraged the global population to adopt smart wearable devices such as smartwatches and smart bands for seamless monitoring and recording of patient health data through a wireless interface. Additionally, the recorded health data can be shared with healthcare professionals for better patient outcomes. Wearable neurology devices are used for continuous detection and monitoring of patients with neurological disorders such as seizures and PD. The US FDA has already approved an MHealth wearable device, Embrace2, which uses advanced machine learning technology to detect electrodermal activities in patients. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global neurology devices market during the forecast period 2020-2024, click here.

Competitive Landscape

With the presence of several major players, the global neurology devices market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading neurology devices manufacturers, that include Abbott Laboratories, B. Braun Melsungen AG, Becton, Dickinson and Co., Boston Scientific Corp., Johnson & Johnson Services Inc., Medtronic Plc, MicroPort Scientific Corp., Nihon Kohden Corp., Penumbra Inc., and Stryker Corp.

Also, the neurology devices market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global healthcare equipment market
      • Table Segments of global healthcare equipment market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
    • Value Chain Analysis
  • Market sizing
    • Market definition
      • Table Vendors: Key offerings
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2019
      • Table Market size 2019
    • Market size and forecast 2019-2024
      • Table Global market: Size and forecast 2019-2024 ($ millions)
      • Table Global market: Year-over-year growth 2020-2024 (%)
    • Market outlook
  • Five forces analysis
    • Table Five forces analysis 2019
    • Table Five forces analysis 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market segmentation by product
    • Table Product - Market share 2019-2024 (%)
    • Comparison by product
      • Table Comparison by product
    • Neurostimulation devices - Market size and forecast 2019- 2024
      • Table Neurostimulation devices - Market size and forecast 2019-2024 ($ millions)
      • Table Neurostimulation devices - Year-over-year growth 2020-2024 (%)
    • Interventional neurology devices - Market size and forecast 2019-2024
      • Table Interventional neurology devices - Market size and forecast 2019-2024 ($ millions)
      • Table Interventional neurology devices - Year-over-year growth 2020-2024 (%)
    • Neurosurgery devices - Market size and forecast 2019-2024
      • Table Neurosurgery devices - Market size and forecast 2019-2024 ($ millions)
      • Table Neurosurgery devices - Year-over-year growth 2020-2024 (%)
    • Cerebrospinal fluid management devices - Market size and forecast 2019-2024
      • Table Cerebrospinal fluid management devices - Market size and forecast 2019-2024 ($ millions)
      • Table Cerebrospinal fluid management devices - Year-over-year growth 2020-2024 (%)
    • Others - Market size and forecast 2019-2024
      • Table Others - Market size and forecast 2019-2024 ($ millions)
      • Table Others - Year-over-year growth 2020-2024 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2019-2024
      • Table North America - Market size and forecast 2019-2024 ($ millions)
      • Table North America - Year-over-year growth 2020-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ millions)
      • Table Europe - Year-over-year growth 2020-2024 (%)
    • Asia - Market size and forecast 2019-2024
      • Table Asia - Market size and forecast 2019-2024 ($ millions)
      • Table Asia - Year-over-year growth 2020-2024 (%)
    • ROW - Market size and forecast 2019-2024
      • Table ROW - Market size and forecast 2019-2024 ($ millions)
      • Table ROW - Year-over-year growth 2020-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Increase in the population aged 65 years and above (%)
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Technological advances and new product launches
    • Strong penetration of wearable neurology devices
    • Growing medical tourism in emerging economies
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Abbott Laboratories
      • Table Abbott Laboratories - Vendor overview
      • Table Abbott Laboratories - Business segments
      • Table Abbott Laboratories - Organizational developments
      • Table Abbott Laboratories - Geographic focus
      • Table Abbott Laboratories - Segment focus
      • Table Abbott Laboratories - Key offerings
    • B. Braun Melsungen AG
      • Table B. Braun Melsungen AG - Vendor overview
      • Table B. Braun Melsungen AG - Business segments
      • Table B. Braun Melsungen AG - Organizational developments
      • Table B. Braun Melsungen AG - Geographic focus
      • Table B. Braun Melsungen AG - Segment focus
      • Table B. Braun Melsungen AG - Key offerings
    • Becton, Dickinson and Co.
      • Table Becton, Dickinson and Co. - Vendor overview
      • Table Becton, Dickinson and Co. - Business segments
      • Table Becton, Dickinson and Co. - Organizational developments
      • Table Becton, Dickinson and Co. - Geographic focus
      • Table Becton, Dickinson and Co. - Segment focus
      • Table Becton, Dickinson and Co. - Key offerings
    • Boston Scientific Corp.
      • Table Boston Scientific Corp. - Vendor overview
      • Table Boston Scientific Corp. - Business segments
      • Table Boston Scientific Corp. - Organizational developments
      • Table Boston Scientific Corp. - Geographic focus
      • Table Boston Scientific Corp. - Segment focus
      • Table Boston Scientific Corp. - Key offerings
    • Johnson & Johnson Services Inc.
      • Table Johnson & Johnson Services Inc. - Vendor overview
      • Table Johnson & Johnson Services Inc. - Business segments
      • Table Johnson & Johnson Services Inc. - Organizational developments
      • Table Johnson & Johnson Services Inc. - Geographic focus
      • Table Johnson & Johnson Services Inc. - Segment focus
      • Table Johnson & Johnson Services Inc. - Key offerings
    • Medtronic Plc
      • Table Medtronic Plc - Vendor overview
      • Table Medtronic Plc - Business segments
      • Table Medtronic Plc - Organizational developments
      • Table Medtronic Plc - Geographic focus
      • Table Medtronic Plc - Segment focus
      • Table Medtronic Plc - Key offerings
    • MicroPort Scientific Corp.
      • Table MicroPort Scientific Corp. - Vendor overview
      • Table MicroPort Scientific Corp. - Business segments
      • Table MicroPort Scientific Corp. - Organizational developments
      • Table MicroPort Scientific Corp. - Geographic focus
      • Table MicroPort Scientific Corp. - Segment focus
      • Table MicroPort Scientific Corp. - Key offerings
    • Nihon Kohden Corp.
      • Table Nihon Kohden Corp. - Vendor overview
      • Table Nihon Kohden Corp. - Business segments
      • Table Nihon Kohden Corp. - Organizational developments
      • Table Nihon Kohden Corp. - Geographic focus
      • Table Nihon Kohden Corp. - Segment focus
      • Table Nihon Kohden Corp. - Key offerings
    • Penumbra Inc.
      • Table Penumbra Inc. - Vendor overview
      • Table Penumbra Inc. - Business segments
      • Table Penumbra Inc. - Organizational developments
      • Table Penumbra Inc. - Geographic focus
      • Table Penumbra Inc. - Segment focus
      • Table Penumbra Inc. - Key offerings
    • Stryker Corp.
      • Table Stryker Corp. - Vendor overview
      • Table Stryker Corp. - Business segments
      • Table Stryker Corp. - Organizational developments
      • Table Stryker Corp. - Geographic focus
      • Table Stryker Corp. - Segment focus
      • Table Stryker Corp. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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