Technavio has been monitoring the neurology devices market and it is poised to grow by $ 9.02 bn during 2020-2024, progressing at a CAGR of almost 12% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Neurology Devices Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions:
What are the major trends in the market?
Increasing adoption of wearable neurology devices is a major trend driving the growth of the market
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 11.50% and the incremental growth of the market is anticipated to be $ 9.02 bn
Who are the top players in the market?
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., are some of the major market participants
What is the key market driver?
The increasing prevalence of the neurological disorders is one of the major factors driving the market
How big is the North America market?
The North America region will contribute 42% of the market share
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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. are some of the major market participants. The increasing prevalence of the neurological disorders will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Neurology Devices Market 2020-2024: Segmentation
Neurology Devices Market is segmented as below:
Interventional Neurology Devices
Cerebrospinal Fluid Management Devices
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Neurology Devices Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The neurology devices market report covers the following areas:
Neurology Devices Market Size
Neurology Devices Market Trends
Neurology Devices Market Industry Analysis
This study identifies increasing adoption wearable neurology devices as one of the prime reasons driving the neurology devices market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Neurology Devices Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist neurology devices market growth during the next five years
Estimation of the neurology devices market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the neurology devices market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of neurology devices market vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
Market segmentation analysis
Value Chain Analysis
PART 04: MARKET SIZING
Market sizing 2019
Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
PART 06: MARKET SEGMENTATION BY PRODUCT
Market segmentation by product
Comparison by product
Neurostimulation devices - Market size and forecast 2019-2024
Interventional neurology devices - Market size and forecast 2019-2024
Neurosurgery devices - Market size and forecast 2019-2024
Cerebrospinal fluid management devices - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
Asia - Market size and forecast 2019-2024
ROW - Market size and forecast 2019-2024
Key leading countries
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
Technological advances and new product launches
Strong penetration of wearable neurology devices
Growing medical tourism in emerging economies
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
Market positioning of vendors
B. Braun Melsungen AG
Becton, Dickinson and Co.
Boston Scientific Corp.
Johnson & Johnson Services Inc.
MicroPort Scientific Corp.
Nihon Kohden Corp.
PART 14: APPENDIX
List of abbreviations
Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
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View source version on businesswire.com: https://www.businesswire.com/news/home/20201021005783/en/