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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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Neurology Devices Market 2020-2024: Segmentation

Neurology Devices Market is segmented as below:

Product

Geography

Asia

Europe

North America

ROW

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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. Technavios 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 markets 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

PART 03: MARKET LANDSCAPE

PART 04: MARKET SIZING

PART 05: FIVE FORCES ANALYSIS

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

Geographic segmentation

Geographic comparison

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

Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

Market drivers

Market 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

Overview

Landscape disruption

Competitive scenario

PART 13: VENDOR ANALYSIS

Vendors covered

Vendor classification

Market positioning of vendors

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.

Stryker Corp.

PART 14: APPENDIX

PART 15: EXPLORE TECHNAVIO

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201021005783/en/

Contacts

Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: media@technavio.com Website: http://www.technavio.com/

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Neurology Devices Market | Increasing Prevalence Of The Neurological Disorders to boost the Market Growth | Technavio - Yahoo Finance