Market Size of China Neurology Devices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.20 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
China Neurology Devices Market Analysis
The major factors augmenting the growth of the neurology devices market includes increasing incidences of neurological disorders, technological advancements and increase in R&D in the field of neurotherapies. Major neurological disorders include brain aneurysms, brain tumors, epilepsy, memory disorders, multiple sclerosis, Parkinson's disease, peripheral neuropathy, spinal cord tumor, and stroke. According to World Health Organizations (WHO), among neurological disorders, Alzheimer's disease and other dementias accounts for around 2.84% of the total number of deaths in high-income countries. The rising number of patients with neurological disorders, lead to high demand for early diagnosis of neurological conditions. Additionally, the increasing awareness among patients is expected to augment the neurology devices market.
China Neurology Devices Industry Segmentation
As per the scope of the report, Neurological devices are medical devices that help to diagnose, prevent, and treat a variety of neurological disorders and conditions, such as Alzheimer's disease, Parkinson's disease, major depression, and traumatic brain injury.
| By Type of Device | ||||||
| Cerebrospinal Fluid Management Device | ||||||
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| Other Type of Devices |
China Neurology Devices Market Size Summary
The China neurology devices market is experiencing growth driven by several key factors, including the rising incidence of neurological disorders and advancements in technology. The increasing prevalence of conditions such as brain aneurysms, epilepsy, and Parkinson's disease has heightened the demand for early diagnosis and treatment solutions. This demand is further bolstered by the growing awareness among patients regarding neurological health. The market is segmented into various types of devices, including cerebrospinal fluid management, interventional neurology, neurosurgery, and neurostimulation devices. These devices play a crucial role in managing conditions like hydrocephalus, where cerebrospinal fluid shunt systems are used to alleviate complications arising from fluid imbalances in the brain.
The market's expansion is supported by significant progress in the diagnosis and treatment of neurological disorders, which is expected to continue in the coming years. Key players in the China neurology devices market include prominent companies such as Abbott Laboratories, B. Braun Melsungen AG, Boston Scientific Corporation, and Medtronic PLC, among others. These companies are instrumental in driving innovation and providing advanced solutions to meet the growing healthcare needs. As the market evolves, the focus on research and development in neurotherapies is likely to further enhance the capabilities and effectiveness of neurology devices, contributing to the overall market growth during the forecast period.
China Neurology Devices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Incidences of Neurological Disorders
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1.2.2 Technological Advancements in Neurology Devices
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1.2.3 Increase in R&D in the Field of Neurotherapies
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1.3 Market Restraints
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1.3.1 High Cost of Devices
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1.3.2 Stringent Regulations
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type of Device
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2.1.1 Cerebrospinal Fluid Management Device
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2.1.2 Interventional Neurology Device
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2.1.2.1 Interventional/Surgical Simulators
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2.1.2.2 Neurothrombectomy Devices
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2.1.2.3 Carotid Artery Stents
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2.1.3 Neurosurgery Device
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2.1.3.1 Neuroendoscopes
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2.1.3.2 Aneurysm Clip
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2.1.3.3 Other Neurosurgery Devices
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2.1.4 Neurostimulation Device
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2.1.4.1 Spinal Cord Stimulation Device
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2.1.4.2 Deep Brain Stimulation Device
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2.1.4.3 Sacral Nerve Stimulation Device
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2.1.4.4 Other Neurostimulation Devices
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2.1.5 Other Type of Devices
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China Neurology Devices Market Size FAQs
What is the current China Neurology Devices Market size?
The China Neurology Devices Market is projected to register a CAGR of 6.20% during the forecast period (2024-2029)
Who are the key players in China Neurology Devices Market?
Abbott Laboratories, B. Braun Melsungen AG, Boston Scientific Corporation, Medtronic PLC and Stryker Corporation are the major companies operating in the China Neurology Devices Market.
