Market Trends of Netherlands Neurology Devices Industry
This section covers the major market trends shaping the Netherlands Neurology Devices Market according to our research experts:
Neurostimulation Devices are Expected to Grow Fastest during the Forecast Period
The sacral nerve stimulation devices are mostly used for patients for whom drug therapy or other types of medications are not successful. It is performed with the help of a small device, which is capable of sending electrical impulses to the targeted sacral nerves located in the lower back region. According to Alzheimer's Europe report published in 2020, the number of people living with Alzheimer's disease in the Netherlands is expected to reach 75,899 in the age group 75-79 years. Whereas, it is expected to reach 136,534 people aged 80 years and above. The high prevalence of such neurological diseases is expected to boost segment growth over the forecast period.
As per the data from University Medical Center published in October 2021, one in four people in the Netherlands has a neurological and/or a psychological disorder. Hoofdzaken is an initiative of the Dutch Brain Foundation (Hersenstiching), MIND, and the Netherlands Organisation for Health Research and Development (ZonMw) for research into solutions that will allow these patients to live longer in good health. Owing to such initiatives in the country, awareness about neurological diseases has increased. Hence, the market studied is expected to witness strong growth due to presence of the organizations such as the Dutch Brain Foundation.
Thus, owing to the above factors the segment is expected to show significant growth over the forecast period.
