South Africa Neurology Devices Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.50 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South Africa Neurology Devices Market Analysis
The South Africa Neurology Devices Market is expected to grow with a CAGR of 4.5% during the forecasted period. The key factors propelling the growth of this market are an increase in the incidence of neurological disorders, huge investments by private players in neurology devices and an increase in R&D in the field of Neurotherapy.
According to the World Population Ageing 2019 report, in South Africa population aged 65 years or over in 2019 was 3.171 million (5.4%) and this number is projected to reach to 4.404 million (6.7%) in 2030. This is expected to consistently increase the dementia patient population which boost the interest of existing players to invest more in this country.
Thus, owing to the above factors the market is expected to show significant growth over the forecast period.
South Africa Neurology Devices Market Trends
This section covers the major market trends shaping the South Africa Neurology Devices Market according to our research experts:
Sacral Nerve Stimulation Devices is the Segment under Neurostimulation Devices that is 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. These devices are found to be successful in treating bladder problems. Hence, with increasing incidences of overactive bladder, the sacral nerve stimulation devices segment is expected to grow during the forecast period.
Sacral nerve stimulation devices are an effective and safe treatment for patients suffering from fecal and urinary dysfunction. Increasing demand for minimally invasive therapy, rising prevalence of urinary bladder diseases, and technological advancements such as the introduction of novel coatings and engineering strategies are the main factors driving the growth of the market.
In South Africa, Medtronic Plc offers "The InterStim II System" the neurostimulator for bladder and bowel control which delivers sustained improvements in quality of life for people with overactive bladder (OAB), non-obstructive urinary retention, and chronic fecal incontinence (FI).
South Africa Neurology Devices Industry Overview
The South Africa Neurology Devices Market is fragmented competitive. There are market participants involved in R&D for the development of advanced stimulation and neuromodulation techniques with minimally invasive procedures that are more preferable to the patients. Furthermore, many private companies are showing great interest in developing novel neurological devices to earn huge profits. In the coming years few other players are expected to enter into the market.
South Africa Neurology Devices Market Leaders
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B. Braun Melsungen AG
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Stryker Corporation
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Medtronic PLC
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Abbott Laboratories
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Johnson and Johnson
*Disclaimer: Major Players sorted in no particular order
South Africa Neurology Devices Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Increase in Incidence of Neurological Disorders
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4.2.2 Huge Investments by Private Players in Neurology Devices
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4.2.3 Increase in R&D in the Field of Neurotherapies
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4.3 Market Restraints
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4.3.1 High Cost of Equipment
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4.3.2 Stringent FDA Validation and Guidelines for New Devices
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type of Device
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5.1.1 Cerebrospinal Fluid Management Devices
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5.1.2 Interventional Neurology Devices
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5.1.2.1 Interventional/Surgical Simulators
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5.1.2.2 Neurothrombectomy Devices
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5.1.2.3 Carotid Artery Stents
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5.1.2.4 Others
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5.1.3 Neurosurgery Devices
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5.1.3.1 Neuroendoscopes
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5.1.3.2 Stereotactic Systems
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5.1.3.3 Other Neurosurgery Devices
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5.1.4 Neurostimulation Devices
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5.1.4.1 Spinal Cord Stimulation Devices
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5.1.4.2 Deep Brain Stimulation Devices
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5.1.4.3 Sacral Nerve Stimulation Devices
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5.1.4.4 Other Neurostimulation Devices
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5.1.5 Other Types of Devices
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 B. Braun Melsungen AG
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6.1.2 Stryker Corporation
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6.1.3 Medtronic PLC
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6.1.4 Abbott Laboratories
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6.1.5 Johnson and Johnson
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6.1.6 Nihon Kohden Corporation
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6.1.7 Smith & Nephew
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6.1.8 Integra LifeSciences Corporation
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South Africa 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. The growth of neurological devices is being driven through an emphasis on developing superior neuromodulation and neurostimulation techniques, leveraging minimally invasive procedures that benefit patients. The South Africa Neurology Devices Market is segmented by type of device (Cerebrospinal Fluid Management Device, Interventional Neurology Device, Neurosurgery Device, Neurostimulation Device, and Other Type of Devices).
| By Type of Device | ||||||
| Cerebrospinal Fluid Management Devices | ||||||
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| Other Types of Devices |
South Africa Neurology Devices Market Research FAQs
What is the current South Africa Neurology Devices Market size?
The South Africa Neurology Devices Market is projected to register a CAGR of 4.5% during the forecast period (2024-2029)
Who are the key players in South Africa Neurology Devices Market?
B. Braun Melsungen AG, Stryker Corporation, Medtronic PLC, Abbott Laboratories and Johnson and Johnson are the major companies operating in the South Africa Neurology Devices Market.
What years does this South Africa Neurology Devices Market cover?
The report covers the South Africa Neurology Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South Africa Neurology Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South Africa Neurology Devices Industry Report
Statistics for the 2024 South Africa Neurology Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South Africa Neurology Devices analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
