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United States Neurology Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The United States Neurology Devices Market is segmented by Type of Device (Cerebrospinal Fluid Management Devices, Interventional Neurology Devices, Neurosurgery Devices, Neurostimulation Devices, Other Types of Devices).

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USA Neurology Devices Market Size

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us neurology devices market overview
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 7.90 %

Major Players

us neurology devices market major players

*Disclaimer: Major Players sorted in no particular order

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USA Neurology Devices Market Analysis

The United States Neurology Devices Market is expected to grow with a CAGR of 7.9% in the forecast period. The key factors propelling the growth of the market are the increasing incidence of neurological disorders, huge investments by private players in neurology devices, an increase in R&D in the field of neuro therapies, and the rising aging population. The increasing incidence of neurological disorders like brain aneurysms, brain tumors, epilepsy, memory disorders, multiple sclerosis, Parkinson's disease, peripheral neuropathy, post-herpetic neuralgia, spinal cord tumor, and stroke. Furthermore, increasing healthcare spending, increasing foreign direct investment by global medical device manufacturers are boosting the market growth. However, the high cost of the devices and stringent FDA validation and guidelines for new devices is restraining market growth.

USA Neurology Devices Market Trends

This section covers the major market trends shaping the USA Neurology Devices Market according to our research experts:

Neurostimulation Devices is Expected to Show Good Growth Over the Forecast Period

The fastest growth of the segment is due to the increasing usage of the sacral nerve stimulation devices and deep brain stimulation devices. The sacral nerve stimulation devices are mostly used for patients for whom drug therapy or other types of medications are not successful. 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. The deep brain stimulation devices are generally used to treat neuropsychiatric disorders and are effectively used in treating various other neurological disorders, like Parkinson's disease, essential tremor, dystonia, chronic pain, major depression, and obsessive-compulsive disorder. According to ParkinsonsDisease.net, 2019, 1 million Americans are living with PD, and approximately 60,000 Americans are diagnosed with PD each year. With the increasing neurological diseases like this, the segment is bound to grow at a higher growth rate.

us neurology devices market trends

USA Neurology Devices Industry Overview

The United States Neurology Devices Market is moderately competitive with several major players. Some of the strategies implemented include agreements, collaborative models, business expansion, and product developments. Some of the major players are B. Braun Melsungen AG, Boston Scientific Corporation, Stryker Corporation, Medtronic PLC, Abbott Laboratories, Johnson and Johnson, Smith & Nephew, etc.

USA Neurology Devices Market Leaders

  1. B. Braun Melsungen AG

  2. Boston Scientific Corporation

  3. Stryker Corporation

  4. Medtronic PLC

  5. Abbott Laboratories

*Disclaimer: Major Players sorted in no particular order

B. Braun Melsungen AG, Boston Scientific Corporation, Stryker Corporation, Medtronic PLC, Abbott Laboratories.
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USA Neurology Devices Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increase Burden of Neurological Disorders

      2. 4.2.2 Huge Investments by Private Players in Neurology Devices

      3. 4.2.3 Increase in R&D in the Field of Neurotherapies

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Equipment

      2. 4.3.2 Stringent FDA Regulatory Guidelines for New Devices

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type of Device

      1. 5.1.1 Cerebrospinal Fluid Management Devices

      2. 5.1.2 Interventional Neurology Devices

        1. 5.1.2.1 Interventional/Surgical Simulators

        2. 5.1.2.2 Neurothrombectomy Devices

        3. 5.1.2.3 Carotid Artery Stents

        4. 5.1.2.4 Embolic Coils

        5. 5.1.2.5 Support Devices

      3. 5.1.3 Neurosurgery Devices

        1. 5.1.3.1 Neuroendoscopes

        2. 5.1.3.2 Stereotactic Systems

        3. 5.1.3.3 Aneurysm Clips

        4. 5.1.3.4 Other Neurosurgery Devices

      4. 5.1.4 Neurostimulation Devices

        1. 5.1.4.1 Spinal Cord Stimulation Devices

        2. 5.1.4.2 Deep Brain Stimulation Devices

        3. 5.1.4.3 Sacral Nerve Stimulation Devices

        4. 5.1.4.4 Other Neurostimulation Devices

      5. 5.1.5 Other Types of Devices

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 B. Braun Melsungen AG

      2. 6.1.2 Boston Scientific Corporation

      3. 6.1.3 Stryker Corporation

      4. 6.1.4 Medtronic PLC

      5. 6.1.5 Abbott Laboratories

      6. 6.1.6 Johnson and Johnson

      7. 6.1.7 Smith & Nephew

      8. 6.1.8 MicroPort Scientific Corporation

      9. 6.1.9 Nihon Kohden Corporation

      10. 6.1.10 Penumbra Inc.

    2. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments
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USA 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 Devices
Interventional Neurology Devices
Interventional/Surgical Simulators
Neurothrombectomy Devices
Carotid Artery Stents
Embolic Coils
Support Devices
Neurosurgery Devices
Neuroendoscopes
Stereotactic Systems
Aneurysm Clips
Other Neurosurgery Devices
Neurostimulation Devices
Spinal Cord Stimulation Devices
Deep Brain Stimulation Devices
Sacral Nerve Stimulation Devices
Other Neurostimulation Devices
Other Types of Devices
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USA Neurology Devices Market Research FAQs

The United States Neurology Devices Market is projected to register a CAGR of 7.90% during the forecast period (2024-2029)

B. Braun Melsungen AG, Boston Scientific Corporation, Stryker Corporation, Medtronic PLC and Abbott Laboratories are the major companies operating in the United States Neurology Devices Market.

The report covers the United States Neurology Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the United States Neurology Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

United States Neurology Devices Industry Report

Statistics for the 2024 United States Neurology Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. United States 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.

United States Neurology Devices Report Snapshots

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United States Neurology Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)