United States Neurology Devices Market Size (2024 - 2029)

The United States Neurology Devices Market is anticipated to experience significant expansion during the forecast period, driven by factors such as the rising prevalence of neurological disorders and substantial investments in neurology devices. The market's growth is further supported by increased research and development in neuro therapies and a growing aging population. Additionally, higher healthcare spending and increased foreign direct investment from global medical device manufacturers are contributing to the market's expansion. However, the high cost of devices and stringent FDA regulations pose challenges to market growth.

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Market Size of United States Neurology Devices Industry

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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 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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United States Neurology Devices Market Size Summary

The United States Neurology Devices Market is poised for significant expansion, driven by a combination of factors including the rising prevalence of neurological disorders and substantial investments from private entities in the development of neurology devices. The market is further bolstered by increased research and development activities in neuro therapies and a growing aging population. The surge in healthcare spending and foreign direct investment from global medical device manufacturers also contribute to the market's growth trajectory. However, challenges such as the high cost of devices and stringent FDA regulations for new device approvals pose constraints on market expansion.

The market's growth is particularly pronounced in segments like sacral nerve stimulation and deep brain stimulation devices. These devices are increasingly utilized due to their effectiveness in treating conditions where traditional drug therapies have failed, such as bladder problems and various neurological disorders. The prevalence of conditions like Parkinson's disease and overactive bladder is driving demand for these devices. The competitive landscape of the market is characterized by the presence of major players such as B. Braun Melsungen AG, Boston Scientific Corporation, Stryker Corporation, Medtronic PLC, and Abbott Laboratories, who engage in strategies like collaborations, business expansions, and product innovations to maintain their market positions.

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United States Neurology Devices Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increase Burden of Neurological Disorders

      2. 1.2.2 Huge Investments by Private Players in Neurology Devices

      3. 1.2.3 Increase in R&D in the Field of Neurotherapies

    3. 1.3 Market Restraints

      1. 1.3.1 High Cost of Equipment

      2. 1.3.2 Stringent FDA Regulatory Guidelines for New Devices

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type of Device

      1. 2.1.1 Cerebrospinal Fluid Management Devices

      2. 2.1.2 Interventional Neurology Devices

        1. 2.1.2.1 Interventional/Surgical Simulators

        2. 2.1.2.2 Neurothrombectomy Devices

        3. 2.1.2.3 Carotid Artery Stents

        4. 2.1.2.4 Embolic Coils

        5. 2.1.2.5 Support Devices

      3. 2.1.3 Neurosurgery Devices

        1. 2.1.3.1 Neuroendoscopes

        2. 2.1.3.2 Stereotactic Systems

        3. 2.1.3.3 Aneurysm Clips

        4. 2.1.3.4 Other Neurosurgery Devices

      4. 2.1.4 Neurostimulation Devices

        1. 2.1.4.1 Spinal Cord Stimulation Devices

        2. 2.1.4.2 Deep Brain Stimulation Devices

        3. 2.1.4.3 Sacral Nerve Stimulation Devices

        4. 2.1.4.4 Other Neurostimulation Devices

      5. 2.1.5 Other Types of Devices

United States Neurology Devices Market Size 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.

United States Neurology Devices Report Snapshots

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