Canada Neurology Devices Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Canada Neurology Devices Market is Segmented by Type of Device (Cerebrospinal Fluid Management Devices, Interventional Neurology Devices, Neurosurgery Devices, Neurostimulation Devices, and Other Types of Devices). The report offers the value (in USD million) for the above segments.

Canada Neurology Devices Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Canada Neurology Devices Market Size

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Canada Neurology Devices Market Summary
Study Period 2021 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2021 - 2023
CAGR 7.50 %

Major Players

Canada Neurology Devices Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Canada Neurology Devices Market Analysis

The Canada Neurology Devices Market is expected to register a CAGR of 7.5% during the forecast period.

The COVID-19 pandemic negatively impacted Canada's neurology devices market. In November 2021, an article published in Parkinsonism and Related Disorder reported a 17% reduction in deep brain stimulation surgeries in Canada during the initial 4 to 16 weeks of COVID-19. This was due to the cancellation of hospital appointments due to an increase in COVID-19 cases. However, in the upcoming years, it is anticipated that the declining COVID-19 infection rates will lead to the resumption of neurological services in hospitals and clinics. As a result, the market is expected to witness stable growth over the forecast period.

The factors driving the growth of the studied market are the growing burden of neurological disorders, the increasing geriatric population, and the increase in R&D in the field of neurotherapy. The elderly population is vulnerable to several neurological conditions, such as stroke, dementia, Parkinson's disease, tremor, and epilepsy, constantly increasing the demand for neurology devices. For instance, in August 2022, Statistics Canada reported that in 2021, 18.5% of the population in Canada aged above 65 years. Similarly, in September 2022, Alzheimer's Society reported that 5,69,600 Canadians were living with dementia in 2020, and this number is expected to increase to 9,55,900 by 2030. Thus, the high geriatric population and the increasing neurological disorder associated with them is driving the demand for neurological devices.

The rising investments in the development of sophisticated healthcare infrastructure and rising investments by the corporate in R&D activities have led to the development and increased adoption of neurovascular devices. The availability of advanced treatments for various neurological disorders owing to the presence of technologically advanced neurovascular devices has significantly contributed to market growth. For instance, in September 2022, Axonics reported one of the first patients got an implant for its Axonics F15 sacral neuromodulation (SNM) system in Canada. Thus, the development of various neurology devices is providing better treatment to people in the country living with neurological disorders and are driving the growth of the studied market in the country.

Thus, due to the growing burden of neurological disorders, the increasing geriatric population, and the increase in R&D in the field of neurotherapy, the studied market is expected to witness significant growth over the forecast period. However, stringent regulations and guidelines for new devices may slow down the development of the studied market.

Canada Neurology Devices Industry Overview

The Canadian neurology devices market is moderately competitive, with a few players operating globally and regionally. Some of these players are B. Braun Melsungen AG, Boston Scientific Corporation, Stryker Corporation, Medtronic PLC, Abbott Laboratories, Johnson & Johnson, Smith & Nephew, MicroPort Scientific Corporation, Nihon Kohden Corporation, and Penumbra Inc.

Canada Neurology Devices Market Leaders

  1. B. Braun Melsungen AG

  2. Boston Scientific Corporation

  3. Stryker Corporation

  4. Medtronic PLC

  5. Abbott Laboratories

  6. *Disclaimer: Major Players sorted in no particular order
Canada Neurology Devices Market Concentration
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Canada Neurology Devices Market News

  • September 2022: NeuroCatch Inc. received Health Canada's approval for the new version of its NeuroCatch Platform brain function assessment system.
  • March 2022: NovaSignal Corp. received a license from Health Canada for its NovaGuide intelligent ultrasound system. NovaGuide is available to Canada's healthcare practitioners to capture and monitor brain blood flow.

Canada Neurology Devices Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions & Market Definition
  • 1.2 Scope Of The Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Growing Burden of Neurological Disorders and Increasing Geriatric Population
    • 4.2.2 Increase in R&D Development in Neurological Devices
  • 4.3 Market Restraints
    • 4.3.1 Stringent Regulations and Guidelines for New Devices
  • 4.4 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 By Type of Device
    • 5.1.1 Cerebrospinal Fluid Management Devices
    • 5.1.2 Interventional Neurology Devices
    • 5.1.3 Neurosurgery Devices
    • 5.1.4 Neurostimulation Devices
    • 5.1.5 Other Types of Devices

6. COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 B. Braun Melsungen AG
    • 6.1.2 Boston Scientific Corporation
    • 6.1.3 Stryker Corporation
    • 6.1.4 Medtronic PLC
    • 6.1.5 Abbott Laboratories
    • 6.1.6 Johnson & Johnson
    • 6.1.7 Smith & Nephew
    • 6.1.8 MicroPort Scientific Corporation
    • 6.1.9 Nihon Kohden Corporation
    • 6.1.10 Penumbra Inc.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments
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Canada Neurology Devices Industry Segmentation

Neurological devices help diagnose, prevent, and treat various neurological disorders and conditions, such as Alzheimer's, Parkinson's, major depression, and traumatic brain injury.

The Canadian Neurology Devices Market is Segmented by Type of Device (Cerebrospinal Fluid Management Devices, Interventional Neurology Devices, Neurosurgery Devices, Neurostimulation Devices, and Other Types of Devices). The report offers the value (in USD million) for the above segments.

By Type of Device Cerebrospinal Fluid Management Devices
Interventional Neurology Devices
Neurosurgery Devices
Neurostimulation Devices
Other Types of Devices
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Canada Neurology Devices Market Research FAQs

What is the current Canada Neurology Devices Market size?

The Canada Neurology Devices Market is projected to register a CAGR of 7.5% during the forecast period (2025-2030)

Who are the key players in Canada Neurology Devices Market?

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

What years does this Canada Neurology Devices Market cover?

The report covers the Canada Neurology Devices Market historical market size for years: 2021, 2022, 2023 and 2024. The report also forecasts the Canada Neurology Devices Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Canada Neurology Devices Industry Report

Statistics for the 2025 Canada Neurology Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Canada Neurology Devices analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.