France Neurology Devices Market- Growth, Trends, and Forecasts (2020 – 2025)

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

Market Snapshot

CAGR
Study Period: 2017-2025
Base Year: 2019
CAGR: 7.1 %

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Market Overview

The France Neurology Devices Market is expected to grow with a CAGR of 7.1% in the forecast period. The key factors propelling the growth of the market are the increasing burden of neurological disorders, a growing number of stroke and cerebral aneurysms, rising disposable incomes coupled with a change in lifestyle. The increasing geriatric population, growth of health consciousness among people, and increasing hospital numbers in the country are further boosting the market growth. As per one of the studies published by ICM - Hôpital Pitié Salpêtrière, each there is a significant increase in the number of patients suffering from neurological diseases such as Alzheimer's Disease, Parkinson's Disease, stroke, epilepsy, etc, which are demanding more healthcare treatment via devices and drugs both, thus boosting the demand of this market in France. Furthermore, increasing foreign direct investment by global medical device manufacturers are boosting the market growth. However, the high cost of the devices and stringent regulations and guidelines for new devices is restraining market growth.

Scope of the report

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
Neurosurgery Devices
Neurostimulation Devices
Other Types of Devices

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Key Market Trends

Neurostimulation Devices is Expected to Grow Fastest during the Forecast Period

The fastest growth of the segment is due to the increasing usgae of the sacral nerve stimulation devices and deep brain stimulation devices. The deep brain stimulation devices 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. The neurostimulation devices are majorly used for chronic neuropathic pain, that are controlled by anticonvulsants and antidepressants. According to Jean Valmier, in the article, published in 2018, stated that neuropathic pain is a chronic illness affecting 7-10% the population in France.

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Competitive Landscape

The France 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

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 in Burden of Neurological Disorders

      2. 4.2.2 Increasing Geriatric Population and High Disposable Income

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Equipment

    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

      3. 5.1.3 Neurosurgery Devices

      4. 5.1.4 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 Nihon Kohden Corporation

      9. 6.1.9 NEURO FRANCE Implants

    2. *List Not Exhaustive
  7. 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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Frequently Asked Questions

The France Neurology Devices Market market is studied from 2017 - 2025.

The France Neurology Devices Market is growing at a CAGR of 7.1% over the next 5 years.

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

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