Market Snapshot
| Study Period: | 2018 - 2026 |
| Base Year: | 2021 |
| CAGR: | 5.8 % |
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Market Overview
The major factors augmenting the growth of the neurology devices market in Italy includes increasing incidences of neurological disorders, technological advancements and rise in the aging population. Major neurological disorders include brain aneurysms, brain tumors, epilepsy, memory disorders, multiple sclerosis, Parkinson’s disease, peripheral neuropathy, spinal cord tumor, and stroke. Among neurological disorders, Alzheimer’s disease and other dementias account for 2.84% of the total number of deaths in high-income countries. The rising number of patients with neurological disorders, lead to high demand for early diagnosis of neurological conditions. Additionally, the increasing awareness among patients is expected to augment the neurology devices market.
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 Device | ||||||
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| Other Type of Devices |
Key Market Trends
Cerebrospinal Fluid Management Segment is Expected to Show Better Growth in the Forecast Years
Based on type of device, the market is segmented into cerebrospinal fluid management device, interventional neurology device, neurostimulation device and other type of devices. Cerebral spinal fluid (CSF) shunt systems are used to treat hydrocephalus, which is a common medical procedure and a life-saving treatment for many patients. These shunt systems drain excess fluid from the brain to another part of the body, where the fluid is absorbed as part of the circulatory process. The CSF imbalance can lead to elevated intracranial pressure (ICP), which can lead to a variety of complications. CSF shunts can be used to alleviate these problems in patients who suffer from hydrocephalus. The need for diagnosis and treatment of neurological disorders have made significant progress in recent years, which is expected to drive the market growth in the forecast period.
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Competitive Landscape
The global players in the Italy neurology devices market are Abbott Laboratories, B. Braun Melsungen AG, Boston Scientific Corporation, Johnson and Johnson, Medtronic PLC, MicroPort Scientific, Nihon Kohden Corporation, Penumbra Inc., Smith & Nephew plc, and Stryker Corporation.
Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 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 Increasing Incidences of Neurological Disorders
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4.2.2 Technological Advancements in Neurology Devices
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4.2.3 Rise in the Aging Population
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4.3 Market Restraints
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4.3.1 High Cost of Devices
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4.4 Porter's Five Forces 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 Device
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5.1.2 Interventional Neurology Device
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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 Neurostimulation Device
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5.1.3.1 Spinal Cord Stimulation Device
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5.1.3.2 Deep Brain Stimulation Device
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5.1.3.3 Sacral Nerve Stimulation Device
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5.1.3.4 Other Neurostimulation Devices
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5.1.4 Other Type of Devices
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Abbott Laboratories
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6.1.2 B. Braun Melsungen AG
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6.1.3 Boston Scientific Corporation
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6.1.4 Johnson and Johnson
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6.1.5 Medtronic PLC
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6.1.6 MicroPort Scientific
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6.1.7 Nihon Kohden Corporation
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6.1.8 Penumbra Inc.
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6.1.9 Smith & Nephew plc
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6.1.10 Stryker Corporation
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*List Not Exhaustive -
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Italy Neurology Devices Market market is studied from 2018 - 2026.
What is the growth rate of Italy Neurology Devices Market?
The Italy Neurology Devices Market is growing at a CAGR of 5.8% over the next 5 years.
Who are the key players in Italy Neurology Devices Market?
Abbott Laboratories, B. Braun Melsungen AG, Boston Scientific Corporation, Medtronic PLC, Stryker Corporation are the major companies operating in Italy Neurology Devices Market.
