Netherlands Neurology Devices Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.40 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Netherlands Neurology Devices Market Analysis
The Netherlands Neurology Devices Market is expected to grow with a CAGR of 4.4% during the forecasted period.
The COVID-19 pandemic has affected the neurology devices market in the Netherlands significantly. The treatment for neurological diseases faced several complications during the lockdown in the country. As per the article published in BioMed Central (BMC) Journal in January 2022 titled, 'Impact of the lockdown on acute stroke treatments during the first surge of the COVID-19 outbreak in the Netherlands,' approximately 14% decrease in the neurology treatment was observed during the year 2020-2021. This has affected the overall utilization of neurology devices in the Netherlands. However, a post-covid scenario in the country is different than that of the year 2020 as most of the elective surgeries are being performed in the country, as stated by the Department of Neurosurgery and Neurology, Radboud University Nijmegen Medical Center, Nijmegen, the Netherlands in January 2022. Hence, with the above-mentioned factors, it is observed that COVID-19 had a negative impact on the neurology devices market in the Netherlands.
The key factors propelling the growth of this market are an increase in the incidence of neurological disorders, huge investments by private players in neurology devices, and an increase in R&D in the field of Neurotherapy. According to the World Ageing 2021 report, the number of people who are above 65 years of age in the Netherlands was 2,618,874 in 2021 which is projected to reach 4.295 million (24.6%) in 2030. The number of geriatric population is expected to increase in coming years who are more prone to disorders such as cognitive impairment and dementia which ultimately rises the growth of the market in near future.
Thus, owing to the above factors the market is expected to show significant growth over the forecast period.
Netherlands Neurology Devices Market Trends
This section covers the major market trends shaping the Netherlands Neurology Devices Market according to our research experts:
Neurostimulation Devices are Expected to Grow Fastest during the Forecast Period
The sacral nerve stimulation devices are mostly used for patients for whom drug therapy or other types of medications are not successful. It is performed with the help of a small device, which is capable of sending electrical impulses to the targeted sacral nerves located in the lower back region. According to Alzheimer's Europe report published in 2020, the number of people living with Alzheimer's disease in the Netherlands is expected to reach 75,899 in the age group 75-79 years. Whereas, it is expected to reach 136,534 people aged 80 years and above. The high prevalence of such neurological diseases is expected to boost segment growth over the forecast period.
As per the data from University Medical Center published in October 2021, one in four people in the Netherlands has a neurological and/or a psychological disorder. Hoofdzaken is an initiative of the Dutch Brain Foundation (Hersenstiching), MIND, and the Netherlands Organisation for Health Research and Development (ZonMw) for research into solutions that will allow these patients to live longer in good health. Owing to such initiatives in the country, awareness about neurological diseases has increased. Hence, the market studied is expected to witness strong growth due to presence of the organizations such as the Dutch Brain Foundation.
Thus, owing to the above factors the segment is expected to show significant growth over the forecast period.
Netherlands Neurology Devices Industry Overview
The Netherlands Neurology Devices Market is fragmented competitive. There are market participants involved in R&D for the development of advanced stimulation and neuromodulation techniques with minimally invasive procedures that are more preferable to the patients. Furthermore, many private companies are showing great interest in developing novel neurological devices to earn huge profits. In the coming years few other players are expected to enter into the market.
Netherlands Neurology Devices Market Leaders
B. Braun Melsungen AG
Boston Scientific Corporation
Stryker Corporation
Medtronic PLC
Abbott Laboratories
*Disclaimer: Major Players sorted in no particular order
Netherlands Neurology Devices Market News
- In August 2022, Brain Scientific a medical device technology company announced that it received the Conformité Européenne (CE) Mark for the NeuroCap.
- In March 2022, Braintale, the cerebral white matter specialist French Medtech, announces today the launch of the brainTale-care platform with its modules brainQuant, dedicated to white matter quantification, and brainScore-coma, offering the prediction of coma recovery. The company is taking a decisive step in its development by providing doctors and medical teams with innovative decision support for digital medical devices in Europe.
Netherlands Neurology Devices Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and 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 Increase in Incidence of Neurological Disorders
4.2.2 Huge Investments by Private Players in Neurology Devices
4.2.3 Increase in R&D in the Field of Neurotherapies
4.3 Market Restraints
4.3.1 High Cost of Equipment
4.3.2 Stringent FDA Validation and Guidelines for New Devices
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD million)
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 Stryker Corporation
6.1.3 Boston Scientific Corporation
6.1.4 Medtronic PLC
6.1.5 Abbott Laboratories
6.1.6 Johnson and Johnson
6.1.7 Nihon Kohden Corporation
6.1.8 Smith & Nephew
6.1.9 Elekta AB
6.1.10 Integra LifeSciences Corporation
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Netherlands 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. The Netherlands Neurology Devices Market is segmented by Type of Device (Cerebrospinal Fluid Management Device, Interventional Neurology Device, Neurosurgery Device, Neurostimulation Device, and Other Type 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 |
Netherlands Neurology Devices Market Research FAQs
What is the current Netherlands Neurology Devices Market size?
The Netherlands Neurology Devices Market is projected to register a CAGR of 4.40% during the forecast period (2024-2029)
Who are the key players in Netherlands Neurology Devices Market?
B. Braun Melsungen AG, Boston Scientific Corporation, Stryker Corporation, Medtronic PLC and Abbott Laboratories are the major companies operating in the Netherlands Neurology Devices Market.
What years does this Netherlands Neurology Devices Market cover?
The report covers the Netherlands Neurology Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Netherlands Neurology Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Netherlands Neurology Devices Industry Report
Statistics for the 2024 Netherlands Neurology Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Netherlands 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.
