Market Size of Netherlands Neurology Devices Industry
| 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.
