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Saudi Arabia Neurology Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

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

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Market Snapshot

CAGR
Study Period: 2018 - 2026
Base Year: 2019
CAGR: 7.1 %

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Market Overview

The Saudi Arabia 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 incidence of neurological disorders, huge investments by private players in neurology devices, an increase in R&D in the field of neuro therapies, and the rising aging population.

 The increasing incidence of neurological disorders like brain aneurysms, brain tumors, epilepsy, memory disorders, multiple sclerosis, Parkinson’s disease, peripheral neuropathy, post-herpetic neuralgia, spinal cord tumor, and stroke. The most common neurological disease encountered in the country was epilepsy and seizure disorders accounting for 37.7 % of the neurological disorders, followed by stroke and multiple sclerosis.

 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
Interventional/Surgical Simulators
Neurothrombectomy Devices
Carotid Artery Stents
Embolic Coils
Support Devices
Neurosurgery Devices
Neuroendoscopes
Stereotactic Systems
Aneurysm Clips
Other Neurosurgery Devices
Neurostimulation Devices
Spinal Cord Stimulation Devices
Deep Brain Stimulation Devices
Sacral Nerve Stimulation Devices
Other 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 use of the sacral nerve stimulation devices and deep brain stimulation devices. The deep brain stimulation devices are 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. According to Alwaleed M Alyamani, in his article published in 2018, stated that the prevalence of Parkinson's Disease in Saudi Arabia has reached to be 27 per 100,000 population. The other neurological disease like brain tumor and spinal cord injuries are also boosting the segment growth.

Saudi Neurio

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Competitive Landscape

The Saudi Arabia 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 Scientific Stryker Corporation, Medtronic PLC, Abbott Laboratories, Johnson and Johnson, Smith & Nephew

Saudi Arabia Neurology Devices Market.png

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 Incidence of Neurological Disorders and Increasing Geriatric Population

      2. 4.2.2 Increase in R&D in the Field of Neurotherapies

    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

        1. 5.1.2.1 Interventional/Surgical Simulators

        2. 5.1.2.2 Neurothrombectomy Devices

        3. 5.1.2.3 Carotid Artery Stents

        4. 5.1.2.4 Embolic Coils

        5. 5.1.2.5 Support Devices

      3. 5.1.3 Neurosurgery Devices

        1. 5.1.3.1 Neuroendoscopes

        2. 5.1.3.2 Stereotactic Systems

        3. 5.1.3.3 Aneurysm Clips

        4. 5.1.3.4 Other Neurosurgery Devices

      4. 5.1.4 Neurostimulation Devices

        1. 5.1.4.1 Spinal Cord Stimulation Devices

        2. 5.1.4.2 Deep Brain Stimulation Devices

        3. 5.1.4.3 Sacral Nerve Stimulation Devices

        4. 5.1.4.4 Other Neurostimulation Devices

      5. 5.1.5 Other Types of Devices

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Stryker Corporation

      2. 6.1.2 Medtronic PLC

      3. 6.1.3 Abbott Laboratories

      4. 6.1.4 Siemens Healthineers

      5. 6.1.5 Nihon Kohden Corporation

      6. 6.1.6 Johnson and Johnson

      7. 6.1.7 Attieh Medico Ltd

      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 Saudi Arabia Neurology Devices Market market is studied from 2018 - 2026.

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

Stryker Corporation, Medtronic PLC, Abbott Laboratories, Siemens Healthineers, Nihon Kohden Corporation are the major companies operating in Saudi Arabia Neurology Devices Market.

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