South Korea Neurology Devices Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The South Korea 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.

South Korea Neurology Devices Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

South Korea Neurology Devices Market Size

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South Korea Neurology Devices Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 6.80 %

Major Players

South Korea Neurology Devices Market Major Players

*Disclaimer: Major Players sorted in no particular order

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South Korea Neurology Devices Market Analysis

The South Korea Neurology Devices Market is expected to register a CAGR of 6.8% during the forecast period.

COVID-19 had a significant impact on the growth of the market in South Korea. This was mainly due to the reduction of neurological services during the initial stages of the pandemic owing to the imposition of strict lockdown procedures. For instance, the NCBI article published in May 2022 mentioned that the causes of the disruption of neurological services in south korea were due to the closure of inpatient or outpatient services or consultations as per health authority directives and decreased volume of patients due to the cancellation of elective care. Such disruption of neurological services in South Korea due to the pandemic had a significant impact on the growth of the market during the pandemic period. However, the resumption of neurology services in this country after the relaxation of strict lockdown regulation during the post-pandemic period is expected to boost the growth of the market over the forecast period.

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 neuro therapies.

The population in South Korea is aging rapidly. According to the World Population Ageing 2021 report, in South Korea population aged above 65 years or over is expected to reach 12.658 million (24.7%) by 2030. This growing geriatric population is more prone to neurological disorders such as Alzheimer's disease, and Parkinson's' disease which is expected to drive the growth of the market over the forecast period. Also, the increasing incidence of neurological disorders is one of the factors propelling the market growth. For instance, an NCBI article published in May 2022, reported that in South Korea, the age-standardized incidence of Alzheimer's during this timeframe has increased from 1.83 per 1,000 persons in 2020 to 5.21 per 1,000 in 2021. The age-standardized prevalence of Alzheimer's disease increased from 3.17 to 15.75 per 1,000 persons.

Thus, owing to the above factors the market is expected to show significant growth over the forecast period.

South Korea Neurology Devices Industry Overview

The South Korea Neurology Devices Market is moderately fragmented and competitive. There are market participants involved in R&D for the development of advanced stimulation and neuromodulation techniques with minimally invasive procedures that are preferable to the patients. Some of the key players in the neurology devices market are B. Braun SE, Boston Scientific Corporation, Stryker Corporation, Medtronic PLC, Abbott Laboratories, and Smith & Nephew.

South Korea Neurology Devices Market Leaders

  1. Stryker Corporation

  2. Medtronic PLC

  3. Abbott Laboratories

  4. Elekta AB

  5. B. Braun SE

  6. *Disclaimer: Major Players sorted in no particular order
South Korea Neurology Devices Market Concentration
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South Korea Neurology Devices Market News

  • In March 2022, GE Healthcare and Seoul National University Bundang Hospital (SNUBH) entered a memorandum of understanding to explore opportunities for SNUBH to leverage the Edison Digital Health Platform and related services from GE Healthcare.
  • In July 2021, Neurolief announced an exclusive licensing agreement for NeuroFront to develop and commercialize Relivion, non-invasive medical devices for the treatment of migraine and depression, in Greater China (mainland China, Hong Kong, Macau and Taiwan) and South Korea.

South Korea 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 Increasing R&D and Huge Investments by Private Players in Neurology Devices
  • 4.3 Market Restraints
    • 4.3.1 High Cost of Equipment
  • 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
    • 5.1.2.1 Interventional/Surgical Simulators
    • 5.1.2.2 Neurothrombectomy Devices
    • 5.1.2.3 Carotid Artery Stents
    • 5.1.2.4 Embolic Coils
    • 5.1.2.5 Support Devices
    • 5.1.3 Neurosurgery Devices
    • 5.1.3.1 Neuroendoscopes
    • 5.1.3.2 Stereotactic Systems
    • 5.1.3.3 Aneurysm Clips
    • 5.1.3.4 Other Neurosurgery Devices
    • 5.1.4 Neurostimulation Devices
    • 5.1.4.1 Spinal Cord Stimulation Devices
    • 5.1.4.2 Deep Brain Stimulation Devices
    • 5.1.4.3 Sacral Nerve Stimulation Devices
    • 5.1.4.4 Other Neurostimulation Devices
    • 5.1.5 Other Types of Devices

6. COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 B. Braun SE
    • 6.1.2 Stryker Corporation
    • 6.1.3 Medtronic PLC
    • 6.1.4 Abbott Laboratories
    • 6.1.5 Johnson and Johnson
    • 6.1.6 Elekta AB
    • 6.1.7 Smith & Nephew
    • 6.1.8 Integra LifeSciences Corporation
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments
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South Korea 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 South Korea 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 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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South Korea Neurology Devices Market Research FAQs

What is the current South Korea Neurology Devices Market size?

The South Korea Neurology Devices Market is projected to register a CAGR of 6.8% during the forecast period (2025-2030)

Who are the key players in South Korea Neurology Devices Market?

Stryker Corporation, Medtronic PLC, Abbott Laboratories, Elekta AB and B. Braun SE are the major companies operating in the South Korea Neurology Devices Market.

What years does this South Korea Neurology Devices Market cover?

The report covers the South Korea Neurology Devices Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the South Korea Neurology Devices Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

South Korea Neurology Devices Industry Report

Statistics for the 2025 South Korea Neurology Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South Korea Neurology Devices analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.