Spain Neurology Devices Market- Growth, Trends, and Forecasts (2020 – 2025)

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

Market Snapshot

CAGR
Study Period: 2017-2025
Base Year: 2019
CAGR: 7.1 %

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Market Overview

The Spain 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, 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, spinal cord tumor, and stroke.

According to the Institute for Health Metrics and Evaluation, 2017, the number of cases for epilepsy, Parkinson's disease, and brain tumors was 11,707, 13,771, 6,631 respectively. the large patient pool in the country is expected to increase the demand for the devices.

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
Neurosurgery Devices
Neurostimulation Devices
Other Types of Devices

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Key Market Trends

Neurosurgery Devices is Expected to Grow Fastest during the Forecast Period

Neurosurgery devices are widely used for the treatment of various neurological disorders that cannot be cured just with therapeutic drugs. Common neurological disorders include brain tumor, stroke, Parkinson’s disease, Alzheimer’s disease, Epilepsy, and multiple sclerosis. The increasing prevalence of these diseases is escalating the demand for neurosurgery devices.

According to Globocan, 2018 report, the number of brain tumor cases was recorded to be 4,281 which is estimated to increase to 4, 894 in 2030, and 5,256 by 2040. Brain tumors alone constitute to this number all the neurological disorders in the country is a large pool which increases the demand for the devices.

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Competitive Landscape

The Spain 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 B. Braun Melsungen AG, Boston Scientific Corporation, Stryker Corporation, Medtronic PLC, Abbott Laboratories, Johnson and Johnson, Smith & Nephew

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 Burden of Neurological Disorders

      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 and Stringent Guidelines for New Devices

    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

      3. 5.1.3 Neurosurgery Devices

      4. 5.1.4 Neurostimulation Devices

      5. 5.1.5 Other Types of Devices

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 B. Braun Melsungen AG

      2. 6.1.2 Boston Scientific Corporation

      3. 6.1.3 Stryker Corporation

      4. 6.1.4 Medtronic PLC

      5. 6.1.5 Abbott Laboratories

      6. 6.1.6 Johnson and Johnson

      7. 6.1.7 Smith & Nephew PLC

      8. 6.1.8 Nihon Kohden Corporation

    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 Spain Neurology Devices Market market is studied from 2017 - 2025.

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

B. Braun Melsungen AG, Boston Scientific Corporation, Stryker Corporation, Medtronic PLC, Abbott Laboratories are the major companies operating in Spain Neurology Devices Market.

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