The exclusive research report on the Pediatric Neurology Devices Market 2019 examines the market in detail along with focusing on significant market dynamics for the key players operating in the market. Global Pediatric Neurology Devices Industry research report offers granulated yet in-depth analysis of revenue share, market segments, revenue estimates and various regions across the globe. The Global Pediatric Neurology Devices Market is expected to grow at a CAGR of 6.3% during the forecast period, 2017-2023.
Pediatric Neurology Device Market – Highlights
Pediatric Neurology is a medical segment that deals in diagnosing, treating and managing disorders of the brain and nervous system of children. Pediatric neurology devices are designed to be useful in diagnosis and treatments of various neurological complications occurring in children such as disorders of the nervous system, brain, spinal cord, nerves, muscles, and pain.
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Additional factors substantiating the market growth include increasing governmental funding and programs especially in the developing regions to support the R&D activities undertaken for the invention of new devices. Technological advancements that took place in the smart and connected devices and the proliferation of some ubiquitous technologies such as the Artificial Intelligence (AI) and Internet of Things (IoT) in the pediatric neurology devices foster the market growth.
Furthermore, factors fostering the market growth include the changing lifestyle led by the growing urbanization and industrialization alongside the improving economic conditions that enable access to the quality care and to the improved healthcare worldwide. Advancements in surgeries, fuel the market growth. Most of the countries around the world, including well-developed and developing regions, are grappling with shortages of pediatric neurology devices.
Pediatric Neurology Device Market – Key Players
Some of key the players in the market are
- Elana, Inc. (the Netherlands)
- Ethicon Inc. (U.S.)
- Inova Health System (U.S.)
- Medtronic (U.S.)
- The Nemours Foundation (U.S.)
- Stryker Corporation (U.S.)
- Boston Scientific Corporation (U.S.)
- Braun Melsungen AG (Germany)
- Integra LifeSciences Corporation (U.S.)
- Jude Medical, LLC (U.S.)
Pediatric Neurology Device Market – Segmentations
The Global Pediatric Neurology Devices Market is segmented on the basis of type, service and treatment, neurological subspecialties, age group, and end user
By type, the global market is segmented into neurosurgery devices, neurostimulator, cerebrospinal fluid (CSF) management devices, and others.
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On the basis of service and treatment, it is segmented into electroencephalogram, intrathecal baclofen therapy, neurological evaluations, vagal nerve stimulation, and others.
On the basis of the neurological subspecialties, it is segmented into neuro-oncology, neuromuscular, neonatal neurology, neuro-immunology, stroke, and others.
On the basis of the age group, it is segmented into neonates, infants, children, and adolescents
On the basis of the end user, it is segmented into hospitals, healthcare centers, neurological research centers, and others.
Pediatric Neurology Device Market – Regional Analysis
The Americas dominate the market owing to the rising prevalence of disease such as depression, epilepsy, and migraine, high healthcare spending, and increasing government support for research & development. According to a report published by the Centers for Disease Control and Prevention in 2017, more than 470,000 children below 17 years have epilepsy. Additionally, According to the Migraine Research Foundation, (2014), migraine was the 3rd most prevalent illness in the world. Nearly 1 in 4 U.S. households includes a migraine patient.
Europe holds the second position in the market owing to the government support for research & development and availability of funds for research. Moreover, people of this region have more healthcare awareness. This is expected to continue to drive the European market over the forecasted period.
Asia Pacific is considering the huge Pediatric Neurology Devices Market players owing to the presence of huge patient population in countries like India and china. Moreover, high health care expenditure, adding the fuel to this market. Additionally, countries from this region looking forward to adopt advanced technology and treatment from developed nations to improve the quality of life for their citizen.
Whereas the Middle East and Africa are considering the low market due to incapability of investment and poor healthcare infrastructure.
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