Australia Neurology Devices Market Analysis


  • Type: Therapeutics Area
  • Published : April 2021
  • Region: APAC
  • Country: Australia
  • Report ID : 4004

  • Format: PPT, PDF

Australian Neurology Devices Market: Segmented by Neurostimulation (Spinal Cord Stimulation, Deep Brain Stimulation, Sacral Nerve Stimulation, Vagus Nerve Stimulation, & Gastric Electric Stimulation), by Interventional Neurology (Aneurysm Coiling and Embolization, Neurovascular Catheters, Cerebral Balloon Angioplasty & Stents, Neurosurgery Devices, & Others)- Growth, Trends, and Forecast (2019 – 2028)

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Report Overview

The Australian Neurology Devices market size stood at around USD xx billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

Neurological conditions affect the brain, spinal cord, and the nerves that connect them. There are more than 600 diseases of the nervous system. Few examples of neurological conditions are brain cancer, cerebral palsy, dementia, epilepsy, motor neuron disease, multiple sclerosis (MS), Parkinson’s disease, spinal conditions, & others. This has encouraged researchers to focus on the development of neurology devices to change the management options for patients with a variety of diseases using minimally invasive interventional procedures. This further remains as an opportunity for Research and innovation in the Australian Neurology Devices market in the forecast period.

Market Drivers

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.

According to the Australian Bureau of Statistics, 2019, the proportion of the population aged 65 years and over increased from 12.3% to 15.9% over the 20 years. the increasing geriatric population has a heavy risk of developing neurological diseases like sleeping disorders, Parkinson’s diseases, etc. therefore, the growing geriatric population boosts the market growth in the country.

Total prevalence for neurological disorders in 2017 accounted for 10.6 million people or 43 percent of the Australian population.

Major Neurology Devices

Based on the type of devices that are used for the Australian Neurology Device market, the entire market gets segmented as Cerebrospinal Fluid Management Devices, Interventional Neurology Devices, Neurosurgery Devices, Neurostimulation Devices, & Other Types of Devices.

Among the above-mentioned segments, Neurostimulation Devices is expected to grow fastest during the forecast period. The fastest growth of the segment is due to the increasing usage of 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, 3.24 million Australians were living with chronic pain in 2018. 1.74 million were women and 1.50 million were men. The neurostimulation devices are majorly used for chronic neuropathic pain, that is not controlled by anticonvulsants and antidepressants. hence the large patient pool is a boosting factor for the segment growth.



1. Australian Neurology Devices Market Overview…………………………………
A. Market Size
2. Market Growth Drivers…………………………………………….……………………….
A. Increasing Incidence of Neurological Disorders
B. Rising Aging Population
C. Huge Investment by Private Players
3. Major Neurology devices……………………………………………………….…
A. Cerebrospinal Fluid Management Devices
B. Interventional Neurology Devices
C. Neurosurgery Devices
D. Neurostimulation Devices
E. Other Types of Devices
4. Neurology Devices Market Segmentation……………………………………
A. Neurostimulation
I. Spinal Cord Stimulation
II. Deep Brain Stimulation
III. Sacral Nerve Stimulation
IV. Vagus Nerve Stimulation
V. Gastric Electric Stimulation
B. Interventional Neurology
I. Aneurysm Coiling and Embolization
II. Neurovascular Catheters
III. Cerebral Balloon Angioplasty & Stents
IV. Neurosurgery Devices
V. Others
5. Neurology Devices Major Products Market Share…………………….…………
A. Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape…………………………………………….………….…………
A. Major Players
B. Products in Pipeline
7. Key Company Profiles………………………………………………………………….
A. B. Braun Melsungen AG company overview, Product & Services, Strategies & Financials
B. Boston Scientific Corporation overview, Product & Services, Strategies & Financials
C. Stryker Corporation overview, Product & Services, Strategies & Financials
D. Medtronic PLC Company overview, Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape……………………………………
A. Policy changes and Reimbursement scenario
9. Factors Driving Future Growth…………………………………………………………
A. New Trends and Development of Neurology Devices market
B. Future Opportunities
10. Conclusion

Market Segmentation

By Neurostimulation:

Based on Neurostimulation the Australian Neurology device market is segmented under Spinal Cord Stimulation, Deep Brain Stimulation, Sacral Nerve Stimulation, Vagus Nerve Stimulation, & Gastric Electric Stimulation. in 2019 Spinal Cure and Neuroscience Research Australia (NeuRA) announced a collaboration to further develop neurostimulation treatments in Australia.

By Interventional Neurology:

Based on Interventional Neurology the Australian Neurology device market is segmented into Aneurysm Coiling and Embolization, Neurovascular Catheters, Cerebral Balloon Angioplasty & Stents, Neurosurgery Devices, & Others. The rapid progression of medical imaging technology and the ability to leverage knowledge from non-invasive imaging means that Interventional Radiology (IRs) and Interventional Neuroradiology are optimally placed to incorporate minimally-invasive interventional paradigms into clinical management to advance patient care. There is ample opportunity to radically change the management options for patients with a variety of diseases using minimally invasive interventional procedures.

Major Players

In the competitive landscape of the Australian Neurology devices market there are several key players who contribute to most of the market share with their innovation and collaborative business expansion ideas for bringing up the better product to the market. Some of the major players are B. Braun Melsungen AG, Boston Scientific Corporation, Stryker Corporation, Medtronic PLC, Abbott Laboratories, Johnson and Johnson, Smith & Nephew PLC, Nihon Kohden Corporation, Penumbra Inc, & Others. Market players are involved in mergers with the smaller entities and research institutes to enhance their presence and aid in the development of advanced as well as safe & reliable procedures.

Research Methodology

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  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

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