UK Neurology Device Market

$3,000.00$7,500.00

  • Type: Therapeutics Area
  • Published : April 2021
  • Region: Europe
  • Country: UK
  • Report ID : 2504

  • Format: PPT, PDF

UK Neurology Devices Market – Segmented by Device Type (Cerebrospinal Fluid Management Devices, Interventional Neurology Devices, Neurosurgery Devices and Neuro-stimulation Devices) – Growth, Trends, And Forecasts (2019 – 2028)

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Report Overview

The UK Neurology Devices Market size stood at USD xx million in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of 8% during the forecast period.

The key factors propelling the growth of the market there are huge investments made by the private players in neurology devices, increase in R&D in the field of neurotherapies, and rising of the aging population. The growth of the neurology devices market in UK is also attributed to the increasing incidence of neurological disorders that include brain aneurysms, brain tumors, epilepsy, memory disorders, multiple sclerosis, Parkinson’s disease, peripheral neuropathy, post-herpetic neuralgia, spinal cord tumor, and stroke. In addition, with the increasing healthcare spending, increasing investment by medical device manufactures, and increasing neurological disease prevalence are expected to drive the overall Neurology Devices market growth in UK.

Market Growth Drivers

The growth of neurological devices is being driven through an emphasis on developing superior neuromodulation and neurostimulation techniques, leveraging minimally invasive procedures that benefit patients. This has resulted in companies investing more in R&D, to better treat and rehabilitate the brain. As number of geriatric populations is expected to increase in coming years who are more prone to disorders such as cognitive impairment and dementia which ultimately rises the growth of market in near future. Increasing demand for minimally invasive therapy, rising prevalence of urinary bladder diseases, and technological advancements such as the introduction of novel coatings and engineering strategies are the main factors driving the growth of the market.

1. UK Neurology Devices Market Overview…….…………….……………………..
A. Market Size
2. Market Growth Drivers………………………………………………………………….
A. Increase in incidence of neurological disorders, huge investments by private players and increase in R&D in the field
B. Rising prevalence of geriatric population along with increasing urinary disorders
C. Increasing demand for minimally invasive therapy and technological advancements
3. Major Types of Neurological Disorders……….……….……….….………………..
A. Headache
B. Stroke (Brain Attack)
C. Seizures
D. Parkinson’s Disease
E. Dementia
F. Acute Spinal Cord Injury
G. Alzheimer’s Disease
H. Brain Tumours
I. Migraine Headaches
J. Guillain-Barré Syndrome
4. UK Neurology Devices Market Segmentation….…………………….…………..
By Device Type
A. Cerebrospinal Fluid Management Devices
B. Interventional Neurology Devices
I. Interventional/Surgical Simulators
II. Neurothrombectomy Devices
III. Carotid Artery Stents
C. Neurosurgery Devices
I. Neuroendoscopes
II. Stereotactic Systems
D. Neurostimulation Devices
I. Spinal Cord Stimulation Devices
II. Deep Brain Stimulation Devices
III. Sacral Nerve Stimulation Devices
5. UK Neurology Devices Market Share………….…………….………..……………..
A. Market Analysis, Insights and Forecast – By Drug Type
6. Competitive Landscape…………………………….………………………………….
A. Major Players
B. Products in Pipeline
7. Key Company Profiles…………….…………………………………….………………..
A. Abbott Laboratories Company, Product & Services, Strategies & Financials
B. Stryker Corporation, Product & Services, Strategies & Financials
C. B. Braun Melsungen AG Company, 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
B. Future Opportunities
10. Conclusion

Market Segmentation

By Device Type:

The market is segmented into Cerebrospinal Fluid Management Devices, Interventional Neurology Devices, Neurosurgery Devices and Neurostimulation Devices. The Interventional Neurology Devices is further classified into Interventional/Surgical Simulators, Neurothrombectomy Devices and Carotid Artery Stents. The Neurosurgery Devices is further classified into Neuroendoscopes and Stereotactic Systems. The Neurostimulation Devices is further classified into Spinal Cord Stimulation Devices, Deep Brain Stimulation Devices and Sacral Nerve Stimulation Devices. Neurostimulation Devices is expected to Dominate the UK Neurology Devices Market

Neurostimulation devices are implantable, programmable medical devices that deliver electrical stimulation to specific part of the patient’s brain, spinal cord, or peripheral nervous system to help treat various conditions, including chronic pain, movement disorders, epilepsy and Parkinson’s disease. Neuromodulation is an intracranial, electrical neuromodulation therapy that has FDA approval for the treatment for most of the neurological diseases such as bladder control, headache, tremors, chronic pain, stroke, minimally conscious state, and spinal cord injury, which are most found in the elderly population. These devices are found to be successful in treating bladder problems. Hence, with increasing incidences of overactive bladder, the sacral nerve stimulation devices segment is expected to grow during the forecast period.

Major Players

United Kingdom is a developed region with well-structured healthcare system. As a result, many global players in the neurology devices market are present in the country. Moreover, some domestic players have also been competing in the UK market. These factors have made the region very competitive. Major players are B. Braun Melsungen AG, Boston Scientific, Stryker Corporation, Medtronic PLC, Abbott Laboratory. The Market is fragmented 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. Furthermore, many private companies are showing great interest in developing novel neurological devices. In the coming years few other players are also expected to enter the market.

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  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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The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

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