Africa Neurology Devices Market Analysis Report 2022 to 2030

Africa Neurology Devices Market Analysis

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The Africa Neurology Device Market is expected to witness growth from $189 Mn in 2022 to $386 Mn in 2030 with a CAGR of 9.30% for the forecasted year 2022-2030. As the population ages, lifestyle and dietary trends shift, and the burden of non-communicable diseases rises, neurological disorders are becoming more prevalent in Africa, and this trend is predicted to continue in the years to come. In order to diagnose and treat these disorders, there is a higher need for neurology devices. The market is segmented by product type and by the end user. Some key players in this market include Johnson and Johnson, GE Healthcare, Stryker, Medtronic, Stryker, Abbott laboratories and Philips Healthcare.

ID: IN10AFMD012 CATEGORY: Medical Devices GEOGRAPHY: Africa AUTHOR: Jigyasu Bhandari

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Africa Neurology Devices Market Executive Analysis

The Africa Neurology Devices Market size is at around $189 Mn in 2022 and is projected to reach $386 Mn in 2030, exhibiting a CAGR of 9.30% during the forecast period. In comparison to the global norm of $1,026 per capita, Africa spent only $214 on health on average. While Ethiopia only spent $38 per person on healthcare, South Africa spent about $1,182 per person.

The prevalence of stroke in Africa ranges from 0.5% to 1.0% of the population, and the incidence ranges from 100 to 316 per 100,000 persons per year. In Africa, epilepsy is a common neurological condition that is more prevalent in rural regions. In Africa, the prevalence of epilepsy ranges from 1% to 3% of the population, and the incidence is between 50 to 100 cases per 100,000 individuals per year. In Africa, multiple sclerosis is a neurological condition that is less common than it is in other parts of the globe. Less than 0.1% of the populace is thought to have multiple sclerosis in Africa. In Africa, neuromuscular diseases like muscular dystrophy are widespread, with some ethnic groups having a greater prevalence than others. Numerous neurological conditions, including Alzheimer's disease, spinal cord injuries, and traumatic brain injuries, are treated, prevented, and identified using neurology equipment. These gadgets are also used to help people with limb loss or congenital limb differences regain their hearing and sight. The four main types of neurology devices are CSF management devices and equipment, interventional neurology devices and equipment, neurosurgery devices and equipment, and neurostimulation devices.

Africa Neurology Device Market Analysis

Market Dynamics

Market Growth Drivers

As the population ages, lifestyle and dietary trends shift, and the burden of non-communicable diseases rises, neurological disorders are becoming more prevalent in Africa, and this trend is predicted to continue in the years to come. In order to diagnose and treat these disorders, there is a higher need for neurology devices. Modern neurology devices are being developed as a result of technological advancements, and they offer improved accuracy, speed, and usability. Manufacturers with a competitive edge in the market may be those who can keep up with these technological developments. Numerous African countries are funding medical technology and infrastructure, including neurology devices. This might raise consumer desire for these devices and open up new market opportunities for suppliers.

Market Restraints

There are weak Neurology device regulatory regimes in many African nations. This may make it more challenging to enforce quality standards and obtain regulatory clearance for new and innovative devices. Compared to other continents, Africa has a minor market for neurology devices. This may reduce the likelihood of development and financial success for manufacturers. Manufacturers may find it challenging to plan and carry out their strategies due to the unpredictable business climate created by political unrest in some African nations.

Competitive Landscape

Key Players

Philips Healthcare
Medtronic
Abbott Laboratories
Johnson & Johnson
Boston Scientific
Nihon Kohden
GE Healthcare
Stryker

Notable Recent Deals

October 2020: Ilara Health, a Kenyan manufacturer of medical devices, received $3.75 million in a Series A funding round led by TLcom Capital in October 2020. The money will be used to create new diagnosis tools and broaden the company's diagnostic capabilities throughout Africa.

February 2020: The French venture capital firm Elaia Partners led a financing round that collected $1.5 million for the Moroccan medical device company Neuronic AI, which made the announcement in February 2020. For the detection and treatment of neurological diseases, Neuronic AI creates AI-powered medical devices.

Healthcare Policies and Regulatory Landscape

Numerous regulatory agencies in African nations are in charge of registering and regulating medical devices, including neurology devices. These regulatory organisations may require various criteria for approval and may take a variety of times to do so. While some nations may accept approvals from other nations, others may call for their own distinct approvals. The Department of Health (DOH) and the Medicines Control Council (MCC), which are in charge of ensuring that all neurology devices and medications adhere to safety and efficacy standards, are in charge of overseeing healthcare policies and laws in South Africa. In South Africa, neurology devices are governed by the South African Health Products Regulation Authority (SAHPRA). Before being distributed in South Africa, neurology devices must be registered with SAHPRA and meet safety and efficacy requirements.

1. Executive Summary
1.1 Device Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Regulatory Landscape for Medical Device
1.6 Health Insurance Coverage in Country
1.7 Type of Medical Device
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Neurology Device Market Segmentation

The Neurology Device Market is segmented as mentioned below:

By Product Type (Revenue, USD Billion):

Neurostimulation
?Spinal Cord Stimulation Devices
Deep Brain Stimulation Devices
Sacral Nerve Stimulation
Vagus Nerve Stimulation
Gastric Electric Stimulation
Interventional Neurology
- Aneurysm Coiling & Embolization
- Embolic Coils
- Flow Diversion Devices
- Liquid Embolic Agents
- Cerebral Balloon Angioplasty & Stenting
- Carotid Artery Stents
- Filter Devices
- Balloon Occlusion Devices
- Neurothrombectomy
- Clot Retriever
- Suction Aspiration Devices
- Snares
CSF Management
- CSF Shunts
- CSF Drainage
Neurosurgery Devices
- Ultrasonic Aspirators
- Stereotactic Systems
- Neuroendoscopes
- Aneurysm Clips

By End User (Revenue, USD Billion):

??Hospitals and Clinics
Specialty Centres
Others

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.

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The market is segmented by product type and by end-user

The Africa Neurology devices market is studied from 2022-2030.

Stryker, Johnson and Johnson, GE Healthcare, Stryker, Medtronic, Abbott Laboratories and Philips Healthcare are the major companies operating in Africa's neurology devices market.