Belgium Neurology Devices Market Analysis Report 2022 to 2030

Belgium Neurology Devices Market Analysis

$ 3999

The Belgium Neurology Device Market is expected to witness growth from $xx Bn in 2022 to $xx Bn in 2030 with a CAGR of xx% for the forecasted year 2022-2030. Belgium's market for neurological devices is developing as a result of an aging population, improved healthcare facilities, and an increase in neurological illnesses. The market is segmented by product type and by the end user. Major Key players in Malaysia's neurology devices market include Medec, Heyer nv, Nihon Kohden, Medtronic, Boston Scientific, and Johnson and Johnson.

ID: IN10BEMD012 CATEGORY: Medical Devices GEOGRAPHY: Belgium AUTHOR: Jigyasu Bhandari

Buy Now

Belgium Neurology Devices Market Executive Analysis

The Belgium Neurology Devices Market size is at around $xx Bn in 2022 and is projected to reach $xx Bn in 2030, exhibiting a CAGR of xx% during the forecast period. Belgium spent 0.3% of its GDP on public healthcare administration and insurance in 2015, which is in line with the EU average for the same year. The total amount spent on health in Belgium has consistently climbed as a share of GDP, rising from 10.5% in 2015 to 12.5% in 2020. The overall budget is greater than the average for the EU. Public (total) spending has risen rather gradually over the past ten years and is generally in line with European Union (EU) levels.

In Belgium, there were reportedly 202,000 dementia sufferers. About 5.5 epileptic cases per 1,000 people are thought to exist in Belgium. Every year, about 19,000 people in Belgium experience a stroke. Parkinson's disease is thought to affect 108.2 out of every 100,000 people in Belgium. According to the Belgian MS Association, the frequency of multiple sclerosis (MS) is thought to be between 12,000 and 13,000 people in Belgium. Neurology devices are necessary for the detection, management, and treatment of neurological illnesses. A variety of neurology equipment is required in Belgium to help the healthcare system meet the demands of individuals with neurological problems. Patients recovering from neurological diseases like spinal cord injuries and stroke use neurology devices, such as robotic exoskeletons and virtual reality systems. Devices for neurology are used to treat neurological conditions like spasticity, mobility problems, and chronic pain. Intrathecal pumps, deep brain stimulation equipment, and neurostimulation equipment are some of these technologies. Neurology equipment, such as magnetoencephalography and transcranial magnetic stimulation machines, are needed for the investigation and development of novel treatments for neurological issues.

Market Dynamics

Market Growth Drivers

In Belgium, neurology equipment is essential for improving the diagnosis and treatment of neurological disorders and for providing high-quality patient care. Belgium's market for neurological devices is developing as a result of an aging population, improved healthcare facilities, and an increase in neurological illnesses. As the population ages, it is anticipated that neurological illnesses including Alzheimer's, Parkinson's, and multiple sclerosis would become more common. The demand for neurology devices that can aid in the diagnosis, treatment, and management of these disorders is anticipated to rise as a result. The need for newer and more advanced devices is anticipated to be driven by improvements in neurology device technology, particularly more sophisticated imaging methods, and minimally invasive procedures. Manufacturers who can keep up with these technological improvements will probably continue to grow.

Market Restraints

Belgium's neurology devices market is extremely crowded with well-established competitors. New manufacturers may find it challenging to enter the market and outpace recognized names as a result. The purchasing power of healthcare professionals and patients may be restricted by financial and budgetary constraints, which may impact the market's demand for neurology devices in Belgium.

Competitive Landscape

Key Players

Medec (BE)
Heyer nv (BE)
Nihon Kohden
Medtronic
Boston Scientific
Johnson and Johnson

Notable Recent Deals

2021: Stimgenics, a Belgian company that specializes in the creation of neuromodulation therapies for the treatment of chronic pain, was acquired by Medtronic. By incorporating Stimgenic's exclusive technology into its portfolio, the acquisition is anticipated to improve Medtronic's position in the market for neurology devices.

Healthcare Policies and Regulatory Landscape

The Federal Agency for Pharmaceuticals and Health Products (FAMHP) is in charge of regulating and setting healthcare standards in Belgium for neurological devices. The marketing and usage of neurology devices are governed by FAMHP. Belgium's neurology device regulations are in compliance with those of the European Union (EU). To guarantee the efficacy and safety of medical equipment, particularly neurology devices, the EU has created a set of regulations. These regulations include the Medical Devices Regulation (MDR) and In Vitro Diagnostic Medical Devices Regulation (IVDR), which have taken the place of the former Medical Devices Directive (MDD) and In Vitro Diagnostic Medical Devices Directive (IVDD).

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.