The global Neurology Devices Market was valued at US$ 8.4 Billion in the year 2020, is projected to reach US$ 13 Billion by 2030, growing at a CAGR of 6.4% over the analysis period 2021-2030.
Cerebrospinal Fluid Management Devices, one of the segments analyzed in the report, is projected to record a 6.5% CAGR and reach US$ 1.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Interventional Neurology Devices segment is readjusted to a revised 6.4% CAGR for the next 7-year period.
Neurology Devices market size outlook report provides comprehensive coverage of market landscape including strategic growth areas, unique insights, and major trends across Neurology Devices market types and applications. It is a focused study on Neurology Devices market space including global and regional eight-year forecasts for revenues as well as proffers detailed snapshots of country-wide Neurology Devices market revenues.
Economic Impact Analysis of COVID-19 on Neurology Devices market growth opportunities
Neurology Devices market is a dynamic industry with significant opportunities for business development but the current COVID-19 conditions caused uncertainty in forecasts, shifts in short term planning goals, focus on concerns related to near term cost management, and long term complexity management. During 2020, profit pool growth varied widely across the Neurology Devices market as companies quickly aligning their strategies to the current market conditions succeeded largely. The report assists in identifying growth and business expansion opportunities that lie beneath the uncertainty.
What issues will matter in the Neurology Devices industry in 2021 and beyond
The Neurology Devices market report presents key trends and dynamics making an impact on the Neurology Devices companies across the Americas, Europe, Asia Pacific, and Other markets and provides innovative approaches to stay ahead of the competition in the opportunity-rich Neurology Devices market.
Strategies of Neurology Devices market leaders
Neurology Devices companies tend to opt for an integrated framework to boost Neurology Devices market size, acquiring new capabilities, care management, consumer engagement, utilization optimization, expanding into new markets while reducing total costs across evolving healthcare ecosystems. This report presents the major short term and long term strategies being opted by Neurology Devices companies to boost their market shares in the Neurology Devices industry.
Segmentation Analysis of Global Neurology Devices market outlook
The report forecasts global and regional Neurology Devices market size at granular levels for diverse types, applications, end-use segments, technologies, and niche market opportunities. The global and regional Neurology Devices market segmentation analysis and outlook enable you to build powerful marketing strategies and invest in the right growth segments based on a comprehensive understanding of dynamics.
Competitive Analysis of Neurology Devices Global market size and forecasts for strategy and portfolio optimization
Leading companies are focusing on tactical and strategic product portfolio management. Key Neurology Devices companies are analyzed in the market research study. The report presents a critical competitive understanding of the company’s fundamentals, financial situation, strategy, SWOT profiles, and others to make peer group comparisons.
The U.S. Market is Estimated at $2.3 Billion, While China is Forecast to Grow at 9.1% CAGR
The Neurology Devices market in the U.S. is estimated at US$ 2.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$ 2.7 Billion by the year 2027 trailing a CAGR of 9.1% over the analysis period 2020 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 5.3% respectively over the 2020-2030 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.
Neurosurgery Devices Segment to Record 6.5% CAGR
In the global Neurosurgery Devices segment, USA, Canada, Japan, China and Europe will drive the 6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$255.8 Million in the year 2020 will reach a projected size of US$385.1 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.7 Billion by the year 2027, while Latin America will expand at a 7.9% CAGR through the analysis period.
Reasons to buy
This report is a useful tool for entities operating across the Neurology Devices market including biotech, medical device and pharmaceutical companies, medical researchers, government agencies, payers, and other healthcare stakeholders. It assists in planning to enable develop new approaches to clinical development and commercialization.
The Neurology Devices market study is developed with deep knowledge and expertise across the healthcare system supported by historical datasets and advanced analytics.
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