The pediatric neurology device market is significantly affected by the universality of neurological disorders in children. Conditions such as epilepsy, cerebral palsy, and neurodevelopmental disorders drive the interest for specialized devices designed for pediatric neurological diagnostics and treatment.
Progressing advancements in diagnostic technologies assume a significant part in shaping the market. Innovations such as cutting-edge imaging modalities, electroencephalography (EEG), and genetic testing add to additional precise and convenient diagnoses of pediatric neurological conditions, impacting market growth.
The emphasis on early mediation in pediatric neurological disorders contributes to the market's expansion. Medical care professionals and parents perceive the significance of early location and therapy, driving the interest for devices that guide in early mediation and formative support.
The globalization of medical care enables access to specialized pediatric neurology devices around the world. Worldwide collaborations and partnerships add to the accessibility of cutting-edge innovations, shaping market accessibility and growth.
Advances in pediatric neurocritical care add to the market by increasing the requirement for specialized checking and restorative devices. Continuous examination and designated interventions in basic consideration settings drive the interest for devices that upgrade the consideration of children with neurological emergencies.
The combination of telemedicine in pediatric neurology influences the market. Remote checking, teleconsultations, and the use of computerized wellbeing platforms add to upgraded access to neurology care for children, influencing market dynamics.
Parental backing and support groups assume a part in shaping the market. Parents of children with neurological disorders effectively seek data about the latest devices and therapies, affecting the reception of cutting-edge pediatric neurology devices and driving market growth.
Pediatric Neurology Devices Market Scenario
Intended Audience
Global Pediatric Neurology Device Market Share by Neurological Subspecialties, 2016 (%)
Sources: Annual reports, Press release, White paper, Company presentation
Segmentations
The pediatric neurology devices market is segmented on the basis of type, service and treatment, neurological subspecialties, age group, and end user
By type, the pediatric neurology devices market is segmented into neurosurgery devices, neurostimulator, cerebrospinal fluid (CSF) management devices, and others.
On the basis of service and treatment, pediatric neurology devices market is segmented into electroencephalogram, intrathecal baclofen therapy, neurological evaluations, vagal nerve stimulation, and others.
On the basis of the neurological subspecialties, pediatric neurology devices market is segmented into neuro-oncology, neuromuscular, neonatal neurology, neuro-immunology, stroke, and others.
On the basis of the age group, pediatric neurology devices market is segmented into neonates, infants, children, and adolescents
On the basis of the end user, pediatric neurology devices market is segmented into hospitals, healthcare centers, neurological research centers, and others.
Regional Analysis
The Americas dominate the market owing to the rising prevalence of disease such as depression, epilepsy, and migraine, high healthcare spending, and increasing government support for research & development. According to a report published by the Centers for Disease Control and Prevention in 2017, more than 470,000 children below 17 years have epilepsy. Additionally, According to the Migraine Research Foundation, (2014), migraine was the 3rd most prevalent illness in the world. Nearly 1 in 4 U.S. households includes a migraine patient.
Europe holds the second position in the market owing to the government support for research & development and availability of funds for research. Moreover, people of this region have more healthcare awareness. This is expected to continue to drive the European market over the forecasted period.
Asia Pacific is considering the huge market for pediatric neurology devices market players owing to the presence of huge patient population in countries like India and china. Moreover, high health care expenditure, adding the fuel to this market. Additionally, countries from this region looking forward to adopt advanced technology and treatment from developed nations to improve the quality of life for their citizen.
Whereas the Middle East and Africa are considering the low market due to incapability of investment and poor healthcare infrastructure.Â
Key Players
Some of key the players in the market are Elana, Inc. (the Netherlands), Ethicon Inc. (U.S.), Inova Health System (U.S.), Medtronic (U.S.), The Nemours Foundation (U.S.), Stryker Corporation (U.S.), Boston Scientific Corporation (U.S.), B.Braun Melsungen AG (Germany), Integra LifeSciences Corporation (U.S.), St. Jude Medical, LLC (U.S.)
Research Methodology
Sources: Annual reports, Press release, White paper, and Company presentation
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