Pediatric Neurology Devices Market Size, Application and Growth Analysis By Type (Neurostimulator) Service & Treatment (Electroencephalogram) Neurological Subspecialties (Stroke) Age Group (Infants) End User (Hospitals) Forecast till 2030

ID: MRFR/MED/0122-HCR | 115 Pages | Author: Rahul Gotadki | September 2023

Global Pediatric Neurology Devices Market

Pediatric Neurology Devices Market Scenario

The pediatric neurology devices market is anticipated to reach USD 3,241.68 Million by 2030 at 4.5% CAGR during the forecast period 2022-2030.Pediatric neurology is a branch of science referring to neurological disorders in children such as insomnia and frequent headaches. The prevalence of neurological disorders in children is rising rapidly. Neurological disorders are diseases of spine, brain, and nerves that connect them. Approx. 600 diseases of the nervous system are present across the world. However, there are many devices introduced by the market players for the diagnosis and treatment of neurological disorders in children. Neurological disorders are either lower risk disorders or major risk disorders. Lower risk disorders include insomnia, delayed speech, poor muscle tone, and frequent headaches, whereas major risk disorders include head and spinal cord trauma, infections or inflammatory processes, neuro-genetic disorder, epilepsy, seizures, and others. Various pediatric neurology devices are available in the market, which are used for the treatment of neurological disorders in children. These devices are designed such that it can be used for the treatment of a wide range of neurological disorders. Pediatric neurology devices market growth is majorly attributed to the increasing prevalence of neurological disorders and other related problems across the globe. According to the Migraine Research Foundation report, it has been observed that half of all migraine sufferers have their first attack before the age of 12 and migraine has even been reported to in 18 months old children. Additionally, the prevalence of epilepsy in children appears to be lower in developed countries and highest in rural areas of underdeveloped countries.

Moreover, the government of developing countries are looking forward to adopting advanced technology from the developed nations to improve the quality of life of their citizen and also support the launch of medical devices for treating and helping children with neurological disorders. However, the high cost associated with monitoring and diagnosis of the neurological diseases may restrain the market growth.

Intended Audience

Pediatric Neurology Device Manufacturers

Pediatric Neurology Device Suppliers & Distributors

Neurological Hospitals and Clinics

Research and Development (R&D) Companies

Medical Research Laboratories

Academic Medical Institutes and Universities

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.

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

Report Scope:

Report Attribute/Metric	Details
Market Size	2030: USD 3,241.68 Million
CAGR	4.5% (2022-2030)
Base Year	2021
Forecast Period	2022-2030
Historical Data	2020
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	type, service and Treatment, Neurological Subspecialties, Age group, and End user
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	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.)
Key Market Opportunities	New product launches and R&D Amongst major key Players
Key Market Drivers	Increasing prevalence of neurological disorders

Frequently Asked Questions (FAQ) :

What is the pediatric neurology devices market CAGR during the forecast period (2022-2030)?

The pediatric neurology devices market CAGR would be 4.5% during the forecast period.

What could be the pediatric neurology devices market restraints?

The pediatric neurology devices market restraints would be high cost included for monitoring and diagnosis of various neurological diseases.

Name the end users included in the pediatric neurology devices market report.

The pediatric neurology devices market report includes healthcare centers, neurological research centers, hospitals, and others as end users.

Which region would dominate the pediatric neurology devices market?

The pediatric neurology devices market would be dominated by the Americas.

Which region would be the fastest-growing in the pediatric neurology devices market?

The Asia Pacific pediatric neurology devices market would be the fastest-growing.

Key Questions Answered

✅Global Market Outlook
✅In-depth analysis of global and regional trends
✅Analyze and identify the major players in the market, their market share, key developments, etc.
✅To understand the capability of the major players based on products offered, financials, and strategies.
✅Identify disrupting products, companies, and trends.
✅To identify opportunities in the market.
✅Analyze the key challenges in the market.
✅Analyze the regional penetration of players, products, and services in the market.
✅Comparison of major players’ financial performance.
✅Evaluate strategies adopted by major players.
✅Recommendations

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