The Business Research Company’s latest report Neurology Devices Global Market Report 2020 covers Neurology Devices market drivers, Neurology Devices market trends, Neurology Devices market segments, Neurology Devices market growth rate, Neurology Devices market major players, and Neurology Devices market size. The report provides in-depth analysis of the impact of COVID-19 on the Neurology Devices industry, along with revised market numbers due to the effects of the coronavirus.
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Neurology Devices Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global neurology devices market is expected to decline from $14 billion in 2019 to $11.8 billion in 2020 at a compound annual growth rate (CAGR) of -16.1%. The decline is mainly because of worldwide supply and demand mismatches of resources due to the COVID-19 outbreak. There is an inadequate production of devices used in neurological disease treatment, due to the restrictions imposed by governments of various countries to shutdown factories or function with minimal staffing in order to contain the spread of virus and keep the staff safe. Additionally, the restrictions on non-essential medical services also hampered the market growth. The market is then expected to recover and grow at a CAGR of 10% from 2021 and reach $20.7 billion in 2023.
The report covers the Neurology Devices market’s segments-
1) By Type: Cerebrospinal Fluid Management (CSF) Devices And Equipment, Interventional Neurology Devices And Equipment, Neurosurgery Devices And Equipment, Neurostimulation Devices.
2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Others.
3) By Type of Expenditure: Public, Private.
4) By Product: Instruments/Equipment, Disposables.
Subsegments Covered: CSF Drainage Systems, CSF Shunts, Aneurysm Coiling & Embolization Devices, Neurothrombectomy Devices, Angioplasty Devices, Interventional Neurology Support Devices, Neurosurgical Navigation Systems, Neurosurgical endoscopes, Aneurysm Clips, Stereotactic Systems, Other Neurosurgery Devices, Implantable Neurostimulation Devices, External Neurostimulation Devices.
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