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Pediatric Neurology Device Market by Type (Neurosurgery Devices and Neurostimulator and Cerebrospinal Fluid (CSF) Management Devices), Service & Treatment (Electroencephalogram, Intrathecal Baclofen Therapy, and Neurological Evaluations & Vagal Nerve Stimulation), Neurological Subspecialties (Neuro-Oncology, Neuromuscular, Neonatal Neurology, Neuro-Immunology, and Stroke), Age Group (Neonate, Infants, Children, and Adolescents), and End User (Hospitals, Neurological Research Centers, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A11670
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Aug 2021 | 80 Views
   
Author(s) : Onkar Sumant
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Pediatric neurology is a specialized branch of medicine that is known to deal with management and diagnosis of neurological conditions in newborns, infants, children, and adolescents. The discipline of pediatric neurology encompasses disorders and diseases of brain, spinal cord, autonomic nervous system (ANS), peripheral nervous system (PNS), blood vessels, and muscles that affect a child's nervous system. Most common conditions that pediatric neurologists deal with vary from cerebral palsy or migraines to rare and more complex conditions such as neurodegenerative disorders. In addition, huge number of patients treated in pediatric neurology have learning difficulties, developmental problems, and epilepsy.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

  2020–2028

  Base Year Considered

  2020

  Forecast Period

  2021–2028

  Forecast Unit

  Value (USD)

  Segments Covered

Type, Service & Treatment, Neurological Subspecialties, Age Group, End User, and Region

  Regions Covered

  North America, Europe, Asia-Pacific, and LAMEA

  Companies Covered

Boston Scientific Corporation, B.Braun Melsungen AG, Integra LifeSciences Corporation, St. Jude Medical, LLC, The Nemours Foundation, Inova Health System, Medtronic, Ethicon Inc., Elana, Inc., Abbott, Zimmer Biomet Holdings, Inc., Baxter International Inc., Co-Diagnostics, Inc., Russell Medical, Geisinger Health, Beaumont Health, Catholic Health Initiatives, Blue Sky Neurology, Allengers Medical Systems Limited, and ROIVANT SCIENCES LTD.


Impact of COVID-19 on the Medical Device Market

COVID-19 is an infectious disease that originated in the Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.

There has been an increase in demand for medical supplies to take care of infected population. Respiratory support devices such as atomizers, life support machines, oxygen generators, and monitors are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment, including masks, gloves, and protective eyeglasses. An increase has been witnessed in the need for medical supplies, both from healthcare professionals and the civil population for precautionary measures, owing to the rise in the number of COVID-19 cases worldwide. Manufacturers of these products have a chance to capitalize on this increased demand for medical supplies to ensure an adequate and continuous supply of personal protective equipment in the pediatric neurology device market .

With COVID-19, the supply chain of raw material required to manufacture pediatric neurology devices has been disrupted in many countries. In addition, the market growth of pediatric neurology devices is also declining as manufacturers of these devices have slowed down their production, owing to the pandemic. Therefore, COVID-19 is expected to have a significant impact on the pediatric neurology device market.

Top Impacting Factors

  • Growth of the pediatric neurology device market is primarily attributed to rise in prevalence of neurological disorders in children. In addition, prevalence of epilepsy and migraines in children also appear to be higher these days.
  • Governments of developing nations are looking forward to adopting advanced technologies to support launch of medical devices that help and treat children suffering from neurological disorders. This is one of the factors that drives growth of the pediatric neurology device market.
  • Increase in government funding to support research and development activities for invention of new medical devices and factors such as as changing lifestyles led by growing industrialization and urbanization also propel the market growth.
  • However,  high cost associated with diagnosis and monitoring of neurological disorders is one of the factors that is expected to impede the pediatric neurology device market growth during the forecast period.

Key Market Trends

In May 2021, a neurology-focused medical device and software company, Brain Scientific Inc. announced that it has received an order for NeuroCap. This order was placed by the Maine Medical Center and these caps are intended to be used for pediatric patients.

North America leads the pediatric neurology device market. This position of the region can be attributed to rise in number of cases of Parkinson’s disease, epilepsy, and migraine in children. In addition, high number of research and development activities in the field of medical devices are held in North America.

Asia-Pacific also accounts for a huge market share in the pediatric neurology device market, owing to huge patient population in countries such as China and India. In addition, high healthcare expenditure by governments in this region also fuels growth of the market.

Europe has the second position in the pediatric neurology device market, owing to the support from governments in the research and development of better pediatric medical devices. Moreover, people in Europe have more healthcare awareness, which further propels the market growth.

Key Segments Covered

Segment

Subsegments

  Type

  • Neurosurgery Devices
  • Neurostimulator and Cerebrospinal Fluid (CSF) Management Devices

  Service and Treatment

  • Electroencephalogram
  • Intrathecal Baclofen Therapy
  • Neurological Evaluations and Vagal Nerve Stimulation

  Neurological Subspecialties

  • Neuro-Oncology
  • Neuromuscular
  • Neonatal Neurology
  • Neuro-Immunology
  • Stroke

  Age Group

  • Neonate
  • Infants
  • Children
  • Adolescents

  End User

  • Hospitals
  • Neurological Research Centers
  • Others

  Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

 

Key Benefits of the Report

  • This study presents the analytical depiction of the pediatric neurology device industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the pediatric neurology device market share.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the pediatric neurology device market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in the coming years

Questions Answered in the Global Pediatric Neurology Device Report

  • Which are the leading players active in the pediatric neurology device market ?
  • How is each segment of the market expected to grow during the forecast period?
  • What are the adoption trends for the pediatric neurology device market in emerging economies and established economies across the world?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What future projections would help in taking further strategic steps in the market?
  • What are the impacts of COVID-19 on the industry?
  • What is pediatric neurology device ?
  • What are the current and predicted trends of the market?
 
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