Pediatric Neurology Device: Increasing Prevalence of Major Neurological Disorders is Expected to Boost The Global Market at a CAGR of 6.3% During The Forecast Period, 2017-2023

Pune, India, February 2018 /MRFR Press Release/- Market Research Future has a half cooked research report on the global pediatric neurology device market.

Market Highlights

The demand for pediatric neurological device market is growing rapidly across the world owing to a huge growth in patient population with insomnia, neuro-genetic disorder, epilepsy, seizures, and others. There are a various set of rules and regulations for these devices; to provide safety, quality, and a harmless product to ensure good public/patient health. Neurological devices are classified as class I, class II and class III which represent a lower risk, moderate risk, and high risk respectively. Examples of the class I devices include ventricular needles and anvils used to form skull plates.

According to the Centers for Disease Control and Prevention, in 2015, 0.6% of children below 17 years have active epilepsy and the total indirect and direct cost of epilepsy in the United States is estimated to be $15.5 billion yearly.

Furthermore, the invention of new technology, increasing awareness, growing investment in research and development have boosted the market globally. However, the high cost associated with monitoring and diagnosis of disease may restrain the market growth.     

The global pediatric neurology device market is expected to grow at a CAGR of 5.9% during the forecast period, 2017-2023.

Regional Analysis

Geographically, global pediatric neurological devices market is segmented into the Americas, Europe, Asia Pacific and the Middle East & Africa.

The Americas command the largest pediatric neurological devices market due to the presence of a well-developed healthcare sector, large patient population, high health care spending, increased research & development activities, and the concentration of major companies in the region.

Europe holds the second position in the global pediatric neurological devices market owing to the rising patient population with insomnia, head and spinal cord trauma, and seizures. Furthermore, government support for research & development and availability of funds for research have fuelled the market growth.

Asia Pacific is the fastest growing pediatric neurological devices market owing to the presence of rapidly developing healthcare technology, huge patient population, and high healthcare expenditure. Moreover, the governments of this region are looking forward to getting advanced treatment in order to improve the quality of life of their citizen.

On the other hand, in the Middle East and Africa holds the lowest market for pediatric neurological devices due to lack of technical knowledge and poor medical facilities.

Segmentation

The global pediatric neurology devices market is segmented on the basis of type, service and treatment, neurological subspecialties, age group, and end-user. On the basis of the type, it is segmented into neurosurgery devices, neurostimulator, cerebrospinal fluid (CSF) management devices, and others. On the basis of the service and treatment, it is segmented into electroencephalogram, intrathecal baclofen therapy, neurological evaluations, vagal nerve stimulation, and others. On the basis of the neurological subspecialties, it is segmented into neuro-oncology, neuromuscular, neonatal neurology, neuro-immunology, stroke, and others. On the basis of the age group, it is segmented into neonates, infants, children, and adolescents. On the basis of the end-user, it is segmented into hospitals, healthcare centers, neurological research centers, and others.

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.)

Get Report Details @ https://www.marketresearchfuture.com/reports/global-pediatric-neurology-devices-market-565

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