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      Neurology Devices Market - United States Procedure Numbers, Market Size, Value, Trends, Analysis and Forecast 2017-2023

      According to iData Research, the neurological device market was valued at over $3.6 billion in 2016, this is expected to increase over the forecast period to reach over $6 billion

      iData Research Inc.

      News provided by

      iData Research

      Jun 23, 2017, 13:01 ET

      Share this article

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      VANCOUVER, British Columbia, June 23, 2017 /PRNewswire/ -- The full report suite on the U.S. market for neurological devices includes cerebrospinal fluid shunts, cerebrospinal fluid external drainage systems, intracranial pressure monitoring devices, detachable coils, liquid embolics, catheters, guidewires, balloon occlusion devices, neurovascular stents and flow diversion stents, spinal cord stimulators, vagus nerve stimulators, sacral nerve stimulators, deep brain stimulators, gastric electric stimulators, neuroendoscopes, stereotactic frames, stereotactic frameless systems, ultrasonic aspirators, aneurysm clips, neurosurgical microscopes, intrathecal pumps and mechanical thrombectomy devices.

      Stereotaxy has become the standard of care in neurosurgery, therefore the market for stereotactic systems is saturated, limiting growth in market value. Innovative technology and updated features and software will be required to encourage growth. New competitors have entered the neuromodulation market, which will drive competitive pressure in technological advancement and pricing. This will have the greatest impact on the spinal cord stimulator and deep brain stimulator markets.

      One of the major market drivers for neurological devices is the patient and physicians demand for minimally invasive procedures. This has been driving the growth in interventional neuroradiology and neuroendoscopy. This has led to procedural growth in endovascular embolization treatments and a decline in aneurysm clipping procedures treatments. Access devices are becoming increasingly technologically advanced and various embolization devices have been released in recent years. One of the major emerging trends is the growth of mechanical thrombectomy devices for ischemic stroke. These devices extend the window for treatment of patients compared to medical therapy alone and can provide dramatically improved clinical outcomes.

      Medtronic acquired several competitors (most notably Covidien) which has made them the leading competitor in the neurological device market. They are the leading competitor in many markets such as neuromodulation, intrathecal pumps and mechanical thrombectomy. Nevro is a new competitor in the spinal cord stimulation and they have been rapidly accumulating market share since their products release in 2015. Since Terumo acquired Microvention in 2006 they have steadily been gaining market share in various neurovascular markets. They are the only company to have a fully FDA approved traditional stent. St. Jude Medical has gained market share in neuromodulation with their recent entrance into the deep brain stimulation market and their innovative new products in the spinal cord stimulation market. They announced in April 2016 that they will be acquired by Abbott laboratories.

      Other notable contenders include Stryker in neurovascular and neurosurgical markets, Codman & Shurtleff, Inc. in cerebrospinal fluid management and neurovascular markets, Integra LifeSciences in cerebrospinal fluid management and neurosurgery markets and LivaNova in neuromodulation

      For Further Information

      More on the neurological device market in the U.S. can be found in a series of reports published by iData Research entitled the U.S. Market Report Suite for Neuromodulation, Neurovascular, Neurosurgical and Monitoring Devices. The suite covers reports on the following markets: cerebrospinal fluid shunts, cerebrospinal fluid external drainage systems, intracranial pressure monitoring devices, detachable coils, liquid embolics, catheters, guidewires, balloon occlusion devices, neurovascular stents and flow diversion stents, spinal cord stimulators, vagus nerve stimulators, sacral nerve stimulators, deep brain stimulators, gastric electric stimulators, neuroendoscopes, stereotactic frames, stereotactic frameless systems, ultrasonic aspirators, aneurysm clips, neurosurgical microscopes, intrathecal pumps and mechanical thrombectomy devices.

      The iData report series on neurological covers the U.S., Japan, China, India and 15 countries in Europe including Germany, France, the United Kingdom (U.K.), Italy, Spain, Benelux (Belgium, Netherlands and Luxembourg), Scandinavia (Finland, Denmark, Sweden and Norway), Portugal, Austria and Switzerland. Reports provide a comprehensive analysis including units sold, procedure numbers, market value, forecasts, as well as detailed competitive market shares and analysis of major players' success strategies in each market and segment. To find out more about neurological device market data or procedure data, register online or email us at [email protected] for a U.S. Market Report Suite for Neuromodulation, Neurovascular, Neurosurgical and Monitoring Devices brochure and synopsis.

      Table of Contents – Main Market Segments – 769 Page Report – 24 Chapters

      CEREBROSPINAL FLUID MANAGEMENT MARKET

      • 6.1 INTRODUCTION
      • 6.2 MARKET OVERVIEW
      • 6.3 MARKET ANALYSIS AND FORECAST
        • 6.3.1 Total Cerebrospinal Fluid Management Market
        • 6.3.2 Total Cerebrospinal Fluid Shunt Market
        • 6.3.2.1 Pressure Adjustable Cerebrospinal Fluid Shunt Market
        • 6.3.2.2 Fixed Pressure Cerebrospinal Fluid Shunt Market
        • 6.3.3 Total Cerebrospinal Fluid External Drainage System Market
        • 6.3.3.1 Ventricular Drainage System Market
        • 6.3.3.2 Lumbar Drainage System Market
      • 6.4 DRIVERS AND LIMITERS
        • 6.4.1 Market Drivers
        • 6.4.2 Market Limiters
      • 6.5 COMPETITIVE MARKET SHARE ANALYSIS               

      INTRACRANIAL PRESSURE MONITORING DEVICE MARKET

      • 7.1 INTRODUCTION
        • 7.1.1 Common Indications   
        • 7.1.1.1 Hydrocephalus          
        • 7.1.1.2 Cerebral Edema        
        • 7.1.1.3 Head Trauma
        • 7.1.2 Applications    
        • 7.1.3 Complications
      • 7.2 MARKET OVERVIEW       
      • 7.3 MARKET ANALYSIS AND FORECAST          
        • 7.3.1 Total Intracranial Pressure Transducer System Market
        • 7.3.1.1 Internal Intracranial Pressure Transducer System Market      
        • 7.3.1.2 External Intracranial Pressure Transducer System Market      
        • 7.3.2 Total Advanced ICP Monitoring Market              
        • 7.3.2.1 Advanced ICP Monitor Market           
        • 7.3.2.2 Monitor with Tissue O2 Saturation Market    
        • 7.3.2.3 Advanced ICP Sensor Market              
        • 7.3.3 Total Universal ICP Disposables Market              
        • 7.3.3.1 ICP Cranial Access Kit Market              
        • 7.3.3.2 ICP Catheter Market               
      • 7.4 DRIVERS AND LIMITERS 
        • 7.4.1 Market Drivers              
        • 7.4.2 Market Limiters            
      • 7.5 COMPETITIVE MARKET SHARE ANALYSIS               

      DETACHABLE COIL MARKET

      • 8.1 INTRODUCTION
      • 8.2 MARKET OVERVIEW       
      • 8.3 MARKET ANALYSIS AND FORECAST          
        • 8.3.1 Total Detachable Coil Market  
        • 8.3.1.1 Bare Platinum Detachable Coil Market            
        • 8.3.1.2 Coated Detachable Coil Market          
      • 8.4 DRIVERS AND LIMITERS 
        • 8.4.1 Market Drivers              
        • 8.4.2 Market Limiters            
      • 8.5 COMPETITIVE MARKET SHARE ANALYSIS               

      For the full Table of Contents, please visit idataresearch.com

      About iData Research

      iData Research (www.idataresearch.com) is an international market research and consulting firm, dedicated to providing the best in business intelligence for the medical device industry. Our research empowers our clients by providing them with the necessary tools to achieve their goals and do it right the first time. iData covers research in: Operating Room Equipment, Surgical Microscopes, Robotics and Surgical Navigation, Anesthesiology, Wound Management, Dental Operatory Equipment, Dental Material, Dental Lasers, Dental Prosthetics, Dental CAD/CAM, Dental Bone Graft Substitutes, Spinal Implants and VCF, Spinal MIS, Orthopedic Soft Tissue Repair and Regeneration, Orthopedic Trauma, Large & Small Joints, Ultrasound, X-Ray Imaging, Diagnostic Imaging, Oncology, Ophthalmics, Vascular Access, Laparoscopy, Urology, Gynecology, Endoscopy, Interventional Cardiology, Cardiac Surgery, Cardiac Rhythm Management, Electrophysiology, Orthopedics and more.

      We have built a reputation and earned our clients' trust based on consistent and uniquely intelligent research that allows our customers to make confident decisions and impact their businesses. A combination of market expertise and over a decade of experience has resulted in a deep understanding of the medical device industry that has inspired innovation and propelled our clients to success. 

      Contact Info

      Marvin Cidamon
      Marketing Coordinator
      iData Research Inc.
      604-266-6933 Ext. 205
      [email protected]

      SOURCE iData Research

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