Straits Research has published its latest report on the Pediatric Neurology Device Market, revealing significant growth prospects and emerging trends shaping the industry. The market was valued at USD 2.72 billion in 2023 and is expected to grow from USD 2.95 billion in 2024 to USD 5.67 billion by 2032, at a CAGR of 6.9% during the forecast period (2024-2032).
Market Definition
The Pediatric Neurology Device Market encompasses medical devices and technologies specifically designed for the diagnosis, treatment, and management of neurological disorders in children. These devices play a critical role in addressing conditions such as epilepsy, brain tumors, autism spectrum disorders, and neurodegenerative diseases, offering advanced treatment solutions for pediatric patients.
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Market Trends and Developments
- Advancements in Neurotechnology: Emerging innovations in neurostimulation and minimally invasive neurosurgical techniques are driving the adoption of pediatric neurology devices.
- Rising Prevalence of Neurological Disorders: Increased cases of epilepsy, autism spectrum disorders, and congenital neurological conditions are fueling market growth.
- Integration of AI and Robotics: AI-driven diagnostics and robotic-assisted surgeries are improving treatment precision and patient outcomes.
- Growing Investment in Pediatric Healthcare: Governments and private investors are enhancing funding for pediatric neurology research and healthcare infrastructure.
- Expanding Telemedicine Services: Remote neurological monitoring and consultations are becoming more widespread, improving access to specialized care.
Key Market Opportunities
The demand for advanced pediatric neurology devices presents several growth opportunities, including technological innovations, increased healthcare expenditure, and the expansion of pediatric neurology research centers worldwide.
Key Players in the Pediatric Neurology Device Market
- Abbott
- Medtronic
- Stryker Corporation
- Boston Scientific
- Braun
- Integra LifeSciences
- Nihon Kohden
- Natus Medical
- Cadwell Industries
- neurocare group AG
- Anuncia Medical Inc.
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Market Segmentation
By Product:
- Neurosurgery Devices
- Neurostimulator
- Cerebrospinal Fluid (CSF) Management Devices
- Other
By Service and Treatment:
- Electroencephalogram
- Intrathecal Baclofen Therapy
- Neurological Evaluations
- Vagal Nerve Stimulation
By Neurological Subspecialty:
- Neuro-Oncology
- Neuromuscular
- Neonatal Neurology
- Neuro-Immunology
- Stroke
By Age Group:
- Neonates
- Infants
- Children
- Adolescents
By End-User:
- Hospitals
- Healthcare Centers
- Specialty Clinics
- Neurological Research Centers
By Application:
- Brain Tumor
- Epilepsy
- Autism Spectrum Disorder
- Parkinson’s Disease
- Others
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About Straits Research
Straits Research is a leading provider of business intelligence, specializing in research, analytics, and advisory services. With a strong focus on delivering in-depth insights, Straits Research provides comprehensive reports covering various industries and markets worldwide.
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