Neurological Devices Market Size, Share & COVID-19 Analysis - Europe - 2023-2029 - MedSuite - Includes: Ultrasonic Aspirator Market, Neurovascular Guidewires Market, and 12 more
In 2022, the European neurological device market was valued at around €1.3 billion, with an anticipated compound annual growth rate (CAGR) of 4.2%, projected to reach approximately €1.8 billion by the end of the forecast period. The comprehensive report on the European market for neurological devices covers a wide range of products, including cerebrospinal fluid management systems, detachable coils, liquid embolics, neurovascular guidewires and catheters, stents, aneurysm clips, balloon occlusion devices, thrombectomy devices, ultrasonic aspirators, neuromodulation systems, intrathecal pumps, stereotactic devices, and transcranial magnetic stimulators.
Data Included in the Market Report:Unit sales, average selling prices, market size, and growth trends
Procedure volumes
COVID-19 impact analysis
Key market drivers and constraints
Market forecasts up to 2029, with historical data from 2019
Recent mergers and acquisitions
Company profiles and product portfolios
Leading competitors
Procedure Data: In 2022, approximately 190,000 neurological procedures were performed across Europe. The analysis encompasses procedures related to cerebrospinal fluid (CSF) shunting, liquid embolization of AVMs, interventional aneurysm treatments, aspiration thrombectomy, and the implantation of neuromodulation devices, intrathecal pumps, and ultrasonic aspirators.
Market Trends in Europe: Changes in reimbursement policies across Europe are constraining market growth. For instance, in the Benelux region, limitations on the number of reimbursed neuromodulation devices have reduced sales of spinal cord stimulation units and lowered the average selling price of deep brain stimulation devices.
Market Share Insights: The European neurological device market is dominated by three major companies: Medtronic, Stryker, and Boston Scientific. While Medtronic continues to lead the market, its stronghold has been challenged, with competitors gaining market share in certain segments.
Market Segmentation Overview:Cerebrospinal Fluid (CSF) Management: Includes CSF shunts and drainage systems
Detachable Coils: Comprises bare platinum and coated coils
Liquid Embolic Market
Neurovascular Guidewire Market
Neurovascular Catheters: Includes over-the-wire microcatheters, flow-directed microcatheters, and guide catheters
Neurovascular Stents: Encompasses traditional stents, flow diversion devices, and intrasaccular devices
Aneurysm Clips: Made from titanium or cobalt chromium
Balloon Occlusion Market
Neurovascular Thrombectomy: Includes stent retrievers and aspiration catheters
Research Scope Summary:Regions Covered: Western Europe (Austria, Benelux, France, Germany, Italy, Portugal, Scandinavia, Spain, Switzerland, U.K.) and Central & Eastern Europe (Baltic States, Bulgaria, Croatia, Czech Republic, Greece, Hungary, Kazakhstan, Poland, Romania, Russia, Turkey, Ukraine)
Base Year:
Forecast Period: 2023–2029
Historical Data: 2019–2022
Quantitative Data: Market size, market share, growth rates, units sold, average selling prices
Qualitative Data: COVID-19 impact, market growth trends, constraints, competitive analysis, SWOT of top competitors, mergers & acquisitions, company profiles, and product portfolios