South Africa Neurology Devices Market Outlook 2031
The South Africa neurology devices market size was USD 82 Million in 2022 and is anticipated to reach USD 121.86 Million by 2031 register a significant CAGR 4.5% during the forecast period, 2023–2031. The growth of the market is attributed to the growth in the prevalence of neural disorders.
Neurological devices are medical devices that aid in the diagnosis, prevention, and treatment of a wide range of neurological diseases and situations, including Alzheimer's disease, major depression, Parkinson's disease, and traumatic brain injury.
To comprehend and assess patient problems, neurologists use a variety of equipment. Penlights, reflex hammers, eye charts, inclinometers, tuning forks, and neurological gadgets are among the neurology items available at QuickMedical.
South Africa Neurology Devices Market Trends, Drivers, Restraints, and Opportunities
- Growing neurological disorders including Alzheimer’s, Parkinson’s, depression, epilepsy, and vital tremors are projected to propel the market growth during the forecast period.
- Private companies have made significant investments in neurology equipment, as well as increased R&D in the area of neurotherapy, which are anticipated to spur the market expansion in the coming years.
- Focus on building improved neurostimulation and neuromodulation approaches that help patients using low invasive procedures is the major factor boosting the market growth during the forecast period.
- Increased price of neurology devices is expected to restrict the market expansion.
- Several issues, including strict regulatory government rules, are estimated to hamper the market expansion.
- For companies in the neurology devices market, the creation of revolutionary vector graphics for neurological diseases is estimated to create significant opportunities for the market players.
Scope of The South Africa Neurology Devices Market Report
The report on the South Africa neurology devices market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Neurology Devices Market – South Africa Country Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Types of Devices (Interventional Neurology Devices [Neurothrombectomy Devices, Interventional/Surgical Simulators, Carotid Artery Stents, and Others], and Cerebrospinal Fluid Management Devices), Neurosurgery Devices (Stereotactic Systems, Neuroendoscopes, and Others), and Neurostimulation Devices (Sacral Nerve Stimulation Devices, Spinal Cord Stimulation Devices, Deep Brain Stimulation Devices, and Others)
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Country
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South Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Integra LifeSciences Corporation; Smith & Nephew; Nihon Kohden Corporation; Johnson and Johnson; Abbott Laboratories; Medtronic PLC; Stryker Corporation; and Braun Melsungen AG
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South Africa Neurology Devices Market Segment Insights
Cerebrospinal fluid management devices segment is projected to account for a major market share
Based on types of devices, the South Africa neurology devices market is segregated into interventional neurology devices [neurothrombectomy devices, interventional/surgical simulators, carotid artery stents, and others], and cerebrospinal fluid management devices.
The cerebrospinal fluid management devices segment is expected to account for a key share of the market in the coming years owing to the increase in the use of this equipment for neurological device diagnostics. These monitoring devices, for example, are typically used to diagnose and cure multiple sclerosis, encephalitis, myelitis, and other diseases.
Neuroendoscopes segment is expected to grow at a robust pace
On the basis of neurosurgery devices, the market is segmented into stereotactic systems, neuroendoscopes, and others. The neuroendoscopes segment is expected to constitute a key share of the market during the forecast period owing to the neuroendoscopic surgery because it often causes the least amount of harm to normal structures, has a reduced rate of problems and produces great results.
Surgeons can execute sophisticated operations through very tiny incisions using an endoscope and similar devices, which is highly helpful for minimally invasive surgical procedures for the spine. In both the lumbar and thoracic regions, endoscopic discectomy is becoming more prevalent.
Sacral nerve stimulation devices segment is anticipated to register at a rapid CAGR
In terms of neurostimulation devices, the South Africa neurology devices market is divided into sacral nerve stimulation devices, spinal cord stimulation devices, deep brain stimulation devices, and Others. The sacral nerve stimulation devices segment is expected to represent a key share of the market in the coming years due to the sacral nerve stimulation devices are typically utilized for individuals who have failed to respond to drug treatment or other types of drugs.
It's done with the use of a tiny gadget that can transmit electrical signals to the sacral nerves in the lower spine. These devices are effective in the treatment of bladder issues. As a result of the rising prevalence of enlarged prostate, the market for sacral nerve stimulation devices is expected to expand during the forecast period.
Patients with fecal matter and bladder dysfunction can benefit from sacral nerve stimulation devices, which are both safe and effective. The market is being driven by increased demand for low invasive treatment, growing incidence of urinary bladder disorders, and technological developments including the development of newer coatings and engineering methodologies.
Segments
The South Africa neurology devices market has been segmented based on
Types of Devices
- Interventional Neurology Devices
- Neurothrombectomy Devices
- Interventional/Surgical Simulators
- Carotid Artery Stents
- Others
- Cerebrospinal Fluid Management Devices
Neurosurgery Devices
- Stereotactic Systems
- Neuroendoscopes
- Others
Neurostimulation Devices
- Sacral Nerve Stimulation Devices
- Spinal Cord Stimulation Devices
- Deep Brain Stimulation Devices
- Others
Key Players
Competitive Landscape
Key players competing in the South Africa neurology devices market are Integra LifeSciences Corporation; Smith & Nephew; Nihon Kohden Corporation; Johnson and Johnson; Abbott Laboratories; Medtronic PLC; Stryker Corporation; and Braun Melsungen AG. Some of these players are adopting several business strategies such as acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares.
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