Anti-viral drugs Market 2021: COVID-19 Impact Business Opportunities, Target Audience, Statistics, Growth Potential, Trends, Company Profiles, Global Expansion and Forecasts

 Global Anti-viral drugs Market Information, by application (hepatitis, HIV/AIDS, herpes, influenza and others) and by mechanism of action (nucleotide polymerase inhibitors, reverse transcriptase inhibitors, protease inhibitors and others) - Forecast to 2022

The global anti-viral drugs market is expected to exhibit a robust 6.9% CAGR over the forecast period from 2016 to 2022, according to the latest research report from Market Research Future (MRFR). The global anti-viral drugs market is mainly driven by the growing investment in healthcare channels, including research and development. The growing coronavirus pandemic has also been a major driver for the global anti-viral drugs market. 

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Viruses are life forms that inhabit a host and multiply in the host’s body, causing a wide range of diseases. Anti-viral drugs are drugs specifically made to counter specific viruses. The growing threat of viral diseases around the world has been the major driver for the global anti-viral drugs market. The increasing prevalence of coronavirus or COVID-19 has driven steady investment in the anti-viral drugs market in order to find effective cures for the disease. This is likely to remain a major driver for the global anti-viral drugs market over the coming months. Governments as well as private organizations around the world have come together around the world to find effective cures against coronavirus, as steady investment is needed in order to fund effective research into the development of effective cures for the disease. This is likely to drive the global anti-viral drugs market over the forecast period. 

The growing prevalence of HIV-AIDS is also likely to be a major driver for the global anti-viral drugs market over the forecast period. Due to the absence of effective contraceptives, AIDS has become a major healthcare threat around the world, especially in developing countries in Africa and Latin America. This is likely to remain a major driver for the global anti-viral drugs market over the forecast period. 

Competitive Leaderboard:

Leading players in the global anti-viral drugs market include Cipla Inc., AstraZeneca AB, Novartis International AG, Abbott Laboratories, GSK plc, F. Hoffman-La Roche Ltd., Gilead Sciences Inc., Merck & Co. Inc., and Johnson & Johnson. Major players in the global anti-viral drugs market are likely to focus on research and development in the coming years in order to produce effective drugs for antiviral therapy. Coronavirus has also become a major target for players in the anti-viral drugs market, as the number of cases of coronavirus around the world is increasing at a steady rate. 

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Anti-viral drugs Market Segmentation:

The global anti-viral drugs market is segmented on the basis of application, mechanism of action, and region. 

By application, the global anti-viral drugs market is segmented into hepatitis, HIV-AIDS, herpes, influenza, and others. Hepatitis and HIV-AIDS are likely to hold dominant shares in the global anti-viral drugs market over the forecast period. Hepatitis is a major concern in Africa, where the absence of capable healthcare channels and funding has resulted in a growing prevalence of the disease. 

By mechanism of action, the global anti-viral drugs market is segmented into nucleotide polymerase inhibitors, reverse transcriptase inhibitors, protease inhibitors, and others. 

Anti-viral drugs Market Regional Analysis:

The Americas dominate the global anti-viral drugs market due to the strong presence of major healthcare industry players in North America, including the U.S. and Canada. The presence of leading market players in North America has resulted in a strong presence of research and development channels in the region, leading to a steady output of effective anti-viral drugs. North America is home to several large hospitals, which increases the prospects for drug makers, as strong distribution mechanisms are already in place in the region. The growing concern regarding COVID-19 in the region is also likely to be a major driver for the anti-viral drugs market in North America, as the U.S. has the leading number of COVID-19 patients in the world. 

Europe has the second largest share in the global anti-viral drugs market and is likely to remain an important regional segment of the market due to the presence of several leading players in the market. Asia Pacific is expected to exhibit the highest growth rate in the global anti-viral drugs market over the forecast period. 

Table Of Contents

1 Introduction

1.1 Definition

1.2 Scope Of Study

1.3 Research Objective

1.4 Assumptions & Limitations

1.5 Market Structure:

2 Research Methodology

2.1 Research Process

2.2 Primary Research

2.3 Secondary Research

3 Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

3.5 Macroeconomic Indicators

4 Market Factor Analysis

4.1 Porter’s Five Forces Model

4.1.1 Bargaining Power Of Suppliers

4.1.2 Bargaining Power Of Customer

4.1.3 Intensity Of Competitor’s

4.1.4 Threat Of New Entrants

5 Global Anti-Viral Drugs Market, By Application

5.1 Introduction

5.1.1 Hepatitis

5.1.2 HIV/AIDS

5.1.3 Herpes

5.1.4 Influenza

5.1.5 Others

6 Global Anti-Viral Drugs Market, By Mechanism Of Action

Continued...

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Microspheres Market Focuses on Top Companies, Region and Opportunities

 Microspheres Market Overview:

Microspheres are extensively used in the healthcare sector owing to their qualities such as chemical resistance, enhanced processing, heat resistance, thermal stability, and others. Market Research Future (MRFR) has published a report stating that the global microspheres market is marked to project noteworthy expansion at a CAGR of 11.9% during the forecast period of 2016-2022. 

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Market Drivers and Restraints:

Increased research for the development of advanced medical devices that ensure effective drug delivery is fueling the growth of the global microspheres market as these microparticles are extensively utilized in such devices. Rapid technological advancement is also aiding the development of medical devices and treatment techniques that require microspheres, which in turn is propelling the growth of the global microspheres market. However, low penetration of technologically advanced solutions in the underdeveloped countries is restraining the growth of the global microspheres market during the review period.

Microspheres Market Segmentation:

The global microspheres market has been segmented on the basis of material, types, and application. Based on material, the global microspheres market has been segmented into synthetic polymers and natural polymers. Based on type, the global microspheres market has been segmented into bioadhesive microspheres, magnetic microspheres, floating microspheres, radioactive microspheres, and polymeric microspheres. Based on application, the global microspheres market has been segmented into drug carrier, pulmonary drug delivery, tissue regeneration, and others. 

Microspheres Market Regional Analysis:

Geographically, the global microspheres market has been segmented into four major regions such as North America, Europe, Asia Pacific, and the Middle East and Africa. The North America region is projecting dominance over the global microspheres market owing to the rapid technological advancement &easy adoption of technologically advanced solutions in the well-developed healthcare sector in this region. This region is forcasted to expand at a significant CAGR of 11.3% during the forecast period of 2016-2022. Whereas, the Europe region is projected to be the second largest market in the global microspheres market, expanding at a noteworthy CAGR of 11.5% during the assessment period. The market in this region is majorly driven by the increased research and development activities that are being carried out in the pharmaceutical industry, presence of large number of prominent players and increased healthcare expenditure by the population of the Europe region. The Asia Pacific region is forecasted to project the fastest growth in the global microspheres market owing to the increased government funding for the development of healthcare sector and rapid expansion of the pharmaceutical industry in this region. Poor economic conditions, low penetration of advanced technology and absence of primary healthcare services in the underdeveloped countries are leading to the slow growth of the microspheres market in the Middle East and Africa region.

Industry Updates:

In November 2018, IMBiotechnologies Ltd. has announced that it has received Health Canada approval for its leading product, Ekobi™ Embolization Microspheres (“Ekobi”), which is used for the treatment of hypervascularized tumors (“HVT”) and benign prostatic hypertrophy/hyperplasia (“BPH”).

In December 2018, Luye Pharma has announced that its new investigational drug, Rotigotine Extended Release Microspheres for Injection (LY03003), which is used for the treatment of Parkinson's disease has been submitted to the Pharmaceuticals and Medical Devices Agency (PMDA) in Japan for clinical trial approval. Whereas its Phase III clinical trial in the U.S and China are progressing smoothly.

Microspheres Market Key Players:

The major players profiled by MRFR that are operating in the global microspheres market are 3M (Unites States), Potters Industries LLC (United States), AkzoNobel N.V. (Netherlands), Momentive Performance Materials Inc. (United States), Chase Corporation (United States), Matsumoto Yushi Seiyaku Company (Japan), Mo-Sci Corporation (United States), Trelleborg AB (Sweden), Luminex Corporation (United States) and others.

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Knee Replacement Market: Growth Opportunities, Segmentation, Competitive Landscape and Regional Analysis

 The global knee replacement market is expected to exhibit a 3.7% CAGR over the forecast period from 2019 to 2025, according to the latest research report from Market Research Future (MRFR). The global knee replacement market is expected to reach USD 10 billion by 2025, according to the report. The global knee replacement market is profiled in great detail in the research report, providing readers with a comprehensive overview of the market through its historical growth trajectory, present conditions, and future growth prospects. 

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The historical stats of the knee replacement market are detailed in the report, in order to provide readers with a complete overview of the market’s historical growth trajectory. The historical stats provided in the report also give analysts a solid platform to base future projections about the market. Based on this platform, future projections for the knee replacement market’s growth trajectory over the forecast period are provided in the report. The leading players in the global knee replacement market are also profiled in the report in order to give readers a comprehensive analysis of the leading players in the global knee replacement market. The major drivers and restraints affecting the global knee replacement market are also profiled in the report to provide readers a comprehensive overview of what’s making the market tick and what is holding the market back.

Knee replacement, also known as knee arthroplasty, is a joint replacement procedure performed to replace diseased knee joints with functional alternatives made from materials such as metals and ceramics. Knee replacement is often performed on patients suffering from rheumatic arthritis, post-traumatic arthritis, or osteoarthritis. The growing awareness about knee replacement procedures is likely to be a major driver for the knee replacement market over the forecast period. In recent years, many advancements have been made in the field of knee replacement, with advanced composite materials often replacing the older metal implants and noninvasive surgical procedures replacing the older, invasive procedures. This has been a major driver for the global knee replacement market. 

The increasing geriatric population around the world is likely to be a major driver for the global knee replacement market over the forecast period. Geriatrics are the most likely to require knee transplants, due to age-related damage to the knees and the onset of arthritis with age. The increasing lifestyle standards around the world have led to an increase in the population of geriatrics. This is likely to remain the major driver for the global knee replacement market over the forecast period. 

Competitive Leaderboard:

Leading players in the global knee replacement market include Kinamed Inc., Allegra Orthopaedics Ltd., Medacta International, Aesculap Implants Systems LLC, Corin Group, Exactech Inc., Smith and Nephew, Stryker, DePuy Synthes, and Zimmer Inc. 

Segmentation:

The global knee replacement market is segmented on the basis of product type, material type, end user, and region. 

By product type, the global knee replacement market is segmented into partial knee reconstructive implants, total knee reconstructive implants, and revision knee reconstructive implants. The total knee reconstructive implants segment is further subcategorized into medial pivot implants, mobile bearing implants, fixed bearing implants, and others. 

By material type, the global knee replacement market is segmented into ceramics, metal alloys, strong plastic parts, and others. 

By end use, the global knee replacement market is segmented into hospitals and clinics, specialty centers, and rehabilitation centers. The hospitals and clinics segment holds the largest share in the global knee replacement market. 

Regional Analysis:

Geographically, the global knee replacement market is segmented into the Americas, Europe, Asia Pacific, and the Middle East and Africa. 

The Americas hold the largest share in the global knee replacement market. The high population of geriatrics in the region is the prime driver for the knee replacement market in the region. The increasing prevalence of lifestyle disorders such as diabetes is also likely to be a major driver for the knee replacement market in the Americas region. 

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Biosimilars Market Analysis by Product Research and Demand Analysis with Forecast period till 2023

Biosimilars Market – Overview

As biosimilars show a similar effect as compared to generic medicines, they are growing their popularity at an increased pace. Market concentrated reports associated with the healthcare industry amid others recently have been made available by Market Research Future which issues reports on this industry.Biosimilars Market Size is expected to register a CAGR of 7.5% during the forecast period of 2019 to 2025, with a market value of USD 13,460 Million in 2018.

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As the processes used to make generic medicines can’t be used to develop biosimilar medicines, the market for biosimilars is expanding positively. Increase in the analytical studies has prompted the increased growth of the biosimilars market in the forecast period. Sizeable investments in multiple state-of-the-art facilities that are developing biosimilars has prompted significant growth in the market. The market is motivated majorly due to the different diseases that are being diagnosed in recent times. Increased level of clinical trials have influenced the development of the market considerably. The focus of this segment is currently on ensuring the release of biosimilar drugs into the market to treat a wider spectrum of diseases.

Industry Segments 

The market for biosimilars globally is segmented on the basis of product into recombinant non-glycosylated proteins, recombinant glycosylated proteins, and other.  The Recombinant glycosylated proteins are additionally sub segmented into monoclonal antibody (mAb) and EPO. Recombinant non-glycosylated proteins is sub segmented into growth hormones, insulin and other.  On the basis of application, the market is segmented into immune diseases, blood related disorders, oncology and other. On the basis of manufacturing, the market is segmented into in-house manufacturing and contract manufacturing.

Biosimilars Market- Detailed Regional Analysis

The regional analysis of the market for biosimilars includes APAC, North America, Europe, Middle East and Africa. The European region has been guiding the market for the biosimilars. Rising geriatric population and growing prevalence of diseases have led to the growth of this market in the European region. North America has the second top market followed by the Asia Pacific region. The Asia Pacific biosimilars market is anticipated to grow at a CAGR of 27.8 percent in the forecast period.

Biosimilars Market- Global Competitive Analysis

The competitors in the market are trying to get ahead commercially by making sure that demand and supply are in balance. The momentum of the market’s progress has changed the competitive backdrop of the market. The competitors in the market are persistently trying to establish leading market positions through new policies and strategies. The experienced management in the companies operating in the market are creating business models which can bring about a fruitful phase of development. The key trends and players have established a positive tone for development. The contenders in the market are also leveraging their competitive advantages to secure their growth in the market. The market development by competitors also encompasses strong risk management strategies.

Sandoz International GmbH (Germany), Celltrion, Inc. (South Korea), F. Hoffmann-La Roche Ltd. (Switzerland), Biocon Ltd. (India), Astra Zeneca (UK),  Amgen Inc. (U.S.), Pfizer Inc. (U.S.), Novartis (Switzerland), Accord Healthcare (UK), Eli Lilly (US), Teva Pharmaceuticals Industries Ltd. (Israel), Dr. Reddy’s Laboratories Ltd. (India) and Samsung Bioepis (South Korea).

Industry Updates:

June 2018 Mylan NV has recently achieved a major milestone recently by winning an approval from the U.S. Food and Drug Administration aimed at a biosimilar version of Neulasta which is an anti-infective used for patients suffering from breast cancer treatment. The pharmaceutical giant plans to launch the product, Fulphila, in the coming weeks. The McClintic Coates said that a big part of the FDA’s approval of Mylan’s biosimilar cancer therapy, Fulphila, is attributed to the drugmaker’s Morgantown-based research and development capabilities. Fulphila would signify the first alternative and more reasonable treatment option to Neulasta for oncology patients.

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Clinical Nutrition Market Global Opportunities, Development Status, Sales Revenue and Forecast 2027

 Clinical Nutrition Market Overview:

The global clinical nutrition market report discusses possibilities for the market attaining an impressive CAGR during the forecast period of 2019-2027. Market Research Future (MRFR) predicts the possibility of clinical nutrition market size transcending the expected valuation by the end of 2027. Among factors that were discussed in the report, the growing geriatric population and the rising number of people with gastrointestinal and autoimmune diseases may impact the most. 

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For aged people, digesting food is an issue. At the same time, they suffer from a lack of appetite. The clinical nutrition industry is the only way out for these people. Doctors are now opting for telemedicine, which may help in getting more clients from this particular age group. Premature birth and lack of nutrition from regular meals are also becoming issues that can spur the expansion rate of the global clinical nutrition market. 

However, the process and drugs needed for a better treatment may incur a high cost, which may prohibit the global clinical nutrition market growth rate. 

Segmentation:

MRFR’s understanding of the global clinical nutrition market has been segmented on the basis of type, and it includes sub-segments like infant nutrition, parenteral nutrition, and enteral nutrition. This will help in assessing the market in better lights and understand how better strategies can help in forming effective maps to lead the market. 

The infant nutrition segment has the largest market share and it has been further segmented into milk-based, soy-based, organic, and others. The milk-based segment is expected to dominate the global market. The soy-based segment would profit from growing demand for vegan products. 

The enteral nutrition segment has been segmented into standard and chronic illness to get a better peek of the market. 

Regional Analysis:

Asia Pacific is expected to be the leading region for the coming years. The regional market would gain from the massive population of China and India, who are expected to be potential customers. Major companies are looking at it as a possible solution. In North America and Europe, the market would get support from better infrastructure and high investment capacity. 

Competitive Landscape:

The market for clinical nutrition is all set to gain from the intense competition between companies like Abbott Laboratories, Perrigo Company Plc., Baxter International, Inc, Nestlé S.A, Groupe Danone, Mead Johnson Nutrition Company, B. Braun Melsungen AG, Hospira, Inc, Fresenius Kabi AG, and among others. This competition would gain backing from the strategic moves implemented by these companies. Most of these moves will include typical tools like mergers, acquisitions, joint ventures, and others. Some will increase their budget for research and development to launch better products using innovative means. Branding of these products will also impact the outcome of the global market. MRFR took effort in recording these latest changes to understand how the market can progress in the coming years. 

Industry News:

In April 2020, Array Strength announced that they would opt for a virtual consultation to avoid complications during the COVID-19 pandemic outbreak. The company has also stated that it would cover several areas like gastrointestinal problems and various types of autoimmune diseases like ulcerative colitis, irritable bowel syndrome, and Hashimoto's. The company is known for its personalized treatment. It believes in providing a customized solution as a generic one is often found to be less effective. They start by a general consultation and then move on to the addressing of the root cause. 

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 About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Gene Editing Market Demand, Industry Size, Top Players, Opportunities, Sales, Revenue and Regional Forecast To 2023

 Genes control heredity and provide the basic biological code that determines the specific function of the cell. Gene Editing is defined as a bimolecular method for targeted modification of DNA that includes genetic materials of animals, humans, and plants. Market Research Future (MRFR) has published a research report about the global gene editing market that anticipates enormous expansion for this market with 18.30% CAGR (Compound Annual Growth Rate) for this market between 2017 and 2023.

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Analyzing the market structure, this report offers insights about factors affecting the market growth. Providing historical and forecast revenue, it evaluates market size. Profiling the key players in the market, this report covers and observes their competitive developments that include joint ventures, mergers and acquisitions, new product developments, research and developments (R & D), and strategic alliances.

The key factor driving the global gene editing market is the ability to change the disease-causing genetic mutations. This method helps to create and control genetic information within patient cells. Therefore, now gene editing is important for both drug discovery as well as diagnostics. The precision medicines based on gene editing-based diagnostics are driving the growth of the market. However, the adverse public perception related to genetic research and strict regulatory policies by the government can hamper market growth.

The global gene editing market has been segmented on the basis of applications, end user, methods, and lastly, region. Based on the applications, this market has been segmented into animal genetic engineering, gene therapy, microorganism’s genetic engineering, and plant genetic engineering. In the context of the end user, the market has been segmented into biotechnology, pharmaceuticals and contract research organizations. The method-based segmentation segments the market into Antisense technology, clustered regularly interspaced short palindromic repeats (CRISPR), transcription activator-like effector nucleases (TALEN), zinc finger nuclease (ZFN).  

The regional segmentation of the global gene editing market segments the market into the continent-based regional markets namely The Americas (North America & South America), Asia Pacific, Europe, and Middle East & Africa (MEA). In the Americas, North America is a bigger market than South America due to advanced technology and better healthcare facilities. The Americas is the largest regional market as North America alone holds the potential to be the largest market due to its strong economies namely the United States of America (USA) and Canada. North America is a powerful market due to the presence of many major market players in this region, especially in the USA. In North America, the reasons for market growth include the development of the biotechnology sector, a huge development in drug discovery research, and an increase in the number of research studies.

Europe is another important market because here, investment in the advancement of technology for better treatment solutions has always been regular. After North America, Europe has the most advanced medical facilities. Due to the reasons same as The Americas, Western Europe as a market is bigger than Eastern Europe. In Europe, the most important country-specific markets are France, Germany, Spain, Italy, and the United Kingdom (UK), followed by the rest of Western Europe.

According to the report, the Asia Pacific is expected to witness the highest growth rate for the life science market. Increasing government support can boost biotechnology sector for better treatment of diseases. The primary country-specific markets in this region are Australia, China, India, Japan, and South Korea, followed by the rest of Asia Pacific. The MEA region is a small market due to lack of awareness, lack of education, lack of technological development, political instability, poor healthcare facilities, and healthcare not considered a priority by most governments.

Key Players

The key players in the global gene editing market include GenScript USA Inc. (USA), Horizon Discovery Group PLC (UK), Integrated DNA Technologies Inc. (USA), Lonza Group Ltd. (Switzerland), New England Biolabs Inc. (USA), OriGene Technologies, Inc. (the USA), Sangamo Biosciences, Inc. (the USA), Sigma-Aldrich Corporation (USA), Thermo Fisher Scientific, Inc. (the USA), and Transposagen Biopharmaceuticals, Inc. (USA).

Latest Industry News

• Japan is set to approve a controversial gene editing of human embryos. 7 OCT 2018

• ERS Genomics Limited and DefiniGEN Ltd has signed a license agreement to provide DefiniGEN with access to ERS Genomic’s CRISPR/Cas9 genome editing technology patents. 1 NOV 2018

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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Neurology Devices Market- Demand, Trends and Forecast till 2023

 Market Highlights

According to MRFR analysis, the Global Neurology Devices Market is expected to register a CAGR of 10.2% during the forecast period of 2020 to 2027 and reach USD 21,029.7 Million by 2027.

Neurology devices are used for the treatment of neurological disorders that comprise pathophysiological conditions that affect the brain, spinal cord, and nervous system.

The market for neurology devices is expected to grow at boost due to a surge in the prevalence of the neurological disorder, a growing aging population, increasing adoption of technologically advanced devices, and growing demand for minimally invasive devices. However, high cost and stringent regulatory government regulations are some of the factors expected to hinder the growth of the market.

The global market is expected to witness a profitable growth owing to the rise in neurological disorders such as Parkinson’s, Alzheimer’s, epilepsy, depression, and essential tremors. As per the statistics of WHO in 2017, around 50 million people all over the world were affected by epilepsy. Additionally, Alzheimer's Research UK stated that over 50.8 million people worldwide were affected by dementia in 2017 and was expected to reach 55 million patients in 2020. Moreover, this number would double every 20 years, reaching 75 million by 2030 and 131.5 million by 2050. These huge prevalence of neurological disorders among the population and rising healthcare expenditure for neurological disorders are driving the growth of the neurology devices market.

Regional Analysis

The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas region held the largest market in 2019, owing to the increasing adoption of technological devices, favorable reimbursement scenarios, and the presence of major manufacturers among others. The neurology devices market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. The European neurology devices market has been categorized as Western Europe and Eastern Europe. The Western European market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The neurology devices market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. Due to the increasing geriatric population, the market in Asia-Pacific is expected to be the fastest-growing. The neurology devices market in the Middle East & Africa has been divided into the Middle East and Africa.

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Segmentation

The global neurology devices market has been segmented based on the product, and end user.

Based on product the market is segmented into neurostimulation, Interventional neurology, CSF management, and Neurosurgery devices. Neurostimulation segment accounted for the major market share owing to the increasing prevalence of epilepsy, Parkinson's disease, tremor, dystonia, depression, obsessive-compulsive disorder, Tourette syndrome, chronic pain, and cluster headache. The segment is further bifurcated by spinal cord stimulation devices, deep brain stimulation devices, sacral nerve stimulation, vagus nerve stimulation, and gastric electric stimulation.

Interventional neurology segment is divided into aneurysm coiling & embolization (embolic coils, flow diversion devices, liquid embolic agents), cerebral balloon angioplasty & stenting (carotid artery stents, filter devices, balloon occlusion devices), neurothrombectomy (clot retriever, suction aspiration devices, snares). Moreover, CSF management is further distributed into the following sub-segments, CSF shunts, and CSF drainage. The neurosurgery devices segment is further sub-segmented into ultrasonic aspirators, stereotactic systems, neuroendoscopes, and aneurysm clips. The segment is expected to grow at the fastest CAGR during the forecast period owing to the increasing demand for non-invasive neurosurgery. 

The market based on end users has been segmented into hospitals & clinics, specialty centers, and others. The hospitals and clinics segment is expected to hold the largest market share owing to the larger patient footfall in hospitals.

Key Players

Some of the key players in the global neurology devices market are B. Braun Melsungen AG, Boston Scientific Corporation, Integra LifeSciences Holdings Corporation, Johnson and Johnson, Medtronic Inc., St. Jude Medical, Inc., Stryker Corporation, W.L. Gore & Associates, Inc., and Esaote, among others

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