Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 551 Million | USD 801 Million | 4.5% | 2023 |
FrequentlyAsked Questions
Epilepsy is a neurological disorder in which an individual suffers from recurring seizures. Moreover, medication is the first line of treatment for many individuals suffering from epilepsy. Reportedly, there are a plethora of medical devices that are available to effectively manage seizures and enhance the quality of life.
The global epilepsy treatment devices market growth over the forecast period can be owing to a shift towards minimally invasive procedures such as stereotactic radiosurgery and laser ablation offering safer & quick recovery alternatives.
According to a study, the global epilepsy treatment devices industry size was $551 million in 2023 and is projected to reach $801 million by the end of 2032.
The global epilepsy treatment devices market is anticipated to record a CAGR of nearly 4.5% from 2024 to 2032.
The European epilepsy treatment devices industry is set to register the fastest CAGR over the forecasting timeframe owing to surging awareness of epilepsy among the population of Europe. Furthermore, the availability of enhanced diagnostics methods for identifying and treating epilepsy conditions will steer the growth of the industry in Europe.
The global epilepsy treatment devices market is led by players such as Biotronik SE & Co. KG, Medtronic plc, Neuroserveis S.L., Abbott Laboratories, Empatica, Inc., Boston Scientific Corporation, LivaNova PLC, NeuroPace Inc., Nihon Kohden Corporation, Cyberonics, Inc., ElectroCore Inc., and Magstim Company Limited.
The global epilepsy treatment devices market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, cash-benefit analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, factor analysis, and value chain analysis. It provides an apt scenario about demand and factor conditions in the country impacting the profitability of the firms in the domestic and international markets.
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