India Neurology Devices Market (2025-2031) Outlook | Trends, Revenue, Growth, Companies, Size, Analysis, Share, Value, Forecast & Industry

India Neurology Devices Market Synopsis

The India Neurology Devices Market was valued at USD 1.15 billion in 2017 and is estimated to reach USD 2.09 billion by 2025, registering a CAGR of 8%. Factors such as rising incidences of neurological disorders due to changing lifestyles along with growing awareness about early diagnosis are driving the growth of this market. Government initiatives such as Make In India campaign have further encouraged investments in the medical devices industry which will propel the neurology devices market growth over the forecast period.

Market Drivers of the market

The neurology devices market in India is experiencing significant growth, driven by several factors. One of the key drivers is the increasing prevalence of neurological disorders, such as epilepsy, stroke, and Parkinson`s disease, in the country. As the burden of neurological conditions rises, there is a growing demand for advanced diagnostic and treatment devices, such as EEG (Electroencephalogram) machines, neurostimulation devices, and intracranial pressure monitors. Additionally, the improving healthcare infrastructure and the increasing awareness about neurological disorders among patients and healthcare professionals have led to early diagnosis and better disease management, boosting the demand for neurology devices. Moreover, technological advancements in neurology devices, such as portable and wireless EEG systems and minimally invasive neurostimulation techniques, have made these devices more efficient and patient-friendly, driving their adoption in the India healthcare system. The support from the government and private healthcare organizations in upgrading medical facilities and investing in advanced neurology devices has also contributed to the market`s growth.

Challenges of the Market

The neurology devices market in India has seen growth due to an increasing prevalence of neurological disorders and an aging population. However, the market faces certain challenges. One of the significant challenges is the high cost of advanced neurology devices, which can limit their adoption in public healthcare facilities and among price-sensitive patients. Accessibility to specialized neurological care and diagnostics remains an issue, especially in rural areas, where healthcare infrastructure is limited. The need for skilled healthcare professionals proficient in operating and interpreting neurology devices is also a challenge. To address these challenges, manufacturers of neurology devices need to work on developing cost-effective solutions, collaborate with healthcare providers to improve accessibility, and invest in training programs to enhance healthcare professionals` skills.

Covid-19 Impact on the Market

The India neurology devices market faced mixed impacts during the COVID-19 pandemic. While there was a temporary disruption in elective medical procedures and non-emergency consultations, the demand for neurology devices used in critical care and emergency situations increased. Hospitals and healthcare facilities focused on providing essential neurological services during the pandemic, driving the demand for devices like EEG machines, neurostimulation devices, and neurosurgical instruments. The challenges related to medical device import and distribution posed obstacles, but the market demonstrated resilience as the healthcare sector adapted to the pandemic challenges. As the healthcare system stabilized, the market for neurology devices is expected to grow steadily with increased emphasis on neurological care and research.

Key Players of the Market

The India neurology devices market has seen considerable growth due to the rising prevalence of neurological disorders and an aging population. Key players in this market include global medical device companies like Medtronic, Abbott Laboratories, and Boston Scientific, which offer a wide range of neurology devices, including neurostimulation devices, intracranial stents, and neurosurgical instruments. These companies have a strong presence in the India market and collaborate with healthcare institutions to provide innovative solutions for neurological treatments. Domestic players like Poly Medicure and Nihon Kohden India also contribute to the market by offering more cost-effective devices catering to local healthcare needs.

Key Highlights of the Report:

• India Neurology Devices Market Outlook
• Market Size of India Neurology Devices Market, 2024
• Forecast of India Neurology Devices Market, 2031
• Historical Data and Forecast of India Neurology Devices Revenues & Volume for the Period 2021-2031
• India Neurology Devices Market Trend Evolution
• India Neurology Devices Market Drivers and Challenges
• India Neurology Devices Price Trends
• India Neurology Devices Porter's Five Forces
• India Neurology Devices Industry Life Cycle
• Historical Data and Forecast of India Neurology Devices Market Revenues & Volume By Product for the Period 2021-2031
• Historical Data and Forecast of India Neurology Devices Market Revenues & Volume By Neurostimulation Devices for the Period 2021-2031
• Historical Data and Forecast of India Neurology Devices Market Revenues & Volume By Neurosurgery Devices for the Period 2021-2031
• Historical Data and Forecast of India Neurology Devices Market Revenues & Volume By Interventional Neurology Devices for the Period 2021-2031
• Historical Data and Forecast of India Neurology Devices Market Revenues & Volume By Cerebrospinal fluid management devices for the Period 2021-2031
• Historical Data and Forecast of India Neurology Devices Market Revenues & Volume By Others for the Period 2021-2031
• Historical Data and Forecast of India Neurology Devices Market Revenues & Volume By End User for the Period 2021-2031
• Historical Data and Forecast of India Neurology Devices Market Revenues & Volume By Hospitals for the Period 2021-2031
• Historical Data and Forecast of India Neurology Devices Market Revenues & Volume By Ambulatory surgery centers for the Period 2021-2031
• Historical Data and Forecast of India Neurology Devices Market Revenues & Volume By Neurology clinics for the Period 2021-2031
• India Neurology Devices Import Export Trade Statistics
• Market Opportunity Assessment By Product
• Market Opportunity Assessment By End User
• India Neurology Devices Top Companies Market Share
• India Neurology Devices Competitive Benchmarking By Technical and Operational Parameters
• India Neurology Devices Company Profiles
• India Neurology Devices Key Strategic Recommendations