Algeria Neurology Devices Market Analysis

Algeria Neurology Devices Market Analysis


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The Algeria Neurology Device Market is expected to witness growth from $25 Mn in 2022 to $xx Mn in 2030 with a CAGR of xx% for the forecasted year 2022-2030. The Prevalence of Neurological illnesses has increased in Algeria, which is increasing the demand for neurology devices. The population is ageing, habits are changing, and there are environmental issues to blame for this. The market is segmented by product type and by the end user. Some key players in this market include: Techno Brain Group, Biodeal Laboratories, Johnson and Johnson, GE Healthcare, Stryker, Medtronic and Abbott laboratories

ID: IN10DZMD012 CATEGORY: Medical Devices GEOGRAPHY: Algeria AUTHOR: Jigyasu Bhandari

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Algeria Neurology Devices Market Executive Analysis

The Algeria Neurology Devices Market size is at around $25 Mn in 2022 and is projected to reach $xx Mn in 2030, exhibiting a CAGR of xx% during the forecast period. Algeria spent about 6.6% of its GDP on healthcare in 2021. In Algeria, the cost of healthcare is $260 per person, while public health spending is $176 per person. In Algeria, there were roughly 1.63 strokes per 1000 people per year. In Algeria, the prevalence of active epilepsy was reported to be 5.2 per 1000 people. Epilepsy is also a common neurological disorder in Algeria. The prevalence of multiple sclerosis (MS), another widespread neurological disorder in Algeria, was 4.4 per 100,000 people in 2020. The prevalence of Parkinson's disease is 89 per 100,000 people in Algeria, making it a common neurological disease.

Parkinson's disease, epilepsy, traumatic brain injury, Alzheimer's disease, major depressive disorder, and spinal cord injury are all treated with neurology devices. Neurology devices can be used to restore hearing and vision, as well as to improve functioning for amputees or those with congenital limb differences. Sacral nerve stimulation devices are frequently used by patients who don't respond well to pharmaceutical therapy or other types of medication. The sacral nerves in the lower back that are being treated are stimulated with electrical impulses using a modest instrument. Patients with severe brain injuries or other disorders requiring ongoing vital sign monitoring are monitored with neurology devices including intracranial pressure monitors and electrocardiograms. These devices make it easier for healthcare providers to spot and respond to changes in a patient's condition promptly.

Algeria Neurology Device Market Analysis

Market Dynamics

Market Growth Drivers

The Prevalence of Neurological illnesses has increased in Algeria, which is increasing the demand for neurology devices. The population is ageing, habits are changing, and there are environmental issues to blame for this. The creation of more sophisticated and advanced neurology devices, including implanted devices, neurostimulation devices, and improved imaging systems, is a result of technological advancements. Due to their improved diagnostic and therapeutic capabilities, these devices are in more demand on the market.

Market Restraints

Algeria's market for neurology devices is getting more and more cutthroat as local and foreign firms compete for market dominance. Because of this, it could be challenging for manufacturers to stand out and take control of the Algeria neurology devices market. Manufacturers of neurology devices may find it challenging to get their devices certified for usage on the market in Algeria due to the country's complicated regulatory environment. Delays in product introductions and increased expenses for manufacturers may result from this.

Competitive Landscape

Key Players

  • Mediline (DZ)
  • SODIMED (DZ)
  • Medtronic
  • Abbott Laboratories
  • Johnson & Johnson
  • Boston Scientific
  • GE Healthcare

Healthcare Policies and Regulatory Landscape

The Ministry of Health, Population, and Hospital Reform  (MSPRH) oversees Algeria's healthcare regulations and market for neurology devices. The MSPRH is in charge of creating and enforcing the laws and regulations that control the importation, distribution, and sale of neurology devices in Algeria. Neurology device is categorised in Algeria according to their intended application, degree of danger, and legal restrictions. The International Medical Device Regulators Forum (IMDRF) framework, which offers a unified, global approach to neurology device regulation, serves as the foundation for classifying neurology devices. Manufacturers of neurological devices in Algeria are required to follow Good Manufacturing Practice (GMP) regulations in addition to registration. The GMP specifications are designed to guarantee that neurological equipment is produced in secure, efficient, and of the highest calibre ways.

1. Executive Summary
1.1 Device Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Regulatory Landscape for Medical Device
1.6 Health Insurance Coverage in Country
1.7 Type of Medical Device
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Neurology Device Market Segmentation

The Neurology Device Market is segmented as mentioned below:

By Product Type (Revenue, USD Billion):

  • Neurostimulation
  • ?Spinal Cord Stimulation Devices
  • Deep Brain Stimulation Devices
  • Sacral Nerve Stimulation
  • Vagus Nerve Stimulation
  • Gastric Electric Stimulation
  • Interventional Neurology
    • 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
  • CSF Management
    • CSF Shunts
    • CSF Drainage
  • Neurosurgery Devices
    • Ultrasonic Aspirators
    • Stereotactic Systems
    • Neuroendoscopes
    • Aneurysm Clips

By End User (Revenue, USD Billion):

  • ??Hospitals and Clinics
  • Specialty Centres
  • Others

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

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The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

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Stage III: Interpretation and Presentation

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Last updated on: 15 March 2023
Updated by: Shivam Zalke

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