Nigeria Neurology Devices Market Analysis

Nigeria Neurology Devices Market Analysis

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The Nigeria Neurology Device Market is expected to witness growth from $11 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 Nigeria, which results in increasing demand for neurology devices. The market is segmented by product type and by the end user. Some key players in this market include Me Cure Healthcare, Johnson and Johnson, GE Healthcare, Stryker, Medtronic, Abbott Laboratories and Philips Healthcare.

ID: IN10NGMD012 CATEGORY: Medical Devices GEOGRAPHY: Nigeria AUTHOR: Jigyasu Bhandari

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Nigeria Neurology Devices Market Executive Analysis

The Nigeria Neurology Devices Market size is at around $11 Mn in 2022 and is projected to reach $xx Mn in 2030, exhibiting a CAGR of xx% during the forecast period. In Nigeria, the amount of money set aside for health care as a percentage of the overall budget is declining, falling from 11.2% in 2020 to 8.6% in 2022. In Nigeria, per capita, health spending decreased from $10.8 per person in 2020 to $8.5 per person per year in 2022. The total share of capital allocated to Nigeria's health sector between 2020 and 2022 varied just slightly, between 49.8% and 53.9%.

Nigeria has a 1.5% prevalence of Parkinson's disease. 2.2% of the population in Nigeria suffers from epilepsy. Stroke, meningitis, encephalitis, peripheral neuropathy, and other neurological diseases are very common in Nigeria. Nigeria has one of the highest rates of stroke occurrence in the world, and stroke is a major cause of death and disability there. The provision of healthcare services and resources may also have an effect on Nigeria's prevalence and incidence rates for neurological diseases and disorders. Whereas interventional devices use radiography and catheters to diagnose the patient's ailments, deep brain stimulation devices assist in carrying out therapies by implanting a neurology device that provides electrical impulses to particular target regions in the brain. Neurology devices are used to diagnose, treat, and prevent a wide range of neurological conditions, such as Alzheimer's disease, spinal cord injuries, and traumatic brain injuries. These neurological devices are also used to help persons regain their hearing and vision who have lost a limb or who have congenital limb discrepancies.

Nigeria Neurology Device Market Analysis

Market Dynamics

Market Growth Drivers

The Prevalence of Neurological illnesses has increased in Nigeria, which results in increasing 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 neurology devices are in more demand in the market.

Market Restraints

Manufacturers of Neurology devices may find the regulatory environment in Nigeria difficult because of the difficult and drawn-out registration and approval procedures. Because of this, it could be challenging for manufacturers to launch their innovative neurology devices quickly.

Competitive Landscape

Key Players

  • Me Cure Healthcare (NG)
  • Philips Healthcare
  • Medtronic
  • Abbott Laboratories
  • Johnson & Johnson
  • Boston Scientific
  • GE Healthcare

Notable Recent Deals

2022: The Nigerian Ministry of Health and Philips Healthcare inked a contract in 2022 for the provision of a variety of neurology devices. Through this agreement, patients in Nigeria will receive higher-quality care and have easier access to cutting-edge medical technologies.

2021: In order to supply cutting-edge medical imaging and neurology devices, GE Healthcare signed a contract in 2021 with Synlab Nigeria, a top provider of medical diagnostic services. The diagnosis and treatment of neurological disorders in Nigeria will be a qualitative part of this agreement.

Healthcare Policies and Regulatory Landscape

The Nigerian Medical Products Regulatory Agency (NMPRA), which is in charge of the registration and regulation of medical devices, has a Medical Devices Section that oversees neurology devices. Before their devices can be sold in Nigeria, manufacturers of neurology devices must have regulatory approval from the NMPRA. In Nigeria, the manufacture, importation, exportation, distribution, advertisement, and sale of neurological devices are regulated and controlled by the National Agency for Food and Drug Administration and Control (NAFDAC). Before any neurology devices are made available on the Nigerian market, NAFDAC verifies their efficacy and safety. The National Health Act, which was enacted into law in 2014, serves as Nigeria's complete regulatory and service delivery framework. The law calls for the creation of a National Health Insurance System (NHIS), which facilitates greater access to medical treatments, including devices for neurology.

1. Report Description of the Nigeria Neurology Device Market
1.1 Research Scope and Assumption
1.2 Objective of the study
1.3 Research Methodology
1.4 Reason to buy the report

2. Nigeria Neurology Device Market Executive Summary
2.1 Nigeria Neurology Device Market – Industry Snapshot & key buying criteria, 2021-2030
2.2 Market Size, Growth Prospects, and Key findings

3. Market Dynamics of Nigeria Neurology Device Market
3.1 Market Growth Drivers Analysis
3.2 Market Restrains Analysis

4. Nigeria Neurology Device Market Segmentation

4.1 By Device Type
4.1.1 Neurostimulation
4.1.2 Interventional Neurology
4.1.3 CSF Management
4.1.4 Neurosurgery Devices

4.2 By End User
4.2.1 Hospitals and Clinics
4.2.2 Speciality Centres
4.2.3 Others

5. Nigeria Neurology Device Market Share
5.1 Market Analysis, Insights, and Forecast – By Revenue

6. Competitive Landscape
6.1 Major Top Market Players

7. Key Company Profiles

7.1 Company 1
7.1.1 Overview
7.1.2 Financial Performance
7.1.3 Product & Services
7.1.4 Strategic initiatives

7.2 Company 2
7.2.1 Overview
7.2.2 Financial Performance
7.2.3 Product & Services
7.2.4 Strategic initiatives

7.3 Company 3
7.3.1 Overview
7.3.2 Financial Performance
7.3.3 Product & Services
7.3.4 Strategic initiatives

7.4 Company 4
7.4.1 Overview
7.4.2 Financial Performance
7.4.3 Product & Services
7.4.4 Strategic initiatives

7.5 Company 5
7.5.1 Overview
7.5.2 Financial Performance
7.5.3 Product & Services
7.5.4 Strategic initiatives 

8. Healthcare Policies and Regulatory Landscape
8.1 Healthcare Policies in Nigeria
8.2 Regulatory Framework in Nigeria
8.3 Pricing & Reimbursement Scenario in Nigeria Neurology Device Market

9. Factors Driving Future Growth
9.1 New Trends and Development Nigeria Neurology Device Market
9.2 Future Opportunities

10. Strategic Recommendations

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

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.


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Last updated on: 15 March 2023

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