Poland Neurology Devices Market Analysis

Poland Neurology Devices Market Analysis


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The Poland Neurology Device Market is expected to witness growth from $73 Mn in 2022 to $xx Bn in 2030 with a CAGR of xx% for the forecasted year 2022-2030. The neurology devices market in Poland is expanding as a result of factors such as the prevalence of neurological conditions like dementia, Parkinson's disease, and stroke is rising in Poland as the population ages. As a result, the demand for neurology devices is rising. The market is segmented by product type and by the end user. Some key players in this market include Synektik, Skamex, Medtronic, Abbott Laboratories, GE Healthcare, Penumbra, and Boston Scientific.

ID: IN10PLMD012 CATEGORY: Medical Devices GEOGRAPHY: Poland AUTHOR: Jigyasu Bhandari

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Poland Neurology Devices Market Executive Analysis

The Poland neurology devices market size is at around $73 Mn in 2022 and is projected to reach $xx Bn in 2030, exhibiting a CAGR of xx% during the forecast period. Poland has some of the lowest health spending in the European Union (EU). Compared to the average for the EU, which was $2975.89, or 9.9% of GDP, in 2015, health spending was $1347.23 per capita, or 6.3% of GDP. 72% of expenditures come from public funds, which is less than the EU average of 79%. Concerns about accessibility are raised by the relatively high (22%) out-of-pocket spending. In Poland, the percentage of adults who smoke every day decreased from 28% in 2001 to 23% in 2014, however, it is still higher than in the majority of European Union (EU) countries.

In Poland, stroke, dementia, epilepsy, multiple sclerosis, Parkinson's disease, and headache disorders are the most prevalent neurological illnesses. A number of variables, including age, gender, lifestyle, environmental factors, and genetic factors, affect the incidence and prevalence of these diseases. In Poland, stroke is the main cause of death and disability, accounting for 50–60 cases per 100,000 people annually. Meanwhile, roughly 6% of Poles over the age of 65 are affected by dementia, which is a serious public health concern. Epilepsy affects roughly 1% of the population in Poland, while multiple sclerosis affects around 25,000 people. Parkinson's disease is expected to afflict roughly 1-2% of the people over the age of 60 in Poland. Neurology devices have several uses besides just diagnosis and therapy. For instance, they are employed in studies to better comprehend neurological problems and create fresh therapies. To aid patients in recovering from stroke or other neurological injuries, they are also applied in rehabilitation settings.

Poland Neurology Device Market Analysis

Market Dynamics

Market Growth Drivers

The market is anticipated to expand as Poland's demand for neurology devices increases. The prevalence of neurological conditions like dementia, Parkinson's disease, and stroke is rising in Poland as the population ages. As a result, the demand for neurology devices is rising. New and enhanced neurology devices that are more precise, efficient, and user-friendly have been created as a result of technological advancements. One such example is the ability to treat neurological problems without surgery or other invasive treatments thanks to the development of non-invasive technology like Transcranial Magnetic Stimulation (TMS) and neurostimulation devices.

 Market Restraints

Poland's market for neurology devices is quite cutthroat, with numerous manufacturers contending for market dominance. It may be challenging for new competitors to gain traction and for well-established businesses to hold onto market share as a result. It can be difficult and expensive to obtain regulatory approval for innovative neurological devices in Poland due to the country's complex regulatory framework. This may prevent new producers from entering the market and hinder market innovation.

Competitive Landscape

Key Players

  • Synektik (PL)
  • Skamex (PL)
  • Medtronic
  • Boston Scientific
  • GE Healthcare
  • Johnson and Johnson
  • Stryker
  • Abbott Laboratories
  • Penumbra

Notable Recent Deals

2021: In order to provide enhanced monitoring, defibrillation, and resuscitation solutions, Remote Diagnostic Technologies (RDT), a Poland company, has been acquired by Philips.

Healthcare Policies and Regulatory Landscape

The key regulatory agency in Poland in charge of approving medical devices is the Polish Agency for Medical Devices (PAM). Prior to being marketed in Poland, PAM is in charge of making sure that all neurology devices adhere to the necessary safety and efficacy requirements. Neurology devices must be registered with Polish Agency for Medical Devices (PAM) in order to be sold in Poland. A thorough application that contains details about the device's design, intended usage, and clinical evidence proving its usefulness must be submitted as part of the registration procedure. Poland's National Health Fund (NFZ) is in charge of paying reimbursements for neurology devices. Neurology devices must fulfill specific requirements, such as having a CE mark and being listed on the NFZ's list of reimbursed devices, in order to be eligible for payment.

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

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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Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

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Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

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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We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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Last updated on: 28 February 2023
Updated by: Riya Doshi

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