Senegal Neurology Devices Market Analysis

Senegal Neurology Devices Market Analysis


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The Senegal Neurology Device Market is expected to witness growth from $xx Mn in 2022 to $xx Mn in 2030 with a CAGR of xx% for the forecasted year 2022-2030. In Senegal, The prevalence of neurological diseases like Parkinson's disease, stroke, and epilepsy is anticipated to rise as Senegal's population ages. This is probably going to increase the demand for neurology devices. The market is segmented by product type and by the end user. Some key players in this market include Johnson and Johnson, GE Healthcare, Stryker, Medtronic, Abbott Laboratories and Stryker.

ID: IN10SNMD012 CATEGORY: Medical Devices GEOGRAPHY: Senegal AUTHOR: Jigyasu Bhandari

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Senegal Neurology Devices Market Executive Analysis

The Senegal Neurology Devices Market size is around $xx Mn in 2022 and is projected to reach $xx Mn in 2030, exhibiting a CAGR of xx% during the forecast period. In Senegal, public health spending accounted for 52% of total health spending, private health spending for about 48%, and external health funding for approximately 3.1%. Out-of-pocket payments made directly by households account for over 43% of all health expenses. Senegal spent 5.9% of its Gross Domestic Product (GDP) on health overall in 2020, which is less than the region's average.

Senegal has a rate of 100–200 cases per 100,000 people annually, which is higher than the average for the world. Epilepsy is a significant public health concern in Senegal, where it affects 2-3% of the population overall. Among other neurological disorders and conditions, neurology devices are used to treat Parkinson's disease, epilepsy, traumatic brain injury, Alzheimer's disease, major depressive disorder, and spinal cord injury. These devices can be used to help people regain their hearing and vision, and they can also give amputees or those with congenital limb differences greater functioning. Many people who don't respond well to pharmaceutical therapy or other types of medication use sacral nerve stimulation devices. It is performed with a small device that can provide electrical impulses to the targeted sacral nerves in the lower back. These devices have been shown to be successful in treating bladder problems. Thus, it is projected that as the prevalence of overactive bladder rises over the course of the forecast period, the sector for sacral nerve stimulation devices would grow.

Market Dynamics

Market Growth Drivers

In Senegal, The prevalence of neurological diseases like Parkinson's disease, stroke, and epilepsy is anticipated to rise as Senegal's population ages. This is probably going to increase demand for neurology devices, including tools for diagnosis and monitoring. Technological developments are spurring innovation in the area of neurology devices, resulting in the creation of brand-new and enhanced products. Senegal's need for neurology equipment is projected to rise as a result of healthcare practitioners' desire to offer their patients the most cutting-edge and efficient treatments. Patients are more inclined to seek diagnosis and treatment as neurological illnesses are becoming more widely known in Senegal. In order to fulfil the demands of this expanding patient population, healthcare providers will certainly increase their demand for neurology devices.

Market Restraints

For new and developing manufacturers in Senegal, the existence of well-known international companies in the neurology devices market can be a hurdle. The market presence and brand recognition of these well-known brands may be stronger, which might make it challenging for new manufacturers to compete. Neurology device development and use in Senegal may be limited by the country's underdeveloped healthcare system. The availability and usage of these technologies may be constrained by the absence of contemporary healthcare facilities, especially specialised neurology centres.

Competitive Landscape

Key Players

  • Stryker
  • Abbott Laboratories
  • Medtronic
  • Johnson & Johnson
  • Penumbra
  • Boston Scientific
  • GE Healthcare

Healthcare Policies and Regulatory Landscape

In Senegal, The Ministry of Health and Social Action, which is in charge of establishing healthcare policies, creating regulations, and regulating the delivery of healthcare services in the nation, is in charge of managing the healthcare policies and regulatory environment in Senegal. The National Drug Regulatory Agency (ANRGM), which is in charge of controlling the importation, distribution, and sale of Neurology devices in Senegal, oversees the country's regulatory framework for these devices.

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: 28 February 2023
Updated by: Ritu Baliya

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