Ukraine Neurology Devices Market Analysis Report 2022 to 2030

Ukraine Neurology Devices Market Analysis

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The Ukraine 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. The increase in the older population has increased the demand for neurology devices. The market is segmented by product type and end user. Major Key players in Malaysia's neurology devices market include Elektronika, Neurocom, Medtronic, Boston Scientific, Philips Healthcare, and Nihon Kohden.

ID: IN10UAMD012 CATEGORY: Medical Devices GEOGRAPHY: Ukraine AUTHOR: Jigyasu Bhandari

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Ukraine Neurology Devices Market Executive Analysis

The Ukraine Neurology Devices Market size is at around $xx Mn in 2022 and is projected to reach $xx Mn in 2030, exhibiting a CAGR of xx% during the forecast period. In comparison to other nations, Ukraine had comparatively low healthcare spending. Ukraine spent about 7.6% of its GDP on healthcare in 2019. Consolidated health spending as a percentage of GDP significantly decreased (from 3.6% to 3.0%, equating to almost 15%), meaning that government spending on health grew much more slowly than the economy. Health spending per capita increased in real terms (by 20% from 2015 to 2020), much slower than economic growth. Real health spending per capita is anticipated to decline by 8.4% if this trend keeps going at the present pace (3%) through 2021.

Neurology devices used for the rehabilitation of neurological disorders include neuroprosthetic devices for patients with paralysis or amputations. Among the neurology equipment used in research are magnetic resonance imaging (MRI) devices. These devices examine the structure and function of the brain. Brain, spinal cord, and nerve problems are referred to as neurological diseases. It is believed that more than 6 million people in Ukraine suffer from neurological illnesses, which raises concerns about the prevalence of neurological diseases in the country. With over 200,000 new occurrences every year, Ukraine has one of the highest rates of stroke incidence in the world. Moreover, with an estimated incidence of 82 cases per 100,000 individuals, Ukraine has one of the highest rates of multiple sclerosis in Europe.

Market Dynamics

Market Growth Drivers

In order to detect and manage the considerable and rising prevalence of neurological disorders in Ukraine, modern neurology devices and technologies are required. The increase in the older population has increased the demand for neurology devices, which is driving the growth of the neurology devices market in Ukraine. New and innovative neurology devices that are more precise and efficient in diagnosing and treating neurological disorders are being developed because of advancements in medical technology. These include tools like neuro endoscopes, neurostimulation devices, and neuroimaging apparatus.

Market Restraints

In recent years, Ukraine has seen both economic and political unrest, which may have an impact on market investment and healthcare financing. The demand for neurology devices may decline as a result, and so may spending on research and development.

Competitive Landscape

Key Players

Elektronika (UA)
Neurocom (UA)
Medtronic
Philips Healthcare
Boston Scientific
Abbott Laboratories
Nihon Kohden

Notable Recent Deals

2021: Johnson & Johnson has acquired some stock in the Ukrainian company Neurocom, which specializes in the development of neurology devices. The acquisition improved its position in the neurology device market in Ukraine.

Healthcare Policies and Regulatory Landscape

The State Service on Medicines and Drug Control (SSMDC) is Ukraine's main medical device regulating body. The organization is in charge of overseeing post-market monitoring, registration, and approval of neurology devices. Good Manufacturing Practice (GMP) laws, which outline specifications for manufacturing procedures, quality management systems, and product testing, have been introduced in Ukraine for neurology devices. A new health insurance law that mandates health insurance for all residents was implemented by Ukraine in 2018. This law covers medical equipment, especially those used in neurology. Technical regulations for neurology devices have been implemented in Ukraine in accordance with European Union (EU) laws for medical devices. This covers the specifications for product labeling, usage guidelines, and post-market monitoring.

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

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.