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How has the pediatric neurology device market size evolved in recent years?

The pediatric neurology device market has experienced strong growth, with an expected rise from $2.5 billion in 2024 to $2.67 billion in 2025 at a CAGR of 7.0%. Growth in prior years can be attributed to increased awareness and early diagnosis, government initiatives supporting pediatric healthcare, research collaborations, advancements in healthcare infrastructure, growing cases of neurological disorders, and advocacy efforts.

What are the predictions for the pediatric neurology device market size in the coming years?

The pediatric neurology device market is anticipated to witness strong growth, reaching $3.34 billion by 2029 at a CAGR of 5.7%. The expansion is attributed to a global focus on child health, increasing awareness of early intervention, personalized medicine adoption, and international pediatric healthcare collaborations. Trends include wearable neurological monitoring devices, AI-driven diagnostic tools, pediatric neuromodulation devices, telehealth expansion, and advancements in non-invasive neuroimaging technologies.

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What key factors are fueling the growth of the pediatric neurology device market?

The increasing e-commerce market is expected to accelerate the growth of the payment processor market. E-commerce, which involves buying and selling goods and services online, relies on payment processors for secure digital transactions, acceptance of credit and debit cards, and seamless checkout experiences. These processors contribute to higher sales conversion rates and improved customer interactions. For example, in November 2023, the U.S. Census Bureau reported that third-quarter e-commerce sales in 2023 grew by 7.6% compared to the same period in 2022, with e-commerce accounting for 15.6% of total sales. This growth in e-commerce is propelling the expansion of the payment processor market.

How is the global pediatric neurology device market divided into key segments?

The pediatric neurology device market covered in this report is segmented –

1) By Product Type: Neurostimulation Devices, Neurosurgery Devices, Interventional Neurology Devices, Cerebrospinal Fluid Management Devices, Other Types

2) By Condition: Stroke, Seizures, Hydrocephalus, Oncology, Other Conditions

3) By Service And Treatment: Electroencephalogram, Intrathecal Baclofen Therapy, Neurological Evaluations, Vagal Nerve Stimulation, Other Services And Treatments

4) By End User: Hospitals, Ambulatory Surgery Centers, Other End Users

Subsegments:

1) By Neurostimulation Devices: Deep Brain Stimulation (DBS) Devices, Transcranial Magnetic Stimulation (TMS) Devices, Vagus Nerve Stimulation (VNS) Devices, Spinal Cord Stimulation (SCS) Devices

2) By Neurosurgery Devices: Craniotomy Instruments, Surgical Navigation Systems, Brain Tumor Resection Devices, Endoscopic Neurosurgical Devices, Intracranial Pressure Monitoring Systems

3) By Interventional Neurology Devices: Catheters for Neurovascular Intervention, Neurovascular Stents, Embolization Devices, Thrombectomy Devices, Intracranial Aneurysm Coiling Systems

4) By Cerebrospinal Fluid Management Devices: Shunts ), External Ventricular Drainage Systems, Lumbar Drainage Systems

5) By Other Types: Pediatric EEG (Electroencephalogram) Devices, Pediatric MRI and CT Scanners, Pediatric Neurology Monitoring Systems, Neurodiagnostic Devices for Pediatrics

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Who are the key firms paving the way for growth in the pediatric neurology device market?

Major companies operating in the pediatric neurology device market report are Johnson & Johnson Co, Abbott Laboratories, Medtronic PLC, Fujifilm Holdings Corporation, Siemens Healthineers AG, Koninklijke Philips NV, Stryker Corporation, GE HealthCare Technologies Inc., Baxter International Inc., Boston Scientific Corporation, B. Braun Melsungen AG, Zimmer Biomet Holding Inc., Terumo Corporation, Inova Health System, Masimo Corporation, KARL STORZ SE & Co. KG, Nihon Kohden Corporation, Integra LifeSciences Holdings Corp., Elekta AB, LivaNova PLC, Natus Medical Incorporated, Allengers Medical Systems Limited, Compumedics Limited, Cadwell Industries Inc., Spiegelberg GmbH & Co. KG, Elana Inc.

Which trends are expected to transform the pediatric neurology device market?

Predominant entities in the pediatric neurology device industry are launching innovative products, like external trigeminal nerve stimulation mechanisms, to cater to an expanded customer range, escalate their sales, and augment their income. The external trigeminal nerve stimulation gadget is a minorly invasive therapeutic procedure that employs a compact electronic device attached to the forehead for neuromodulation. To exemplify, NeuroSigma Inc., a medical device enterprise based in the US, introduced the Monarch external Trigeminal Nerve Stimulation (eTNS) System in October 2022. It is designed to help patients aged 7 to 12 with attention-deficit/hyperactivity disorder (ADHD) who are not being treated with any medication. The standout feature of this gadget is its ability to attach a petite patch to the patient’s forehead during sleep, generating a low-intensity electric pulse to the trigeminal nerve. As per the ADHD Rating Scale (ADHD-RS) utilized by clinicians, the results of the clinical trials indicated that the eTNS device treatment markedly enhanced ADHD symptoms in a more substantial manner compared to a placebo.

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What regions are contributing significantly to the growth of the pediatric neurology device market?

North America was the largest region in the pediatric neurology device market in 2024. The regions covered in the pediatric neurology device market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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