Exploring Consumer Shifts in South Korea Neurology Devices Market Market 2025-2033

South Korea Neurology Devices Market by Type of Device (Cerebrospinal Fluid Management Devices, Interventional Neurology Devices, Neurosurgery Devices, Neurostimulation Devices, Other Types of Devices), by South Korea Forecast 2025-2033

Jun 8 2025
Base Year: 2024

197 Pages
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Exploring Consumer Shifts in South Korea Neurology Devices Market Market 2025-2033


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Key Insights

The South Korea neurology devices market presents a compelling investment opportunity, exhibiting robust growth projected to continue over the forecast period (2025-2033). With a Compound Annual Growth Rate (CAGR) of 6.80% from 2019 to 2024, the market is driven by several key factors. An aging population, increasing prevalence of neurological disorders like stroke and Alzheimer's disease, rising healthcare expenditure, and a growing awareness about advanced treatment options are all contributing to market expansion. Furthermore, technological advancements leading to the development of minimally invasive procedures, sophisticated neurostimulation devices, and improved cerebrospinal fluid management systems are fueling demand. The market is segmented by device type, encompassing cerebrospinal fluid management devices, interventional neurology devices, neurostimulation devices (including various subtypes), and support devices. Leading players like Medtronic, Johnson & Johnson, and Stryker are vying for market share through strategic partnerships, product innovation, and expansion of their distribution networks. While regulatory hurdles and high device costs could pose challenges, the overall market trajectory suggests significant potential for growth within the next decade. This makes South Korea an attractive market for both established players and emerging companies in the neurology device sector.

The competitive landscape is characterized by a mix of global giants and regional players. Established multinational corporations leverage their extensive research and development capabilities, global distribution networks, and brand recognition to maintain a significant market share. However, smaller, innovative companies are also finding success by focusing on niche areas and introducing technologically advanced products. The market’s future growth hinges on several factors: government initiatives supporting healthcare infrastructure, ongoing research into more effective treatments for neurological disorders, and the successful integration of digital technologies to enhance patient care and outcomes. Continued investment in research and development, coupled with strong regulatory support and patient education initiatives, will shape the future growth trajectory of the South Korea neurology devices market.

South Korea Neurology Devices Market Research Report - Market Size, Growth & Forecast

South Korea Neurology Devices Market: A Comprehensive Report (2019-2033)

This comprehensive report provides a detailed analysis of the South Korea neurology devices market, offering invaluable insights for industry professionals, investors, and strategic decision-makers. With a study period spanning 2019-2033, a base year of 2025, and a forecast period of 2025-2033, this report leverages rigorous data analysis to present a clear picture of current market dynamics and future growth potential. The market is segmented by device type, including Neurostimulation Devices, Cerebrospinal Fluid Management Devices, Interventional Neurology Devices, and Support Devices, providing a granular understanding of market performance across various segments. Key players such as Smith & Nephew, Integra LifeSciences Corporation, Abbott Laboratories, Johnson & Johnson, Medtronic PLC, Elekta AB, Stryker Corporation, and B Braun SE are analyzed, revealing their market share and strategic initiatives. The report projects a xx Million market size by 2025, exhibiting a CAGR of xx% during the forecast period.

South Korea Neurology Devices Market Structure & Innovation Trends

The South Korea neurology devices market exhibits a moderately concentrated structure, with a few major players holding significant market share. Market concentration is influenced by factors such as stringent regulatory approvals, high research & development costs, and the specialized nature of these devices. Innovation is driven by advancements in minimally invasive surgical techniques, artificial intelligence (AI) integration for improved diagnostics and treatment planning, and the development of personalized medicine approaches.

  • Market Share: The top 5 players account for approximately xx% of the market share in 2025.
  • M&A Activity: The market has witnessed a moderate level of merger and acquisition activity in recent years, with deal values averaging xx Million per transaction in the period 2019-2024. These activities reflect strategic consolidation and expansion efforts by key players.
  • Regulatory Framework: Stringent regulatory approvals by the Ministry of Food and Drug Safety (MFDS) influence market entry and product lifecycle.
  • Product Substitutes: Limited substitutes exist for many neurology devices, given their specialized applications, thus enhancing market stability.
  • End-User Demographics: The aging population in South Korea is a significant driver of market growth, increasing the demand for neurology devices.
South Korea Neurology Devices Market Growth

South Korea Neurology Devices Market Dynamics & Trends

The South Korea neurology devices market is poised for robust growth, fueled by several key factors. The aging population, rising prevalence of neurological disorders, increasing healthcare expenditure, and advancements in medical technology are all contributing to market expansion. Technological disruptions, such as the adoption of AI and robotics in neurosurgery, are enhancing the precision and effectiveness of treatments. Consumer preferences are shifting towards minimally invasive procedures and improved patient outcomes, driving demand for advanced neurology devices. Competitive dynamics are characterized by ongoing innovation, strategic partnerships, and a focus on expanding market penetration. The market is anticipated to reach xx Million by 2033, exhibiting a xx% CAGR during the forecast period. Market penetration is gradually increasing, with improved access to advanced technologies.

South Korea Neurology Devices Market Growth

Dominant Regions & Segments in South Korea Neurology Devices Market

The Seoul metropolitan area dominates the South Korea neurology devices market due to its concentration of specialized hospitals, research institutions, and medical professionals. Within the segmentation:

  • Other Neurosurgery Devices: Neurostimulation Devices: This segment is experiencing significant growth due to the rising prevalence of neurological disorders requiring neurostimulation therapies. Key drivers include government initiatives promoting advanced medical technologies and increasing awareness of these treatments.

  • Other Neurosurgery Devices: Other Types of Devices: This segment shows steady growth driven by the ongoing development of innovative devices for improved diagnosis and treatment.

  • By Type of Device: Cerebrospinal Fluid Management Devices: This segment shows moderate growth, influenced by technological advancements in device design and functionality.

  • Interventional Neurology Devices: This is a rapidly growing segment, driven by minimally invasive procedures gaining traction.

  • Support Devices: Neurosurgery Devices: This segment demonstrates stable growth due to its indispensable role in supporting neurosurgical procedures.

  • Key Drivers:

    • Investment in healthcare infrastructure.
    • Government policies supporting medical technology adoption.
    • Growing awareness about neurological disorders.

South Korea Neurology Devices Market Product Innovations

Recent innovations include the development of AI-powered diagnostic tools, minimally invasive neurosurgical devices, and advanced neurostimulation technologies. These innovations are improving treatment accuracy, reducing recovery times, and enhancing patient outcomes. The market is witnessing a shift towards personalized medicine, with devices tailored to individual patient needs. These advancements improve market fit by addressing unmet clinical needs and expanding treatment options.

Report Scope & Segmentation Analysis

This report segments the South Korea neurology devices market by device type:

  • Neurostimulation Devices: This segment encompasses deep brain stimulation (DBS) devices and spinal cord stimulation (SCS) devices. Market size is projected to reach xx Million by 2033.
  • Cerebrospinal Fluid Management Devices: This segment includes shunts and drainage systems. The market size is projected to reach xx Million by 2033.
  • Interventional Neurology Devices: This segment covers devices used in procedures such as thrombectomy and aneurysm coiling. Market size is projected to reach xx Million by 2033.
  • Support Devices: This segment includes monitoring devices and surgical instruments. Market size is projected to reach xx Million by 2033.
  • Other Neurosurgery Devices: This segment encompasses a range of other neurosurgery devices. Market size is projected to reach xx Million by 2033.

Key Drivers of South Korea Neurology Devices Market Growth

Several factors are driving market expansion, including:

  • Rising Prevalence of Neurological Disorders: The aging population and increased stress levels contribute to a rise in neurological conditions.
  • Technological Advancements: Innovations in minimally invasive surgery and AI-powered diagnostics are boosting market growth.
  • Government Support: Initiatives to improve healthcare infrastructure and promote medical technology adoption are accelerating market growth.

Challenges in the South Korea Neurology Devices Market Sector

The market faces challenges such as:

  • Stringent Regulatory Approvals: The rigorous regulatory process can delay product launches and increase costs.
  • High Device Costs: The high cost of advanced neurology devices can limit accessibility for some patients.
  • Intense Competition: The presence of several established players creates competitive pressures.

Emerging Opportunities in South Korea Neurology Devices Market

Emerging opportunities include:

  • Growth of Telemedicine: Remote monitoring and virtual consultations are expanding the reach of neurological care.
  • Adoption of AI and Robotics: These technologies are improving the precision and effectiveness of neurosurgical procedures.
  • Focus on Personalized Medicine: Tailoring treatment plans to individual patient needs is becoming increasingly important.

Leading Players in the South Korea Neurology Devices Market Market

  • Smith & Nephew
  • Integra LifeSciences Corporation
  • Abbott Laboratories
  • Johnson & Johnson
  • Medtronic PLC
  • Elekta AB
  • Stryker Corporation
  • B Braun SE

Key Developments in South Korea Neurology Devices Market Industry

  • March 2022: GE Healthcare and Seoul National University Bundang Hospital (SNUBH) partnered to explore leveraging digital health platforms. This signifies a move towards digital healthcare transformation in the market.
  • July 2021: Neurolief secured an exclusive licensing agreement for Relivion, a non-invasive migraine and depression treatment device, in South Korea. This highlights the expanding market for non-invasive neurology treatments.

Future Outlook for South Korea Neurology Devices Market Market

The South Korea neurology devices market is poised for sustained growth, driven by technological advancements, a growing elderly population, and increasing government support for healthcare innovation. Strategic partnerships and collaborations between device manufacturers and healthcare providers will be crucial in expanding market access and accelerating the adoption of innovative technologies. The market is projected to experience significant expansion, presenting attractive opportunities for both established players and emerging companies.

South Korea Neurology Devices Market Segmentation

  • 1. Type of Device
    • 1.1. Cerebrospinal Fluid Management Devices
    • 1.2. Interventional Neurology Devices
      • 1.2.1. Interventional/Surgical Simulators
      • 1.2.2. Neurothrombectomy Devices
      • 1.2.3. Carotid Artery Stents
      • 1.2.4. Embolic Coils
      • 1.2.5. Support Devices
    • 1.3. Neurosurgery Devices
      • 1.3.1. Neuroendoscopes
      • 1.3.2. Stereotactic Systems
      • 1.3.3. Aneurysm Clips
      • 1.3.4. Other Neurosurgery Devices
    • 1.4. Neurostimulation Devices
      • 1.4.1. Spinal Cord Stimulation Devices
      • 1.4.2. Deep Brain Stimulation Devices
      • 1.4.3. Sacral Nerve Stimulation Devices
      • 1.4.4. Other Neurostimulation Devices
    • 1.5. Other Types of Devices

South Korea Neurology Devices Market Segmentation By Geography

  • 1. South Korea
South Korea Neurology Devices Market Regional Share


South Korea Neurology Devices Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2019-2033
Base Year 2024
Estimated Year 2025
Forecast Period2025-2033
Historical Period2019-2024
Growth RateCAGR of 6.80% from 2019-2033
Segmentation
    • By Type of Device
      • Cerebrospinal Fluid Management Devices
      • Interventional Neurology Devices
        • Interventional/Surgical Simulators
        • Neurothrombectomy Devices
        • Carotid Artery Stents
        • Embolic Coils
        • Support Devices
      • Neurosurgery Devices
        • Neuroendoscopes
        • Stereotactic Systems
        • Aneurysm Clips
        • Other Neurosurgery Devices
      • Neurostimulation Devices
        • Spinal Cord Stimulation Devices
        • Deep Brain Stimulation Devices
        • Sacral Nerve Stimulation Devices
        • Other Neurostimulation Devices
      • Other Types of Devices
  • By Geography
    • South Korea


Table of Contents

  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. Increase in Incidence of Neurological Disorders; Increasing R&D and Huge Investments by Private Players in Neurology Devices
      • 3.3. Market Restrains
        • 3.3.1. High Cost of Equipment
      • 3.4. Market Trends
        • 3.4.1. Sacral Nerve Stimulation Devices is the Segment under Neurostimulation Devices that is Expected to Grow Fastest during the Forecast Period
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. South Korea Neurology Devices Market Analysis, Insights and Forecast, 2019-2031
    • 5.1. Market Analysis, Insights and Forecast - by Type of Device
      • 5.1.1. Cerebrospinal Fluid Management Devices
      • 5.1.2. Interventional Neurology Devices
        • 5.1.2.1. Interventional/Surgical Simulators
        • 5.1.2.2. Neurothrombectomy Devices
        • 5.1.2.3. Carotid Artery Stents
        • 5.1.2.4. Embolic Coils
        • 5.1.2.5. Support Devices
      • 5.1.3. Neurosurgery Devices
        • 5.1.3.1. Neuroendoscopes
        • 5.1.3.2. Stereotactic Systems
        • 5.1.3.3. Aneurysm Clips
        • 5.1.3.4. Other Neurosurgery Devices
      • 5.1.4. Neurostimulation Devices
        • 5.1.4.1. Spinal Cord Stimulation Devices
        • 5.1.4.2. Deep Brain Stimulation Devices
        • 5.1.4.3. Sacral Nerve Stimulation Devices
        • 5.1.4.4. Other Neurostimulation Devices
      • 5.1.5. Other Types of Devices
    • 5.2. Market Analysis, Insights and Forecast - by Region
      • 5.2.1. South Korea
  6. 6. Competitive Analysis
    • 6.1. Market Share Analysis 2024
      • 6.2. Company Profiles
        • 6.2.1 Smith & Nephew
          • 6.2.1.1. Overview
          • 6.2.1.2. Products
          • 6.2.1.3. SWOT Analysis
          • 6.2.1.4. Recent Developments
          • 6.2.1.5. Financials (Based on Availability)
        • 6.2.2 Integra LifeSciences Corporation*List Not Exhaustive
          • 6.2.2.1. Overview
          • 6.2.2.2. Products
          • 6.2.2.3. SWOT Analysis
          • 6.2.2.4. Recent Developments
          • 6.2.2.5. Financials (Based on Availability)
        • 6.2.3 Abbott Laboratories
          • 6.2.3.1. Overview
          • 6.2.3.2. Products
          • 6.2.3.3. SWOT Analysis
          • 6.2.3.4. Recent Developments
          • 6.2.3.5. Financials (Based on Availability)
        • 6.2.4 Johnson and Johnson
          • 6.2.4.1. Overview
          • 6.2.4.2. Products
          • 6.2.4.3. SWOT Analysis
          • 6.2.4.4. Recent Developments
          • 6.2.4.5. Financials (Based on Availability)
        • 6.2.5 Medtronic PLC
          • 6.2.5.1. Overview
          • 6.2.5.2. Products
          • 6.2.5.3. SWOT Analysis
          • 6.2.5.4. Recent Developments
          • 6.2.5.5. Financials (Based on Availability)
        • 6.2.6 Elekta AB
          • 6.2.6.1. Overview
          • 6.2.6.2. Products
          • 6.2.6.3. SWOT Analysis
          • 6.2.6.4. Recent Developments
          • 6.2.6.5. Financials (Based on Availability)
        • 6.2.7 Stryker Corporation
          • 6.2.7.1. Overview
          • 6.2.7.2. Products
          • 6.2.7.3. SWOT Analysis
          • 6.2.7.4. Recent Developments
          • 6.2.7.5. Financials (Based on Availability)
        • 6.2.8 B Braun SE
          • 6.2.8.1. Overview
          • 6.2.8.2. Products
          • 6.2.8.3. SWOT Analysis
          • 6.2.8.4. Recent Developments
          • 6.2.8.5. Financials (Based on Availability)

List of Figures

  1. Figure 1: South Korea Neurology Devices Market Revenue Breakdown (Million, %) by Product 2024 & 2032
  2. Figure 2: South Korea Neurology Devices Market Share (%) by Company 2024

List of Tables

  1. Table 1: South Korea Neurology Devices Market Revenue Million Forecast, by Region 2019 & 2032
  2. Table 2: South Korea Neurology Devices Market Revenue Million Forecast, by Type of Device 2019 & 2032
  3. Table 3: South Korea Neurology Devices Market Revenue Million Forecast, by Region 2019 & 2032
  4. Table 4: South Korea Neurology Devices Market Revenue Million Forecast, by Country 2019 & 2032
  5. Table 5: South Korea Neurology Devices Market Revenue Million Forecast, by Type of Device 2019 & 2032
  6. Table 6: South Korea Neurology Devices Market Revenue Million Forecast, by Country 2019 & 2032


Frequently Asked Questions

1. What is the projected Compound Annual Growth Rate (CAGR) of the South Korea Neurology Devices Market?

The projected CAGR is approximately 6.80%.

2. Which companies are prominent players in the South Korea Neurology Devices Market?

Key companies in the market include Smith & Nephew, Integra LifeSciences Corporation*List Not Exhaustive, Abbott Laboratories, Johnson and Johnson, Medtronic PLC, Elekta AB, Stryker Corporation, B Braun SE.

3. What are the main segments of the South Korea Neurology Devices Market?

The market segments include Type of Device.

4. Can you provide details about the market size?

The market size is estimated to be USD XX Million as of 2022.

5. What are some drivers contributing to market growth?

Increase in Incidence of Neurological Disorders; Increasing R&D and Huge Investments by Private Players in Neurology Devices.

6. What are the notable trends driving market growth?

Sacral Nerve Stimulation Devices is the Segment under Neurostimulation Devices that is Expected to Grow Fastest during the Forecast Period.

7. Are there any restraints impacting market growth?

High Cost of Equipment.

8. Can you provide examples of recent developments in the market?

In March 2022, GE Healthcare and Seoul National University Bundang Hospital (SNUBH) entered a memorandum of understanding to explore opportunities for SNUBH to leverage the Edison Digital Health Platform and related services from GE Healthcare.

9. What pricing options are available for accessing the report?

Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.

10. Is the market size provided in terms of value or volume?

The market size is provided in terms of value, measured in Million.

11. Are there any specific market keywords associated with the report?

Yes, the market keyword associated with the report is "South Korea Neurology Devices Market," which aids in identifying and referencing the specific market segment covered.

12. How do I determine which pricing option suits my needs best?

The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.

13. Are there any additional resources or data provided in the South Korea Neurology Devices Market report?

While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.

14. How can I stay updated on further developments or reports in the South Korea Neurology Devices Market?

To stay informed about further developments, trends, and reports in the South Korea Neurology Devices Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.



Methodology

Step 1 - Identification of Relevant Samples Size from Population Database

Step Chart
Bar Chart
Method Chart

Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Approach Chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.

Note*: In applicable scenarios

Step 3 - Data Sources

Primary Research

  • Web Analytics
  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

  • Annual Reports
  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
Analyst Chart

Step 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.

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Price: $3800

Drivers of Change in France Ophthalmic Devices Industry Market 2025-2033

The French ophthalmic devices market is booming, projected to reach €[Estimated 2033 value] by 2033 with a 4.10% CAGR. Driven by an aging population and technological advancements, this report analyzes market trends, key players (Johnson & Johnson, Alcon, EssilorLuxottica), and segment growth in surgical, diagnostic, and vision correction devices.

June 2025
Base Year: 2024
No Of Pages: 197
Price: $3800
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