The Neurology Devices Market To Grow At A Higher Rate


Posted January 21, 2019 by srikanthgtbrc

The neurology devices market size is expected to reach $10 billion by 2022, significantly growing at a CAGR of around 8% during the forecast period.

 
The Business Research Company’s neurology devices global market report, covers the year-on-year growth of the global neurology devices market historic and forecast growth. It also includes chapters on the neurology devices market trends, geographical analysis, and competitive landscape.



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https://www.thebusinessresearchcompany.com/report/neurology-devices-global-market-report

The global neurology devices market size is expected to reach $10 billion by 2022, significantly growing at a CAGR of around 8% during the forecast period



Neurology Devices Market Trends

The neurology devices (or) equipment market consists of sales of neurology devices and related services by entities (organizations, sole traders and partnerships) that produce neurology devices to diagnose and treat neurological diseases. This industry includes establishments that produce shunts and external drainage systems under cerebrospinal fluid management (CSF) devices to treat medical condition such as hydrocephalus. It also consists of interventional neurology devices to treat neurovascular diseases and neurosurgery devices.

Wearable technology innovations are a new trend in the neurology device market. Wearable technology helps monitor symptoms automatically and also predicts some serious conditions such as seizures and disease progression before the patient is aware of them. These devices can collect health related data at anytime and anywhere and thus are useful in monitoring or diagnosing several kinds of neurological disorders such as Parkinson’s disease, multiple sclerosis and epilepsy and also helpful to neurologists treating those patients. For instance, Massachusetts Institute of Technology is testing a watch which is able to predict seizures by measuring skin moisture. Neurology devices with electro encephalo graphic (EEG) sensors are also being developed to record electrical signals along the scalp to measure brain activity.


The global neurology devices market is primarily driven by increase in changes in lifestyles, increased adoption of neurological devices over drug therapies, rise in global burden of neurology disorders and economic growth.



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The global neurology devices market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.

With increase in aging population, technology advances and emerging markets growth, the global neurology devices market is expected to increase in potential and scope. TBRC’s report also covers the neurology devices drivers and restraints in the market.

The global neurology devices market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.

The top companies included in the global neurology devices market report are Medtronic, Abbott Lab, B. BraunMelsungen AG, Stryker Corporation, LivaNova..



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Categories Business , Industry , Marketing
Tags neurology devices market , neurosurgery devices
Last Updated January 21, 2019