(Companies: Medtronic, Abbott Lab, B. BraunMelsungen AG, Stryker Corporation, LivaNova)
North America was the largest region in the global neurology devices market According to The Business Research Company report.
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.
The neurology devices market (https://www.thebusinessresearchcompany.com/report/neurology-devices-global-market-report) expected to reach a value of nearly $12.35 billion by 2022, significantly growing at a rate of about 4.3% during the forecast period. The growth in the Neurology Devices market is due to increase in changes in lifestyles, increased adoption of neurological devices over drug therapies, rise in global burden of neurology disorders and economic growth.
Major players in the global neurology devices market include Medtronic, Abbott Lab, B. BraunMelsungen AG, Stryker Corporation, LivaNova. LivaNova, PLC is a London, England-based medical device manufacturer. The company develops devices used for cardiac surgery and neuromodulation.
The market for neurology devices is expected to face certain restraints from several factors such as High Cost and Weak Wage Growth in Developed Economies. Wearable technology innovations are a new trend in the neurology device market. Wearable technology helps monitor symptoms automatically and also predicts some serious conditions such as seizures and disease progression before the patient is aware of them. These devices can collect health related data at anytime and anywhere, and thus are useful in monitoring or diagnosing several kinds of neurological disorders such as Parkinson’s disease, multiple sclerosis and epilepsy. They are also helpful to neurologists treating those patients. For instance, Massachusetts Institute of Technology is testing a watch which is able to predict seizures by measuring skin moisture. Neurology devices with electro encephalo graphic (EEG) sensors are also being developed to record electrical signals along the scalp to measure brain activity.
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Few Points From Table of Contents:
6. Neurology Devices Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Neurology Devices Market Trends And Strategies
8. Neurology Devices Market Size And Growth
8.1. Market Size
8.2. Historic Market Growth, Value ($ Billion)
8.2.1. Drivers Of The Market
8.2.2. Restraints On The Market
8.3. Forecast Market Growth, Value ($ Billion)
8.3.1. Drivers Of The Market
8.3.2. Restraints On The Market
9. Neurology Devices Market Regional Analysis
9.1. Global Neurology Devices Market, 2018, By Region, Value ($ Billion)
9.2. Global Neurology Devices Market, 2014 – 2022, Historic And Forecast, By Region
9.3. Global Neurology Devices Market, Growth And Market Share Comparison, By Region
10. Neurology Devices Market Segmentation
10.1. Global Neurology Devices Market, Segmentation By Type, 2014 – 2022, Value ($ Billion)
10.1.1. Cerebrospinal Fluid Management (CSF) Devices
10.1.2. Interventional Neurology
10.1.3. Neurosurgery Devices
10.1.4. Neurostimulation Devices
11. Neurology Devices Market Segments
11.1. Global Cerebrospinal Fluid Management (CSF) Devices Market, Segmentation By Type, 2014 – 2022, Value ($ Billion)
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