TheBusinessResearchCompany’s Neurology Devices Market covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market.
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.
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The neurology devices market expected to reach a value of nearly $12.35 billion by 2022, significantly growing at a CAGR of 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.
However, 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.
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The present study exhibits the trends and market dynamics of the Neurology Devices market in major countries – USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world. The report also includes the study of the current issues with consumers and various future opportunities for the market.
The global neurology devices market is further segmented based on type and geography.
By Type – The neurology devices market is segmented into cerebrospinal fluid management (CSF) devices, interventional neurology, neurosurgery devices, neurostimulation devices among these segments, the market cerebrospinal fluid management (CSF) devices accounts for the largest share in the global neurology devices market.
By Geography – The global neurology devices is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the global neurology devices market.
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Some of the major players involved in the Neurology Devices market are Medtronic, Abbott Lab, B. BraunMelsungen AG, Stryker Corporation, LivaNova.
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