The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

North America held the largest neurology devices market share in 2022.

The global neurology devices market grew from $15.89 billion in 2022 to $17.67 billion in 2023 at a compound annual growth rate (CAGR) of 11.2%. The neurology devices market is expected to grow to $26.08 billion in 2027 at a CAGR of 10.2%.

Major Driver In The Neurology Devices Market ­– Increase In The Patient Pool Due To The Rising Geriatric Population Globally
According to the World Health Organization, the number of people aged 60 years and above was 1 billion in 2020 and the number will rise to 1.4 billion by 2030 and it will reach 2.1 billion by 2050. This rise in the geriatric population increased the demand for medical care and drove healthcare expenditure. These factors increased the demand for neurology devices and drove the market during the historic period.

View More On The Neurology Devices Market Report 2023 – https://www.thebusinessresearchcompany.com/report/neurology-devices-global-market-report

Key Neurology Devices Market Segments
1) By Type: Cerebrospinal Fluid Management (CSF) Devices And Equipment, Interventional Neurology Devices And Equipment, Neurosurgery Devices And Equipment, Neurostimulation Devices
2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users
3) By Type of Expenditure: Public, Private
4) By Product: Instruments/Equipment, Disposables

Recent Neurology Devices Market Trend – Investments In Research And Development
Neurology device manufacturers are investing in the research and development of implantable wireless brain devices to treat neurological and psychiatric diseases. The neuromodulation devices are tiny devices with a wireless neuromodulator, implanted inside the cranium (skull) to communicate with the brain and stimulate nerves in the body. They are equipped with antennas, application-specific integrated circuits, ceramic lid, and feedthrough. These devices are used for relieving depression, traumatic brain injury, stress, and bipolar disorders by manipulating brain signals accordingly.

Neurology Devices Market Prominent Players
Major companies in the neurology devices market include Medtronic Inc., Stryker Corporation, Terumo Corporation, Integra Lifesciences, Boston Scientific Corporation, Penumbra, Inc., B. Braun Group, Nevro, LivaNova, PLC, and Natus Medical.

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The Neurology Devices Global Market Report 2023  provides a comprehensive overview on the neurology devices market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the neurology devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Neurology devices are used to diagnose, prevent, and treat various neurological disorders such as Alzheimer’s, spinal cord injury, and traumatic brain injury.

View More Related Reports –
Interventional Neurology Devices And Equipment Global Market Report 2023
Neurostimulation Devices Global Market Report 2023
Brain And Neuroimaging Devices Global Market Report 2023
 
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