Neurology Devices Market is expected to witness a CAGR of around 13.5% during the forecast period (2018-2023)| Major Players - BBOSTON SCIENTIFIC, MEDTRONIC, INC., ABBOTT, MICROPORT, PENMUDRA INC., J&J, NIHON KOHDEN, among others

Market Analysis:

North America Dominates the Market
North America dominates the market and is expected to hold the largest market share due to the significant adoption of neurovascular devices among neurosurgeons, favorable reimbursement scenario, high presence of device manufacturers in the region, and availability of important R&D investments.

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The increase in the prevalence of cerebral stroke and other severe disorders such as Alzheimer’s disease, epilepsy, and Parkinson’s is expected to fuel the demand for neurology devices thereby driving the industry. The other factors include, huge investments made by private players in neurology devices, increase in research & development in the field of Neurotherapy and the rise in the number of the aging population. Due to the stringent regulations, the delay in approvals is a major challenge faced by the companies involved in the manufacture of neurological devices and is likely to hinder the market of the neurological devices. The high cost of equipment is also one of the restraining factors in the market.

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Market Segments:
Neurology Devices Market is segmented by:
1. Type of Device: Cerebrospinal Fluid Management Devices, Interventional Neurology Devices, Neurosurgery Devices, Neurostimulation Devices, Others
2. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• December 2017: Boston Scientific received US FDA approval for the Vercise Deep Brain Stimulation System.

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