Press release
Neurology Devices Market Trends, Growth, Opportunity, Affect On Demand By Covid-19 Pandemic
The Business Research Company
The global neurology devices market is expected to decline from $14 billion in 2019 to $11.8 billion in 2020 at a compound annual growth rate (CAGR) of -16.1%. The decline is mainly because of worldwide supply and demand mismatches of resources due to the COVID-19 outbreak. The market is then expected to recover and grow at a CAGR of 10% from 2021 and reach $20.7 billion in 2023.
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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 any time 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.
Neurology Devices Market Segmentation: -
By Type
1. Cerebrospinal Fluid Management (CSF) Devices And Equipment
2. Interventional Neurology Devices And Equipment
3. Neurosurgery Devices And Equipment
4. Neurostimulation Devices
By End-User
1. Hospitals And Clinics
2. Diagnostic Laboratories
3. Others
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Neurology Devices Market Characteristics
4. Neurology Devices Market Product Analysis
5. Neurology Devices Market Supply Chain
......
20. Neurology Devices Market Competitive Landscape
21. Key Mergers And Acquisitions In The Neurology Devices Market
22. Market Background: Medical Equipment Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer
The report covers the trends and market dynamics of the neurology devices market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the neurology devices market are Medtronic; Abbott Lab; B. BraunMelsungen AG; Stryker Corporation; LivaNova
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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