Neurology Devices Market study is providing you with the up-to-date,
actionable market information and projections with the latest impact of the
Covid 19 outbreak. It offers all the requisite data to support tactical
business decisions and come up with strategic growth plans. This study also
proposes a comprehensive insight into the development policies and plans in
addition to manufacturing processes and cost structures.
Global Neurology Devices Market is anticipated to reach USD 10.8 billion
by 2022. Neurological devices imply “Interventional neurology” is the
non-surgical field that uses minimally invasive, image-guided techniques for
the treatment of most complex and dangerous diseases of the brain, neck, and
spine.
Download Free Sample Report Now @ https://www.millioninsights.com/industry-reports/neurology-devices-market/request-sample
The factors that propel the growth of the neurology devices market
include increasing demand, rapid urbanization & industrialization, and
product development & technological innovation, large patient pool, growing
number of private hospitals & diagnostic centers, and awareness among
people. In addition, some of the other factors such as demand for effective
neurovascular devices, favorable medical repayment, new product innovation and
commercialization, growth in the number of research activities in the field of
neurovascular therapies, and improvements in healthcare infrastructure across
emerging markets are expected to drive the market further.
On the other hand, there are factors that may hamper the growth of the
market including the high cost of R&D and complicated government approval
processes. Neurology devices industry is anticipated to grow at a significant
CAGR in the upcoming period as the scope, product types, and its applications
are increasing across the globe.
Neurology devices market may be explored by product type, technology,
end users, distribution channel, and geography. The market may be explored by
product type as Neurostimulation (Spinal Cord Stimulation, Sacral Nerve
Stimulation, Spinal Cord Stimulation, Deep Brain Stimulation, Gastric Electric
Stimulation, and Vagus Nerve Stimulation), Aneurysm Coiling & Embolization
Devices (Liquid Embolic Agents, Flow Diversion Devices and Embolic Coils),
Neurothrombectomy Devices (Snares, Suction and Aspiration Devices and Clot
Retrievers), Cerebral Balloon Angioplasty & Stenting Systems (Embolic
Protection Systems and Carotid Artery Stents), and Support Devices (Micro guide
wires and Micro catheters).
The “Neurostimulation devices” segment led the neurology devices
industry in 2015 and is anticipated to maintain its dominance by 2022. The key
factors that may attributed to the growth of market include faster acting
stimulation devices, aged population, and the development of minimally invasive
neurological and the growing number of chronic CNS disorders.
Based on technology, the neurology devices market could span Carotid
Artery Angioplasty and Stenting, Neurothrombectomy, Embolization and Coiling
and Supporting Technologies. The market of neurology devices could be explored
based on end users as Ambulatory Surgical Centers, Hospitals and Clinics. The
market could be explored based on distribution channel as online stores,
specialty stores, and others.
North America accounted for the major market share of the neurology
devices in 2017 and will continue to lead in the forecast period. The factors
that could be attributed to the growth include privatization of the healthcare
sector, favorable reimbursement policies, and technological innovations. On the
other hand, the Asia Pacific is expected to show high growth rates in the
neurology devices industry. Factors such as large population base, growing
awareness, and rising number hospital & clinics.
Some of the key players that fuel the growth of the neurology devices
industry comprise B. Braun Melsungen AG, Medtronic, Integra Life Sciences
Holdings Corp., Stryker Corporation, Ivanova, St. Jude Medical Inc., Micro port
Scientific Corporation and Penumbra Inc. U.S. The leading companies are taking
up partnerships, mergers and acquisitions, and joint ventures in order to boost
the inorganic growth of the industry.
Know
More Insights @ https://newsonmarketblog.wordpress.com
No comments:
Post a Comment