Change In Lifestyle Of The Urban Population Increases The Demand For Neurology

Posted by sainath on September 17th, 2018

Neurology devices are designed to aid diagnose, prevent, monitor and treat a variety of neurological disorders and conditions such as Parkinson’s disease, Alzheimer’s disease, epilepsy, major depression, spinal cord and traumatic brain injuries.

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The global neurology devices market has shown moderate growth in the past years with a CAGR of around 5.5%. The year 2017 recorded highest ever market value in this industry as per TBRC’s inhouse consultants.

TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.

The report also shows the neurology devices market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.                                                                                   

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Changing lifestyles and an increase in sedentary jobs is causing people to be more vulnerable to acute neurological problems, brain hemorrhage, and paralysis. Lifestyle changes have led to increasing incidences of stress and anxiety, both a major cause of neurological disorders such as Alzheimer’s disease and other forms of dementia. These are caused by abnormal working hours, food habits, smoking and heredity. 

TBRC’s latest report will cover in depth understanding and calculated impacts of each market factor on a global as well as regional level, to analyze the best investment strategy for this market.

Companies included in the report are Medtronic plc, Abbott Lab, B. BraunMelsungen AG Stryker Corporation and LivaNova.

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