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Neurology Devices Market Trends

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Report ID: 3853
Published Date: Aug 22, 2024
Report Format: PDF, PPT

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Neurology Devices Market Trends

Growth Drivers

Increasing Prevalence of Neurological Disorders
Growing Geriatric Population Globally

Challenges

Implementation of Stringent Government Regulations for Approval of Neurology Devices
Lack of Health Awareness in Underdeveloped Regions

Neurology Devices Market: Key Insights

Base Year	2023
Forecast Year	2024–2036
CAGR	7.9%
Base Year Market Size (2023)	USD 14.37 billion
Forecast Year Market Size (2036)	USD 38.61 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

Neurology Devices Market Size & Share, Growth Report 2036

Author Credits: Radhika Pawar

Report ID: 3853
Published Date: Aug 22, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of neurology devices is estimated at USD 15.28 billion.

Neurology Devices Market size was over USD 14.37 billion in 2023 and is poised to cross USD 38.61 billion by 2036, growing at more than 7.9% CAGR during the forecast period i.e., between 2024-2036. Increasing prevalence of neurological diseases will boost the market growth.

Asia Pacific industry is set to hold largest revenue share by 2036, led by increasing awareness regarding healthcare amongst people, along with improving healthcare facilities in the region.

The major players in the market are Johnson & Johnson, LivaNova PLC, Medtronic Plc, Abbot Laboratories, Magstim Co Ltd., Pear Therapeutics, Inc., Penumbra, Inc., Stryker Corporation, and others.

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