Global Neurological Disorder Diagnostic Market: Overview
The neurological disorder diagnostic devices are utilized to diagnosis of several neurological disorder like Multiple Sclerosis, Alzheimer’s disease (AD) and Parkinson’s disease (PD). Also, rising prevalence of neurological disorder in recent past likely to boost growth of the global neurological disorder diagnostic market.
As per report published in Parkinson Association of the Carolinas, close to 10 million people are suffering Parkinson disease. In addition, this account for around 60,000 case in the U.S. alone. As per data published by the Alzheimer’s association, approximately 5.5 million people of all age group people are suffering from Alzheimer’s dementia.
The report provide acute assessment of key growth drivers, trends, recent advancement in technology, the prevalent regulatory landscape, and the strategic dynamics in several regions during the course of forecast period of 2018–2026. The study detailed analysis into the emerging and current status of the market, key opportunities, and the promising avenues in different segments. The study can help players and stakeholders to identify imminent investment opportunity in this market.
Global Neurological Disorder Diagnostic Market: Trends and Opportunities
In recent years, the manufacturers have received approvals and has launched various technological advanced neurological disorder diagnostic device in the market. This is another factor fueling growth of this market in near future. The manufacturers are strategically partnering to develop new products related to neurological disorder diagnostics. This further contributes to the growth of this market in coming years. Rising adoption of neurological diagnostic device in hospitals and ambulatory care centers likely to propel market growth.
On the other hand, high cost associated with the diagnosis device such as CT scan and MRI scan likely to limit growth of the global neurological disorder diagnostic market. The high cost associated with the products leads to less adoption of products in emerging economies like China, India and Africa. These are some of the factor negatively impacting growth of this market at global level.
Global Neurological Disorder Diagnostic Market: Regional Outlook
On the geographical standpoint, North America dominate the global neurological disorder diagnostics market owing to high usage of these device by the hospital and ambulatory care centers in this region. On the other hand, Asia Pacific likely to register promising growth due to increasing demand for the neurological patients and growing healthcare infrastructure in this region.
Global Neurological Disorder Diagnostic Market: Companies Mentioned
The report offers key players operating in the global neurological disorder diagnostic market. Some of the prominent players operating in this market includes Canon Medical Systems Corporation, Healthineers, Masimo Corporation, Neusoft Medical Systems, and York Instruments Ltd. Merger and collaboration are the key strategic adopted by the major players in order to gain foothold and to achieve maximum share in the overall market.
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