The neurology device market is undergoing rapid expansion –advent of advanced medical device and growing healthcare expenditure

 

 

 


The field of neurology is undergoing rapid expansion due to growing concerns on the part of medical institutions as well as patients regarding the impact of neurological ailments in our society. This is one of the fastest-growing segments of the health care technology industry, which has been witnessed to double in size over the next few years. Neurology devices are basically used to treat various neurology disorders.

Increasing incidence of neurological conditions, huge expenditures by private entities in neurological devices, increased R&D activity in the area of Neurotherapy, and high aging population is a few factors driving demand for neurology devices. The development of new neuro-stimulation procedures, which are effective in the treatment of neurological conditions, have also contributed to significant demand for such products.

The latest generation of these devices includes the binaural-audio therapies, which are known to be efficient in stimulating different parts of the brain at a specific frequency, thereby affecting various brain processes. They are most effective in treating a number of neurological conditions, including epilepsy, Parkinson's disease, stroke, and depression. They are most commonly applied for the treatment of sleep disorders, memory problems, pain management, headaches, and more. They are widely used for the treatment of ADHD and narcolepsy.

The neurology devices are available in different forms. The most common form is the implanted pacemaker which is used to treat patients with heart diseases. The growing demand for such products can be attributed to increasing demands for improved healthcare and medical conditions and the fact that the aging population is also finding it difficult to cope up with the medical conditions that are associated with age.

Recently, Philips launched its first clinical product IntelliSpace Cognition for aiding cognitive assessment for treating various neurological conditions in the U.S.

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