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