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Global Neurology Devices Market is Expected to Reach USD 13.6 Billion in 2019: Transparency Market Research
Date:11/15/2013

% of the total number of deaths globally. Of these, cerebrovascular diseases are responsible for 85% of the deaths reported. In addition, a rise in the world’s ageing population and an increasing awareness of neurological disorders has triggered the growth of this industry. The growing burden of these diseases on the healthcare system coupled with uncertain economic conditions in the U.S. and Europe has compelled OEMs to introduce cost effective devices for the treatment of neurological disorders. Tax reforms along with increased regulatory compliance norms introduced by several countries are restraining the growth and profitability of companies in this sector.

These restraining factors experienced in mature markets have made it imperative for OEMs to tap the potential market in emerging economies such as India, China, Brazil and Russia. There has been significant growth in these emerging economies owing to increase healthcare awareness, rising disposable incomes, a rising middle class and favorable insurance sector policies in these countries. These factors are anticipated to make these regions the most attractive markets during our forecast period of 2011 - 2019.

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