(PharmaNewsWire.Com, January 09, 2018 ) The Chile Neurology Device market is expected to reach USD XX Billion by 2024 from USD XX Billion in 2017, at a CAGR of X%. Neurology is a branch of medicine, which deals with the disorders of the nervous system.The massive population with diseases, development of healthcare infrastructure across emerging market and growing market demand for efficient neurovascular devices are some of the key factors driving the growth of the market.
Neurostimulation devices hold the most significant share in the neurology device market Based on the type of devices, Neurology device market is segmented into cerebrospinal Fluid Management Devices, interventional neurology devices, cerebral balloon devices, aneurysm coiling & embolization, neurosurgery devices andneurostimulation devices. Among these devices, neurostimulation device holds the most significant share in the neurology device market, and neurostimulationsegment is essential for the treatment of locomotor and nervous disorders. After neurostimulation device market, neurosurgery device holds the most significant share in the forecast period as they are used for the brain cell damage repair surgery and tumor removal.
Chile holds the most significant market share in 2024 Chile was the first most considerable region reckoned for over 51% of the market share. The neurology device market in Chile is driving massive due to the adoption of neurovascular devices as the decreasing production costs and increasing awareness among the neurosurgeons about the benefits provided by interventional neurology devices and expanding healthcare infrastructure. The government initiative to modernize and to develop health care centers are the primary factors to drives the market in Chile. The key players in the neurology devices market areBoston Scientific, Abbott Laboratories, Johnson & Johnson, Cyberonics Inc., Cordis Corporation, Stryker Corporation, Codman & Shurtleff, Inc., Medtronic, Inc., and Accuray Incorporated, Boston Scientific Corporation.
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