PUBLISHER: Grand View Research | PRODUCT CODE: 1678730
PUBLISHER: Grand View Research | PRODUCT CODE: 1678730
The global neurology devices market size was estimated at USD 21.28 billion in 2030 and is anticipated to grow at a CAGR of 8.90% from 2025 to 2030, according to a new report by Grand View Research, Inc. This expected growth in demand can be ascribed to growing need for development of different neurostimulation techniques with efficient and accurate algorithms for treatment of several CNS associated disorders.
Rise in incidence of cerebral stroke and other severe disorders such as Alzheimer's disease, epilepsy, and Parkinsonism is expected to fuel demand of neurology devices thereby driving industry growth. According to National Institute of Neurological Disorders and Stroke (NINDS), approximately 50 million Americans are affected due to these disorders leading to high economic & disease costs burden for medical expenses coupled with loss of productivity. The industry is expected to witness a considerable increase in demand for CNS related therapeutic procedures over the forecast period.