Emphasis on Research and Development Influences Pediatric Neurology Market

Healthcare

A branch of medicine that deals with the disorders of nervous system is known as neurology. It diagnoses and treats disorders related to central and peripheral nervous system. Pediatric neurology refers to the treatment and diagnosis of neurological disorders in pediatric patients. Neurological disorders comprise paroxysmal disorders, epilepsy, and muscular dystrophy.

There are different age groups that come under the gamut of pediatric patient pool such as adolescents, neonates, children, and infants.

Market Thrives on Launch of New Pediatric Neurology Gadgets

The pediatric neurology market consists of some medical gadgets like brain stimulation devices and EEG (electroencephalogram). These gadgets are used in the treatment and diagnosis of pediatric neurological disorders. Besides, numerous therapies also exist to treat pediatric neurological disorders. Pediatric neurological evaluations, lumbar puncture therapies, and intrathecal drug therapies are used in treating pediatric neurological disorders. Companies that are operating in the global pediatric neurology market are focusing more on research and development activities related to novel drug development. This has resulted in the launch of many new products. This has contributed towards the growth of global pediatric neurology market.

North America is anticipated to account for the highest share of the pediatric neurology market during the forecast period, followed by Europe and Asia Pacific. The U.S. dominates the pediatric neurology market with a significant market share, Growth of the global pediatric neurology market is projected to be driven by emerging economies in Asia, where the prevalence of the disorder is comparatively high as compared to other regions. New launch of pediatric neurology devices worldwide is projected to drive the growth of the market. 

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North America accounted for the largest share of the global pediatric neurology market during the forecast timeframe. Europe and Asia Pacific are anticipated to trail North America. The U.S. is projected to dominate the global pediatric neurology market, in terms of country. The global pediatric neurology market in Asia Pacific is expected to rise at a healthy CAGR over the period of forecast.

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Lisa Smith

Lisa Smith is a specialist in search engine optimized (SEO) content with a wealth of experience gathered from working in leading market research firms. Currently, she is the Team Lead for the SEO department at Transparency Market Research. In the said role, she has actively contributed to building a winning content strategy leveraging right keywords, link building, market research and analysis, and competitor analysis. Lisa has a Bachelor’s Degree in Computer Science from Nagpur University and a Master’s degree in Business Administration.

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