North America has the highest share in the market followed by Europe and Asia-Pacific due to the presence of top market players and also major technological advancements.
Hyderabad, India -- (SBWIRE) -- 03/08/2018 -- The report on " Neurotherapeutics Market by Treatment - (Neurologic Drugs, and Neurologic Devices), by disorders – (Peripheral Nervous system (PNS) disorders, Autonomous Nervous system (ANS) disorders, Central Nervous system (CNS) disorders), by distribution channels (Neurotherapeutic center, Clinical research organisations, Hospitals, Clinics) and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)" is published by Market Data Forecast.
Neurologic disorders are defined as a modification in the function of a nervous system and are chiefly caused as a result of structural modification in the function of the spinal cord, brain, and other alternative nerves. These disorders involve progressive deterioration in mental and physical capabilities that affect the patient's health.
The Global Neurotherapeutics Market is principally driven by factors such as raising awareness among individuals for a better understanding of the nature of neurologic diseases. Increasing elderly population across the globe coupled with a rise in R&D expenditure is fuelling the demand for market growth. However, lack of awareness about reimbursement policy among individuals and government restrictions are hampering the growth of the market.
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The fragmentation of Global Neurotherapeutics Market is done on the basis of distribution channel, treatment, and disorders. On the idea of disorders, the Neurotherapeutics Market is classified as Autonomous Nervous system (ANS) disorders, Central Nervous system (CNS) disorders, Peripheral Nervous system (PNS) disorders.
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On the source of treatment, the market is bifurcated into Neurologic drugs and Neurologic devices. The Neurological devices segment is subdivided into transcranial magnetic stimulation, Electroconvulsive Therapy (ECT), and Deep Brain Stimulator, Vagus Nerve Stimulation (VNS), and others. Whereas, Neurological drugs segment is further bifurcated into oral administration, injections, and others.
On the basis of the distribution channel, the Global Neurotherapeutics Market is categorized as Clinical research organizations, Hospitals, Clinics, Neurotherapeutic center.
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According to the region, the worldwide Neurotherapeutics Market is bifurcated into Latin America, East and Africa, and Asia-Pacific, North America, Europe. North America accountable for the best share of the Neurotherapeutics market followed by Europe. Asia-Pacific is the second largest in the market owing to the presence of high market players and additionally major technological advancements. Asia-Pacific is a rising market because of several countries in this region is on the brink of the robust economic process (healthcare infrastructure, clinic up gradation and products expansion).
The various players in the Neurotherapeutics Market include AstraZeneca plc, Abbott Laboratories, Medtronic, Spiegelberg, Novartis AG, Merck & Co, Dickinson and Company, Sanofi-Aventis, Pfizer, stryker, Johnson & Johnson, Becton, CovidienGE healthcare, Biogen, GlaxoSmithKline.
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