Market Size of Brazil Neurology Devices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.70 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Brazil Neurology Devices Market Analysis
The Brazil Neurology Devices Market is expected to grow with a CAGR of 4.7% during the forecasted period. The key factors propelling the growth of this market are increase in incidence of neurological disorders,huge investments by private players in neurology devices and increase in R&D in the field of neurotherapies.
According to the World Population Ageing 2019 report, in Brazil population aged 65 years or over in 2019 was 19.526 million (9.3%) and this number is projected to reach to 30.413 million (13.6%) in 2030. As the number of elderly population is expected to grow in coming years and elderly population are more prone to neurological disorders such as Parkinsons disease and Alzheimer's disease which drives the market in future.
Thus, owing to above factors the market is expected to show significant growth over the forecast period.
