Market Size of South Africa Neurology Devices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.50 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South Africa Neurology Devices Market Analysis
The South Africa Neurology Devices Market is expected to grow with a CAGR of 4.5% during the forecasted period. The key factors propelling the growth of this market are an increase in the incidence of neurological disorders, huge investments by private players in neurology devices and an increase in R&D in the field of Neurotherapy.
According to the World Population Ageing 2019 report, in South Africa population aged 65 years or over in 2019 was 3.171 million (5.4%) and this number is projected to reach to 4.404 million (6.7%) in 2030. This is expected to consistently increase the dementia patient population which boost the interest of existing players to invest more in this country.
Thus, owing to the above factors the market is expected to show significant growth over the forecast period.
