Market space of Neurology can be broadly divided into Drugs and Pharmaceutical and Medical Device markets. The Pharmaceutical market segment covers neurological disorders such as Alzimer’s disease, Parkinson’s disease, epilepsy, multiple sclerosis, and cerebrovascular diseases. The medical device segment majorly covers neurostimulation and spinal cord stimulation (SCS) devices, and other diagnostic instrument such as MRI and fMRI. One of the significant subset/sub-segment of Medical Device Neurology market is the Interventional Neurology which covers minimal invasive non-surgical device based Neurological diagnosis and treatment.

With high unmet needs and increasing geriatric population, Alzheimer's disease is one of the most commercially viable neuropharma segment. Technology favouring the medical device development like emergence of wearables and robotics, and supportive reimbursement perspectives and patient preference for Interventional Neurology are the market drivers. 

Despite a widespread use, neurological complexity and brain anatomy have limited the use of CNS/neurological drugs, whereas the healthcare infrastructure challenge and cost are the major market restrains. Neurology drugs carries quite higher chances of late stage Regulatory rejections when compared to fellow medical indications, but the still crossing the M&A deal value of $62 Billion for the Year 2019 shows the need of therapy as the major market opportunity.   

The M&A and partnership activities by key players such as Takeda, Shire, Novartis, AveXis, Lundbeck, Prexton Therapeutics and Abide Therapeutics have resulted positive growth.

Few of the keyplayers in the Neurology market space include Bioxtreme Robotics Rehabilitation, Ectron Limited,  Ekso Bionics, Helius Medical Technologies, Hocoma Ag, Kinestica, Kinova Robotics, Medtronic, Neurostyle, Allergan, Integra LifeSciences, Johnson & Johnson, LivaNova and Magstim Co. Ltd.

References: www.marketresearch.com; www.marketwatch.com; pitchbook.com; www.marketsandmarkets.com;  www.technavio.com

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