Neurological disorder diagnostics tools are medical devices, which are used in diagnosis of various neurological disorders such as Alzheimer’s disease (AD), Parkinson’s disease (PD), and Multiple Sclerosis. The devices which are majorly used in diagnosis are imaging tools such as Computed Tomography (CT), Magnetic Resonance Imaging (MRI), and in-vitro diagnostics tools such as biomarker and biopsy. Increasing prevalence of neurological disorders in the recent past has increased demand for diagnostic tools. For instance, according to a study published in Parkinson Association of the Carolinas, 2013, each year, around 10 million people worldwide are suffering from Parkinson disease. Moreover, this accounts for around 60,000 cases in the U.S. alone. According to data published by Alzheimer’s Association in 2017, around 5.5 million people in the U.S. of all ages are suffering from Alzheimer’s dementia
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Frequent launches and approvals of novel neurological disorder diagnostics products is expected to drive growth of the market
In the recent past, key players in the market had received approvals and had launched a number of novel technological advanced neurological disorder diagnosis devices in the market, and this is expected to aid in neurological disorder diagnostics market growth. For instance, in April 2018, Canon Medical Systems Corporation launched 1.5T MRI System, Vantage Orian. In April 2018, Siemens Healthineers received U.S. FDA approval for its new SOMATOM go.All and SOMATOM go.Top computed tomography (CT) systems. SOMATOM go.All has 64-slice and provides 0.33-second rotation time, stellar detector technology, and a robust 75 kW generator. SOMATOM go.Top has 128-slice and provides fast scanning. Furthermore, in 2017, Neusoft Medical Systems received U.S. FDA approval for NeuViz Prime CT Scanner.
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