Market Trends of Brazil Neurology Devices Industry
This section covers the major market trends shaping the Brazil Neurology Devices Market according to our research experts:
Sacral Nerve Stimulation Devices is the Segment under Neurostimulation Devices that is Expected to Grow Fastest during the Forecast Period
The sacral nerve stimulation devices are mostly used for patients for whom drug therapy or other types of medications are not successful. It is performed with the help of a small device, which is capable of sending electrical impulses to the targeted sacral nerves located in the lower back region. These devices are found to be successful in treating bladder problems. Hence, with increasing incidences of overactive bladder, the sacral nerve stimulation devices segment is expected to grow during the forecast period.
Sacral nerve stimulation devices are an effective and safe treatment for patients suffering from fecal and urinary dysfunction. Increasing demand for the minimal invasive therapy, rising prevalence of urinary bladder diseases, and technological advancements such as introduction of novel coatings and engineering strategies are the main factors driving the growth of the market.
As per Ministério da Saúde Brazil and Conselho Federal de Medicina 2018 survey report, estimated that in 2017, the Brazilian government's expenditure spend on healthcare was around 1.27 thousand Brazilian reals per person, up from 1.24 thousand reals in 2016. This indicates support from Brazilian government's regarding people's health will boost the segment in coming years.
Thus, owing to above factors the segment is expected to show significant growth over the forecast period.
