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The modernization of neurotechnology enables us to take over depression, sleep deprivation, over-activation, and many other disorders. The therapeutic applications can improve epilepsy, degenerative motor disorders such as Parkinson’s disease, Huntington’s disease, and ALS.

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Segmentations-

Basis of product type

• Imaging modalities
  • Magnetic resonance imaging(mri)
  • Computed tomography (ct)
  • Positron emission tomography (pet)
• Neurostimulation
  • Transcranial magnetic stimulation (tms)
  • Transcranial direct current stimulation(tdcs)
• Cranial surface measurement
  • Electroencephalography(eeg)
  • Magnetoencephalography(meg)
• Neurological implants

Basis of end-user

• Hospitals
• Clinics
• Diagnostic centers
• Ambulatory surgical centers

Basis of region

• North america
• Latin america
• Europe
• Asia pacific
• Middle east and africa

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Neurotechnology holds a promising future in evolving human nature when applied fundamentally. The technologies available based on neurotechnology describes the brain’s activity but requires more extensive research for full implementation of available and upcoming technologies.

The adoption of neurotechnology in medical science allows researcher to connect to brain’s activity and understanding individuals’ personality and lifestyle patterns for potent diagnosis and prognosis of neurological disorders.

Geographically, global neurotechnology market can be segmented as North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. The market in North America is anticipated to show the largest share for neurotechnology, followed by Europe, owing to the increasing prevalence and incidence of neurological disorders.

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In addition, large patient population coupled with the geriatric population and increasing research and development funding by government bodies are also driving the growth of neurotechnology market.

Some of the market participants in the global neurotechnology market are General Electric Company, Siemens Healthcare Private Limited, Koninklijke Philips N.V., Toshiba Medical Systems Corporation, Shimadzu Corporation, Hitachi Medical Corporation, Elekta AB, Tristan Technologies, Inc., allengers, Natus Medical Incorporated, and Magstim.

The market of neurotechnology has witnessed consolidation among the key players such as collaboration, partnership, patent transfer, increasing research and development activities, product introduction, mergers and acquisition, and joint ventures among the international as well as domestic players are the distinctive trend of competition in the neurotechnology market.