 Technological advancements transforming EU neurological mktPublished on Fri, Dec 22, 2006 at 11:55 | Source : Moneycontrol.com Updated at Sat, Dec 23, 2006 at 16:33 Like this story, share it with millions of investors on M3
The increasing incidence of neurological problems paralleled by technology advances are supporting high growth potential in the European neurological monitoring market. Frost & Sullivan ( http://www.healthcare.frost.com ) finds that the European Neurological Monitoring Market earned revenues of $135.2 million in 2005 and estimates this to reach $175.3 million in 2012. "Neurological monitoring is a technologically advanced market and is poised to revolutionise the monitoring of neurological parameters," states Frost & Sullivan Research Analyst C.R. Hema Varshika. "Market participants have shifted their focus towards new applications, like long-term monitoring of conditions such as epilepsy and sleep disorders that will drive market growth." The rising incidence of epilepsy in developed nations and heightened awareness about sleep disorders coupled with the rapid rise of sleep labs and sleep clinics has greatly motivated and influenced the growth of the neurological monitoring market in such applications.
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