South Korea neurology devices market to grow by 4% through 2030

Researchers developed a new paradigm in neurodegenerative diseases treatment.

South Korea’s neurology devices market is seen to increase at a compound annual growth rate of over 4% through 2030, GlobalData, a research analytics firm, said.

This will be supported by researchers from Pohang University of Science and Technology “developing a new nanoparticle-based technique to administer electrical stimulation to the brain without the use of implanted electrodes.”

READ MORE: Heart valve market in Australia to reach $50m in 2030: report

GlobalData said this new tech will help establish a new paradigm in treatment of neurodegenerative illnesses.

Shreya Jain, medical devices analyst at GlobalData, said this could help as there are concerns about side effects from treatment for such diseases.