Discover trends, market shifts, and competitive outlooks for the neurology devices industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

#What Are the Key Milestones in the Neurology Devices Market’s Growth Trajectory From 2025 To 2034?

The market for neurology devices has seen significant expansion in the past few years. The market value is expected to rise from $18.42 billion in 2024 to $20.79 billion in 2025, reflecting a compound annual growth rate (CAGR) of 12.9%. The notable growth seen during the historical time period can be traced back to a rapidly aging population, swift advancements in technology, prolific economic progress in developing markets, a boost in research and development within the sector, as well as substantial investments in neurology devices by private enterprises.

Anticipated to experience quick expansion in the coming years, the neurology devices market is projected to reach $33.38 billion by 2029, with a compound annual growth rate (CAGR) of 12.6%. The escalation anticipated in the forecast period could be due to the growing age-old population, lifestyle alterations, increased consciousness regarding neurological disorders, an uptick in neurological disease load, and brisk economic growth. Predominant trends during the forecast period comprise investment in the development of neuromodulation devices, the emergence of wearable neurology devices, launching of new products, the adoption of merger and acquisition strategies, and the amplification of research and development endeavors.

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What Are the Core Growth Drivers Propelling the Neurology Devices Market Forward?

The anticipated growth in demand for neurology devices can be attributed to positive government policies and regulations. These government initiatives, encompassing a variety of measures to ensure and enhance healthcare product safety and quality, can profoundly influence the neurology device market. They do this through influencing regulations, supporting R&D, offering financial incentives, broadening the field of telemedicine, boosting public health awareness, and improving overall healthcare infrastructure and access. For example, in October 2023, the Food and Drug Administration (FDA), a US-based federal agency part of the Department of Health and Human Services, expanded the Total Product Life Cycle Advisory Programme (TAP) to cover neurological and physical medicine devices. This move was designed to accelerate progress in these fields. By the first quarter of 2025, the FDA has plans to include four more offices into this program, subsequently increasing the enrolment of devices by as many as 65. As such, these beneficial government initiatives will spur the growth of the neurology device market in the forthcoming period.

What Segment Types Define the Neurology Devices Market Structure?

The neurology devices market covered in this report is segmented –

1) By Type: Cerebrospinal Fluid Management (CSF) Devices And Equipment, Interventional Neurology Devices And Equipment, Neurosurgery Devices And Equipment, Neurostimulation Devices

2) By Type of Expenditure: Public, Private

3) By Product: Instruments/Equipment, Disposables

4) By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users

Subsegments:

1) By Cerebrospinal Fluid Management (CSF) Devices And Equipment: CSF Shunts, CSF Drainage Systems, Ventriculostomy Devices

2) By Interventional Neurology Devices And Equipment: Intracranial Stents, Embolic Coils, Neurovascular Catheters

3) By Neurosurgery Devices And Equipment: Surgical Microscopes, Surgical Navigation Systems, Neurosurgical Instruments

4) By Neurostimulation Devices: Deep Brain Stimulation Devices, Spinal Cord Stimulation Devices, Transcranial Magnetic Stimulation Devices

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Which Geographic Areas Hold the Strongest Growth Potential in the Neurology Devices Market?

North America was the largest region in the global neurology devices market in 2024. Asia-Pacific was the second largest region in the global neurology devices market. Africa was the smallest region in the global neurology devices market. The regions covered in the neurology devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Which Emerging Trends that Are Influencing theNeurology Devices Industry Evolution?

Key enterprises in the neurology devices market, like BrainTale, are innovating their services with digital solutions such as the BrainTale-care platform to improve patient care and extend their product range. BrainTale-Care, a dedicated digital tool, is specifically designed for tracking and predicting neurological disorders. In a notable move in March 2022, BrainTale, a medical devices firm hailing from France, launched the BrainTale-care system, featuring aspects such as brainQuant to quantify white matter, and brainScore-coma to predict coma recovery. This proves a significant stride in the company’s progress, as its vision is to provide European medical professionals with an innovative digital medical device to aid in decision-making. The aim of BrainTale is to offer non-invasive, clinically approved remedies to neurologists and resuscitation specialists, in an effort to enhance the diagnosis, monitoring, and forecasting of the progression of neurological diseases.

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What Is the Definition of the Neurology Devices Market?

Neurology devices are used to diagnose, prevent, and treat various neurological disorders such as Alzheimer’s, spinal cord injury, and traumatic brain injury. These devices are also used to restore hearing and sight for patients with limb loss or congenital limb differences.

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