Neurology Diagnostic And Monitoring Devices Market Insights: In-Depth Look at Growth Trends, Market Size, and Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Are the Primary Drivers Supporting the Market Growth of theNeurology Diagnostic And Monitoring Devices Market?
The neurology diagnostic and monitoring devices market is predicted to expand due to the rising incidence of neurodegenerative diseases. Such diseases are defined as progressive disorders leading to the degeneration or death of brain and/or spinal cord nerve cells (neurons). The growth of these diseases can be attributed to an aging population, longer life spans, and increased exposure to environmental and genetic risks. These diagnostic and monitor devices offer an accurate, real-time evaluation of brain function and disease development, which allows for an early diagnosis, personalized treatment plans, and efficient tracking of treatment responses. For example, the National Records of Scotland, a Scottish government organization, reported in September 2023 that Alzheimer’s disease and other dementias were blamed for 6,277 deaths in Scotland in 2022, a 4% increase from the previous year, representing an additional 231 deaths. Consequently, the escalating prevalence of neurodegenerative diseases is fueling the growth of the neurology diagnostic and monitoring devices market.
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#How Does the ProjectedNeurology Diagnostic And Monitoring Devices Market Growth Compare Over the Forecast Period?
In recent times, the market size for neurology diagnostic and monitoring devices has seen substantial growth. The forecast suggests an escalation from $8.52 billion in 2024 to $9.32 billion in 2025, marking a compound annual growth rate (CAGR) of 9.4%. The past progress in this market can be traced back to factors like elevated healthcare spendings and investments, a rise in EEG procedures, more allocation of funds for healthcare, increased input in research and development, and enhancements in diagnostic precision.
In the forthcoming years, the neurology diagnostic and monitoring devices market is predicted to experience accelerated growth, reaching a value of $13.21 billion by 2029 with a 9.1% compound annual growth rate (CAGR). This projection can be a result of various factors such as governmental and healthcare efforts, the rise of personalized medicine, the expansion of telemedicine, improvement in healthcare infrastructure, as well as regulatory approbations and standards. Notable trends during the forecast duration are anticipated to include an expansion of telehealth, introduction of advanced neurostimulation devices, innovation and merging of biomarkers, neuroinformatics and data amalgamation, as well as advancements in nanotechnology.
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What Are the Latest Innovations Influencing theNeurology Diagnostic And Monitoring Devices Market?
Leading corporations in the neurology diagnostic and monitoring devices sector are prioritizing the development of state-of-the-art solutions like an image-guided therapy system to boost accuracy in neurovascular operations. An image-guided therapy system is a form of medical technology that aids in planning, navigating, and implementing a range of therapeutic procedures, often in real-time. For example, Koninklijke Philips N.V., a health technology firm based in the Netherlands, rolled out the unprecedented Azurion neuro biplane system in February 2024 to speed up and enhance the less invasive diagnosis and treatment processes for neurovascular patients. The system includes distinctive features such as superior C-arm rotation and angulation for flexible imaging, swift transition between 2D and 3D imaging to optimize workflow, inclusive table-side control to ensure sterile field maintenance, automatic beam rotation for precise image orientation, a novel head immobilizer to aid in stroke patient care, and the incorporation of AI and machine learning to monitor performance and proactively identify potential service issues.
Who Are the Major Industry Players Accelerating Growth in theNeurology Diagnostic And Monitoring Devices Market?
Major companies operating in the neurology diagnostic and monitoring devices market are Siemens Healthineers, Koninklijke Philips N.V., GE HealthCare Technologies Inc., Shimadzu Corporation, Masimo Corporation, Nihon Kohden Corporation, Elekta AB, Natus Medical Incorporated, Esaote S.p.A., Zynex Medical Inc., Canon Medical Systems Corporation, Neurosoft S.A., Cadwell Industries Inc., Cogito Brains Inc., Blackrock Neurotech Inc., Compumedics Limited, Ceribell Inc., Nexstim Plc, NeuroMetrix Inc., Lumos Labs Inc., Soterix Medical Inc., Advanced Brain Monitoring Inc., Sense Neuro Diagnostics Inc.
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Which Primary Segments of the Neurology Diagnostic And Monitoring Devices Market Are Driving Growth and Industry Transformations?
The neurology diagnostic and monitoring devices market covered in this report is segmented –
1) By Device Type: Electroencephalogram (EEG) Systems, Magnetic Resonance Imaging (MRI) Systems, Computed Tomography (CT) Scanner, Position Emission Tomography (PET) System, Ultrasound Imaging Systems, Other Device Types
2) By Indication: Neurodegenerative Disease, Epilepsy, Stroke, Other Indications
3) By End-User: Hospitals And Surgery Centers, Neurology Centers, Ambulatory Care Centers, Diagnostic Laboratories And Imaging Centers, Research Laboratories And Academic Institutes
Subsegments:
1) By Electroencephalogram (EEG) Systems: Portable EEG Systems, Clinical EEG Systems, Wireless EEG Systems
2) By Magnetic Resonance Imaging (MRI) Systems: Closed MRI Systems, Open MRI Systems, Functional MRI (fMRI) Systems
3) By Computed Tomography (CT) Scanner: Standard CT Scanners, High-Definition CT Scanners, 3D CT Scanners
4) By Position Emission Tomography (PET) System: PET-CT Scanners, PET-MRI Scanners
5) By Ultrasound Imaging Systems: Diagnostic Ultrasound Systems, 3D and 4D Ultrasound Systems, Portable Ultrasound Systems
6) By Other Device Types: Nerve Conduction Study (NCS) Devices, Evoked Potential (EP) Systems, Brain Implants and Neurostimulators
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Which Regions Are Key Players in the Growth of the #What Are the Primary Drivers Supporting the Market Growth of theNeurology Diagnostic And Monitoring Devices Market?# Market?
North America was the largest region in the neurology diagnostic and monitoring devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the neurology diagnostic and monitoring devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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