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

What Are the Projected Market Size and Growth Rates for the Neurology Monitoring Market From 2025 To 2029?

The size of the neurology monitoring market has seen substantial growth in recent periods. It is forecast to increase from $6.53 billion in 2024 to $7.01 billion in 2025, representing a compound annual growth rate (CAGR) of 7.2%. The surge experienced in the previous phase can be credited to factors such as the increasing occurrence of neurological disorders, an uptick in the aging population, heightened awareness and diagnosis rates, the need for non-invasive monitoring, and incorporation of remote patient monitoring.

The market for neurology monitoring is projected to experience substantial expansion in the ensuing years, with expectations to escalate to $8.78 billion in 2029, by recording a compound annual growth rate (CAGR) of 5.8%. The projected surge within this period is accredited to the prioritization of initial detection and intervention, the broadening scope of telemedicine and remote surveillance, personalized medicinal strategies, as well as government-supported endeavors for neurological healthcare. Prominent trends within this period are expected to comprise the procurement of wearable devices for neural monitoring, integration of virtual reality (VR) and augmented reality (AR) into neurology monitoring, utilization of wireless connectivity in neurological surveillance devices, advancement of home-bound neurological monitoring solutions, and emphasis on multi-modal neurophysiological monitoring systems.

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Which Factors and External Forces Are Driving Demand in the Neurology Monitoring Market?

The escalation in traumatic brain injuries is anticipated to drive the neurology monitoring market’s expansion in the future. Traumatic brain injuries (TBI) are damages to the brain caused by external force or trauma. Neurology monitoring plays a critical role in the management of such injuries, assisting in assessing brain functionality, tracking intracranial pressure, and noticing any changes in neurological status. This information guides healthcare professionals in crafting suitable treatment plans and intervening timely per the patient’s unique needs. For example, the Colorado Department of Human Services (CDHS) stated in March 2023 that each year approximately 2.8 million Americans suffer a traumatic brain injury, resulting in about 2.5 million emergency room visits, 225,000 hospital admissions, and 65,000 deaths annually. Thus, the soaring incidence of traumatic brain injuries is stimulating the neurology monitoring market.

Neurology Monitoring Market Growth Stimulus: Increasing Prevalence Of Neurodegenerative Disorders Boosts Demand In Neurology Monitoring Market

Which Segments in the Neurology Monitoring Offer the Most Growth?

The neurology monitoring market covered in this report is segmented –

1) By Product Type: Magnetic Resonance Imaging (MRI) Devices, Electroencephalography Devices, Cerebral Oximeters, Intracranial Pressure Monitors, Other Product Types

2) By Disease Type: Traumatic Brain Injury (TBI), Stroke, Sleep Disorders, Parkinson’s Disease, Epilepsy, Other Disease Types

3) By End User: Hospitals, Neurology Centers, Diagnostic Centers, Advancing Surgical Care And Clinics, Other End Users

Subsegments:

1) By Magnetic Resonance Imaging (MRI) Devices: Functional MRI (fMRI), Closed MRI Systems, Open MRI Systems, Portable MRI Systems

2) By Electroencephalography (EEG) Devices: Portable EEG Devices, Wireless EEG Devices, Ambulatory EEG Devices, Clinical EEG Devices

3) By Cerebral Oximeters: Non-Invasive Cerebral Oximeters, Handheld Cerebral Oximeters

4) By Intracranial Pressure Monitors: Invasive Intracranial Pressure Monitors, Non-Invasive Intracranial Pressure Monitors

5) By Other Product Types: Electromyography (EMG) Devices, Transcranial Doppler (TCD) Devices, Evoked Potential Systems, Near-Infrared Spectroscopy (NIRS) Devices

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What Are the Fastest-Growing Geographies in the Neurology Monitoring Market?

North America was the largest region in the neurology monitoring market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the neurology monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which Cutting-Edge Market Trends Are Expected to Drive theNeurology Monitoring Market’s Growth?

Leading firms in the neurology monitoring market are concentrating on creating advanced electroencephalogram (EEG) monitoring instruments, such as cloud-connected portable EEG devices, in order to offer dependable solutions to their clients. These portable devices allow real-time monitoring of brain activities by sending data wirelessly to the cloud for remote analysis and storage. In November 2023, BioSerenity, a healthcare company based in France, obtained approval from the FDA for their product, Neuronaute Plus, a streamlined and comprehensive EEG device. This portable healthcare gadget gathers EEG information, which can then be transferred to the cloud, making it easier for professionals in Europe, Canada, and the US to examine the data. Its user-friendly design minimizes the need for extensive training and is partnered with the Icecap, a revolutionary EEG electrode net, to simplify the recording process.

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What Are the Key Elements That Define the Neurology Monitoring Market?

Neurology monitoring, or neuromonitoring, is a technique used during high-risk medical procedures such as brain, nerve, and spine surgery to detect, treat, and prevent potential damage to the nervous system. Neurology monitoring is performed to observe, measure, and record neurological parameters to evaluate the operation of the nervous system and the brain.

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