Neurology Monitoring Market Growth Outlook: Trends, Market Size, and Opportunities Over the Next Decade
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Drivers Are Shaping the Growth and Development of theNeurology Monitoring Market?
The escalating occurrence of traumatic brain injuries is predicted to fuel the neurology monitoring market’s expansion. Traumatic brain injury (TBI) is the damage to the brain caused by external force or trauma. Neurology monitoring is a crucial tool for overseeing TBIs, evaluating brain functionality, tracking intracranial pressure, and detecting any neurological changes. This monitoring helps physicians develop treatment strategies and interventions tailored to the individual patient’s needs. The Colorado Department of Human Services stated in March 2023 that around 2.8 million Americans suffer a TBI annually, leading to about 2.5 million emergency department visits, 225,000 hospital admissions, and 65,000 deaths. As a result, the increasing incidence of traumatic brain injuries is a significant driver of the neurology monitoring market. Neurology Monitoring Market Driver: Increased Cases of Neurodegenerative Disorders Boost the Neurology Monitoring Market
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#What Growth Opportunities Will Drive the Neurology Monitoring Market’s CAGR Through 2034?
In recent years, the neurology monitoring market has experienced significant growth. The market value is projected to increase from $6.53 billion in 2024 to $7.01 billion in 2025, at a compound annual growth rate (CAGR) of 7.2%. The historic growth trend can be linked to a rise in neurological disorders, an aging population, increased awareness and diagnosis rates, a need for non-invasive monitoring, and the inclusion of remote patient monitoring.
Anticipated to experience substantial growth in the forthcoming years, the neurology monitoring market is projected to expand to $8.78 billion by 2029, reflecting a compound annual growth rate (CAGR) of 5.8%. This development during the predicted period can be credited to the prioritization of early detection and intervention, the broadening scope of telemedicine and remote monitoring, personalized medicine strategies, and government-backed initiatives promoting neurological healthcare. Key trends anticipated during this period encompass the utilization of wearable neurological monitoring devices, the incorporation of virtual reality (VR) and augmented reality (AR) in neurology monitoring, the execution of wireless connectivity in neurological monitoring devices, home-oriented neurological monitoring solutions, and emphasis on multi-modal neurophysiological monitoring systems.
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Which Cutting-Edge Market Trends Are Expected to Drive theNeurology Monitoring Market’s Growth?
Leading firms in the neurology monitoring market are concentrating on manufacturing cutting-edge electroencephalogram (EEG) monitoring devices, such as cloud-connected portable EEG machines, to deliver dependable solutions to their clientele. A cloud-connected portable EEG device allows for real-time brain activity tracking by wirelessly sending information to the cloud for remote assessment and data storage. For instance, in November 2023, BioSerenity, a healthcare corporation based in France, secured FDA approval for Neuronaute Plus, an all-inclusive and user-friendly EEG device created by the same company. This portable medical gadget gathers EEG data that can be transferred to the cloud, enabling experts in Europe, Canada, and the U.S. to conveniently review the data. With minimal training required, the device is user-friendly and comes with the Icecap, an innovative EEG electrode net that streamlines the recording procedure.
What Are the Leading Market Players Impacting theNeurology Monitoring Market’s Growth Trend?
Major companies operating in the neurology monitoring market report are Medtronic PLC, Siemens Healthcare GmbH, GE Healthcare, Philips Healthcare, Drägerwerk AG & Co. KgaA, Masimo Corporation, Nihon Kohden Corporation, Integra LifeSciences Corporation, Natus Medical Incorporated, Raumedic AG, Neurosoft LLC, Cadwell Laboratories Inc., Compumedics Limited, Sophysa SA, Electrical Geodesics Inc., BrainScope Company Inc., G.Tec Medical Engineering GmbH, Persyst Development Corporation, Advanced Brain Monitoring Inc., NeuroWave Systems Inc., Spiegelberg GmbH & Co. KG, BrainMaster Technologies Inc., DEYMED Diagnostic s.r.o., Inomed Medizintechnik GmbH, Novela Neurotechnologies Inc
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How Are the Key Segments of the Neurology Monitoring Market Driving Opportunities and Innovations?
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 Regions Are At the Forefront of #What Drivers Are Shaping the Growth and Development of theNeurology Monitoring Market?# Market Expansion?
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.
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