Neurology Monitoring Market Share, Trends, Growth And Forecast Report 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Neurology Monitoring Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $8.3 billion In 2028 At A CAGR Of 6.2%

The neurology monitoring market size has grown strongly in recent years. It will grow from $6.08 billion in 2023 to $6.53 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to increasing prevalence of neurological disorders, rise in aging population, growing awareness and diagnosis rates, demand for non-invasive monitoring, integration of remote patient monitoring.

The neurology monitoring market size is expected to see strong growth in the next few years. It will grow to $8.3 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to focus on early detection and intervention, expansion of telemedicine and remote monitoring, personalized medicine approaches, government initiatives for neurological healthcare. Major trends in the forecast period include adoption of wearable neurological monitoring devices, integration of virtual reality (vr) and augmented reality (ar) in neurology monitoring, implementation of wireless connectivity in neurological monitoring devices, development of home-based neurological monitoring solutions, focus on multi-modal neurophysiological monitoring systems.

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Neurology Monitoring Market Major Segments
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

Key Driver - Growing Incidence Of Traumatic Brain Injuries Expanding Neurology Monitoring Market

The growing incidence of traumatic brain injuries is expected to propel the growth of the neurology monitoring market going forward. Traumatic brain injury (TBI) refers to damage to the brain brought on by an external force or trauma. Neurology monitoring is employed for the management of traumatic brain injuries (TBIs) to evaluate the patient's brain function, monitor intracranial pressure, and identify any changes in neurological status, which assists medical professionals in making decisions about treatment plans and interventions, ensuring that patients receive timely and individualized care. For instance, in March 2023, according to the Colorado Department of Human Services (CDHS), a US-based government agency, every year, it is estimated that 2.8 million Americans experience a traumatic brain injury leading to nearly 2.5 million emergency department visits, 225,000 hospitalizations and 65,000 deaths annually. Therefore, the growing incidence of traumatic brain injuries drives the neurology monitoring market.

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Prominent Trend - Increasing Focus On Technological Advancements To Provide Reliable Services To Their Customers

Major companies operating in the neurology monitoring market are focusing on developing innovative electroencephalogram (EEG) monitoring devices, such as Ceribell Rapid Response EEG Device to provide reliable services to their customers. The Rapid EEG is the first of its kind cloud-linked device that provides real-time awareness of harmful brain patterns. For instance, in May 2021, Inspira Health, a US-based healthcare company, launched the new Ceribell Rapid Response EEG monitoring device. This device consists of a headband with built-in electrodes, a pocket-sized recorder with user-friendly software, and a web gateway for remote viewing. The Ceribell Rapid Response EEG includes cloud-linked, portable electroencephalogram (EEG) equipment that enables EEG examinations within minutes, ensuring quick diagnosis and treatment of seizures.

Neurology Monitoring Market Players
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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Largest And Fastest Growing Region In The Market
North America was the largest region in the neurology monitoring market in 2023. 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.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Neurology Monitoring Market Report Structure
3. Neurology Monitoring Market Trends And Strategies
4. Neurology Monitoring Market - Macro Economic Scenario
5. Neurology Monitoring Market Size And Growth
…..
27. Neurology Monitoring Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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