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Comprehensive Digital Health In Neurology Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034
Digital Health In Neurology Market Share
The rising prevalence of neurological disorders is expected to drive the growth of digital health in the neurology market. Neurological conditions affect the nervous system, including the brain and spinal cord, and are on the rise due to aging populations, lifestyle factors, and better diagnosis. Digital health technologies are enabling remote monitoring, early detection, and personalized treatments for neurological disorders. According to the World Federation of Neurology, over 40% of the global population suffers from neurological conditions, a figure expected to double by 2050, driving the demand for digital health in neurology.
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What is the future CAGR of the digital health in neurology market, and how will it impact industry expansion?
The digital health in neurology market has seen exponential growth in recent years. It is expected to rise from $44.26 billion in 2024 to $55.07 billion in 2025, at a CAGR of 24.4%. Factors contributing to this growth include better access to care for Parkinson's disease patients, the use of big data for neurological health, the integration of digital tools with neurogenetics research, and advancements in telemedicine for movement disorders.
The digital health in neurology market is projected to grow to $130.22 billion by 2029 with a CAGR of 24.0%. Growth is driven by AI and ML advancements, telemedicine, wearable tech, remote monitoring, big data, and patient-centric platforms. Trends include AI-powered diagnostics, virtual care, preventative care emphasis, and treatment personalization.
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What are the most significant trends transforming the digital health in neurology market today?
Leading companies in the digital health in neurology sector are advancing their technologies, such as neural interfaces, to strengthen their market position. A neural interface enables direct communication between the brain and external devices. For example, in November 2022, Blackrock Neurotech, a U.S.-based biotech firm, introduced Neuralace, a next-generation neural interface with over 10,000 channels and a flexible electrode design. This technology promises to transform neurological disorder treatment by capturing brain data, supporting vision and memory restoration, and aiding in mental health treatment.
Which key market segments comprise the digital health in neurology market and drive its revenue growth?
The digital health in neurology market covered in this report is segmented -
1) By Component: Software, Hardware, Services
2) By Indication: Alzheimer's Disease, Parkinson's Disease, Multiple Sclerosis, Epilepsy, Other Indications
3) By End-Use: Patients, Providers, Payers, Other End-users
Subsegments:
1) By Software: Neurological Monitoring Software, Diagnostics Software, Data Analytics Software, Treatment Management Software
2) By Hardware: Wearable Devices, Neurostimulators, Brain-Computer Interface Devices
3) By Diagnostic Equipment: (Not Specified In The List)
4) By Services: Telemedicine Services, Remote Monitoring Services, Consultation Services, Data Management And Analytics Services
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What regions are at the forefront of digital health in neurology market expansion?
North America was the largest region in the digital health in neurology market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital health in neurology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the leading players fueling growth in the digital health in neurology market?
Major companies operating in the digital health in neurology market are Neuralink Corp., Neuronetics Inc., NeuroPace Inc., Synaptive Medical, Cala Health, Magstim Co Ltd., MindMaze, MicroTransponder Inc., Neuroelectrics, Pear Therapeutics Inc., electroCore Inc., NeuroMetrix Inc., Blackrock Neurotech, AppliedVR, Neurable Inc., BitBrain, NeuraLight Inc., Axorus, Omniscient Neurotechnology Pty Limited, NervGen Pharma Corp., Cortechs Labs Inc., Brain.fm, Hippoc
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What Is Covered In The Digital Health In Neurology Global Market Report?
•Market Size Forecast: Examine the digital health in neurology market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the digital health in neurology market for a structured understanding.
•Key Players Overview: Analyze major players in the digital health in neurology market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the digital health in neurology market.
•Segment Contributions: Evaluate how different segments drive overall growth in the digital health in neurology market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the digital health in neurology market.
•Industry Challenges: Identify potential risks and obstacles affecting the digital health in neurology market.
•Competitive Landscape: Review strategic developments in the digital health in neurology market, including expansions, agreements, and new product launches.
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