Key Influencer in the Neurology Diagnostic And Monitoring Devices Market 2025: Increasing Prevalence Of Neurodegenerative Diseases Is Driving The Growth Of The Neurology Diagnostic And Monitoring Devices Market Driver

What combination of drivers is leading to accelerated growth in the neurology diagnostic and monitoring devices market?
The escalating incidence of neurodegenerative diseases is expected to spur the expansion of the neurology diagnostic and monitoring devices market in the future. Neurodegenerative diseases denote a series of disorders distinguished by the constant loss or death of nerve cells, known as neurons, in the brain and/or spinal cord. These diseases are on the rise due to growing older populations, longer lifespan, and heightened exposure to environmental and genetic risks. Devices used in neurology diagnosis and monitoring assist in managing neurodegenerative diseases by delivering accurate and immediate evaluation of brain function and disease advancement, which allows for early diagnosis, customised treatment strategies, and effective tracking of treatment effects. For example, the National Records of Scotland, a governmental organisation in Scotland, reported that Alzheimer's disease and other forms of dementia had resulted in 6,277 deaths in Scotland in 2022, marking a 4% increase from the year before, which had a rise of 231 deaths. Consequently, the escalating incidence of neurodegenerative diseases is fuelling the expansion of the neurology diagnostic and monitoring devices market.

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What is the projected compound annual growth rate (CAGR) of the neurology diagnostic and monitoring devices market from 2025 to 2034, and what factors influence it?
There has been a substantial growth in the market size of neurology diagnostic and monitoring devices over the past few years. Its growth is projected to increase from $8.52 billion in 2024 to $9.32 billion in 2025, representing a compound annual growth rate (CAGR) of 9.4%. Factors that contributed to the growth during the historic period include the rise in healthcare spending and investment, an increase in EEG procedures, heightened health care expenses, more funds allocated to research and development, and enhanced diagnostic precision.

Anticipated robust growth is foreseen for the neurology diagnostic and monitoring devices market over the next several years, with projections indicating a rise to $13.21 billion by 2029, reflecting a compound annual growth rate (CAGR) of 9.1%. The anticipated uptick in the forecast period is ascribed to factors including governmental and medical sector initiatives, the advent of personalized medicine, telemedicine development, a burgeoning healthcare infrastructure and official approval standards. Notable emerging trends during this forecast period encompass the growth of telehealth, the augmentation of advanced neurostimulation devices, the discovery and integration of biomarkers, developments in neuroinformatics and data integration, along with advancements in nanotechnology.

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How are the latest trends influencing the growth of the neurology diagnostic and monitoring devices market?
Leading organizations in the neurology diagnostic and monitoring devices industry are concentrating on progressing and innovating solutions like image-guided therapy systems, aiming to elevate the precision in neurovascular procedures. Image-guided therapy system is a medical technology designed to support planning, navigation, and carrying out of various therapeutic procedures, often in a real-time basis. For instance, Koninklijke Philips N.V., a health technology organization based in the Netherlands, introduced the novel Azurion neuro biplane system in February 2024. This system aims to expedite and refine the minimally invasive diagnostic approach and treatment of neurovascular patients. The system brings unique features including enhanced C-arm rotation and angulation for superior imaging adaptability, quick switch between 2D and 3D imaging for workflow improvement, extensive table-side control for sterile field maintenance, automatic beam rotation for precise image orientation, a novel head immobilizer supporting stroke patient care, and AI and machine learning integration to monitor efficiency and predict servicing requirements.

What are the major segments of the neurology diagnostic and monitoring devices market and their role in driving growth?
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 neurology diagnostic and monitoring devices 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.

Who are the key firms paving the way for growth in the neurology 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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What Is Covered In The Neurology Diagnostic And Monitoring Devices Global Market Report?

•Market Size Forecast: Examine the neurology diagnostic and monitoring devices market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the neurology diagnostic and monitoring devices market for a structured understanding.
•Key Players Overview: Analyze major players in the neurology diagnostic and monitoring devices market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the neurology diagnostic and monitoring devices market.
•Segment Contributions: Evaluate how different segments drive overall growth in the neurology diagnostic and monitoring devices market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the neurology diagnostic and monitoring devices market.
•Industry Challenges: Identify potential risks and obstacles affecting the neurology diagnostic and monitoring devices market.
•Competitive Landscape: Review strategic developments in the neurology diagnostic and monitoring devices market, including expansions, agreements, and new product launches.

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