Digital Health in Neurology Market Insights on AI Virtual Care and Smartphone Penetration Driving Future Expansion

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Digital Health in the Neurology Market - (By Component (Hardware, Software, Services), By End-use (Patients, Providers, Payers, Others)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Digital Health in the Neurology Market is valued at US$ 36.28 Bn in 2023, and it is expected to reach US$ 167.58 Bn by 2031, with a CAGR of 21.3% during the forecast period of 2024-2031.

Get Free Access to Demo Report, Excel Pivot and ToC: https://www.insightaceanalytic.com/request-sample/2358

The integration of digital health technologies in neurology involves utilizing eHealth and other digital tools to enhance the diagnosis, prognosis, and treatment of neurological disorders. The adoption of digital health solutions in neurology is experiencing significant growth, driven by several factors, including improved internet connectivity, the widespread use of smartphones, rising healthcare costs, an increased demand for remote patient monitoring services, and enhanced access to virtual care options. Additionally, the expansion of this market is largely supported by government initiatives aimed at digitizing healthcare systems globally. However, challenges such as the high costs associated with developing and implementing digital health technologies, along with potential resistance from insurance providers regarding coverage, may pose barriers to broader access for both healthcare providers and patients. Despite these challenges, the digital health sector in neurology presents a growing market that can be further stimulated by government programs promoting digital health and regulatory frameworks that support the advancement of this industry.

List of Important Players In The Digital Health In Neurology Market:
• Neofect
• Teladoc
• Proteus Digital Health
• Akili Labs
• AppliedVR
• Aural Analytics
• BehaVR
• BetterHelp
• Big Health
• Omada Health
• Blackrock Neurotech
• AdvancedMD
• Linus Health
• Medibio
• The Echo Group
• Spring Care Inc.
• Qualifacts Systems, Inc.
• Other Prominent Players

Market Dynamics:
Drivers-
The growth of the digital health in neurology market is being driven by the escalating demand for enhanced healthcare solutions in response to the increasing global prevalence of neurological conditions such as Parkinson's disease, seizures, and multiple sclerosis. This expansion is further supported by government initiatives and favorable regulatory frameworks that promote the development and implementation of digital health technologies. Additionally, the growing adoption and widespread awareness of digital health solutions among healthcare providers and patients are contributing to the market's continued growth. Consequently, the global market for digital health in neurology is experiencing sustained expansion.

Expert Knowledge, Just a Click Away: https://calendly.com/insightaceanalytic/30min?month=2025-04

Challenges:
The growth of the digital health market in neurology is expected to face several challenges, including stringent regulations, high costs, and limited technological access in developing regions. Many regions have established rigorous regulatory frameworks that govern the digital health sector, which, while essential for ensuring patient safety, can impede the development and implementation of innovative digital health solutions in neurology. Additionally, the lack of readily available technology in developing economies makes the use of digital health solutions for neurological disease treatment prohibitively expensive. The high cost of treating neurological conditions, coupled with the advanced nature of the technologies involved, further exacerbates this issue. These factors are anticipated to restrict the market's growth over the next few years.

Regional Trends:
The North American market for digital health in neurology is expected to capture a significant share of the global revenue, with strong projections for growth at a high compound annual growth rate (CAGR) in the coming years. This growth is driven by several factors, including increased healthcare IT spending, improved internet connectivity, technological advancements, the emergence of new businesses, government initiatives, greater smartphone penetration, expanded resources, and the availability of robust digital infrastructure. These elements are expected to contribute to the region's continued dominance in the digital health in neurology market. Additionally, the Asia Pacific region holds a substantial share of the digital health in neurology market, driven by economic expansion that boosts consumer spending on healthcare. Key factors fueling this market growth include improved network coverage, increased smartphone usage, an aging population, and the rising prevalence of neurological disorders. The region's market growth is further supported by the increasing frequency of neurological illnesses and the growing number of technological innovations and business activities among market participants.

Recent Developments:
• In Aug 2023, Government funding was awarded to Neofect for the development of an AI-powered digital rehabilitation device. Neofect and the Korea Medical Device Development Foundation (KMDF) had entered into a research and development (R&D) agreement for the creation of digital smart boards for patient rehabilitation utilizing artificial intelligence (AI) technologies.
• In February 2024, AppliedVR and Kernel announced a cooperative study to measure the brain impact of virtual reality pain management. AppliedVR is a medical device pioneer creating a revolutionary approach to medicine based on virtual reality. A single-masked sham-controlled strategy was employed in the study to examine physiological measurements and brain activity patterns in individuals with persistent low back pain before, during, and after virtual reality encounters.

Unlock Your GTM Strategy: https://www.insightaceanalytic.com/customisation/2358

Segmentation of Digital Health in Neurology Market-
By Component-
• Software
• Hardware
• Services
By End-Use-
• Patients
• Providers
• Payers
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

Read Overview Report- https://www.insightaceanalytic.com/report/digital-health-in-the-neurology-market/2358

About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
info@insightaceanalytic.com

This release was published on openPR.