Strong Growth Ahead: Neurology Monitoring Market Size To Grow At Arecord 5.8% Cagr By 2029

The Neurology Monitoring Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

How Big Is the Neurology Monitoring Market Size Expected to Be by 2034?
The market for neurology monitoring has seen significant expansion in past years, and it is anticipated to grow from a size of $6.53 billion in 2024, to a value of $7.01 billion in 2025, boasting a compound annual growth rate (CAGR) of 7.2%. The historic period's growth can be explained by the rising prevalence of neurological disorders, an increase in the elderly population, heightened awareness and diagnosis rates, a growing demand for non-invasive monitoring, as well as the integration of remote patient monitoring.

In the upcoming years, it is projected that the neurology monitoring market size will experience substantial growth, escalating to $8.78 billion in 2029 with a compound annual growth rate (CAGR) of 5.8%. Various factors are expected to contribute to this growth during the forecast period, such as the emphasis on early detection and intervention, the proliferation of telemedicine and remote monitoring, the use of personalised medical strategies, and government initiatives aimed at improving neurological healthcare. Major trends expected to emerge during this period include increased use of wearable neurological monitoring devices, the incorporation of virtual reality (vr) and augmented reality (ar) in neurology monitoring, the application of wireless connectivity in neurological monitoring devices, the creation of home-based neurological monitoring solutions and a focus on multi-modal neurophysiological monitoring systems.

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What Are the Emerging Segments Within the Neurology Monitoring Market?
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 Long-Term Drivers Are Shaping Neurology Monitoring Market Trends?
The neurology monitoring market is being driven by an increase in traumatic brain injuries or TBIs. Such injuries are often caused by external forces and Significant damage can be assessed and managed using neurology monitoring. This approach helps healthcare providers to keep track of changes in patients' brain functions and intracranial pressure, thus aiding in making treatment decisions. According to March 2023 data from US's Colorado Department of Human Services (CDHS), an estimated 2.8 million Americans suffer a traumatic brain injury each year. These statistics, which include nearly 2.5 million emergency department visits, 225,000 hospitalizations and 65,000 annual deaths, highlight the dire need for neurology monitoring, thereby fuelling its market growth. Another key driver for neurology monitoring market is the escalating prevalence of neurodegenerative disorders. These disorders typically lead to the gradual loss of nervous system function. Neurology monitoring can track the progression of these diseases and aid in optimizing treatment strategies. As per the Australian Institute of Health and Welfare, in 2022, approximately 401,300 Australians were diagnosed with dementia, which translates to 15 cases per 1,000 people. The incidence is projected to rise to 84 per 1,000 among those aged 65 and older, and the estimate is that by 2028, 849,300 individuals will be affected by this disorder. Hence, the mounting prevalence of neurodegenerative disorders significantly contributes to the expansion of the neurology monitoring market.

Who Are the Top Competitors in Key Neurology Monitoring Market Segments?
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

What Neurology Monitoring Market Trends Are Gaining Traction Across Different Segments?
Top-tier firms in the neurology monitoring market are dedicating their efforts toward the invention of advanced electroencephalogram (EEG) monitoring gadgets, such as cloud-associated portable EEG devices, to deliver dependable solutions to their clientele. The cloud-linked portable EEG machine allows real-time monitoring of brain functioning by wirelessly sharing the data to the cloud for centralized analysis and storage. An example is the BioSerenity, a healthcare firm based in France, that acquired FDA approval for Neuronaute Plus, an all-inclusive and simplified EEG device it created in November 2023. This portable healthcare device gathers EEG data that gets uploaded to the cloud, allowing specialists in Europe, the U.S., and Canada to review the recordings effortlessly. The device is crafted for ease of use, demanding very little training, and is matched with the Icecap, a cutting-edge EEG electrode net that eases the recording activity.

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Which Regions Are Becoming Hubs for Neurology Monitoring Market Innovation?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Neurology Monitoring Market?
2. What is the CAGR expected in the Neurology Monitoring Market?
3. What Are the Key Innovations Transforming the Neurology Monitoring Industry?
4. Which Region Is Leading the Neurology Monitoring Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

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