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Digital Health In Neurology Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis
Digital Health In Neurology
What Is the Current Digital Health In Neurology Market Size and Its Estimated Growth Rate?
The digital health in neurology market will grow from $44.26 billion in 2024 to $55.07 billion in 2025 at a CAGR of 24.4%. The historical growth is linked to improved access to care for Parkinson's disease patients, the integration of big data in neurology, digital health tools for movement disorders, and the growth of telemedicine.
The digital health in neurology market will reach $130.22 billion by 2029, growing at a CAGR of 24.0%. The growth is attributed to AI, telemedicine, wearable technology, big data, and patient-centered platforms. Trends include remote monitoring, AI diagnostics, treatment personalization, and preventative measures.
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How Are Emerging Segments Shaping the Digital Health In Neurology Market Landscape?
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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Which Growth Factors Are Influencing Digital Health In Neurology Market Expansion?
The increasing prevalence of neurological disorders is expected to boost the growth of the digital health in neurology market. Neurological disorders affect the nervous system, and the rising incidence is linked to aging populations, lifestyle changes, and environmental factors. Digital health technologies are improving the diagnosis and management of neurological disorders by enabling remote monitoring and personalized treatment. For example, in October 2023, the World Federation of Neurology reported that over 40% of the global population suffers from neurological conditions, a number expected to rise sharply by 2050. The growing incidence of neurological disorders is driving the growth of the digital health in neurology market.
Who Are the Dominant Players Across Different Digital Health In Neurology Market Segments?
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
What Are the Major Trends Shaping the Digital Health In Neurology Market?
In the digital health in neurology market, companies are focusing on cutting-edge technologies like neural interfaces to improve patient care. For instance, in November 2022, Blackrock Neurotech from the US launched Neuralace, a next-generation neural interface with over 10,000 channels and a flexible electrode design. This technology aims to enhance brain-computer interfaces, aiding in the treatment of neurological disorders and improving capabilities in areas like vision, memory restoration, and mental health treatment.
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Which Geographic Regions Are Expected to Dominate the Digital Health In Neurology Market in the Coming Years?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Digital Health In Neurology Market?
2. What is the CAGR expected in the Digital Health In Neurology Market?
3. What Are the Key Innovations Transforming the Digital Health In Neurology Industry?
4. Which Region Is Leading the Digital Health In Neurology Market?
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