Neurology Device Market to Surpass USD 22.33 Billion by 2035, Expanding at 6.7% CAGR

The global neurology device market was valued at USD 10,944.3 million in 2024 and has been forecasted to expand at a noteworthy CAGR of 6.7% to end up at USD 22,335.5 million by 2035.The increasing prevalence of neurological disorders, such as Alzheimer's disease, Parkinson's disease, epilepsy, and stroke, has significantly driven the demand for advanced neurology devices. Moreover, cutting-edge technological advancements in neurodiagnostic and neurointerventional devices are preferred over traditional methods due to their precision, minimally invasive nature, and ability to support personalized treatment plans.

The significance of neurology devices in the healthcare industry is gaining substantial momentum, fueled by a growing emphasis on early diagnosis and preventive care over reactive treatments. This surge in demand is further supported by rising healthcare expenditure in key markets such as the United States, China, Japan, and Germany. Well-established healthcare infrastructures in these regions facilitate the widespread adoption of neurology devices, contributing to positive market growth.

Neurology devices find applications across various healthcare settings, including hospitals, neurology clinics, diagnostic laboratories, and research institutions. These entities utilize neurology devices for accurate diagnosis, treatment planning, and management of neurological conditions. The integration of these devices has positioned them at the forefront of neurological care in recent years.

For More Insights into the Market, Request a Sample of this Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=7702

"Innovation is the cornerstone of progress in the neurology devices market. Companies must invest heavily in research and development to drive advancements in neuroimaging, neuromodulation, and artificial intelligence-driven diagnostics. These innovations are critical for improving patient outcomes and maintaining a competitive edge," opines a Fact.MR analyst.

Neurology Devices Market Insights: Key Trends and Growth:

The Fact.MR report highlights strong growth in the neurology devices market, projected to nearly double by 2035. The rising global incidence of neurological disorders, coupled with advancements in technologies such as magnetic resonance imaging (MRI), electroencephalography (EEG), and deep brain stimulation (DBS) devices, are key growth drivers. Neurodiagnostic devices and neuromodulation devices hold significant market shares, while hospitals and neurology clinics lead in end-user adoption. North America, particularly the U.S., dominates the market due to its advanced healthcare infrastructure and supportive reimbursement policies. Despite challenges such as high device costs and limited awareness in developing regions, ongoing innovation and increasing demand for early diagnosis are fueling market expansion.

Key Takeaways from the Market Study:

* The global neurology devices market is projected to expand at a CAGR of 6.8% from 2025 to 2035.
* The North American neurology devices market is expected to grow at a CAGR of 7.2% over the forecast period.
* The United States holds a dominant share of 82.5% in the North American neurology devices market in 2025.
* China leads the East Asian neurology devices market, valued at US$ 750 million in 2025.
* The U.S. neurology devices market is expected to grow at a CAGR of 7.9% from 2025 to 2035.
* Based on product type, neurodiagnostic devices hold a 30.2% market share in 2025.
* Hospitals dominate the end-user segment with a 48.6% share in 2025.

Neurology Devices Market Competitive Landscape:

Medtronic, Abbott Laboratories, Boston Scientific Corporation, and Stryker Corporation are prominent players in the global neurology devices market. These industry leaders allocate significant resources to research and development to drive innovation in neurodiagnostic, neuromodulation, and neurointerventional technologies. Smaller companies often collaborate with industry giants like Siemens Healthineers to integrate cutting-edge advancements into their devices. The global reach, extensive distribution networks, and technological expertise of these companies create a significant market influence.

Neurology Devices Market Key Companies Profiled:

Medtronic; Abbott Laboratories; Boston Scientific Corporation; Stryker Corporation; Siemens Healthineers; Johnson & Johnson; GE Healthcare; Philips Healthcare; Nihon Kohden Corporation; LivaNova PLC; Natus Medical Incorporated; Elekta AB; Penumbra, Inc.; Integra LifeSciences; B. Braun Melsungen AG; NeuroPace, Inc.; Nevro Corp.; Ceribell, Inc.; Blackrock Neurotech; Synchron, Inc.

Browse Full Report: https://www.factmr.com/report/neurology-devices-market

Neurology Devices Industry News:

In March 2024, Medtronic received FDA approval for its latest deep brain stimulation (DBS) system, designed to enhance precision in treating Parkinson's disease and essential tremors.

In July 2024, Siemens Healthineers launched an AI-powered MRI system that improves imaging speed and accuracy for neurological diagnostics, gaining traction in North American hospitals.

In April 2024, NeuroPace announced a breakthrough in its responsive neurostimulation (RNS) system, demonstrating a 90% seizure reduction rate in clinical trials for epilepsy patients.

Explore More Related Studies Published by Fact.MR Research:

* Dozer Market: https://www.factmr.com/report/385/dozer-market
* Colloidal Silica Industry Analysis in South Asia & Oceania: https://www.factmr.com/report/colloidal-silica-industry-analysis-in-south-asia-and-oceania
* Demand and Trend Analysis of Air Purifiers in East Asia: https://www.factmr.com/report/demand-and-trend-analysis-of-air-purifier-in-east-asia
* Coated Glass Market: https://www.factmr.com/report/4586/coated-glass-market
* Earwax Removal Aid Market: https://www.factmr.com/report/4100/earwax-removal-aid-market

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

About Fact.MR

We are a trusted research partner of 80% of Fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

This release was published on openPR.