2025-2034 Neurology Monitoring Market Roadmap: Insights for Competitive Advantage

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How Large Will the Neurology Monitoring Market Size By 2025?
The size of the neurology monitoring market has experienced significant growth in the past few years. It is projected to expand from $6.53 billion in 2024 to $7.01 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.2%. The expansion in the past can be associated with factors such as the rising occurrence of neurological conditions, an increase in the number of the elderly, elevated consciousness and diagnosis rates, the preference for non-invasive monitoring, and the incorporation of remote patient monitoring.

How Big Is the Neurology Monitoring Market Size Expected to Grow by 2029?
In the following years, robust growth is projected for the neurology monitoring market, escalating to a valuation of $8.78 billion by 2029, at a compound annual growth rate (CAGR) of 5.8%. This anticipated increase during the forecast period is due to priority placed on preemptive detection and intervention, the broadening of telemedicine and remote monitoring services, tailored medicine strategies, and governmental drives towards neurological healthcare. Key trends set to shape the forecast period involve the embracing of wearable neurology monitoring devices, the infusion of virtual reality (vr) and augmented reality (ar) into neurology monitoring, the incorporation of wireless connectivity into neurology monitoring devices, the advancement of home-based neurology monitoring solutions, and an emphasis on multi-modal neurophysiological monitoring systems.

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Which Key Market Drivers Powering Neurology Monitoring Market Expansion and Growth?
The neurology monitoring market is projected to experience growth, spurred on by the increasing occurrence of traumatic brain injuries (TBIs). TBIs, caused by physical trauma to the brain, are commonly managed using neurology monitoring. This method assesses brain function, monitors intracranial pressure, and tracks neurological changes, aiding healthcare professionals in devising appropriate treatment protocols and interventions. The aim is to provide patients with personalized and prompt care. In March 2023, the Colorado Department of Human Services (CDHS), a government agency in the US, reported that approximately 2.8 million Americans sustain a TBI each year. This results in almost 2.5 million emergency department consultations, 225,000 hospital admissions, and 65,000 fatalities annually. Consequently, the escalating frequency of TBIs is a key factor propelling the neurology monitoring market. The Neurology Monitoring Market could experience a surge due to the growing incidence of neurodegenerative disorders. Conditions characterized by the progressive deterioration of the nervous system qualify as neurodegenerative disorders. Neurology monitoring is useful in tracking the progression of these conditions and enhancing treatment approaches. In September 2023, the Australian Institute of Health and Welfare, a government agency from Australia, reported that in 2022, nearly 401,300 Australians were diagnosed with dementia, equivalent to 15 cases per 1,000 individuals. Furthermore, the rate increases to 84 per 1,000 individuals aged 65 and above and is projected to rise to 849,300 people by 2028. Hence, as neurodegenerative disorders become more prevalent, they are contributing to the expansion of the neurology monitoring market.

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Which Fast-Growing Trends Are Poised to Disrupt the Neurology Monitoring Market?
In the neurology monitoring market, leading companies are concentrating on the production of creative electroencephalogram (EEG) monitoring devices including those with cloud-linking abilities. These unique cloud-connected portable EEG tools allow experts to monitor brain activity in real-time by wirelessly sending data for remote analysis and storage in the cloud. Take BioSerenity, a French healthcare firm, for instance. In November 2023, they received approval from the FDA for their Neuronaute Plus, an advanced yet simplified EEG device. This user-friendly portable tool gathers EEG data that can be transferred to the cloud, making it easier for specialists in Europe, Canada, and the U.S. to analyze the recordings. The device, which requires minimal training, is also paired with the Icecap, an innovative EEG electrode net that makes recording process straightforward.

What Are the Emerging Segments in 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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Who Are the Global Leaders in the Neurology Monitoring Market?
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

Which are the Top Profitable Regional Markets for the Neurology Monitoring Industry?
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.

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