Neurological Disorders Propel Growth Of The Digital Health In Neurology Market: Transformative Forces Shaping the Digital Health In Neurology Market Landscape in 2025

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Digital Health In Neurology Market Size Growth Forecast: What to Expect by 2025?
The market size for digital health in neurology has experienced significant expansion in the recent past. This market is projected to increase from $44.26 billion in 2024 to $54.78 billion in 2025, resulting in a compound annual growth rate (CAGR) of 23.8%. The growth during the historical period was driven by factors such as improved healthcare accessibility for individuals with Parkinson's disease via digital health applications, the utilization of big data for computational health in the field of neurology, the incorporation of digital tools in neurogenetics research, and the implementation of digital health strategies for movement disorders, predominantly in the domain of telemedicine.

How Will the Digital Health In Neurology Market Size Evolve and Grow by 2029?
Expectations are high for the digital health in neurology market, with predictions of significant expansion in the coming years. By 2029, the sector is projected to attain a value of $123.24 billion, increasing at a compound annual growth rate (CAGR) of 22.5%. This anticipated growth within the forecast period is largely a result of advancements in AI and machine learning, the broadening of telemedicine, the advent of wearable tech and remote monitoring, the integration of big data and genomics, the implementation of patient-focused digital health platforms, and regulations and reimbursements frameworks. Key trends slated to define the forecast period include rising interest in patient-focused approaches, increased utilization of remote monitoring and virtual healthcare, the introduction of AI-enabled diagnostics, and personalized treatments, as well as a greater emphasis on preventative care.

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What Drivers Are Propelling the Growth of Digital Health In Neurology Market Forward?
The increase in neurological disorders is anticipated to fuel the expansion of digital health within the neurology market. Neurological disorders, which are ailments that impact the nervous system such as the brain, spinal cord, and nerve networks, have seen a rise due to various reasons including an aging populace, shifting lifestyle patterns, environmental elements, genetics, advancements in diagnostic procedures and consciousness, as well as higher survival rates for severe brain trauma. Utilization of digital health technologies in neurology facilitates distant monitoring, individualized therapy, and early identification of neurological illnesses, improving patient care and results. For example, data from the World Federation of Neurology, a UK-based consortium of nationwide neurological societies, indicated that over 40% of the planet's population was grappling with some neurological disorder in October 2023, a figure projected to almost double by 2050. Furthermore, the worldwide annual death toll from strokes stands at an approximate 9.7 million casualties, a figure predicted to rise by 50% by 2050. As such, the escalating prevalence of neurological disorders is indeed propelling the progression of digital health in the neurology market.

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Which Emerging Trends Are Transforming the Digital Health In Neurology Market in 2025?
Leading entities within the digital health domain focused on neurology are emphasizing the creation of cutting-edge technology like neural interfaces, in an effort to secure a competitive advantage. A neural interface aids the direct interaction between the brain and external apparatuses, thereby facilitating control of these devices or receiving feedback. To illustrate, Blackrock Neurotech, a biotechnology firm based in the United States, unveiled Neuralace, a state-of-the-art neural interface, in November 2022. This technologically advanced development, boasting more than 10,000 channels and a flexible electrode design, signifies a breakthrough in brain-computer interface (BCI) technology. Anticipated to revolutionize neurological disorder treatment, Neuralace offers comprehensive brain data collection and enhances abilities related to vision and memory restoration, performance prediction, and treatment of mental health disorders.

What Are the Key Segments in the Digital Health In Neurology Market?
The digital health in neurologymarket 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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Who Are the Key Players Shaping the Digital Health In Neurology Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the Digital Health In Neurology Market?
North America was the largest region in the digital health in neurology market in 2024. 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.

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