neurology monitoring market size, neurology monitoring market scope, neurology monitoring market analysis, neurology monitoring market, neurology monitoring market growth, neurology monitoring market trends
At what pace is the neurology monitoring market growing, and what is its estimated value?
The neurology monitoring market size has grown strongly in recent years. It will grow from $6.53 billion in 2024 to $7.01 billion in 2025 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to increasing prevalence of neurological disorders, rise in aging population, growing awareness and diagnosis rates, demand for non-invasive monitoring, integration of remote patient monitoring.
The neurology monitoring market size is expected to see strong growth in the next few years. It will grow to $8.78 billion in 2029 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to focus on early detection and intervention, expansion of telemedicine and remote monitoring, personalized medicine approaches, government initiatives for neurological healthcare. Major trends in the forecast period include adoption of wearable neurological monitoring devices, integration of virtual reality (vr) and augmented reality (ar) in neurology monitoring, implementation of wireless connectivity in neurological monitoring devices, development of home-based neurological monitoring solutions, focusing on multi-modal neurophysiological monitoring systems.
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How have varous drivers impacted the growth of the neurology monitoring market?
The growing incidence of traumatic brain injuries is expected to propel the growth of the neurology monitoring market going forward. Traumatic brain injury (TBI) refers to damage to the brain brought on by an external force or trauma. Neurology monitoring is employed for the management of traumatic brain injuries (TBIs) to evaluate the patient’s brain function, monitor intracranial pressure, and identify any changes in neurological status, which assists medical professionals in making decisions about treatment plans and interventions, ensuring that patients receive timely and individualized care. For instance, in March 2023, according to the Colorado Department of Human Market Research (CDHS), a US-based government agency, every year, it is estimated that 2.8 million Americans experience a traumatic brain injury leading to nearly 2.5 million emergency department visits, 225,000 hospitalizations and 65,000 deaths annually. Therefore, the growing incidence of traumatic brain injuries drives the neurology monitoring market.
What are the primary segments of 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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Which firms are leading 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
How will industry trends affect the trajectory of the neurology monitoring market?
Major companies operating in the neurology monitoring market are focusing on developing innovative electroencephalogram (EEG) monitoring devices, such as cloud-linked portable EEG devices, to provide reliable Market Research to their customers. A cloud-linked portable EEG device enables real-time brain activity monitoring by wirelessly transmitting data to the cloud for remote analysis and storage. For instance, in November 2023, BioSerenity, a France-based healthcare company, received FDA clearance for Neuronaute Plus, a comprehensive and simplified EEG device developed by BioSerenity. This portable medical device collects EEG data that can be uploaded to the cloud, enabling specialists in Europe, Canada, and the U.S. to analyze the recordings easily. It is designed for user-friendliness, requiring minimal training, and is paired with the Icecap, an innovative EEG electrode net that simplifies the recording process.
Which geographic trends are shaping the neurology monitoring market, and which region has the highest market share?
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.
What Does The Neurology Monitoring Market Report 2025 Offer?
The neurology monitoring market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Neurology monitoring, or neuromonitoring, is a technique used during high-risk medical procedures such as brain, nerve, and spine surgery to detect, treat, and prevent potential damage to the nervous system. Neurology monitoring is performed to observe, measure, and record neurological parameters to evaluate the operation of the nervous system and the brain.
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