Neurology Monitoring Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Neurology Monitoring Market is Segmented by Product Type (Magnetic Resonance Imaging (MRI) Devices, Electroencephalography devices, Cerebral Oximeters, Intracranial Pressure Monitors and Other Product Types), Disease Type, and Geography

Market Snapshot

neurology monitoring market
Study Period: 2018 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 5.16 %
neurology monitoring market size

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Market Overview

The neurology monitoring market will show a rapid growth due to the increasing burden of neurological disorders, growing incidence of traumatic brain injuries, and the increasing number of product approvals.

Neurological disorders are increasingly recognised as one of the most prevalent disorders with high burden to the patients, their families, and society. Neurological disorders contribute significantly to morbidity and mortality, worldwide. Globally, in 2016, neurological disorders were the leading cause of DALYs and second leading cause of deaths. There are increasing number of patients with neurological disorders and therefore, increasing of the neurology monitoring devices are found to be used.

Specialized monitoring has been therefore essential in neurological patients in the operating rooms and intensive care units to prevent ischemic and mechanical injury to the nervous system. Hence, all these systems monitor the intracranial pressure and blood flow dynamics and monitors the brain electrical activity, thereby propelling the market growth.

Scope of the report

As per the scope of the report, neurology monitoring devices are used to monitor and diagnose the neurological conditions by exploring the structure and function of the brain. This process involves the use of several brain monitoring devices to track and monitor the brain functions. In addition, these devices help monitor neural and electrical activity in the brain.

By Product Type
Magnetic Resonance Imaging (MRI) Devices
Electroencephalography devices
Cerebral Oximeters
Intracranial Pressure Monitors
Other Product Types
By Disease Type
Traumatic Brain Injury (TBI)
Stroke
Sleep Disorders
Parkinson's Disease
Epilepsy
Other Diseases
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Electroencephalography (EEG) Devices is Expected to be Largest Growing Segment in the Neurology Monitoring Market

Electroencephalography (EEG) is an electrophysiological monitoring method that is used to record electrical activity of the brain. It is typically noninvasive, with the electrodes placed along the scalp, although invasive electrodes are sometimes used, as in electrocorticography.

It is used to measure and record the brain wave activity for the diagnosis and treatment of sleep apnea. Due to this increased use and demand of high-quality EEG devices, there are now numerous companies that are able to cater to the specific needs of EEG users. Therefore with the increase in the number of neurological diseases, there is a rising demand of high-quality EEG devices, that helps in the market growth.

neurology monitoring market share

North America is the Largest Growing Segment in the Neurology Monitoring

In the United States, there is a rising prevalence of various neurological diseases and it disproportionately is affecting the older adults. The costs are also expected to increase exponentially in the coming years, as the elderly population will double by 2050. Thus, the rising prevalence of neurological diseases and presence neurology monitoring devices helps in the growth of the market.

There are also increasing number of product approvals and launches taking place that helps in the growth of the overall market. Nihon Kohden is among the key player in the market and recently in 2019, it launched subscription-based pricing models for its patient monitoring and neurology products. Hence, the overall market for neurology monitoring in the United States is expected to experience growth due to increasing incidence of chronic neurological illnesses and increasing number of the product approvals taking place.

neurology monitoring market trends

Competitive Landscape

Some of the key players in the market are Natus Medical Inc., Philips, Nihon Kohden Corporation, GE Healthcare, Drägerwerk, and Siemens Healthineers. The market studied is fragmented owing to the presence of a many players in the market. The market players are focusing on R&D to develop the technologically-advanced products in order to reduce the cost and side effects associated with the products.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Burden of Neurological Disorders

      2. 4.2.2 Growing Incidence of Traumatic Brain Injuries

      3. 4.2.3 Increasing Number of Product Approvals

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Monitoring Devices

      2. 4.3.2 Shortage of Trained Professionals

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Magnetic Resonance Imaging (MRI) Devices

      2. 5.1.2 Electroencephalography devices

      3. 5.1.3 Cerebral Oximeters

      4. 5.1.4 Intracranial Pressure Monitors

      5. 5.1.5 Other Product Types

    2. 5.2 By Disease Type

      1. 5.2.1 Traumatic Brain Injury (TBI)

      2. 5.2.2 Stroke

      3. 5.2.3 Sleep Disorders

      4. 5.2.4 Parkinson's Disease

      5. 5.2.5 Epilepsy

      6. 5.2.6 Other Diseases

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Natus Medical Inc.

      2. 6.1.2 Nihon Kohden Corporation

      3. 6.1.3 Philips Healthcare

      4. 6.1.4 GE Healthcare

      5. 6.1.5 Siemens Healthineers

      6. 6.1.6 Compumedics Limited

      7. 6.1.7 Medtronic Plc

      8. 6.1.8 Advanced Brain Monitoring Inc.

      9. 6.1.9 Dragerwerk Ag & Co. Kgaa

      10. 6.1.10 Masimo Corporation

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Neurology Monitoring Market market is studied from 2018 - 2026.

The Neurology Monitoring Market is growing at a CAGR of 5.16% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

Natus Medical, Inc. , Nihon Kohden Corporation , GE Healthcare , Drägerwerk Ag & Co. Kgaa , Koninklijke Philips N.V. are the major companies operating in Neurology Monitoring Market.

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