MEA Neurology Monitoring Market Size

MEA Neurology Monitoring Market Analysis

The MEA Neurology Monitoring Market size is estimated at USD 239.69 million in 2024, and is expected to reach USD 298.13 million by 2029, growing at a CAGR of 4.46% during the forecast period (2024-2029).

• The COVID-19 pandemic significantly impacted neurology care in the Middle East and African regions during the initial phase, which in turn impacted the usage of neurology devices as well. For instance, according to an article published by Hindawi in August 2021, a study was conducted in Abu Dhabi, UAE, which showed that the patients infected with COVID-19 often presented with neurological manifestations in the form of headache, dizziness, hyposmia, myalgia, peripheral neuropathy, acute cerebrovascular disease, and encephalopathy.
• The source also stated that neurological involvement could be due to virus-induced brain hypoxia, brain infection, or immune reaction. Thus, the COVID-19 pandemic significantly impacted the market initially; however, as the pandemic has currently subsided, neurology care is going back to normal in the region. Hence, the studied market is expected to have stable growth during the forecast period of the study.
• The key factors propelling the growth of the studied market are the increasing burden of neurological disorders, the growing incidence of traumatic brain injuries, and the rising geriatric population in the country.
• The increasing incidence of neurological disorders like brain aneurysms, brain tumors, epilepsy, memory disorders, multiple sclerosis, Parkinson's disease, peripheral neuropathy, post-herpetic neuralgia, spinal cord tumors, and stroke is the major factor driving the market growth.
• For instance, according to an article published by MDPI in June 2022, a study was conducted in UAE that stated that a brain aneurysm is a critical condition that mostly affects young adults and may cause life-threatening complications such as brain hemorrhage. Furthermore, patients with untreated unruptured aneurysms have 50% excess long-term mortality compared with the general population. Thus, the high burden of diseases such as brain aneurysms is expected to boost the market growth.
• Furthermore, according to an article published by PubMed in September 2022, it is estimated that the incidence of traumatic brain injury (TBI) in Saudi Arabia is 116 per 1,00,000 population, and it is also expected to rise in the region. The source also stated that a study was conducted which showed that road traffic accident was the most common mechanism of injury (49.7%) for traumatic brain injuries, followed by fall (39.5%). Thus, the high prevalence of traumatic brain injuries is expected to enhance the usage of neurological monitoring devices. Moreover, as these neurological diseases mostly occur in the elderly population, the rising geriatric population in the country is also expected to enhance market growth.
• Thus, the aforementioned factors, such as the rising prevalence of neurological disorders and the increasing incidence of traumatic brain injuries, are expected to boost the market growth during the forecast period of the study. However, the high cost of devices and the shortage of trained professionals are expected to impede market growth.