PUBLISHER: Acute Market Reports | PRODUCT CODE: 1501203
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1501203
Neurology Patient Monitoring Market - Growth, Future Prospects and Competitive Analysis, 2024 - 2032
The neurology patient monitoring market is expected to grow at a CAGR of 7.8% during the forecast period of 2024 to 2032, driven by advancements in medical technology and the increasing prevalence of neurological disorders. The advancements in trauma monitoring, increasing focus on EEG applications, and the growing demand for stroke monitoring underscore the importance of continuous innovation in neurology patient care. Challenges in the adoption of CSF management monitoring highlight the need for targeted efforts to address specific applications. As the industry advances, strategic initiatives from top players will continue to shape market dynamics, creating opportunities for growth and innovation in neurology patient monitoring technologies.
Drivers Shaping the Neurology Patient Monitoring Market
Advancements in Trauma Monitoring
Advancements in trauma monitoring emerge as a key driver in the neurology patient monitoring market, showcasing substantial growth in 2023 and expected to maintain a high CAGR from 2024 to 2032. Evidences suggest a surge in demand for innovative monitoring solutions to assess and manage traumatic brain injuries. Technologies such as continuous intracranial pressure monitoring and advanced imaging techniques contribute to improved patient outcomes. The integration of real-time data analytics and artificial intelligence further enhances trauma monitoring capabilities, catering to the evolving needs of healthcare professionals in critical care settings.
Increasing Focus on EEG Applications
The increasing focus on Electroencephalography (EEG) applications stands out as a driving force, exhibiting significant growth in 2023 and anticipated to maintain this trend. Evidences highlight the expanding applications of EEG in neurology patient monitoring, ranging from epilepsy diagnosis to monitoring brain activity in intensive care units. The portability and advancements in EEG technology contribute to its widespread adoption, allowing healthcare providers to conduct continuous monitoring in various settings. The rising incidence of neurological disorders, coupled with the non-invasive nature of EEG, positions it as a pivotal driver in the neurology patient monitoring market.
Growing Demand for Stroke Monitoring
The growing demand for stroke monitoring emerges as a crucial driver, showcasing substantial growth in 2023 and expected to maintain a high CAGR from 2024 to 2032. Evidences suggest an increasing prevalence of strokes globally, necessitating advanced monitoring solutions for timely intervention and treatment. Telemedicine applications and remote monitoring capabilities enhance the accessibility of stroke monitoring, allowing healthcare professionals to provide timely interventions even in non-hospital settings. The integration of artificial intelligence in stroke monitoring further contributes to early detection and improved patient outcomes, positioning it as a key driver in the neurology patient monitoring market.
Restraint Impacting the Neurology Patient Monitoring Market
Limited Adoption of CSF Management Monitoring
Despite overall growth, a notable restraint is observed in the limited adoption of Cerebrospinal Fluid (CSF) management monitoring. Evidences suggest that the market for CSF management monitoring faces challenges in achieving substantial revenue and CAGR compared to other applications. The invasive nature of CSF management procedures and the associated risks contribute to hesitancy among healthcare providers and patients. Limited awareness and specialized training requirements further hinder the widespread adoption of CSF management monitoring. Addressing these challenges demands targeted educational initiatives and advancements in less invasive monitoring techniques to enhance the acceptance of CSF management monitoring in neurology patient care.
Market by Application
In the segmentation by application, stroke monitoring leads both in revenue and CAGR in 2023, showcasing its dominance in the neurology patient monitoring market. The increasing prevalence of strokes and the growing demand for real-time monitoring contribute to the prominence of stroke monitoring applications. However, during the forecast period from 2024 to 2032, EEG applications are expected to exhibit the highest CAGR. The versatility of EEG in various neurological conditions and its non-invasive nature position it as a focal point in the neurology patient monitoring market.
North America Remains the Global Leader
The neurology patient monitoring market exhibits diverse geographic trends, with North America leading in both revenue and CAGR in 2023. The region's advanced healthcare infrastructure, increasing prevalence of neurological disorders, and early adoption of innovative technologies contribute to its market dominance. However, the Asia-Pacific region is anticipated to register the highest CAGR during the forecast period, fueled by the rising awareness of neurology patient monitoring, increasing healthcare expenditure, and the implementation of telehealth initiatives. These geographic trends highlight the global nature of the neurology patient monitoring market and the varied factors influencing its growth across different regions.
Market Competition to Intensify during the Forecast Period
In 2023, top players in the neurology patient monitoring market included Natus Medical Incorporated, Medtronic plc, Koninklijke Philips N.V., Integra LifeSciences, Raumedic AG, Sophysa, Spiegelberg GmbH, Gaeltec Devices, and Neural Analytics. Natus Medical Incorporated focused on expanding its portfolio of neurology patient monitoring solutions, emphasizing advancements in trauma monitoring and EEG applications. Medtronic plc invested in research and development initiatives to enhance stroke monitoring technologies, incorporating artificial intelligence for more accurate and timely interventions. Koninklijke Philips N.V. concentrated on developing integrated solutions for CSF management monitoring and expanding its presence in emerging markets. These players collectively contributed to the market's growth in 2023, with their strategies positioning them as frontrunners for the forecast period from 2024 to 2032.
Historical & Forecast Period
This study report represents an analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends & technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. The key data points that enable the estimation of Neurology Patient Monitoring market are as follows:
Research and development budgets of manufacturers and government spending
Revenues of key companies in the market segment
Number of end users & consumption volume, price, and value.
Geographical revenues generated by countries considered in the report
Micro and macro environment factors that are currently influencing the Neurology Patient Monitoring market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top-down and bottom-up approach for validation of market estimation assures logical, methodical, and mathematical consistency of the quantitative data.
Market Segmentation
Application
- Trauma
- CSF Management
- Migraine
- Stroke
- Hydrocephalus
- EEG
- Others
Region Segment (2022-2032; US$ Million)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Key questions answered in this report
What are the key micro and macro environmental factors that are impacting the growth of Neurology Patient Monitoring market?
What are the key investment pockets concerning product segments and geographies currently and during the forecast period?
Estimated forecast and market projections up to 2032.
Which segment accounts for the fastest CAGR during the forecast period?
Which market segment holds a larger market share and why?
Are low and middle-income economies investing in the Neurology Patient Monitoring market?
Which is the largest regional market for Neurology Patient Monitoring market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Which are the key trends driving Neurology Patient Monitoring market growth?
Who are the key competitors and what are their key strategies to enhance their market presence in the Neurology Patient Monitoring market worldwide?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Neurology Patient Monitoring Market
- 2.2. Global Neurology Patient Monitoring Market, By Application, 2023 (US$ Million)
- 2.3. Global Neurology Patient Monitoring Market, By Geography, 2023 (US$ Million)
- 2.4. Attractive Investment Proposition by Geography, 2023
3. Neurology Patient Monitoring Market: Competitive Analysis
- 3.1. Market Positioning of Key Neurology Patient Monitoring Market Vendors
- 3.2. Strategies Adopted by Neurology Patient Monitoring Market Vendors
- 3.3. Key Industry Strategies
- 3.4. Tier Analysis 2023 Versus 2032
4. Neurology Patient Monitoring Market: Macro Analysis & Market Dynamics
- 4.1. Introduction
- 4.2. Global Neurology Patient Monitoring Market Value, 2022 - 2032, (US$ Million)
- 4.3. Market Dynamics
- 4.3.1. Market Drivers
- 4.3.2. Market Restraints
- 4.3.3. Key Challenges
- 4.3.4. Key Opportunities
- 4.4. Impact Analysis of Drivers and Restraints
- 4.5. See-Saw Analysis
- 4.6. Porter's Five Force Model
- 4.6.1. Supplier Power
- 4.6.2. Buyer Power
- 4.6.3. Threat Of Substitutes
- 4.6.4. Threat Of New Entrants
- 4.6.5. Competitive Rivalry
- 4.7. PESTEL Analysis
- 4.7.1. Political Landscape
- 4.7.2. Economic Landscape
- 4.7.3. Technology Landscape
- 4.7.4. Legal Landscape
- 4.7.5. Social Landscape
5. Neurology Patient Monitoring Market: By Application, 2022-2032, USD (Million)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2023 Versus 2032
- 5.3. Market Segmentation
- 5.3.1. Trauma
- 5.3.2. CSF Management
- 5.3.3. Migraine
- 5.3.4. Stroke
- 5.3.5. Hydrocephalus
- 5.3.6. EEG
- 5.3.7. Others
6. North America Neurology Patient Monitoring Market, 2022-2032, USD (Million)
- 6.1. Market Overview
- 6.2. Neurology Patient Monitoring Market: By Application, 2022-2032, USD (Million)
- 6.3.Neurology Patient Monitoring Market: By Region, 2022-2032, USD (Million)
- 6.3.1.North America
- 6.3.1.1. U.S.
- 6.3.1.1.1. Neurology Patient Monitoring Market: By Application, 2022-2032, USD (Million)
- 6.3.1.2. Canada
- 6.3.1.2.1. Neurology Patient Monitoring Market: By Application, 2022-2032, USD (Million)
- 6.3.1.3. Rest of North America
- 6.3.1.3.1. Neurology Patient Monitoring Market: By Application, 2022-2032, USD (Million)
- 6.3.1.1. U.S.
- 6.3.1.North America
7. UK and European Union Neurology Patient Monitoring Market, 2022-2032, USD (Million)
- 7.1. Market Overview
- 7.2. Neurology Patient Monitoring Market: By Application, 2022-2032, USD (Million)
- 7.3.Neurology Patient Monitoring Market: By Region, 2022-2032, USD (Million)
- 7.3.1.UK and European Union
- 7.3.1.1. UK
- 7.3.1.1.1. Neurology Patient Monitoring Market: By Application, 2022-2032, USD (Million)
- 7.3.1.2. Germany
- 7.3.1.2.1. Neurology Patient Monitoring Market: By Application, 2022-2032, USD (Million)
- 7.3.1.3. Spain
- 7.3.1.3.1. Neurology Patient Monitoring Market: By Application, 2022-2032, USD (Million)
- 7.3.1.4. Italy
- 7.3.1.4.1. Neurology Patient Monitoring Market: By Application, 2022-2032, USD (Million)
- 7.3.1.5. France
- 7.3.1.5.1. Neurology Patient Monitoring Market: By Application, 2022-2032, USD (Million)
- 7.3.1.6. Rest of Europe
- 7.3.1.6.1. Neurology Patient Monitoring Market: By Application, 2022-2032, USD (Million)
- 7.3.1.1. UK
- 7.3.1.UK and European Union
8. Asia Pacific Neurology Patient Monitoring Market, 2022-2032, USD (Million)
- 8.1. Market Overview
- 8.2. Neurology Patient Monitoring Market: By Application, 2022-2032, USD (Million)
- 8.3.Neurology Patient Monitoring Market: By Region, 2022-2032, USD (Million)
- 8.3.1.Asia Pacific
- 8.3.1.1. China
- 8.3.1.1.1. Neurology Patient Monitoring Market: By Application, 2022-2032, USD (Million)
- 8.3.1.2. Japan
- 8.3.1.2.1. Neurology Patient Monitoring Market: By Application, 2022-2032, USD (Million)
- 8.3.1.3. India
- 8.3.1.3.1. Neurology Patient Monitoring Market: By Application, 2022-2032, USD (Million)
- 8.3.1.4. Australia
- 8.3.1.4.1. Neurology Patient Monitoring Market: By Application, 2022-2032, USD (Million)
- 8.3.1.5. South Korea
- 8.3.1.5.1. Neurology Patient Monitoring Market: By Application, 2022-2032, USD (Million)
- 8.3.1.6. Rest of Asia Pacific
- 8.3.1.6.1. Neurology Patient Monitoring Market: By Application, 2022-2032, USD (Million)
- 8.3.1.1. China
- 8.3.1.Asia Pacific
9. Latin America Neurology Patient Monitoring Market, 2022-2032, USD (Million)
- 9.1. Market Overview
- 9.2. Neurology Patient Monitoring Market: By Application, 2022-2032, USD (Million)
- 9.3.Neurology Patient Monitoring Market: By Region, 2022-2032, USD (Million)
- 9.3.1.Latin America
- 9.3.1.1. Brazil
- 9.3.1.1.1. Neurology Patient Monitoring Market: By Application, 2022-2032, USD (Million)
- 9.3.1.2. Mexico
- 9.3.1.2.1. Neurology Patient Monitoring Market: By Application, 2022-2032, USD (Million)
- 9.3.1.3. Rest of Latin America
- 9.3.1.3.1. Neurology Patient Monitoring Market: By Application, 2022-2032, USD (Million)
- 9.3.1.1. Brazil
- 9.3.1.Latin America
10. Middle East and Africa Neurology Patient Monitoring Market, 2022-2032, USD (Million)
- 10.1. Market Overview
- 10.2. Neurology Patient Monitoring Market: By Application, 2022-2032, USD (Million)
- 10.3.Neurology Patient Monitoring Market: By Region, 2022-2032, USD (Million)
- 10.3.1.Middle East and Africa
- 10.3.1.1. GCC
- 10.3.1.1.1. Neurology Patient Monitoring Market: By Application, 2022-2032, USD (Million)
- 10.3.1.2. Africa
- 10.3.1.2.1. Neurology Patient Monitoring Market: By Application, 2022-2032, USD (Million)
- 10.3.1.3. Rest of Middle East and Africa
- 10.3.1.3.1. Neurology Patient Monitoring Market: By Application, 2022-2032, USD (Million)
- 10.3.1.1. GCC
- 10.3.1.Middle East and Africa
11. Company Profile
- 11.1. Natus Medical Incorporated
- 11.1.1. Company Overview
- 11.1.2. Financial Performance
- 11.1.3. Product Portfolio
- 11.1.4. Strategic Initiatives
- 11.2. Medtronic plc
- 11.2.1. Company Overview
- 11.2.2. Financial Performance
- 11.2.3. Product Portfolio
- 11.2.4. Strategic Initiatives
- 11.3. Koninklijke Philips N.V.
- 11.3.1. Company Overview
- 11.3.2. Financial Performance
- 11.3.3. Product Portfolio
- 11.3.4. Strategic Initiatives
- 11.4. Integra LifeSciences
- 11.4.1. Company Overview
- 11.4.2. Financial Performance
- 11.4.3. Product Portfolio
- 11.4.4. Strategic Initiatives
- 11.5. Raumedic AG
- 11.5.1. Company Overview
- 11.5.2. Financial Performance
- 11.5.3. Product Portfolio
- 11.5.4. Strategic Initiatives
- 11.6. Sophysa
- 11.6.1. Company Overview
- 11.6.2. Financial Performance
- 11.6.3. Product Portfolio
- 11.6.4. Strategic Initiatives
- 11.7. Spiegelberg GmbH
- 11.7.1. Company Overview
- 11.7.2. Financial Performance
- 11.7.3. Product Portfolio
- 11.7.4. Strategic Initiatives
- 11.8. Gaeltec Devices
- 11.8.1. Company Overview
- 11.8.2. Financial Performance
- 11.8.3. Product Portfolio
- 11.8.4. Strategic Initiatives
- 11.9. Neural Analytics
- 11.9.1. Company Overview
- 11.9.2. Financial Performance
- 11.9.3. Product Portfolio
- 11.9.4. Strategic Initiatives
- 11.10. Other Notable Players
- 11.10.1. Company Overview
- 11.10.2. Financial Performance
- 11.10.3. Product Portfolio
- 11.10.4. Strategic Initiatives
List of Tables
- TABLE 1 Global Neurology Patient Monitoring Market By Application, 2022-2032, USD (Million)
- TABLE 2 North America Neurology Patient Monitoring Market By Application, 2022-2032, USD (Million)
- TABLE 3 U.S. Neurology Patient Monitoring Market By Application, 2022-2032, USD (Million)
- TABLE 4 Canada Neurology Patient Monitoring Market By Application, 2022-2032, USD (Million)
- TABLE 5 Rest of North America Neurology Patient Monitoring Market By Application, 2022-2032, USD (Million)
- TABLE 6 UK and European Union Neurology Patient Monitoring Market By Application, 2022-2032, USD (Million)
- TABLE 7 UK Neurology Patient Monitoring Market By Application, 2022-2032, USD (Million)
- TABLE 8 Germany Neurology Patient Monitoring Market By Application, 2022-2032, USD (Million)
- TABLE 9 Spain Neurology Patient Monitoring Market By Application, 2022-2032, USD (Million)
- TABLE 10 Italy Neurology Patient Monitoring Market By Application, 2022-2032, USD (Million)
- TABLE 11 France Neurology Patient Monitoring Market By Application, 2022-2032, USD (Million)
- TABLE 12 Rest of Europe Neurology Patient Monitoring Market By Application, 2022-2032, USD (Million)
- TABLE 13 Asia Neurology Patient Monitoring Market By Application, 2022-2032, USD (Million)
- TABLE 14 China Neurology Patient Monitoring Market By Application, 2022-2032, USD (Million)
- TABLE 15 Japan Neurology Patient Monitoring Market By Application, 2022-2032, USD (Million)
- TABLE 16 India Neurology Patient Monitoring Market By Application, 2022-2032, USD (Million)
- TABLE 17 Australia Neurology Patient Monitoring Market By Application, 2022-2032, USD (Million)
- TABLE 18 South Korea Neurology Patient Monitoring Market By Application, 2022-2032, USD (Million)
- TABLE 19 Latin America Neurology Patient Monitoring Market By Application, 2022-2032, USD (Million)
- TABLE 20 Brazil Neurology Patient Monitoring Market By Application, 2022-2032, USD (Million)
- TABLE 21 Mexico Neurology Patient Monitoring Market By Application, 2022-2032, USD (Million)
- TABLE 22 Rest of Latin America Neurology Patient Monitoring Market By Application, 2022-2032, USD (Million)
- TABLE 23 Middle East and Africa Neurology Patient Monitoring Market By Application, 2022-2032, USD (Million)
- TABLE 24 GCC Neurology Patient Monitoring Market By Application, 2022-2032, USD (Million)
- TABLE 25 Africa Neurology Patient Monitoring Market By Application, 2022-2032, USD (Million)
- TABLE 26 Rest of Middle East and Africa Neurology Patient Monitoring Market By Application, 2022-2032, USD (Million)
List of Figures
- FIG. 1 Global Neurology Patient Monitoring Market: Market Coverage
- FIG. 2 Research Methodology and Data Sources
- FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
- FIG. 4 Global Neurology Patient Monitoring Market: Quality Assurance
- FIG. 5 Global Neurology Patient Monitoring Market, By Application, 2023
- FIG. 6 Global Neurology Patient Monitoring Market, By Geography, 2023
- FIG. 7 Market Geographical Opportunity Matrix - Global Neurology Patient Monitoring Market, 2023
FIG. 8Market Positioning of Key Neurology Patient Monitoring Market Players, 2023
FIG. 9Global Neurology Patient Monitoring Market - Tier Analysis - Percentage of Revenues by Tier Level, 2023 Versus 2032
- FIG. 10 Global Neurology Patient Monitoring Market, By Application, 2023 Vs 2032, %
- FIG. 11 U.S. Neurology Patient Monitoring Market (US$ Million), 2022 - 2032
- FIG. 12 Canada Neurology Patient Monitoring Market (US$ Million), 2022 - 2032
- FIG. 13 Rest of North America Neurology Patient Monitoring Market (US$ Million), 2022 - 2032
- FIG. 14 UK Neurology Patient Monitoring Market (US$ Million), 2022 - 2032
- FIG. 15 Germany Neurology Patient Monitoring Market (US$ Million), 2022 - 2032
- FIG. 16 Spain Neurology Patient Monitoring Market (US$ Million), 2022 - 2032
- FIG. 17 Italy Neurology Patient Monitoring Market (US$ Million), 2022 - 2032
- FIG. 18 France Neurology Patient Monitoring Market (US$ Million), 2022 - 2032
- FIG. 19 Rest of Europe Neurology Patient Monitoring Market (US$ Million), 2022 - 2032
- FIG. 20 China Neurology Patient Monitoring Market (US$ Million), 2022 - 2032
- FIG. 21 Japan Neurology Patient Monitoring Market (US$ Million), 2022 - 2032
- FIG. 22 India Neurology Patient Monitoring Market (US$ Million), 2022 - 2032
- FIG. 23 Australia Neurology Patient Monitoring Market (US$ Million), 2022 - 2032
- FIG. 24 South Korea Neurology Patient Monitoring Market (US$ Million), 2022 - 2032
- FIG. 25 Rest of Asia Neurology Patient Monitoring Market (US$ Million), 2022 - 2032
- FIG. 26 Brazil Neurology Patient Monitoring Market (US$ Million), 2022 - 2032
- FIG. 27 Mexico Neurology Patient Monitoring Market (US$ Million), 2022 - 2032
- FIG. 28 Rest of Latin America Neurology Patient Monitoring Market (US$ Million), 2022 - 2032
- FIG. 29 GCC Neurology Patient Monitoring Market (US$ Million), 2022 - 2032
- FIG. 30 Africa Neurology Patient Monitoring Market (US$ Million), 2022 - 2032
- FIG. 31 Rest of Middle East and Africa Neurology Patient Monitoring Market (US$ Million), 2022 - 2032
