MEA Neurology Monitoring Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 239.69 Million |
| Market Size (2029) | USD 298.13 Million |
| CAGR (2024 - 2029) | 4.46 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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 neurology monitoring market in the Middle East and Africa is witnessing growth primarily due to a surge in neurological disorders, a rise in traumatic brain injuries, and the expanding elderly demographic. Specifically, the uptick in afflictions such as brain aneurysms, tumors, and a spectrum of other neurological conditions, from epilepsy and memory disorders to Parkinson's and Alzheimer's, stands out as the primary drivers for this market's growth trajectory. For instance, according to the data published by the Ministry of Health in September 2022, there were 130,000 cases of Alzheimer's disease in Saudi Arabia in 2022, and this number is projected to be 14 million by 2060. As a result, the market growth is anticipated to be further fueled by the increasing frequency of dementia, thereby boosting the market growth.
Moreover, according to an article published by MDPI in June 2022, a study was conducted in the United Arab Emirates 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 was estimated that the incidence of traumatic brain injury (TBI) in Saudi Arabia was 116 per 1,00,000 population, and it is also expected to rise in the region. The source also stated that the most common reasons for traumatic brain injuries were road traffic accidents (49.7%) and falls (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 boost market growth.
Thus, the aforementioned factors, such as the increasing prevalence of neurological disorders and the increasing incidence of traumatic brain injuries, are expected to boost the market growth during the forecast period. However, the high cost of devices and the shortage of trained professionals are expected to impede market growth.
MEA Neurology Monitoring Market Trends
The Electroencephalography (EEG) Devices Segment is Expected to Register a Significant CAGR During the Forecast Period
Electroencephalography (EEG) is an electrophysiological monitoring method that is used to record the electrical activity of the brain. It is used to measure and record brain wave activity for the diagnosis and treatment of sleep apnea. Due to this increased use and demand for high-quality EEG devices, numerous companies are catering to the specific needs of EEG users. The rising prevalence of diseases such as brain cancer and Alzheimer's disease is the major factor driving the segment's growth.
For instance, according to the article published by the Alzheimer's & Dementia Journal in September 2022, the prevalence of dementia is increasing across the African continent at the same time as the aging population in low- and middle-income nations. The source also stated that dementia prevalence in Africa ranges from 2.3% to 20.0%, and incidence rates were recorded at 13.3 per 1000 person-years, with increasing mortality in parts of the rapidly changing region. Thus, the high burden of the disease in the region is expected to increase the demand for EEG devices, which may propel the segment growth over the study period.
Moreover, according to a report published by Research Square in May 2022, the highest estimate of those living with dementia above the age of 50 and 60 was in Egypt, Algeria, and Morocco. This high burden of diseases in these countries is expected to increase the demand for EEG devices.
Thus, the aforementioned factors, such as the rising prevalence of various neurological disorders and the increasing geriatric population, are expected to boost segment growth.
GCC is Expected to Hold a Significant Market Share During the Forecast Period
The Gulf Cooperation Council comprises Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE). The major factors driving the growth of the market in GCC are the increasing prevalence of neurological disorders, the increasing launch of technologically advanced products, the rising geriatric population, and the growing number of traumatic brain injuries in the region.
According to a study released by the Lancet Public Health in January 2022, the UAE and other Gulf countries are predicted to report the highest number of people living with dementia over the next 30 years worldwide. It was estimated that the UAE will see an increase of 1,795% in people suffering from dementia by 2050, and neighboring Gulf countries, such as Qatar and Bahrain, will see an increase in dementia cases of 1,926% and 1,084% by 2050, respectively. Thus, the high number of dementia cases is expected to increase the prevalence of Alzheimer's disease in the region over the forecast period, thereby propelling the adoption of neurology monitoring devices.
The neurology monitoring segment continues to witness significant advancements, with companies striving to enhance non-invasive monitoring technologies. For instance, in March 2022, at Dubai's World Expo, NeuroVigil made a significant announcement during the keynote of the New Technology & Mental Health Conference. The company revealed that it had enlisted top leaders from industry, government, and academia to bolster its operations in preparation for the upcoming release of its latest innovation, the non-invasive iBrain brain monitor. This development underscores the ongoing efforts within the neurology monitoring segment to integrate cutting-edge technology for improved patient outcomes.
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.
MEA Neurology Monitoring Industry Overview
The Middle East and Africa neurology monitoring market is moderately competitive with several major players. Some of the strategies implemented include agreements, collaborative models, business expansion, and product development. Some of the key players operating in the market are Natus Medical Inc., Nihon Kohden Corporation, Dragerwerk Ag & Co. KGaA, and GE Healthcare.
MEA Neurology Monitoring Market Leaders
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Natus Medical, Inc.
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Nihon Kohden Corporation
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Dragerwerk Ag & Co. Kgaa
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GE Healthcare
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Koninklijke Philips N.V.
*Disclaimer: Major Players sorted in no particular order
MEA Neurology Monitoring Market News
- November 2023: Huma Therapeutics secured Saudi FDA Class C certification for its disease-agnostic Software-as-a-Medical-Device (SaMD) in Saudi Arabia. Huma's SaMD platform facilitates digital health pathways, enabling clinicians to collect patient data for self-management or centralized assessment. These pathways encompass a range of tools, from remote patient monitoring (RPM) programs and companion apps to risk assessment tools, dose calculators, and advanced algorithms.
- November 2023: A few doctors at Tawam Hospital in Abu Dhabi successfully used neuromonitoring to ensure facial nerve integrity in complex surgery.
MEA Neurology Monitoring Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Burden of Neurological Disorders
4.2.2 Growing Incidence of Traumatic Brain Injuries
4.3 Market Restraints
4.3.1 High Cost of Devices and Shortage of Trained Professionals
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD)
5.1 By Product Type
5.1.1 Magnetic Resonance Imaging (MRI) Devices
5.1.2 Electroencephalography Devices
5.1.3 Cerebral Oximeters
5.1.4 Intracranial Pressure Monitors
5.1.5 Other Product Types
5.2 By Disease Type
5.2.1 Traumatic Brain Injury (TBI)
5.2.2 Stroke
5.2.3 Sleep Disorders
5.2.4 Parkinson's Disease
5.2.5 Epilepsy
5.2.6 Other Disease Types
5.3 Geography
5.3.1 GCC
5.3.2 South Africa
5.3.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Natus Medical Inc.
6.1.2 Nihon Kohden Corporation
6.1.3 Koninklijke Philips NV
6.1.4 Dragerwerk Ag & Co. KGaA
6.1.5 GE Healthcare
6.1.6 Siemens Healthineers
6.1.7 Masimo Corporation
6.1.8 Medtronic PLC
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
MEA Neurology Monitoring Industry Segmentation
Neurology monitoring devices are used to monitor and diagnose 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 brain functions. In addition, these devices help monitor neural and electrical activity in the brain.
The neurology monitoring market in the Middle East and Africa is segmented by product type, disease type, and geography. By product type, the market is segmented into magnetic resonance imaging (MRI) devices, electroencephalography devices, cerebral oximeters, intracranial pressure monitors, and other product types. By disease type, the market is segmented into traumatic brain injury (TBI), stroke, sleep disorders, Parkinson's disease, epilepsy, and other disease types. By geography, the market is segmented into GCC, South Africa, and Rest of Middle East and Africa.
The report offers market sizes and forecasts in terms of value (USD) for the above segments.
| 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 Disease Types |
| Geography | |
| GCC | |
| South Africa | |
| Rest of Middle East and Africa |
MEA Neurology Monitoring Market Research FAQs
How big is the MEA Neurology Monitoring Market?
The MEA Neurology Monitoring Market size is expected to reach USD 239.69 million in 2024 and grow at a CAGR of 4.46% to reach USD 298.13 million by 2029.
What is the current MEA Neurology Monitoring Market size?
In 2024, the MEA Neurology Monitoring Market size is expected to reach USD 239.69 million.
Who are the key players in MEA Neurology Monitoring Market?
Natus Medical, Inc., Nihon Kohden Corporation, Dragerwerk Ag & Co. Kgaa, GE Healthcare and Koninklijke Philips N.V. are the major companies operating in the MEA Neurology Monitoring Market.
What years does this MEA Neurology Monitoring Market cover, and what was the market size in 2023?
In 2023, the MEA Neurology Monitoring Market size was estimated at USD 229.00 million. The report covers the MEA Neurology Monitoring Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the MEA Neurology Monitoring Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
MEA Neurology Monitoring Industry Report
Statistics for the 2024 MEA Neurology Monitoring market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. MEA Neurology Monitoring analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
MEA Neurology Monitoring Market Report Snapshots
