MEA Neurology Monitoring Market Size (2024 - 2029)

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 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.