North America Neurology Monitoring Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 2.76 Billion |
| Market Size (2029) | USD 3.49 Billion |
| CAGR (2024 - 2029) | 4.72 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Neurology Monitoring Market Analysis
The North America Neurology Monitoring Market size is estimated at USD 2.76 billion in 2024, and is expected to reach USD 3.49 billion by 2029, growing at a CAGR of 4.72% during the forecast period (2024-2029).
TheNorth America Neurology Monitoring Marketwill 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 recognized 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. According to a report published by the Alzheimer's Association, it was estimated that around 5.8 millionAmericans of all ages are living with Alzheimer's dementia in 2019 as 5.4 million Americans were recorded in the year 2016. Therefore the above statistics clearly demonstrate an increase in the number of patients with neurological disorders and therefore neurology monitoring devices are found to be used. Hence all these systems monitors the intracranial pressure and blood flow dynamics and also monitors the brain electrical activity, thereby propelling the market growth.
North America Neurology Monitoring Market Trends
This section covers the major market trends shaping the North America Neurology Monitoring Market according to our research experts:
Electroencephalography (EEG) Devices are Expected to be the Fastest Growing Segment in the Market Studied
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 rising demand of high-quality EEG devices, that helps in the market growth.
North America Neurology Monitoring Industry Overview
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.
North America Neurology Monitoring Market Leaders
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Natus Medical, Inc.
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Philips Healthcare
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GE Healthcare
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Drägerwerk Ag & Co. Kgaa
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Nihon Kohden Corporation
*Disclaimer: Major Players sorted in no particular order
North America Neurology Monitoring Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Increasing Burden of Neurological Disorders
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4.2.2 Growing Incidence of Traumatic Brain Injuries
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4.2.3 Increasing Number of Product Approvals
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4.3 Market Restraints
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4.3.1 High Cost of Monitoring Devices
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4.3.2 Shortage of Trained Professionals
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product Type
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5.1.1 Magnetic Resonance Imaging (MRI) Devices
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5.1.2 Electroencephalography devices
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5.1.3 Cerebral Oximeters
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5.1.4 Intracranial Pressure Monitors
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5.1.5 Others
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5.2 By Disease Type
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5.2.1 Traumatic Brain Injury (TBI)
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5.2.2 Stroke
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5.2.3 Sleep Disorders
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5.2.4 Parkinson's Disease
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5.2.5 Epilepsy
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5.2.6 Other Diseases
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5.3 Geography
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5.3.1 North America
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5.3.1.1 United States
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5.3.1.2 Canada
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5.3.1.3 Mexico
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Natus Medical, Inc.
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6.1.2 Nihon Kohden Corporation
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6.1.3 Philips Healthcare
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6.1.4 GE Healthcare
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6.1.5 Siemens Healthineers
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6.1.6 Compumedics Limited
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6.1.7 Medtronic Plc
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6.1.8 Advanced Brain Monitoring, Inc.
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6.1.9 Dragerwerk Ag & Co. Kgaa
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6.1.10 Masimo Corporation
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
North America Neurology Monitoring Industry Segmentation
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 | |
| Others |
| By Disease Type | |
| Traumatic Brain Injury (TBI) | |
| Stroke | |
| Sleep Disorders | |
| Parkinson's Disease | |
| Epilepsy | |
| Other Diseases |
| Geography | |||||
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North America Neurology Monitoring Market Research FAQs
How big is the North America Neurology Monitoring Market?
The North America Neurology Monitoring Market size is expected to reach USD 2.76 billion in 2024 and grow at a CAGR of 4.72% to reach USD 3.49 billion by 2029.
What is the current North America Neurology Monitoring Market size?
In 2024, the North America Neurology Monitoring Market size is expected to reach USD 2.76 billion.
Who are the key players in North America Neurology Monitoring Market?
Natus Medical, Inc. , Philips Healthcare , GE Healthcare , Drägerwerk Ag & Co. Kgaa and Nihon Kohden Corporation are the major companies operating in the North America Neurology Monitoring Market.
What years does this North America Neurology Monitoring Market cover, and what was the market size in 2023?
In 2023, the North America Neurology Monitoring Market size was estimated at USD 2.64 billion. The report covers the North America Neurology Monitoring Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Neurology Monitoring Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Neurology Monitoring Industry Report
Statistics for the 2024 North America Neurology Monitoring market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Neurology Monitoring analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
