South America Neurology Monitoring Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 321.97 Million |
| Market Size (2029) | USD 403.36 Million |
| CAGR (2024 - 2029) | 4.61 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South America Neurology Monitoring Market Analysis
The South America Neurology Monitoring Market size is estimated at USD 321.97 million in 2024, and is expected to reach USD 403.36 million by 2029, growing at a CAGR of 4.61% during the forecast period (2024-2029).
The key factors propelling the growth of the market are the increasing incidence of neurological disorders and the rising aging population. The increasing incidence of neurological disorders like brain aneurysms, brain tumors, epilepsy, Parkinson's disease, peripheral neuropathy, etc.
Specialized monitoring is been therefore essential in neurological patients in the operating rooms and intensive care units to prevent ischemic and mechanical injury to the nervous system. Hence all these systems monitor the intracranial pressure and blood flow dynamics and monitor the brain's electrical activity, thereby propelling the market growth.
South America Neurology Monitoring Market Trends
This section covers the major market trends shaping the South America Neurology Monitoring Market according to our research experts:
Electroencephalography (EEG) Devices is Expected to be Largest Growing Segment
Electroencephalography (EEG) is an electrophysiological monitoring method that is used to record the 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 for 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 a rising demand for high-quality EEG devices, that helps in the market growth
South America Neurology Monitoring Industry Overview
The South America Neurology Monitoring Market is moderately competitive with several major players. Some of the strategies implemented include agreements, collaborative models, business expansion, and product developments. Some of the major players are Nihon Kohden Corporation, GE Healthcare, Philips Healthcare, Dragerwerk Ag & Co. Kgaa, Natus Medical, Inc.
South America Neurology Monitoring Market Leaders
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Nihon Kohden Corporation
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GE Healthcare
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Philips Healthcare
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Dragerwerk Ag & Co. Kgaa
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Natus Medical, Inc.
*Disclaimer: Major Players sorted in no particular order
South 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 and Increasing Incidence of Traumatic Brain Injuries
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4.2.2 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 and 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 Sleep Disorders
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5.2.3 Parkinson's Disease
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5.2.4 Other Diseases
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5.3 Geography
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5.3.1 South America
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5.3.1.1 Brazil
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5.3.1.2 Argentina
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5.3.1.3 Rest of South America
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Nihon Kohden Corporation
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6.1.2 GE Healthcare
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6.1.3 Philips Healthcare
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6.1.4 Dragerwerk Ag & Co. Kgaa
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6.1.5 Natus Medical, Inc.
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6.1.6 Siemens Healthineers
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6.1.7 Medtronic Plc
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6.1.8 Masimo Corporation
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South America Neurology Monitoring Industry Segmentation
As per the scope of the report, 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.
| By Product Type | |
| Magnetic Resonance Imaging (MRI) Devices | |
| Electroencephalography devices | |
| Cerebral Oximeters | |
| Intracranial Pressure Monitors | |
| Others |
| By Disease Type | |
| Traumatic Brain Injury (TBI) | |
| Sleep Disorders | |
| Parkinson's Disease | |
| Other Diseases |
| Geography | |||||
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South America Neurology Monitoring Market Research FAQs
How big is the South America Neurology Monitoring Market?
The South America Neurology Monitoring Market size is expected to reach USD 321.97 million in 2024 and grow at a CAGR of 4.61% to reach USD 403.36 million by 2029.
What is the current South America Neurology Monitoring Market size?
In 2024, the South America Neurology Monitoring Market size is expected to reach USD 321.97 million.
Who are the key players in South America Neurology Monitoring Market?
Nihon Kohden Corporation, GE Healthcare, Philips Healthcare, Dragerwerk Ag & Co. Kgaa and Natus Medical, Inc. are the major companies operating in the South America Neurology Monitoring Market.
What years does this South America Neurology Monitoring Market cover, and what was the market size in 2023?
In 2023, the South America Neurology Monitoring Market size was estimated at USD 307.78 million. The report covers the South America Neurology Monitoring Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Neurology Monitoring Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Neurology Monitoring Industry Report
Statistics for the 2024 South America Neurology Monitoring market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South 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.
