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. Read More

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. Read More

South America Neurology Monitoring Market Size

Market Size of South America Neurology Monitoring Industry

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 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

South America
	Brazil
	Argentina
	Rest of South America

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South America Neurology Monitoring Market Size Summary

The South America Neurology Monitoring Market is experiencing growth driven by the increasing prevalence of neurological disorders and a rising aging population. Conditions such as brain aneurysms, brain tumors, epilepsy, and Parkinson's disease necessitate specialized monitoring in operating rooms and intensive care units to prevent nervous system injuries. This demand for monitoring systems that track intracranial pressure, blood flow dynamics, and brain electrical activity is propelling market expansion. Electroencephalography (EEG), a key noninvasive method for recording brain activity, is gaining traction due to its application in diagnosing and treating conditions like sleep apnea. The heightened demand for high-quality EEG devices is further fueling market growth, as numerous companies strive to meet the specific needs of users.

The competitive landscape of the South America Neurology Monitoring Market is moderately active, with several major players employing strategies such as agreements, collaborative models, business expansion, and product development to strengthen their market position. Key industry participants include Nihon Kohden Corporation, GE Healthcare, Philips Healthcare, Dragerwerk Ag & Co. Kgaa, and Natus Medical, Inc. These companies are pivotal in driving innovation and meeting the growing demand for advanced neurology monitoring solutions, thereby contributing to the market's anticipated growth trajectory over the forecast period.

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South America Neurology Monitoring Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Market Overview
2. 1.2 Market Drivers
  1. 1.2.1 Increasing Burden of Neurological Disorders and Increasing Incidence of Traumatic Brain Injuries
  2. 1.2.2 Increasing Number of Product Approvals
3. 1.3 Market Restraints
  1. 1.3.1 High Cost of Monitoring Devices and Shortage of Trained Professionals
4. 1.4 Porter's Five Force Analysis
  1. 1.4.1 Threat of New Entrants
  2. 1.4.2 Bargaining Power of Buyers/Consumers
  3. 1.4.3 Bargaining Power of Suppliers
  4. 1.4.4 Threat of Substitute Products
  5. 1.4.5 Intensity of Competitive Rivalry
2. MARKET SEGMENTATION
1. 2.1 By Product Type
  1. 2.1.1 Magnetic Resonance Imaging (MRI) Devices
  2. 2.1.2 Electroencephalography devices
  3. 2.1.3 Cerebral Oximeters
  4. 2.1.4 Intracranial Pressure Monitors
  5. 2.1.5 Others
2. 2.2 By Disease Type
  1. 2.2.1 Traumatic Brain Injury (TBI)
  2. 2.2.2 Sleep Disorders
  3. 2.2.3 Parkinson's Disease
  4. 2.2.4 Other Diseases
3. 2.3 Geography
  1. 2.3.1 South America
    1. 2.3.1.1 Brazil
    2. 2.3.1.2 Argentina
    3. 2.3.1.3 Rest of South America

South America Neurology Monitoring Market Size 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.