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NEURODIAGNOSTICS MARKET Size and trends

Neurodiagnostics Market, By Product Type (Electroencephalogram (EEG) Systems, Magnetic Resonance Imaging Systems, Ultrasound Imaging Systems, Computed Tomography Scanner, Reagents & Consumables, and Others), By Therapeutic Area (Neurodegenerative Diseases, Sleep Disorders, Stroke, Epilepsy, and Others), By End User (Hospitals, Diagnostic Centers, Ambulatory Care Centers, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

  • Published In : Feb 2025
  • Code : CMI6902
  • Pages :155
  • Formats :
      Excel and PDF
  • Industry : Medical Devices

Neurodiagnostics Market Size and Trends

The neurodiagnostics market is estimated to be valued at USD 9.38 Bn in 2025 and is expected to reach USD 16.40 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 8.3% from 2025 to 2032.

Neurodiagnostics Market Key Factors

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The neurodiagnostics market is expected to witness positive growth over the forecast period. The growing geriatric population and rising global disease burden of neurodegenerative and neurological disorders are the major factors that are expected to drive the market growth. In addition, technological advancements in neurodiagnostics testing and imaging modalities along with growing awareness regarding early disease diagnosis are further expected to support the market growth between 2025 and 2032. However, high cost of advanced neurodiagnostic tests may hinder the market growth to some extent over the coming years.

Market Driver – Rising Prevalence of Neurological Disorders

Neurological conditions, such as Alzheimer's disease, Parkinson's disease, epilepsy, multiple sclerosis, stroke, and traumatic brain injuries, are affecting a significant proportion of the population worldwide. It is estimated that around 50 million people are suffering from dementia globally and the number is expected to triple by 2050. The increasing prevalence of as Alzheimer's disease, Parkinson's disease, epilepsy can be attributed to both genetic and environmental factors. With increasing age comes an increased risk of neurological dysfunction. As life expectancy improves across countries, aging populations are more susceptible to these conditions. Moreover, modern lifestyles with less physical activity, poor dietary habits, and higher stress levels are contributors. Exposure to toxic substances, head injuries, and neurological infections also add to the rising disease burden. This massive patient pool needs effective diagnosis and monitoring of their conditions. Neurodiagnostics devices come handy for doctors in studying the structure and function of the nervous system. Devices like magnetic resonance imaging systems, computed tomography scanners, electroencephalogram (EEG) machines, ultrasound scanners, and molecular testing kits are indispensable tools for identifying the underlying cause of symptoms and deciding on the right course of treatment.

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