Global Neurology Devices market is estimated to be valued at US 24.1 million in 2023 and is expected to exhibit a CAGR of 15.9% during the forecast period (2023-2030). Increase in product launches by key market players is expected to drive the market growth over the forecast period. Moreover, an increase in government funding for development of neurology devices is expected to drive the growth of the global neurology devices market over the forecast period.
Market Trends
Increasing adoption of Artificial Intelligence (AI) in neurology is expected to aid in growth of the market. For instance, according to the study ‘Artificial Intelligence Techniques for Automated Diagnosis of Neurological Disorders’, published in March 2020, on ResearchGate GmbH, computer-aided diagnosis (CAD) system using AI and advanced signal processing techniques can assist clinicians in analyzing and interpreting physiological signals and images more effectively.
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Neurology Devices Market Report Snapshots
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