NEUROLOGY MONITORING MARKET ANALYSIS

Neurology Monitoring MarketSize and Trends

The global neurology monitoring market was valued at US$ 5,618.9 Mn in 2021 and is forecast to reach a value of US$ 8,415.3 Mn by 2028 at a CAGR of 5.9% between 2022 and 2028. The global neurology monitoring market is experiencing strong growth due to the increase in incidence or prevalence of neurological disorders and increase in demand for neurology patient monitoring devices. Moreover, growing incidence of traumatic brain injuries and growing geriatric population across the globe is expected to boost the growth of the market. However, factors such as high cost of neurology monitoring devices and shortage of trained professionals are major factors expected to hamper growth of the neurology monitoring market.

Global Neurology Monitoring Market: Regional Insights

Global Neurology Monitoring Market Trends:

Increasing number of product approvals is a recent trend

There has been a significant increase in the number of product approvals over the years due to rise in burden of neurological diseases and rise in demand for neurology monitors worldwide. The U.S. Food and Drug Administration (FDA) has approved number of neurology monitoring devices over the years. Which has a positive impact on the growth of the global neurology monitoring market. This trend is expected to continue over the forecast period.

Increase in burden of sleep disorders is another trend

Insomnia, sleep apnea, narcolepsy, and restless legs syndrome are some of the most common sleep disorders. Of which, insomnia affects a large population worldwide. Insomnia is a common sleep disorder that can make it hard to fall asleep, hard to stay asleep, can cause to wake up too early, and make it difficult to get back to sleep. With the increase in burden of sleep disorders, the demand for neurology monitoring is also increasing. This trend is expected to continue during the forecast period, driving the growth of the market.