Digital Health in Neurology Market 2024: Growth, Trends, Analysis, Forecast 2033

The new report published by The Business Research Company, titled ""Digital Health In Neurology Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the digital health in neurology market size has grown exponentially in recent years. It will grow from $35.74 billion in 2023 to $44.26 billion in 2024 at a compound annual growth rate (CAGR) of 23.8%. The digital health in neurology market size is expected to see exponential growth in the next few years. It will grow to $105.10 billion in 2028 at a compound annual growth rate (CAGR) of 24.1%.

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Neurological Disorders Propel Growth Of The Digital Health In Neurology Market
The rising prevalence of neurological disorders is expected to propel the growth of digital health in the neurology market going forward. Neurological disorders are conditions that affect the nervous system, including the brain, spinal cord, and nerves throughout the body. The prevalence of neurological disorders is due to the aging population, lifestyle changes, environmental factors, genetics, improved diagnosis and awareness, and better survival rates for traumatic brain injuries (TBIs). Digital health technologies in neurology enable remote monitoring, personalized treatment, and early detection of neurological disorders, enhancing patient care and outcomes. For instance, in October 2023, according to the World Federation of Neurology, a UK-based association of national neurological societies, over 40% of the global population suffers from some neurological condition, which is projected to nearly double by 2050. Further, the number of people who die from stroke globally is estimated to be 9.7 million deaths per year, which is expected to increase by 50% by 2050. Therefore, the rising prevalence of neurological disorders is driving the growth of digital health in the neurology market.

Innovative Neural Interface Technologies Revolutionize Neurology Care
Major companies operating in digital health in neurology market are focusing on developing innovative technology, such as a neural interface, to gain a competitive edge in the market. A neural interface is a technology that enables direct communication between the brain and external devices, allowing for control of or feedback from these devices. For instance, in November 2022, Blackrock Neurotech, a US-based biotechnology company, launched Neuralace, a next-generation neural interface. This innovative technology, featuring over 10,000 channels and a flexible electrode design, represents a significant advancement in brain-computer interface (BCI) technology. Neuralace is set to transform the treatment of neurological disorders by enabling comprehensive brain data capture and improving capabilities in vision and memory restoration, performance prediction, and mental health disorder treatment.

The digital health in neurology market covered in this report is segmented -
1) By Component: Software, Hardware, Services
2) By Indication: Alzheimer's Disease, Parkinson's Disease, Multiple Sclerosis, Epilepsy, Other Indications
3) By End-Use: Patients, Providers, Payers, Other End-users

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Major companies operating in the digital health in neurology market are Neuralink Corp., Neuronetics Inc., NeuroPace Inc., Synaptive Medical, Cala Health, Magstim Co Ltd, MindMaze, MicroTransponder Inc., Neuroelectrics, Pear Therapeutics Inc., electroCore Inc., NeuroMetrix Inc., Blackrock Neurotech, AppliedVR, Neurable Inc., BitBrain, NeuraLight Inc., Axorus, Omniscient Neurotechnology Pty Limited, NervGen Pharma Corp., Cortechs Labs Inc., Brain.fm, Hippoc

Contents of the report:
1. Executive Summary
2. Digital Health In Neurology Market Report Structure
3. Digital Health In Neurology Market Trends And Strategies
4. Digital Health In Neurology Market - Macro Economic Scenario
5. Digital Health In Neurology Market Size And Growth
…..
27. Digital Health In Neurology Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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