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Digital Health in Neurology Market by Component (Software, Hardware, Services), by Indication (Alzheimer’s disease, Parkinson’s disease, Multiple sclerosis, Epilepsy, Other indications), by End-use (Patients, Providers, Payers, Other end-users), by North America (U.S., Canada), by Europe (Germany, UK, France, Spain, Italy, Rest of Europe), by Asia Pacific (Japan, China, India, Australia, South Korea, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Argentina, Rest of Latin America), by Middle East and Africa (Saudi Arabia, South Africa, UAE, Rest of Middle East and Africa) Forecast 2025-2033
The size of the Digital Health in Neurology market was valued at USD XXX Billion in 2023 and is projected to reach USD XXX Billion by 2032, with an expected CAGR of 19% during the forecast period.Digital health in neurology is the application of digital technologies to improve the diagnosis, treatment, and management of neurological diseases. These include telemedicine, mobile health applications, wearable devices, and analytic data. These facilitate continuous monitoring of neurological parameters that allow for the early detection of changes in the health status of patients and results in timely intervention by health service providers that can prevent the progression of disease or its complications. They can also improve patient activation, treatment adherence, and quality of life.
The Digital Health in Neurology Market exhibits moderate concentration. The top players hold a significant market share, while numerous smaller companies operate in the space. This market is characterized by innovation, with companies investing in research and development to introduce new and advanced solutions. Regulations play a crucial role in shaping the market, as they impact data privacy, security, and reimbursement policies. Product substitutes, such as traditional neurological assessment and treatment methods, can limit market growth. The end-user concentration is diverse, with solutions catering to patients, providers, payers, and other healthcare stakeholders. The level of M&A activity in this market is moderate, with companies seeking to expand their capabilities and offerings through acquisitions and partnerships.
Key market trends include:
Key Region: North America, particularly the United States, is expected to dominate the Digital Health in Neurology Market due to high healthcare expenditure, advanced healthcare infrastructure, and a favorable regulatory environment.
Key Segment: The Services segment is projected to hold the largest market share. Neurological diseases require specialized and comprehensive care, driving the demand for services such as remote patient monitoring, telehealth consultations, and digital therapeutic programs.
The report provides comprehensive coverage of the Digital Health in Neurology Market, including:
The Digital Health in Neurology Market is expected to continue its growth trajectory, reaching $80.5 billion by 2028. The market growth is driven by increasing healthcare expenditure, rising prevalence of neurological disorders, and technological advancements. North America is expected to remain the dominant region throughout the forecast period.
February 2024: AdvancedMD announced over 30 updates to its EHR, practice management, and patient engagement tools to enhance operational agility and improve billing capabilities.
November 2022: Blackrock Neurotech introduced Neuralace, a neural interface with ultra-high channel count and flexibility, marking a step towards whole-brain data capture and transformative treatments for neurological disorders.
1. Component
2. Indication
3. End-use
1. North America
2. Europe
3. Asia Pacific
4. Latin America
5. Middle East and Africa
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 19% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
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