United States Neurology Devices Market was valued at USD 2.8 Billion in 2022 and is projected to reach USD 5.0 Billion by 2030, growing at a CAGR of 7.3% from 2024 to 2030.
The US Neurology Devices Market is undergoing significant transformation, driven by technological advancements and the increasing prevalence of neurological disorders. The demand for neurology devices has risen rapidly due to the growing need for early diagnosis, better treatment options, and the aging population. In particular, devices designed for diagnostic and therapeutic purposes have become a core requirement in healthcare settings across the country.
As the industry continues to evolve, various types of neurology devices are making their mark. These include electroencephalography (EEG) machines, magnetic resonance imaging (MRI) machines, neurostimulation devices, and deep brain stimulators. These devices are widely used for diagnosing conditions such as epilepsy, Parkinson's disease, Alzheimer's disease, and multiple sclerosis. The advanced diagnostic devices, in particular, have revolutionized how healthcare professionals identify neurological conditions, offering better precision and faster results.
The requirement from industries, such as hospitals, rehabilitation centers, and diagnostic laboratories, is primarily focused on obtaining the most effective and efficient neurology devices. Hospitals, for example, rely heavily on MRI machines and EEGs for neurological assessments, while rehabilitation centers often look for advanced neurostimulation devices to aid in patient recovery. Furthermore, the increasing emphasis on minimally invasive procedures has led to a surge in demand for devices like deep brain stimulators, which provide a non-surgical solution for treating movement disorders.
As the market grows, it is clear that innovation will continue to shape the future of neurology devices. Companies that can develop devices with higher accuracy, reliability, and ease of use are likely to dominate the market. Additionally, with the rise of wearable devices and remote monitoring solutions, the need for connected, real-time monitoring tools will also increase. Neurology devices will continue to play a vital role in enhancing patient care, supporting both preventative and therapeutic neurological treatments.
The ongoing expansion of the US Neurology Devices Market highlights the vital need for cutting-edge technology to address the growing neurological challenges faced by the population. It’s clear that these devices are indispensable in the fight against neurological disorders, and the demand for advanced neurology devices will only intensify in the years to come.
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Boston Scientific
Medtronic
Abbott
Stryker Corporation
Johnson and Johnson
B.Braun
Penumbra
Terumo Corporation
Integra LifeSciences
Sophysa
LivaNova
Magstim
W.L. Gore & Associates
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Neurology Devices Market
Neuromodulation Devices
Neurostimulation Devices
Neurodiagnostic Devices
Neuroprosthetics Devices
Other Neurology Devices
Treatment of Parkinson's Disease
Epilepsy Treatment
Chronic Pain Management
Movement Disorder Treatment
Other Neurological Disorders
Hospitals
Ambulatory Surgical Centers
Neurology Clinics
Rehabilitation Centers
Others
Deep Brain Stimulation
Transcranial Magnetic Stimulation
Electroconvulsive Therapy
Functional Electrical Stimulation
Other Technologies
Implantable Devices
Non-Implantable Devices
Wearable Devices
Portable Devices
Consumables and Accessories
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Neurology Devices Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Neurology Devices Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Neurology Devices Market, By Type
6. US Neurology Devices Market, By Application
7. US Neurology Devices Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Neurology Devices Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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