Digital Health in Neurology Market Size, Trend Analysis, Share,

The business research company recently published a comprehensive report on global digital health in neurology market size and trends analysis with forecast 2024-2033. This latest market research report provides a wealth of valuable insights and data, including global market size, regional shares and competitor market shares. It also covers current trends, future opportunities and essential data for success in the industry.

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According to The Business Research Company, the digital health market in neurology 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 growth over the historical period is due to increased access to care for Parkinson’s patients through digital health tools, the use of big data for computational health in neurology, the integration of digital tools into neurogenetics research, and digital health initiatives for movement disorders, particularly in telemedicine applications , attributed .

The digital health in neurology market is expected to witness exponential growth in the next few years. In 2028, it will grow to $105.10 billion at a compound annual growth rate (CAGR) of 24.1%. The growth during the forecast period is attributed to advances in AI and machine learning, expansion of telemedicine, wearable technology and remote monitoring, big data and genomics integration, patient-centric digital health platforms, and regulatory and reimbursement frameworks. Key trends during the forecast period include the rise of patient-centric solutions, focus on remote monitoring and virtual care, AI-powered diagnostics and treatment personalization, and emphasis on preventive measures.

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Market drivers and trends:

The increase in the prevalence of cardiovascular diseases is expected to drive the growth of the heart failure treatment devices market. Cardiovascular disease includes a range of diseases of the heart and blood vessels, including coronary artery disease, high blood pressure and heart failure, which affect blood flow and overall heart health. The increase in the prevalence of cardiovascular disease is primarily due to the increasing prevalence of risk factors such as obesity, physical inactivity, poor nutrition and aging populations. Heart failure treatment devices are critical in the treatment of cardiovascular disease by regulating heart rhythm and improving cardiac function, significantly improving patient outcomes. For example, according to the Office for National Statistics, a national statistics agency based in the United Kingdom, as of March 2022, the number of deaths due to heart attacks was 20,061 in 2021, an increase from 19,440 in 2020. Hence the increase in the prevalence of heart attacks -Circulatory diseases are driving the growth of the heart failure (CHF) treatment devices market.

Major companies operating in the neurology digital health market are focusing on developing innovative technologies such as neural interface to gain a competitive advantage in the market. A neural interface is a technology that allows direct communication between the brain and external devices, allowing control or feedback from these devices. For example, Blackrock Neurotech, a US-based biotechnology company, launched Neuralace, a next-generation neural interface, in November 2022. This innovative technology, with over 10,000 channels and a flexible electrode design, represents a significant advance in brain-computer interface (BCI) technology. Neuralace is designed to transform the treatment of neurological disorders by enabling comprehensive brain data collection and enhancing capabilities Restoration of vision and memory, performance prediction and treatment of mental disorders.

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• Comprehensive market insights: Stakeholders gain access to detailed market statistics, trends and analysis that help them understand the current and future landscape of their industry.
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• Competitive Advantage: With detailed competitive analysis and market share information, stakeholders can identify opportunities to outperform their competition.
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• Global perspective: Reports cover various regions and markets, providing a comprehensive overview that helps stakeholders expand and operate successfully on a global scale.

Key Market Players:

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

Key Insights on Digital Health in Neurology Market 2024:

• The size of the digital health neurology market is expected to grow exponentially in the next few years. In 2028, it will grow to $105.10 billion at a compound annual growth rate (CAGR) of 24.1%.
• Neurological disorders are driving the growth of the digital health market in neurology
• Innovative neural interface technologies are revolutionizing neurological care
• North America was the largest region in the neurology digital health market in 2023

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