The Europe neurology monitoring market size is projected to expand at a significant CAGR during the forecast period, 2021-2028. The growth of the market is attributed to increasing incidence of neurological disorders and huge investments by private players in neurology monitoring devices.
Neurology is a branch of medical science concerned with study and treatment of disorders of the nervous system. Autonomic, central, and peripheral are three types of nervous systems. A neurosurgeon treats neurological disorders through surgery. Neurological disorders frequently differ between young children and adults. Neurological problems in those younger than 18 years are managed by pediatric neurologists. Problems with senses are sometimes caused by nervous system disorders. Neurologist also treat patients that suffer from seizure disorders, such as multiple sclerosis, infections of the nervous system, headaches, such as cluster headaches, and migraine.
Market Trends, Drivers, Restraints, and Opportunities
- Growing healthcare spending is projected to boost the market growth in the coming years.
- Rising aging population is expected to spur the market growth during the forecast period.
- Increasing investment by medical device manufactures is expected to spur the market growth in the coming years.
- Increasing patient awareness is anticipated to drive the market growth during the forecast period.
- Expanding awareness regarding neurological disorders is estimated to fuel the growth of the market.
- Rising sleep disorders is projected to boost the market growth in the coming years.
- High cost of complex brain monitoring procedures and devices is estimated to restrict the market growth in the projected timeline.
- Growing demand for non-invasive and minimally invasive devices can create lucrative opportunities during the forecast period.
Scope of the Report
The report on the Europe neurology monitoring market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Europe Neurology Monitoring Market- Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Product Types (Magnetic Resonance Imaging (MRI) Devices, Electroencephalography devices, Cerebral Oximeters, Intracranial Pressure Monitors and Others) and Disease Types (Traumatic Brain Injury (TBI), Stroke, Sleep Disorders, Epilepsy, Parkinson's Diseases, and Others)
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Geographical Scope
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The UK, Germany, Italy, France, Poland, and Rest of Europe
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Natus Medical Inc.; GE Healthcare; Nihon Konden Corporation; Koninklijke Philips N.V.; Dragerwerk Ag & Co. Kgaa
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Europe Neurology Monitoring Market Segment Insights
Electroencephalography devices segment to hold a significant market share
Based on product types, the market is divided into magnetic resonance imaging (MRI) devices, electroencephalography devices, cerebral oximeters, intracranial pressure monitors and others. The magnetic resonance imaging (MRI) devices segment is anticipated to hold a key share of the market in the coming years due to its increasing use in disease detection, diagnosis, and treatment monitoring. Moreover, it provides better soft tissue contrast than CT scan. However, the electroencephalography devices segment is anticipated to expand at a rapid pace during the forecast period, as it determines changes in brain activity as it unfolds in real time.
Parkinson's disease segment is expected to grow at a rapid pace
On the basis of disease types, the Europe neurology monitoring market is divided into traumatic brain injury (TBI), stroke, sleep disorders, epilepsy, Parkinson's disease, and others. The traumatic brain injury (TBI) segment is expected to represent a key share of the market in the upcoming years due to growing demand for the management of brain monitoring cases. On the other hand, the Parkinson's disease segment is anticipated to expand at a rapid pace during the forecast period Moreover, the World Aging population report of 2017 suggests that the UK accounted for 23.9% of geriatric population and is expected to increase to 31.5% by 2050.
The UK is estimated to account a significant market share
In terms of geography, the Europe neurology monitoring market is classified as The UK, Germany, Italy, France, Poland, and Rest of Europe. The UK is anticipated to account for a considerable market share due to increasing investment in the healthcare facilities and rising awareness regarding neurology diagnostic services.
Segments
The Europe neurology monitoring market has been segmented on the basis of
Product Types
- Magnetic Resonance Imaging (MRI) Devices
- Electroencephalography devices
- Cerebral Oximeters
- Intracranial Pressure Monitors
- Others
Disease Types
- Traumatic Brain Injury (TBI)
- Stroke
- Sleep Disorders
- Epilepsy
- Parkinson's Disease
- Others
Geography
- The UK
- Germany
- Italy
- France
- Poland
- Rest of Europe
Key Players
- Natus Medical Inc.
- GE Healthcare
- Nihon Konden Corporation
- Koninklijke Philips N.V.
- Dragerwerk Ag & Co. KGaA
Competitive Landscape
Key players competing in the Europe neurology monitoring market includes Natus Medical Inc.; GE Healthcare; Nihon Konden Corporation; Koninklijke Philips N.V.; Dragerwerk Ag & Co. Kgaa
Some of these players are engaging in business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market share.
In 2018, GE Healthcare introduces its SIGNA Premier 3.0T magnetic resonance imaging (MRI) system in Canada.
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