South America Neurology Monitoring Market Size, Growth 2030
South America Neurology Monitoring Market Size, Growth 2030
Segments - South America Neurology Monitoring Market by Product Types (Electroencephalography Devices, Magnetic Resonance Imaging (MRI) Devices, Cerebral Oximeters, Intracranial Pressure Monitors, and Others), Diseases Types (Sleep Disorders, Parkinson’s Diseases, Traumatic Brain Injury (TBI), and Others), and Geographies ( Brazil, Argentina, and Rest of South America) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
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| Report ID :HC-3804
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Report Description
The South America neurology monitoring market size is expected to grow at a significant CAGR during the forecast period, 2021-2028. The growth of market is attributed to increasing prevalence of neurological diseases such as Parkinson’s diseases, peripheral neuropathy, brain tumors, and epilepsy.
Especially for the patients suffering from neurological diseases specialized monitoring setup is required in the operating room and intensive care units preventing from mechanical and ischemic injury to the nervous system, thus all these system administer the intracranial pressure and the flow of blood, and monitors the activity of the brain which allow the growth of the market in the coming years.
Manufacturers are investing heavily on research and development for product development such as implantable wireless brain devices to treat neurological and psychiatric diseases these devices are majorly used for combating with depression, reducing stress and bipolar disorder, and traumatic brain injuries by effectively manipulating brain signals.
With the COVID-19 outbreak neurological monitoring segment witnessed a massive downfall in the demand curve, the virus outbreak surged the demand for ventilators and the manufacturers are focusing more on meeting the demand for the same, along with the other devices such as respiratory and brain monitoring devices.
The pandemic affected severally on the neurology monitoring business as hospitals primary objective was to setup COVID-19 specific ICU’s accompanied by the temporary shutdown of the production and disrupted supply chain affected the regions globally.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing aging population and demand for medical care is expected to boost the market in the coming years.
- Increasing incidences of neurological diseases such as brain aneurysms, Parkinson’s diseases and more is estimated to propel the market during forecast period.
- Growing application of neurology monitoring in clinical trials is anticipated to drive the market during the projected period.
- Rising demand for non-invasive process by the patients is expected to augments the market during forecast period.
- Rapid growth in healthcare industry in developing market is estimated to fuel the market in the coming years.
- R&D and technological advancement in development of implantable wireless brain devices for the treatment of neurological and psychiatric disease creates lucrative opportunities for the key players in the market.
Scope of the market
The report on the South America 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 |
Details |
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Report Title |
Neurology Monitoring Market – South America Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Product Types (Electroencephalography Devices, Magnetic Resonance Imaging (MRI) Devices, Cerebral Oximeters, Intracranial Pressure Monitors, Others), Diseases Types (Sleep Disorders, Parkinson’s Diseases, Traumatic Brain Injury (TBI), Other Diseases) |
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Geographical Scope |
Brazil, Argentina, and Rest of South America |
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Report Coverage |
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 |
GE Healthcare; Philips Healthcare; Natus Medical, Inc.; Nihon Kohden Corporation; Dragerwerk Ag & Co. Kgaa. |
Market Segment Insights
The electroencephalography devices segment is expected to hold key share of the market
Based on the product types, the market is segregated into electroencephalography devices, magnetic resonance imaging (MRI) devices, cerebral oximeters, intracranial pressure monitors, and others. The electroencephalography devices segment is expected to hold key share of the market during the forecast period due to measure and record the brain activity for effective treatment of sleep apnea, they are typically non-invasive thus demanded heavily, along with surging demand for high quality EEG devices in numerous companies to cater the need of EEG users impelling the market.
The traumatic brain injury (TBI) segment is anticipated to constitute major share of the market
On the basis of diseases types, the market is categorized into sleep disorders, Parkinson’s diseases, traumatic brain injury (TBI), and other diseases. The traumatic brain injury (TBI) segment is anticipated to constitute major share of the market in the coming years owing to growing number of incidence across globe leads to extensive demand for the management of these cases, hence intensive use of neurological monitoring devices are required.
Segments
Segments Covered in the Report
South America neurology monitoring market has been segmented on the basis of
Product types
- Electroencephalography Devices
- Magnetic Resonance Imaging (MRI) Devices
- Cerebral Oximeters
- Intracranial Pressure Monitors
- Others
- Sleep Disorders
- Parkinson’s Diseases
- Traumatic Brain Injury (TBI)
- Other Diseases
- Brazil
- Argentina
- Rest of South America
- GE Healthcare
- Philips Healthcare
- Natus Medical, Inc.
- Nihon Kohden Corporation
- Dragerwerk Ag & Co. Kgaa.
Competitive Landscape
Key players competing in the South America neurology monitoring market include GE Healthcare; Philips Healthcare; Natus Medical, Inc.; Nihon Kohden Corporation; Dragerwerk Ag & Co. Kgaa.
Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares. For instance In July 2020, Philips Healthcare and Biointellisense formed a strategic alliance to enhance remote patients monitoring for at-risk patients from hospitals into the home.
In January 2021, Philips Healthcare sign 5 years technology, research, and innovative partnership to advance patients care.
In June 2021, Nihon Kohden Corporation launched NK network care service program to maximize network systems supporting its patients monitoring and neurology equipments.
Frequently Asked Questions
The report includes market assessment, trends, segmentation by product and disease type, regional analysis, company share, competitive landscape, growth factors, and revenue forecasts.
The report covers Brazil, Argentina, and the Rest of South America.
Key players in the market include GE Healthcare, Philips Healthcare, Natus Medical, Inc., Nihon Kohden Corporation, and Dragerwerk AG & Co. Kgaa.
The traumatic brain injury (TBI) segment is anticipated to constitute a major share of the market due to the rising incidence of TBI cases and the need for intensive neurological monitoring.
Key trends include rising demand for non-invasive monitoring, increased application in clinical trials, technological advancements such as implantable wireless brain devices, and growing healthcare investments in developing markets.
The electroencephalography (EEG) devices segment is expected to hold a key share of the market due to its non-invasive nature and increasing demand for high-quality EEG devices for brain activity monitoring.
The main product segments include electroencephalography (EEG) devices, magnetic resonance imaging (MRI) devices, cerebral oximeters, intracranial pressure monitors, and other related devices.
The COVID-19 pandemic caused a significant decline in demand for neurology monitoring devices as hospitals prioritized COVID-19 ICUs and ventilators, leading to temporary production shutdowns and disrupted supply chains.
The increasing prevalence of neurological diseases such as Parkinson’s disease, peripheral neuropathy, brain tumors, epilepsy, and traumatic brain injury (TBI) is driving the demand for neurology monitoring devices in South America.
The South America neurology monitoring market is expected to grow at a significant CAGR during the forecast period of 2021-2028, driven by increasing prevalence of neurological diseases and advancements in monitoring technologies.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Neurology Monitoring Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Neurology Monitoring Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Neurology Monitoring Market - Supply Chain
4.5. Global Neurology Monitoring Market Forecast
4.5.1. Neurology Monitoring Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Neurology Monitoring Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Neurology Monitoring Market Absolute $ Opportunity
5. Global Neurology Monitoring Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Neurology Monitoring Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Neurology Monitoring Demand Share Forecast, 2019-2026
6. North America Neurology Monitoring Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Neurology Monitoring Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Neurology Monitoring Demand Share Forecast, 2019-2026
7. Latin America Neurology Monitoring Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Neurology Monitoring Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Neurology Monitoring Demand Share Forecast, 2019-2026
8. Europe Neurology Monitoring Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Neurology Monitoring Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Neurology Monitoring Demand Share Forecast, 2019-2026
9. Asia Pacific Neurology Monitoring Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Neurology Monitoring Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Neurology Monitoring Demand Share Forecast, 2019-2026
10. Middle East & Africa Neurology Monitoring Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Neurology Monitoring Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Neurology Monitoring Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Neurology Monitoring Market: Market Share Analysis
11.2. Neurology Monitoring Distributors and Customers
11.3. Neurology Monitoring Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. GE Healthcare
11.4.2. Philips Healthcare
11.4.3. Natus Medical, Inc.
11.4.4. Nihon Kohden Corporation
11.4.5. Dragerwerk Ag & Co. Kgaa.
Methodology
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