Neurology Patient Monitoring Market Size Worth $7.4 Billion By 2030: Grand View Research, Inc.

Neurology Patient Monitoring Market Size Worth $7.4 Billion By 2030: Grand View Research, Inc.

PR Newswire

SAN FRANCISCO, Jan. 13, 2022

SAN FRANCISCO, Jan. 13, 2022 /PRNewswire/ -- The global neurology patient monitoring market size is anticipated to reach USD 7.4 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 7.0% from 2022 to 2030. Increasing incidences of neurological diseases coupled with a subsequent rise in the number of surgical procedures to treat associated conditions are positively driving the market. In addition, rising cases of road accidents that lead to traumatic brain injuries are also driving the demand for neurology patient monitoring.

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Key Insights & Findings from the report:

Read 115 page market research report, "Neurology Patient Monitoring Market Size, Share & Trends Analysis Report By Application (Trauma, CSF Management, Migraine, Stroke, Hydrocephalus, EEG), By Region, And Segment Forecasts, 2022 - 2030", by Grand View Research

COVID-19 outbreak in 2020, has led to strict implementation of stringent measures to restraint the spread which led to delay of many neurological procedures around the globe. A huge number of medical device manufacturers and providers have been adversely affected during this time. However, the market is expected to rebound and grow considerably over the forecast period, as most of the countries globally have begun easing lockdown measures and resumed some of the elective procedures.

The high incident rate of traumatic brain injuries due to road accidents and sports injuries is among the key factors driving the market for neurology patient monitoring. For instance, according to NCBI in the U.S. about 1.7 million people annually sustain TBI and approximately 1.3 million patients end up in an emergency room. Such incidents are expected to increase the demand for neurology patient monitoring devices, therefore, propelling the market growth during the forecast period.

Moreover, an increase in the prevalence of hemorrhagic stroke among the elderly population is further likely to drive market growth over the forecast period. For instance, according to the WHO, 15.0 million people annually suffer from a stroke, out of which 5.0 million die, and 5.0 million are disabled permanently. Additionally, increase in awareness campaigns such as, in 2021 on World Stroke Day, the WHO launched Precious Time Campaign which focused on awareness regarding stroke, its symptoms, and access to available medical assistance. This, in turn, is influencing the demand for proper diagnosis and treatment, thereby supporting market growth.

Market Segmentation:

Grand View Research has segmented the global neurology patient monitoring market on the basis of application and region:

List of Key Players of Neurology Patient Monitoring Market

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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