The requirement for neurology patient monitoring is growing due to the increasing incidence of neurological disorders, growing road accidents that result in traumatic brain injuries, as well as the launch of technologically improved products across the market. In addition, the effective growth in technical advancements, growth in the prevalence of chronic syndromes, the growth in the number of surgical processes, and an uptick in the aging populace are proficient aspects propelling the growth.
According to the National Center for Biotechnology Information, nearly 1.5 million individuals across the United States suffer from TBI each year, with 1.2 million of those patients ending up in an emergency room. As a result of these incidences, the requirement for neurology patient monitoring devices is probable to augment, fostering market growth during the review period.
According to the report analysis, ‘Global Neurology Patient Monitoring Market Size, Share & Trends Analysis By Product, By Production Technology, Regional Outlook, Competitive Strategies and Segment Forecasts to 2030’ states that the global burden of neurological disorders likewise Alzheimer’s disease, epilepsy, has significantly grown becoming a leading cause for disability and death. The significant growth in the number of patients with neurological disorders with pursues to augment during the coming years with the growing geriatric population.
The key players in the neurology patient monitoring market are employed in acquisitions and product launches. Some of the key companies functioning in the neurology patient monitoring market involve Siemens Healthineers, Compumedics, Integra LifeSciences Corporation, NeuroWave Systems, Inc, GE Healthcare, Natus Medical, Inc., Nihon Kohden Corporation, Philips Healthcare, Compumedics Ltd, Medtronic, Cadwell Industries, Nonin Medical, Inc., and Spiegelberg GmbH & Co. KG.
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In addition, medical device manufacturing companies are more focused to encounter the surging demand for ventilators along with other respiratory devices instead of neurology monitoring devices. Therefore, the pandemic had a negative impact on neurology monitoring devices. However, as lockdown limitations as lifted in most of the regions, supply chains and introducing hubs of most healthcare companies, involving neurology patient monitoring, are predicted to work proficiently and smoothly over the review duration. The growing incidence of stroke, due to lifestyle transforms is one of the leading aspects underwriting the growth of the market for neurology patient monitoring.
According to the Society of Vascular and Interventional Radiology, a stroke damages nearly 15 million individuals around the globe every year, killing nearly 4.5 million individuals, and costing the U.S. Department for Health and Human Services nearly US$ 100+ billion annually. Owing to an augment in the senior population and the popularity of home care settings, immense sign monitor sales around Europe are projected to enlarge. The requirement for neurological patient monitors in ICUs around this region is predicted to augment as the requirement for critical care augments. The growing frequency of chronic diseases in East Asia and South Asia is further projected to augment the requirement for patient monitoring systems around these locations. The augmented aim on healthcare infrastructure in nations likewise India and China is projected to have a proficient impact on the requirement for multi-parameter patient monitoring systems.
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Neurology Patient Monitoring Market Share
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Smith Williams, Business Consultant – USA
SPER Market Research
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