South America Neurology Monitoring Market Size (2024 - 2029)

The South America Neurology Monitoring Market is projected to experience growth due to the increasing prevalence of neurological disorders and the aging population. This market expansion is driven by the demand for specialized monitoring systems that are crucial for managing patients with conditions such as brain aneurysms, brain tumors, epilepsy, Parkinson's disease, and peripheral neuropathy. These systems are essential in operating rooms and intensive care units to prevent injuries to the nervous system by monitoring intracranial pressure, blood flow dynamics, and brain electrical activity.

Home Market Analysis Healthcare Research Medical Devices Research Diagnostic Devices Research Clinical Diagnostic Devices Research Monitoring Devices Research South America Neurology Monitoring Market Market Size

Market Size of South America Neurology Monitoring Industry

CAGR
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 321.97 Million
Market Size (2029) USD 403.36 Million
CAGR (2024 - 2029) 4.61 %

Major Players

South America Neurology Monitoring Market Major Players

*Disclaimer: Major Players sorted in no particular order

South America Neurology Monitoring Market Analysis

The South America Neurology Monitoring Market size is estimated at USD 321.97 million in 2024, and is expected to reach USD 403.36 million by 2029, growing at a CAGR of 4.61% during the forecast period (2024-2029).

The key factors propelling the growth of the market are the increasing incidence of neurological disorders and the rising aging population. The increasing incidence of neurological disorders like brain aneurysms, brain tumors, epilepsy, Parkinson's disease, peripheral neuropathy, etc.

Specialized monitoring is been therefore essential in neurological patients in the operating rooms and intensive care units to prevent ischemic and mechanical injury to the nervous system. Hence all these systems monitor the intracranial pressure and blood flow dynamics and monitor the brain's electrical activity, thereby propelling the market growth.

South America Neurology Monitoring Industry Segmentation

As per the scope of the report, neurology monitoring devices are used to monitor and diagnose neurological conditions by exploring the structure and function of the brain. This process involves the use of several brain monitoring devices to track and monitor brain functions. In addition, these devices help monitor neural and electrical activity in the brain.

By Product Type
Magnetic Resonance Imaging (MRI) Devices
Electroencephalography devices
Cerebral Oximeters
Intracranial Pressure Monitors
Others
By Disease Type
Traumatic Brain Injury (TBI)
Sleep Disorders
Parkinson's Disease
Other Diseases
Geography
South America
Brazil
Argentina
Rest of South America
Need A Different Region Or Segment?
Customize Now

South America Neurology Monitoring Market Size Summary

The South America Neurology Monitoring Market is experiencing growth driven by the increasing prevalence of neurological disorders and a rising aging population. Conditions such as brain aneurysms, brain tumors, epilepsy, and Parkinson's disease necessitate specialized monitoring in operating rooms and intensive care units to prevent nervous system injuries. This demand for monitoring systems that track intracranial pressure, blood flow dynamics, and brain electrical activity is propelling market expansion. Electroencephalography (EEG), a key noninvasive method for recording brain activity, is gaining traction due to its application in diagnosing and treating conditions like sleep apnea. The heightened demand for high-quality EEG devices is further fueling market growth, as numerous companies strive to meet the specific needs of users.

The competitive landscape of the South America Neurology Monitoring Market is moderately active, with several major players employing strategies such as agreements, collaborative models, business expansion, and product development to strengthen their market position. Key industry participants include Nihon Kohden Corporation, GE Healthcare, Philips Healthcare, Dragerwerk Ag & Co. Kgaa, and Natus Medical, Inc. These companies are pivotal in driving innovation and meeting the growing demand for advanced neurology monitoring solutions, thereby contributing to the market's anticipated growth trajectory over the forecast period.

Explore More

South America Neurology Monitoring Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Burden of Neurological Disorders and Increasing Incidence of Traumatic Brain Injuries

      2. 1.2.2 Increasing Number of Product Approvals

    3. 1.3 Market Restraints

      1. 1.3.1 High Cost of Monitoring Devices and Shortage of Trained Professionals

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product Type

      1. 2.1.1 Magnetic Resonance Imaging (MRI) Devices

      2. 2.1.2 Electroencephalography devices

      3. 2.1.3 Cerebral Oximeters

      4. 2.1.4 Intracranial Pressure Monitors

      5. 2.1.5 Others

    2. 2.2 By Disease Type

      1. 2.2.1 Traumatic Brain Injury (TBI)

      2. 2.2.2 Sleep Disorders

      3. 2.2.3 Parkinson's Disease

      4. 2.2.4 Other Diseases

    3. 2.3 Geography

      1. 2.3.1 South America

        1. 2.3.1.1 Brazil

        2. 2.3.1.2 Argentina

        3. 2.3.1.3 Rest of South America

South America Neurology Monitoring Market Size FAQs

The South America Neurology Monitoring Market size is expected to reach USD 321.97 million in 2024 and grow at a CAGR of 4.61% to reach USD 403.36 million by 2029.

In 2024, the South America Neurology Monitoring Market size is expected to reach USD 321.97 million.

South America Neurology Monitoring Report Snapshots

South America Neurology Monitoring Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)