Artificial Intelligence in Neurology Market Breakdown By Size, Share, Growth, Trends, and Industry Analysis

 

As per current published report by Markntel Advisors the Artificial Intelligence in Neurology Market is estimated to grow at a CAGR of around 46% during the forecast period, i.e., 2024-30. A detailed discussion of industry behavior is presented. It will assist companies and other stakeholders in making decisions that assure strong earnings in the upcoming years, and also describes the future trend. In order to assist readers in making defensible choices on market projects, this research will offer a useful summary of the market and its dynamic environment. The growth prospects that will enable the market to extend its operations in current markets will be the main focus of this analysis.

 

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Global Artificial Intelligence in Neurology Market Driver

 

Rising Prevalence of Neurological Disorders to Aid in Assisting the Market Growth – The increasing prevalence of neurological diseases worldwide is fueling the need for AI in the market. This is primarily due to the rising prevalence of various neurological conditions, including dementia, migraines, and other related disorders. Due to stress, dietary patterns, and heightened exposure to environmental toxins like lead, mercury, and pesticides, the demand for diagnosis & treatment is ascending across the healthcare market globally, which consequently impacts the innovating technology of diagnosis like AI, eventually the Artificial Intelligence in Neurology Market demand. For instance:

 

·        The World Health Organization (WHO) reported that in 2022, the global count of dementia patients reached approximately 55 million, with 60% of them residing in low & middle-income countries, and these numbers are expected to rise by 10 million cases annually.

Therefore, as the occurrences of neurological disorders continue to surge, it underscores the demand for accurate clinical diagnosis & treatment, which would require AI to interpret patient's data and support the treatment of the disease.

 

The Artificial Intelligence in Neurology Market has segmented the market into the following categories:

 

By Indication

(Neuro-technology [Neuro-monitoring, Neuro-modulation, Neuro-feedback, Neuro-Pharmacology, Other Neuro-technology Indications], Neurosurgery [Functional Neurosurgery,Others]),

 

By Application

(Screening & Diagnosis, Treatment, Research & Development, Training, Surgical Planning and Rehabilitation, Others),

 

By Type

Oncology, Neurodegeneration, Neurovascular, Traumatic Brain Injury, Spinal Cord Injury),

 

By Technology

(Machine Learning and Deep Learning, Natural Language Processing [NLP], Others),

 

By Components

(Hardware, Software-as-a-Service[SaaS]),

 

By End-User

(Hospitals, Diagnosis Centers, Others)

 

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By Region

- North America

- South America

- Europe

- The Middle East & Africa

- Asia-Pacific

 

Competitive Environment Featuring Key Players:

 

ActivSurgical Inc., Brainomix Limited, Caresyntax Corp, Neosama Inc., ExplORer Surgical Corp., Surgalign Spine Technology Inc., LeanTaaS Inc., Medtronic Plc, Scalpel Limited, Theator Inc., Others

 

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-Using Porter's Five Forces approach, provides a thorough examination of the market from a variety of angles.

-Uses the value chain to offer market intelligence.

-The state of the market dynamics and potential for future market expansion

 

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