North America Neurology Monitoring Market – Growth & Forecast (2024 – 2032)

Published : 30 Aug 2024
Report Type : Regional

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North America Neurology Monitoring Market - Size
Study Period
2018 - 2030
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
CAGR
7 %
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Neurology Monitoring Device is used to monitor neurological patients to prevent ischaemic and mechanical injury to the human nervous system. Rising geriatric population is considered as a prominent factor for the growth of the North America Neurology Monitoring Market.

North America Neurology Monitoring Market Segments Size & Growth:

North America Neurology Monitoring Market size is projected to reach approximately $XX billion by the end of 2024 with a CAGR of close to XX% during the forecast timeline 2018-2024. Advancements in the fields of Neurological research and medicine, availability of numerous treatments for various disorders like nerve repair and regeneration are considered to be few prime leading factors for the growth of Neurology Monitoring Market at a North America level. Moreover, factors like lack of skilled professionals, limited growth and exposure of Neurology monitoring market in few countries and regions and others are considered as challenges for the growth of the market.

North America Neurology Monitoring Market Segments Share:

Depending upon neurological monitoring activities, neurological devices can be segmented as monitors of intracranial pressure & blood flow dynamics and as monitors of brain electrical activity. ICP Monitors, Jugular Venous Oximetry, TCD Sonography, Brain Tissue Oxygen Tension Monitoring, Near Infrared spectroscopy are few among many Types of ICP monitoring. In ICP monitoring process a device is inserted into the head, and a monitor is made to senses the pressure inside the skull which sends measurements to a recording device. Application of ICP Monitoring is vital which includes indications like in care of the head injury, brain tumours, subarachnoid haemorrhage, hydrocephalus and neuro-medical conditions and others. Electroencephalography

North America Neurology Monitoring Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
and Evoked potentials are various approaches to monitors of brain electrical activity. TCD or Transcranial Pressure is a process included to measure the velocity of blood flow across major cerebral blood vessels. There are several clinical advantages of using TCD Monitoring like it can be used as a non-invasive monitor for CBF, used in the assistance of intracranial circulatory status in raised ICP. Jugular Venous Oxygen monitoring contains detailed information about the adequate supply of oxygen. For the monitoring of cerebral blood flow, to validate cerebral blood volume, making a note of regional cerebral oxygen saturation and various cerebral metabolisms Near-Infrared Spectroscopy is used. The process of monitoring in Near-Infrared Spectroscopy is based upon the principle of absorption of near-infrared light by chromophores in the body.

Electroencephalography deals with the electrical activity of the cerebral cortex in the brain. Usage of EEG to prognosticate the outcome of coma, to monitor seizure activity in patients with status epilepticus under the effect of muscle relaxants in ICUs and others are considered as few clinical applications of EEG. Evoked Potentials refer to the electrical responses that get generated in the nervous system as a response to a stimulus. Evoked Potentials are generally used in the diagnosis of neurological conditions, acoustic neuromas, and others. Apart from this, Evoked Potential is even used in various neurosurgical operations like brain stem lesions, pituitary lesions and rest of all. Among all available products, everyone has their significance and value added and hence are knowingly or unknowingly are responsible for the enhancement and growth of the market. North

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North America Neurology Monitoring Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
America is considered to hold the largest market share of Neurological Monitoring owing to rapid advancements and in technologies and healthcare facilities that have been occurred.

North America Neurology Monitoring Market Trends:

  • Alere q Analyzer is a fully automated nucleic acid testing care diagnostic platform is intuitive, easy to use and has got real-time PCR with multiplexing capability.
  • Abbott Laboratories may see a boost from St. Jude’s acquisition: Barron’s

North America Neurology Monitoring Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and Global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The major key players in the North America Neurology Monitoring Market are:

  • AMD North America Telemedicine,
  • InTechnology,
  • Intel Corporation,
  • InTouch Health,
  • Johnson & Johnson,
  • Abbott Laboratories,
  • Alere

Along with these companies, there were many other companies considered/cited in the report while analysing the North America Neurology Monitoring market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.

 

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