Charting Growth: Artificial Intelligence in Neurology Market’s USD Value 48 million in 2023, Outlook by 2030, Backed by a CAGR of 46% – MarkNtel Advisors
Artificial Intelligence in Neurology Market Size, Share, Analysis, Trends Future & Forecast 2030
MarkNtel Advisors who is leading market research company has recently released a report titled “Global Artificial Intelligence in Neurology Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2030”. By offering valuable insights and support for clients navigating this dynamic market, our report tackles essential objectives such as forecasting trends, acquiring a deep understanding of market perspectives, pinpointing strategic investment opportunities, and assessing potential business partnerships. Through a thorough and precise methodology, our goal is to equip clients with the necessary information for making well-informed decisions, empowering them to succeed in the constantly evolving terrain of the Artificial Intelligence in Neurology industry.
Artificial Intelligence in Neurology Market Overview and Analysis
The Global Artificial Intelligence in Neurology Market size is valued at around USD 48 million in 2023 and is estimated to grow at a CAGR of about 46% during the forecast period, i.e., 2024-30. Our research report thoroughly examines the key factors fueling market expansion, providing clients with valuable insights to position themselves and gain a competitive advantage strategically.
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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.
Segments Analyzed Global Artificial Intelligence in Neurology Market Research Report
The Artificial Intelligence in Neurology market exhibits a high level of robustness and fragmentation. To navigate this landscape effectively, we have categorized the market into various segments, including
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)
By Region (North America, South America, Europe, Middle East & Africa, Asia-Pacific)
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Leading Companies Operating in the Global Artificial Intelligence in Neurology Industry:
Given the paramount importance of mergers and partnerships in the realm of Artificial Intelligence in Neurology enterprises, our analysts have adeptly identified and assessed potential business collaborators in the Artificial Intelligence in Neurology market report. According to the findings, key market players include ActivSurgical Inc., Brainomix Limited, Caresyntax Corp, Neosama Inc., ExplORer Surgical Corp., Surgalign Spine Technology Inc., LeanTaaS Inc., Medtronic Plc, Scalpel Limited, Theator Inc., Others. Our research report goes beyond the surface to provide actionable insights into the credibility, dependability, and capabilities of prospective partners. Clients can now make well-informed decisions regarding partnerships, ensuring alignment with their vision and the advancement of business objectives within the Artificial Intelligence in Neurology market.
Future Prospects for the Global Artificial Intelligence in Neurology Market
Considering historical trends, market growth trajectories, consumer preferences, and other influential factors, the ascent of the Artificial Intelligence in Neurology market appears inevitable. The Artificial Intelligence in Neurology market is poised for opportunistic growth during the forecast period of 2024-30, supported by favorable regulations that are expected to propel market players to thrive in the next five years.
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