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Neurology Diagnostics Devices Market By Product (Electroencephalogram (EEG), fMRI Systems, Optical Topography Systems (fNIRs), CT Scanners, Magnetoencephalography (MEG), Cerebral Oximetry Devices, Neuro-diagnostics Biomarker Tools); By Application (Cognitive Diagnosis, Attention-Deficit/Hyperactivity Disorder (ADHD), Mental Health, Stroke, Concussion, Dementia, PTSD, Other Neurological Diseases); By End User (Neurofeedback Clinics, Neurology Clinics, Hospitals, Neurorehabilitation Centers, Academic and Research Institutes); By Region – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

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Published: | Report ID: 35344 | Report Format : PDF
Historical Period  2019-2022
Base Year  2023
Forecast Period  2024-2032
Neurology Diagnostics Devices Market Size 2023  USD 8,955.23 million
Neurology Diagnostics Devices Market, CAGR  8.56%
Neurology Diagnostics Devices Market Size 2032  USD 21,095 million

Market Overview

The Neurology Diagnostics Devices Market is poised for significant expansion, reflecting a projected surge from USD 8,955.23 million in 2023 to a remarkable USD 21,095 million by 2032, representing a robust compound annual growth rate of 8.56%. This upward trajectory is underpinned by a dynamic landscape fueled by technological advancements and an escalating prevalence of neurological disorders necessitating precise diagnoses. Across the spectrum of neurology diagnostics, from the traditional electroencephalography (EEG) to advanced neuroimaging modalities such as MRI and CT scans, these diagnostic tools serve as critical assets in the early detection, accurate diagnosis, and effective management of neurological conditions, ultimately enhancing patient outcomes.

The increasing global burden of disorders like Alzheimer’s, Parkinson’s, epilepsy, and multiple sclerosis underscores the urgent demand for advanced diagnostic solutions within the Neurology Diagnostics Devices Market. Healthcare providers are increasingly relying on these devices to assess and monitor patients with greater accuracy, driving the growth of this market segment. Furthermore, ongoing technological innovations, including the development of high-resolution imaging systems and the integration of artificial intelligence (AI) for data analysis, are revolutionizing neurological diagnostics. These innovations not only enhance diagnostic accuracy but also improve efficiency and accessibility, thereby expanding market opportunities and driving further growth.

Geographically, North America and Europe lead the Neurology Diagnostics Devices Market, buoyed by well-established healthcare infrastructure and robust research activities in the neurology domain. However, the Asia Pacific region emerges as a significant growth frontier, driven by increasing healthcare investments and a rising prevalence of neurological disorders. Emerging economies such as China, India, and Japan offer particularly lucrative opportunities, attracting market players keen on capitalizing on the growing demand for neurology diagnostics devices. In essence, the Neurology Diagnostics Devices Market is characterized by its dynamic nature, driven by technological innovation and an ever-growing demand for accurate neurological diagnoses, promising continued growth and evolution in the years to come.

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Segmentation Analysis

By Product:

Products such as Electroencephalogram (EEG) systems, fMRI Systems, and CT Scanners provide clinicians with essential tools for assessing brain activity, mapping blood flow changes, and producing detailed cross-sectional images of the brain, respectively. These devices play a pivotal role in early detection, precise diagnosis, and management of conditions like epilepsy, stroke, and Alzheimer’s disease, thereby improving patient outcomes.

By Application:

From cognitive diagnoses to evaluating conditions like Attention-Deficit/Hyperactivity Disorder (ADHD), PTSD, and dementia, these devices facilitate comprehensive assessments and personalized treatment approaches. They also contribute to the monitoring of brain function in mental health disorders, aiding in the identification of biomarkers and guiding therapeutic interventions. Additionally, segmentation by end-user reflects the diverse settings where neurology diagnostics devices are utilized, including neurofeedback clinics, neurology clinics, hospitals, neurorehabilitation centers, and academic institutions.

By End-User:

Neurology clinics integrate a range of diagnostic tools for comprehensive assessments and treatment planning, while hospitals utilize them across various departments to provide comprehensive neurological care. Neurorehabilitation centers employ these devices to assess neurological function, monitor rehabilitation progress, and tailor therapy plans for patients recovering from brain injuries or neurodegenerative diseases. Academic and research institutes leverage neurology diagnostics devices for neuroscience research, clinical trials, and academic training, driving innovation and advancing the field of neurology diagnostics and care.


By Product:

  • Electroencephalogram (EEG)
  • fMRI Systems
  • Optical Topography Systems (fNIRs)
  • CT Scanners
  • Magnetoencephalography (MEG)
  • Cerebral Oximetry Devices
  • Neuro-diagnostics Biomarker Tools

By Application:

  • Cognitive Diagnosis
  • Attention-Deficit/Hyperactivity Disorder (ADHD)
  • Mental Health
  • Stroke
  • Concussion
  • Dementia
  • PTSD
  • Other Neurological Diseases

By End User:

  • Neurofeedback Clinics
  • Neurology Clinics
  • Hospitals
  • Neurorehabilitation Centers
  • Academic and Research Institutes

By Region:

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • The U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Market Drivers

Rising Prevalence of Neurological Disorders

Globally, the prevalence of neurological disorders such as Alzheimer’s disease, Parkinson’s disease, stroke, and multiple sclerosis is witnessing an alarming rise. For instance, it is estimated that over 55 million people have dementia worldwide, with Alzheimer’s disease contributing to 60–70% of cases. In the United States alone, approximately 6.7 million people live with Alzheimer’s disease. In the case of Parkinson’s disease, globally, it is estimated that over 8.5 million individuals have Parkinson’s disease. In the United States, nearly one million people are living with Parkinson’s disease. As for stroke, the global prevalence in 2019 was 101.5 million people. Every year, more than 795,000 people in the United States have a stroke. Regarding multiple sclerosis, there are 2.9 million people living with multiple sclerosis worldwide. Nearly one million adults in the U.S. are currently living with multiple sclerosis. This surge in disease burden underscores the critical need for accurate and efficient diagnostic tools within the Neurology Diagnostics Devices Market. As more individuals are diagnosed with neurological conditions, there is an increasing demand for advanced diagnostic solutions that can facilitate early detection and precise management of these disorders, ultimately improving patient outcomes.

Growing Geriatric Population

The aging demographic presents a significant contributing factor to the escalating prevalence of neurological disorders. For instance, it is estimated that more than 3 billion people worldwide were living with a neurological condition in 2021. With an aging population, there is a higher susceptibility to age-related neurological conditions such as Alzheimer’s disease, stroke, and Parkinson’s disease. As life expectancy increases and the proportion of elderly individuals in the population grows, the market for neurology diagnostics devices is poised for substantial expansion. The heightened vulnerability of the geriatric population to neurological disorders accentuates the necessity for reliable diagnostic tools to address their unique diagnostic and therapeutic needs. This is reflected in the fact that the absolute number of people with neurological disorders requiring care has increased and will continue to grow in the coming decades owing to further reductions in child mortality, increased survival, and life expectancy. This underscores the critical need for advanced diagnostic solutions in the Neurology Diagnostics Devices Market.

Technological Advancements

The field of neurology diagnostics is undergoing continuous evolution, driven by remarkable technological advancements. These innovations are revolutionizing diagnostic capabilities, offering enhanced accuracy, and enabling earlier detection of neurological conditions. Advanced devices such as high-field MRI scanners and sophisticated EEG systems contribute to more precise diagnoses, facilitating timely interventions and improved treatment outcomes. Furthermore, newer technologies like magnetoencephalography (MEG) are introducing minimally invasive or non-invasive diagnostic methods, enhancing patient comfort and safety while reducing risks associated with traditional procedures.

Focus on Early Diagnosis and Intervention

There is a growing emphasis on the importance of early diagnosis and intervention in the management of neurological disorders. Early detection allows for the initiation of treatment plans at the onset of symptoms, potentially slowing disease progression and improving patient quality of life. Neurology diagnostics devices play a pivotal role in achieving early diagnosis by enabling clinicians to accurately assess and monitor patients, identify biomarkers, and tailor treatment strategies based on individual patient characteristics. This proactive approach to neurological care highlights the indispensable role of advanced diagnostic tools in facilitating timely interventions and optimizing patient outcomes.

Increasing Healthcare Expenditure and Growing Awareness

Globally, healthcare expenditure is on the rise, reflecting a growing commitment to addressing healthcare needs, including neurological care. This increased investment translates to more resources allocated for the diagnosis and treatment of neurological disorders, potentially leading to greater adoption of advanced neurology diagnostics devices. Moreover, heightened public awareness of neurological disorders and government initiatives promoting early screening programs further contribute to the growing demand for accessible and efficient diagnostic tools. As awareness increases and screening programs become more widespread, the Neurology Diagnostics Devices Market is expected to witness sustained growth, driven by a combination of increased healthcare spending and greater public awareness of neurological health.

Market Trends

Shift Towards Artificial Intelligence (AI) Integration:

Improved Diagnostic Accuracy: Artificial intelligence (AI) algorithms are revolutionizing neurology diagnostics by analyzing complex medical images, such as MRI and CT scans, and EEG data. For instance, AI-driven platforms like NeuraLight are being developed to accelerate and improve drug development and patient monitoring for neurological disorders using oculometric data captured with a standard webcam or smartphone. These algorithms have the capability to detect subtle abnormalities that may go unnoticed by the human eye, leading to significantly improved diagnostic accuracy in identifying neurological conditions.

Streamlined Workflows: AI integration in neurology diagnostics streamlines workflows by automating tasks like image analysis and data interpretation. For example, AI data analysis refers to the sophisticated use of artificial intelligence, particularly machine learning (ML) and deep learning (DL), to interpret complex datasets. By reducing the time and effort required for these processes, neurologists can allocate more of their time and expertise to complex cases and patient interaction, ultimately enhancing overall efficiency and productivity in healthcare settings.

Rise of Point-of-Care (POC) Devices:

The market is experiencing a rise in the development and adoption of portable and user-friendly point-of-care (POC) devices for neurology diagnostics. For instance, healthcare technology company Hyperfine has developed a point-of-care (POC) magnetic resonance imaging (MRI) system that is 20 times less costly, uses 35 times less power, and is 10 times lighter than current MRI machines. These devices enable on-site testing in settings such as emergency rooms, clinics, or even at a patient’s bedside, significantly enhancing the accessibility of neurological testing. This trend is particularly beneficial for patients in remote areas or those with mobility limitations who may face challenges accessing traditional diagnostic facilities. For example, tele-neuropsychology has emerged as a viable method for assessing memory in online settings, providing a valuable tool for individuals in remote areas. Similarly, remote assessment of cognition has been developed over the past two decades and expanded rapidly following the onset of the global COVID-19 pandemic. This has allowed for the evaluation of cognitive health in a wide range of populations, including those with mobility limitations. These advancements underscore the critical role of innovative diagnostic tools in enhancing accessibility and improving patient outcomes in neurology.

Telemedicine Integration:

Telemedicine is increasingly integrated into neurology diagnostics, facilitating remote consultations with neurologists for interpreting test results and providing guidance on treatment plans. This integration enhances access to specialist care, particularly in underserved areas where access to neurologists may be limited. By leveraging telemedicine, healthcare providers can bridge geographical barriers and ensure that patients receive timely and expert neurological care regardless of their location.

Personalized Medicine and Biomarkers:

There is a growing focus on personalized medicine in neurology diagnostics, driven by the identification of specific biomarkers for neurological diseases. These biomarkers enable the development of personalized diagnostic tests and treatment approaches tailored to individual patient needs, leading to more targeted and effective interventions. By incorporating personalized medicine principles into neurology diagnostics, healthcare providers can optimize patient outcomes and improve overall healthcare quality.

Non-Invasive Brain Imaging Techniques:

Advancements in non-invasive brain imaging techniques, such as functional magnetic resonance imaging (fMRI), are transforming neurology diagnostics by providing valuable insights into brain function. These techniques play a crucial role in improving the diagnosis of neurological disorders related to cognitive decline or behavioral changes, enabling more accurate and comprehensive assessments of neurological conditions.

Focus on Cost-Effectiveness:

In response to increasing healthcare costs, there is a growing emphasis on developing cost-effective solutions in neurology diagnostics. This trend involves the development of more affordable neurology diagnostic devices and the optimization of testing procedures to reduce overall healthcare expenditures. By prioritizing cost-effectiveness, healthcare providers can ensure that neurology diagnostics remain accessible and sustainable, ultimately benefiting patients and healthcare systems alike.

Market Restraints and Challenges

High Cost of Devices:

Accessibility Barrier: The acquisition and maintenance costs associated with neurology diagnostic equipment, particularly advanced modalities like high-field MRI scanners and magnetoencephalography (MEG) devices, pose significant financial challenges for healthcare facilities. The substantial initial investment required for these cutting-edge technologies can be prohibitive for smaller hospitals or clinics with limited financial resources. As a result, access to advanced neurology diagnostics may be restricted, particularly in underserved areas where healthcare infrastructure is less robust.

Budgetary Constraints: The high cost of neurology diagnostic devices creates budgetary constraints for healthcare providers, affecting their ability to invest in state-of-the-art equipment. Limited funding may force healthcare facilities to prioritize other essential expenses, such as staffing and infrastructure maintenance, over investments in diagnostic technology. Consequently, patients may experience delays in accessing advanced diagnostic services or may need to travel to larger medical centers for specialized neurology care, leading to potential disparities in healthcare access and outcomes.

Reimbursement Challenges:

Complex Reimbursement Landscape: Reimbursement rates for neurology diagnostic procedures are often complex and may not adequately cover the full cost of the tests. Healthcare providers may face challenges in navigating reimbursement processes, leading to delays or denials in reimbursement claims. Inadequate reimbursement rates can strain healthcare providers’ financial viability and impact their ability to invest in advanced diagnostic technologies. Additionally, patients may face financial burdens associated with out-of-pocket expenses for neurology diagnostics, potentially limiting their access to essential diagnostic services.

Financial Pressure on Healthcare Providers: The discrepancy between reimbursement rates and the actual cost of neurology diagnostic procedures creates financial pressure on healthcare providers. Inadequate reimbursement may lead to reduced profitability for healthcare facilities, affecting their ability to sustain operations and invest in quality improvement initiatives. Healthcare providers may be compelled to optimize resource utilization and explore alternative revenue streams to offset financial losses associated with neurology diagnostics.

Shortage of Skilled Professionals:

Workforce Shortages: Operating and interpreting results from sophisticated neurology diagnostic devices require a skilled workforce, including neurologists, technicians, and technologists. However, there is a growing shortage of qualified personnel in the neurology field, particularly in certain regions or specialties. The scarcity of skilled professionals may result in staffing challenges for healthcare facilities, leading to delays in scheduling diagnostic procedures and increased workloads for existing staff. Moreover, workforce shortages may compromise the quality and efficiency of neurology diagnostics, impacting patient care outcomes.

Educational and Training Initiatives: Addressing workforce shortages in neurology diagnostics requires comprehensive educational and training initiatives to equip healthcare professionals with the necessary skills and expertise. Healthcare organizations, academic institutions, and professional associations may collaborate to develop specialized training programs and certification courses for neurology diagnostic professionals. By investing in workforce development initiatives, healthcare stakeholders can mitigate the impact of workforce shortages and ensure the availability of qualified personnel to meet the growing demand for neurology diagnostics.

Key Players

  • Boston Scientific Corporation
  • Stryker Corporation
  • Braun Melsungen AG
  • Medtronic PLC
  • Abbott Laboratories
  • Integra Lifesciences
  • LivaNova PLC

Recent Developments

  • In April 2022, Abbott launched an upgraded version of its digital health app, NeuroSphere myPath. The app’s functionality has been enhanced so that it may better assist physicians in monitoring their patients as they utilize Abbott neurostimulation devices to treat their chronic pain.
  • In January 2022, the Tianjin Normal University (TJNU) was awarded Compumedics Limited’s first MEG contract in Asia. Over time, the installation of the new MEG system will build a strong centre of expertise for Compumedics in the significant and quickly expanding Chinese neurosciences industry.

Regional Analysis

North America

North America dominates the global neurology diagnostics devices market, accounting for over 35% of the total market share. The region’s dominance can be attributed to several factors, including the presence of major market players, well-established healthcare infrastructure, and a high prevalence of neurological disorders. The United States, in particular, holds the largest market share within the region, driven by favorable reimbursement policies, increasing healthcare expenditure, and a growing geriatric population susceptible to neurological conditions.

Furthermore, the region boasts a strong focus on research and development activities, leading to the introduction of technologically advanced neurology diagnostics devices. Key players in this market include Siemens Healthineers, GE Healthcare, and Philips Healthcare, among others. These companies continuously invest in product innovation and strategic collaborations to maintain their market presence.


Europe represents the second-largest market for neurology diagnostics devices, capturing approximately 25% of the global market share. Countries such as Germany, France, and the United Kingdom contribute significantly to the region’s market growth. The presence of advanced healthcare systems, coupled with increasing awareness about neurological disorders and their diagnostic procedures, drives the demand for neurology diagnostics devices in this region.

Moreover, the European market benefits from favorable government initiatives and reimbursement policies that support the adoption of advanced medical devices. Leading companies in the European neurology diagnostics devices market include Siemens Healthineers, Philips Healthcare, and Hitachi Medical Systems. These players focus on developing innovative products and expanding their geographical footprint to capture a larger market share.


The Asia-Pacific region is expected to witness the highest growth rate in the neurology diagnostics devices market during the forecast period. This region currently accounts for nearly 20% of the global market share. Factors fueling market growth in the Asia-Pacific include rapidly improving healthcare infrastructure, increasing disposable incomes, and a growing geriatric population prone to neurological disorders.

Countries like China, India, and Japan are key contributors to the region’s market growth. In addition, the presence of a large patient pool and rising awareness about advanced diagnostic procedures further drive the demand for neurology diagnostics devices in the Asia-Pacific region. Major players operating in this market include Siemens Healthineers, GE Healthcare, and Philips Healthcare, among others.

Latin America

The Latin American neurology diagnostics devices market accounts for approximately 10% of the global market share. The region’s market growth is primarily driven by factors such as improving healthcare infrastructure, increasing healthcare expenditure, and the rising prevalence of neurological disorders.

Brazil and Mexico are the major contributors to the Latin American market, owing to their large patient populations and increasing adoption of advanced medical devices. However, the market’s growth is somewhat hindered by limited access to healthcare facilities in certain regions and the high cost of neurology diagnostics devices. Key players operating in the Latin American market include Siemens Healthineers, GE Healthcare, and Philips Healthcare.

Middle East and Africa

The Middle East and Africa region currently holds the smallest share of the global neurology diagnostics devices market, accounting for around 10% of the total market. However, the region is expected to witness significant growth in the coming years, driven by factors such as improving healthcare infrastructure, increasing investments in healthcare facilities, and rising awareness about neurological disorders and their diagnostic procedures.

Countries like Saudi Arabia, the United Arab Emirates, and South Africa are the major contributors to the region’s market growth. However, the market’s expansion is hindered by limited access to advanced healthcare facilities in certain regions and the high cost of neurology diagnostics devices. Major players operating in the Middle East and Africa market include Siemens Healthineers, GE Healthcare, and Philips Healthcare.

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Future Outlook

  1. Continued Technological Advancements: Expect ongoing innovations in neurology diagnostics devices, enhancing accuracy and efficiency in diagnosing neurological disorders.
  2. Increasing Adoption of Artificial Intelligence: AI integration will become more prevalent, aiding in data analysis, image interpretation, and diagnostic decision-making.
  3. Expansion of Point-of-Care Testing: The market will witness a rise in portable and user-friendly diagnostic devices, enabling on-site testing and improving accessibility to neurological diagnostics.
  4. Growth in Telemedicine Services: Telemedicine will play a crucial role in expanding access to neurology specialists, facilitating remote consultations and diagnostic interpretation.
  5. Emphasis on Personalized Medicine: The focus will shift towards tailored diagnostic approaches, leveraging biomarkers and patient-specific data for customized treatment strategies.
  6. Addressing Workforce Shortages: Efforts will be made to bridge the gap in skilled professionals, ensuring adequate staffing for operating and interpreting results from sophisticated diagnostic devices.
  7. Enhanced Data Security Measures: With the increasing digitization of patient data, robust cybersecurity protocols will be prioritized to safeguard sensitive information from breaches.
  8. Geographical Expansion in Emerging Markets: Market players will explore opportunities in developing regions, aiming to address unmet diagnostic needs and expand their global presence.
  9. Regulatory Compliance and Standards: Adherence to evolving regulatory requirements will remain paramount, driving manufacturers to ensure compliance and quality assurance in neurology diagnostics devices.
  10. Collaboration and Partnerships: Expect increased collaboration between industry stakeholders, healthcare providers, and research institutions to drive innovation, address challenges, and advance the field of neurology diagnostics.

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Frequently Asked Questions:

What factors are driving the growth of the Neurology Diagnostics Devices Market?

The Neurology Diagnostics Devices Market is experiencing significant expansion due to several key factors. These include technological advancements, increasing prevalence of neurological disorders, growing geriatric population, emphasis on personalized medicine, and rising healthcare expenditure.

What are the primary segments of the Neurology Diagnostics Devices Market?

The market segmentation encompasses product types such as Electroencephalogram (EEG) systems, fMRI Systems, Optical Topography Systems (fNIRs), CT Scanners, Magnetoencephalography (MEG), Cerebral Oximetry Devices, and Neuro-diagnostics Biomarker Tools. Additionally, segmentation is based on applications like cognitive diagnosis, stroke, mental health, and end-users including hospitals, neurorehabilitation centers, and academic institutes.

How are technological advancements impacting neurology diagnostics?

Technological innovations, including AI integration, point-of-care testing, and telemedicine, are revolutionizing neurology diagnostics. These advancements enhance accuracy, streamline workflows, and improve accessibility to diagnostic tools, ultimately leading to better patient outcomes and more efficient healthcare delivery.

What are the major challenges faced by the Neurology Diagnostics Devices Market?

The market faces challenges such as the high cost of devices, reimbursement complexities, shortage of skilled professionals, data security concerns, and limited availability in remote areas. These challenges impact accessibility, affordability, and the overall effectiveness of neurology diagnostics.

What is the future outlook for the Neurology Diagnostics Devices Market?

Looking ahead, the market is poised for continued growth driven by ongoing technological advancements, increasing adoption of AI, expansion of point-of-care testing, emphasis on personalized medicine, and collaboration among industry stakeholders. Regulatory compliance, workforce development, and geographical expansion in emerging markets will also shape the market’s trajectory in the coming years.

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