Artificial Intelligence in Neurology Market Share, Size & Competitive Landscape Report 2030
Future Artificial Intelligence in Neurology Market: Key Dynamics, Size & Share Analysis
The Global Artificial Intelligence in Neurology Market 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. The market is driven primarily by the growing complexities in making clinical decisions, difficulties in surgeries while distinguishing tumor tissues from healthy ones, rapidly expanding Healthcare Information Technology (HCIT), and the mounting inclination toward patient-centric care. The burgeoning demand for cost-effective, fast & accurate diagnoses, rapid generation of diagnostic data, and efficient report analysis is another crucial aspect likely to drive the market in the coming years.
Top Market Challenges Impacting the Artificial Intelligence in Neurology Market Growth
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.
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Understanding the Core Segments in the Artificial Intelligence in Neurology Market
Artificial Intelligence in Neurology Market Size, Share & Industry Trends Analysis- 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).
Geographical Analysis of the Artificial Intelligence in Neurology Market
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific.
North America is projected to lead the Global Artificial Intelligence in Neurology Market over the forecast years.
Who Dominates the Artificial Intelligence in Neurology Market Insights on Key Industry Players?
Companies are strengthening their presence in the Artificial Intelligence in Neurology market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.
- ActivSurgical Inc.
- Brainomix Limited
- Caresyntax Corp
- Neosama Inc.
- ExplORer Surgical Corp
- Surgalign Spine Technology Inc.
- LeanTaaS Inc.
- Medtronic Plc
- Scalpel Limited
- Theator Inc.
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