Neurology Market Size, Share, Trends & Competitive Analysis By Type: Neurostimulation Devices, Neurodiagnostic Devices, Neurointerventional Devices, Neurosurgical Devices By Application: Parkinson's Disease, Epilepsy, Alzheimer's Disease, Stroke, Chronic Pain, Depression and Anxiety Disorders, Traumatic Brain Injury, Other Neurological Disorders By End User: By Regions, and Industry Forecast, Global Report 2024-2032

The global Neurology Market size was valued at USD 3.27 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 7.2% during the forecast period, reaching a value of USD 5.89 billion by 2030.

Neurology Market research report by Future Data Stats, offers a comprehensive view of the Market's historical data from 2019 to 2022, capturing trends, growth patterns, and key drivers. It establishes 2023 as the base year, analyzing the Market landscape, consumer behavior, competition, and regulations. Additionally, the report presents a well-researched forecast period from 2024 to 2032, leveraging data analysis techniques to project the Market's growth trajectory, emerging opportunities, and anticipated challenges.


Neurology is the branch of medicine concerned with the study and treatment of disorders of the nervous system. It encompasses a wide range of conditions affecting the brain, spinal cord, nerves, and muscles. Neurologists are specialized physicians who diagnose and manage these disorders, utilizing various diagnostic tests and treatment modalities to help patients achieve optimal neurological health.

Understanding neurology is crucial for addressing conditions such as epilepsy, stroke, multiple sclerosis, Alzheimer's disease, and Parkinson's disease. By investigating the structure and function of the nervous system, neurologists can identify abnormalities and develop personalized treatment plans. Additionally, advancements in neurology research continue to uncover new insights into brain function and potential therapies for neurological disorders, improving outcomes and quality of life for patients worldwide.


The advancements in technology, increasing prevalence of neurological disorders, and growing demand for innovative treatment options. Technological advancements such as neuroimaging techniques and minimally invasive procedures have revolutionized the diagnosis and management of neurological conditions, leading to improved patient outcomes. Moreover, the rising incidence of neurological disorders, including Alzheimer's disease, Parkinson's disease, and stroke, has created a significant demand for neurology products and services globally.

However, the high cost associated with neurology treatments can limit access to care for many patients, especially in developing regions. Additionally, the complex nature of neurological disorders poses challenges in drug discovery and development, leading to longer development timelines and higher failure rates. Despite these restraints, the neurology market presents opportunities for growth, particularly in the development of novel therapies, personalized medicine approaches, and expansion into emerging markets with unmet medical needs.



Among these types, neurostimulation devices play a pivotal role in treating various neurological conditions by modulating the activity of the nervous system. These devices, including deep brain stimulation (DBS) and spinal cord stimulation (SCS) systems, offer therapeutic benefits for patients suffering from chronic pain, movement disorders, and psychiatric conditions, driving their widespread adoption and contributing significantly to the growth of the neurology market.

In addition to neurostimulation devices, neurodiagnostic devices are essential tools for diagnosing and monitoring neurological disorders. These devices, such as electroencephalography (EEG) and electromyography (EMG) systems, enable healthcare providers to assess brain function, detect abnormalities, and tailor treatment plans accordingly. The growing demand for accurate and non-invasive diagnostic solutions underscores the importance of neurodiagnostic devices in driving advancements in neurological care and expanding the neurology market.

Furthermore, neurointerventional and neurosurgical devices play critical roles in the treatment of neurovascular and neurosurgical conditions, respectively. Neurointerventional devices, including stents, embolic coils, and thrombectomy devices, are used in minimally invasive procedures to treat strokes, aneurysms, and other cerebrovascular disorders. On the other hand, neurosurgical devices such as neuroendoscopes, cranial fixation devices, and stereotactic systems facilitate precise surgical interventions for brain and spinal cord tumors, traumatic injuries, and other neurosurgical conditions.


Driving advancements in the diagnosis, treatment, and management of neurological conditions. Parkinson's disease, characterized by motor symptoms such as tremors and stiffness, represents a significant segment of the neurology market. The development of innovative therapies such as deep brain stimulation (DBS) and levodopa-carbidopa intestinal gel (LCIG) infusion has transformed the management of Parkinson's disease, offering patients improved symptom control and quality of life.

Epilepsy, a neurological disorder characterized by recurrent seizures, also plays a pivotal role in shaping the neurology market landscape. The introduction of antiepileptic drugs (AEDs) and neuromodulation devices has revolutionized the treatment of epilepsy, providing patients with more effective seizure management options and reducing the burden of medication side effects. Moreover, ongoing research efforts focus on developing novel therapies such as gene therapy and targeted drug delivery systems to address refractory epilepsy and improve treatment outcomes.

Alzheimer's disease, a progressive neurodegenerative disorder leading to cognitive decline and memory loss, represents another significant segment of the neurology market. Despite the lack of disease-modifying treatments, the market continues to witness advancements in diagnostic biomarkers, disease-modifying therapies, and non-pharmacological interventions aimed at delaying disease progression and improving patient care. Additionally, the neurology market encompasses applications such as stroke, chronic pain, depression, anxiety disorders, traumatic brain injury, and other neurological disorders, each contributing to the overall growth and evolution of neurological care.


Hospitals represent a significant end-user segment in the neurology market, providing a wide range of neurological services, including diagnosis, treatment, and rehabilitation. With state-of-the-art facilities and multidisciplinary teams, hospitals cater to the diverse needs of patients with neurological disorders, offering specialized care and advanced treatment modalities.

Ambulatory surgical centers (ASCs) also contribute to the neurology market by providing outpatient neurosurgical procedures and interventions. These facilities offer convenience, cost-effectiveness, and personalized care to patients undergoing neurosurgical treatments, such as spinal surgeries, neuroendovascular procedures, and minimally invasive interventions. By focusing on efficiency and patient-centered care, ASCs play a vital role in meeting the growing demand for neurosurgical services and expanding access to specialized treatments.

Neurology clinics serve as essential hubs for neurological care, offering comprehensive evaluation, management, and follow-up services for patients with various neurological conditions. With a focus on continuity of care and patient education, neurology clinics play a crucial role in disease management, symptom control, and rehabilitation, enhancing patient outcomes and quality of life. Additionally, diagnostic centers and research institutes contribute to the neurology market by facilitating early diagnosis, innovative research, and the development of new therapies and interventions.


North America leads the global neurology market, attributed to factors such as advanced healthcare infrastructure, high prevalence of neurological disorders, and significant investments in research and development. The region boasts a robust network of neurology clinics, research institutes, and hospitals, offering cutting-edge treatments and diagnostic technologies. Additionally, favorable reimbursement policies and government initiatives aimed at improving neurological care further drive market growth in North America.

Europe follows closely behind in the neurology market, characterized by a strong emphasis on research and innovation, as well as a growing geriatric population. Countries within the region prioritize neurological health, leading to the adoption of novel therapies and diagnostic techniques. Moreover, collaborations between academia, industry, and healthcare providers contribute to advancements in neurology research and clinical practice.


  • Medtronic
  • Abbott Laboratories
  • Boston Scientific Corporation
  • Siemens Healthineers
  • GE Healthcare
  • Philips Healthcare
  • Johnson & Johnson
  • Stryker Corporation
  • B. Braun Melsungen AG
  • Integra LifeSciences Holdings Corporation
  • LivaNova PLC
  • Nevro Corporation
  • Elekta AB
  • Penumbra, Inc.
  • Nihon Kohden Corporation
  • Magstim Company Limited
  • Natus Medical Incorporated
  • Terumo Corporation
  • Smith & Nephew plc
  • Toshiba Medical Systems Corporation
  • Fujifilm Holdings Corporation
  • Hitachi Medical Corporation
  • NeuroPace, Inc.
  • Masimo Corporation
  • Karl Storz GmbH & Co. KG

Table of Contents
Executive Summary
Market Overview
Market Dynamics
Neurology Market Segmentation
By Type
By Application
By End User
By Geography
Competitive Landscape
Key Players Analysis
Future Outlook

Neurology Market Segmentation

By Type:

  • Neurostimulation Devices
  • Neurodiagnostic Devices
  • Neurointerventional Devices
  • Neurosurgical Devices

By Application:

  • Parkinson's Disease
  • Epilepsy
  • Alzheimer's Disease
  • Stroke
  • Chronic Pain
  • Depression and Anxiety Disorders
  • Traumatic Brain Injury
  • Other Neurological Disorders

By End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Neurology Clinics
  • Diagnostic Centers
  • Research Institutes

By Geography:

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Columbia, Rest of South America)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

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With a collective industry experience of about 70 years of analysts and experts, Future Data Stats encompasses the most infallible research methodology for its market intelligence and industry analysis. Not only does the company dig deep into the innermost levels of the market, but also examines the minutest details for its market estimates and forecasts.

This approach helps build a greater market-specific view of size, shape, and industry trends within each industry segment. Various industry trends and real-time developments are factored into identifying key growth factors and the future course of the market. The research proceeds are the results of high-quality data, expert views & analysis, and valuable independent opinions. The research process is designed to deliver a balanced view of the global markets and allows stakeholders to make informed decisions, to attain their highest growth objectives.

Future Data Stats offers its clients exhaustive research and analysis, based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models distill the data & statistics and enhance the accuracy of our recommendations and advice.

With Future Data Stats calibrated research process and 360° data-evaluation methodology, the clients receive:

  • Consistent, valuable, robust, and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through a well-audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of the marketplace

With this strong methodology, Future Data Stats ensures that its research and analysis is most reliable and guarantees sound business planning.

The research methodology of the global market involves extensive primary and secondary research. Primary research includes about 24 hours of interviews and discussions with a wide range of stakeholders that include upstream and downstream participants. Primary research typically is a bulk of our research efforts, coherently supported by extensive secondary research. Over 3000 product literature, industry releases, annual reports, and other such documents of key industry participants have been reviewed to obtain a better market understanding and gain enhanced competitive intelligence. In addition, authentic industry journals, trade associations’ releases, and government websites have also been reviewed to generate high-value industry insights.

Primary Research:

Primary Research


Desk Research


Company Analysis


•       Identify key opinion leaders

•       Questionnaire design

•       In-depth Interviews

•       Coverage across the value chain


•       Company Website

•       Company Annual Reports

•       Paid Databases

•       Financial Reports


•       Market Participants

•       Key Strengths

•       Product Portfolio

•       Mapping as per Value Chain

•       Key focus segment


Primary research efforts include reaching out to participants through emails, telephonic conversations, referrals, and professional corporate relations with various companies that make way for greater flexibility in reaching out to industry participants and commentators for interviews and discussions.

The aforementioned helps to:

  • Validate and improve data quality and strengthen the research proceeds
  • Develop a market understanding and expertise
  • Supply authentic information about the market size, share, growth, and forecasts

The primary research interview and discussion panels comprise experienced industry personnel.

These participants include, but are not limited to:

  • Chief executives and VPs of leading corporations specific to an industry
  • Product and sales managers or country heads; channel partners & top-level distributors; banking, investments, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research:

A broad array of industry sources for the secondary research typically includes, but is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor  presentations for a competitive scenario and shape of the industry
  • Patent and regulatory databases to understand technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles, web-casts, and other related releases to evaluate the market
  • Internal and external proprietary databases, key market indicators, and relevant press releases for  market estimates and forecasts



•       Top executives of end-use industries

•       C-level executives of the leading Parenteral Nutrition companies

•       Sales manager and regional sales manager of the Parenteral Nutrition companies

•       Industry Consultants

•       Distributors/Suppliers


•       Annual Reports

•       Presentations

•       Company Websites

•       Press Releases

•       News Articles

•       Government Agencies’ Publications

•       Industry Publications

•       Paid Databases


Analyst Tools and Models:



·         Arriving at
Global Market Size

·         Arriving at
Market Size

·         Market Share
of Key Players

·         Key Market Players

·         Key Market Players

·         Market Share
of Key Players

·         Arriving at
Market Size

·         Arriving at
Global Market Size


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