Artificial Intelligence in Neurology Market Breaking Records with USD 48 million in 2023, Anticipates 46% CAGR Surge Unt

How big is the Global Artificial Intelligence in Neurology market?

According to MarkNtel Advisors study, The Global Artificial Intelligence in Neurology Market size was 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.

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Global Artificial Intelligence in Neurology 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.

Leading Companies in the Global Artificial Intelligence in Neurology market:

ActivSurgical Inc.
Brainomix Limited
Caresyntax Corp
Neosama Inc.
ExplORer Surgical Corp.
Surgalign Spine Technology Inc.
LeanTaaS Inc
Medtronic Plc
Scalpel Limited
Theator Inc.
Others

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Global Artificial Intelligence in Neurology Market Segmentation:

By Indication

Neuro Technology- Market Size & Forecast 2019-2030, USD Million
- Neuro-monitoring- Market Size & Forecast 2019-2030, USD Million
- Neuro-modulation- Market Size & Forecast 2019-2030, USD Million
- Neuro-feedback- Market Size & Forecast 2019-2030, USD Million
- Neuro-pharmacology- Market Size & Forecast 2019-2030, USD Million
- Others- Market Size & Forecast 2019-2030, USD Million
Neurosurgery- Market Size & Forecast 2019-2030, USD Million
- Functional Neurosurgery- Market Size & Forecast 2019-2030, USD Million
- Others- Market Size & Forecast 2019-2030, USD Million

By Application

Screening & Diagnosis - Market Size & Forecast 2019-2030, USD Million
Treatment - Market Size & Forecast 2019-2030, USD Million
Research & Development- Market Size & Forecast 2019-2030, USD Million
Training- Market Size & Forecast 2019-2030, USD Million
Surgical Planning & Rehabilitation- Market Size & Forecast 2019-2030, USD Million
Others- Market Size & Forecast 2019-2030, USD Million

By Type

Oncology- Market Size & Forecast 2019-2030, USD Million
Neurodegeneration- Market Size & Forecast 2019-2030, USD Million
Neurovascular- Market Size & Forecast 2019-2030, USD Million
Traumatic Brain Injury- Market Size & Forecast 2019-2030, USD Million
Spinal Cord Injury- Market Size & Forecast 2019-2030, USD Million

By Technology

Machine Learning (ML) & Deep Learning (DL)- Market Size & Forecast 2019-2030, USD Million
Natural Language Processing (NLP) - Market Size & Forecast 2019-2030, USD Million
Others (Context Aware Computing, Computer Vision) - Market Size & Forecast 2019-2030, USD Million

The extensive adoption of Machine Learning (ML) & Deep Learning (DL) technologies across the Artificial Intelligence in Neurology Market is making it the most prominent segment during 2023 & is poised to flourish in the future years as well.

By Components

Hardware- Market Size & Forecast 2019-2030, USD Million
Software-as-a-Service(SaaS) - Market Size & Forecast 2019-2030, USD Million

By End User

Hospitals- Market Size & Forecast 2019-2030, USD Million
Diagnosis Centers- Market Size & Forecast 2019-2030, USD Million
Others (Surgical Center, Research Center, Clinic) - Market Size & Forecast 2019-2030, USD Million

Regional/ Countries Insight:

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.

Note: Should you require specific information beyond the current scope of the report, we are prepared to furnish it as part of our customization services.

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