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.
1. MARKET RESEARCH REPORT
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2. Company
Overviews
MarkNtel Advisors is a leading consulting, data analytics, and
market research firm that provides an extensive range of strategic
reports on diverse industry verticals. We being a qualitative &
quantitative research company, strive to deliver data to a
substantial & varied client base, including multinational
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years and have conducted multi-industry research across 80+
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many countries across the regional scale, namely, the US, India,
the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
3. OurVisionand
Mission
We help our investors to establish robust strategies for the
implementation of best practices to overcome challenges & tap new
opportunities for their growth in the industry. Our goal is to benefit
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We understand that making durable, substantial, and unique
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Our Vision Our Mission
4. Market Insights
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.
5. 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.
6. Market Segments
• 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)
8. MarkNtel Advisors Target
Geographies- Focus
Areas
MarkNtel has strategically defined its target areas which are based on
evaluation by its analysts after analysing the growth potential of various
regions. Few of those parameters include:
-Political, Economic, Social, Technological and Environmental Analysis
-Credit Ratings provided by leading institutions
-GDP projections by bodies such as the World Bank, IMF, OECD, etc.
-Market Disruptions and the “Next Big Things”
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Various Techniques to Deliver
Holistic Solutions
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reports
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• Industry associations
& trade data
• In-depth stakeholder
interviews
• Consumer surveys
• Mystery surveys
• Expert interviews
• Internal CRM/sales
data
• Social media data
• Data modelling for
forecasting and market
sizing
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