Market Research Report

Global Artificial Intelligence in Neurology Market Research Report: Forecast (2024-2030)

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), By Company (ActivSurgical Inc., Brainomix Limited, Caresyntax Corp, Neosama Inc., ExplORer Surgical Corp., Surgalign Spine Technology Inc., LeanTaaS Inc., Medtronic Plc, Scalpel Limited, Theator Inc., Others) Read more

  • Healthcare
  • Nov 2023
  • 234
  • HC22077

Market Definition

Artificial Intelligence is a persuasive area of computer science with massive potential to transform medical practice radically & enhance the performance of the healthcare sector. With AI, neurologists can simulate & access in-depth data about the process of impulse formation & transfer throughout the body. It is enabling medical professionals to speed up the research process & reduce errors.

Market Insights & Analysis: Global Artificial Intelligence in Neurology Market (2024-30):

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.

Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-30) 46%
Regions Covered North America: USA, Canada, Mexico
Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
Asia-Pacific: China, Japan, India, South Korea, Australia, Rest of Asia Pacific
South America: Brazil, Rest of South America
Middle East & Africa: 
Key Companies Profiled ActivSurgical Inc., Brainomix Limited, Caresyntax Corp, Neosama Inc., ExplORer Surgical Corp., Surgalign Spine Technology Inc., LeanTaaS Inc., Medtronic Plc, Scalpel Limited, Theator Inc., Others
Market Value (2023) USD 48 Million

 

AI-powered remote monitoring devices and telemedicine solutions have become indispensable components of neurology care. These technologies enable healthcare providers to maintain continuous surveillance of patients' neurological conditions, leading to enhanced disease management. Owing to this, the healthcare sector's increasing adoption of AI-powered solutions for diagnostics & monitoring solutions for neurology cases is driving the demand for AI in neurology.

Furthermore, the prominence of AI-driven treatment personalization in neurology is continuously growing. AI algorithms can examine an individual patient's unique genetic profile, medical history, and lifestyle choices, allowing for the customization of treatment plans. This minimizes the potential side effects and optimizes therapeutic outcomes. Hence, these developments present significant opportunities and are poised to have a profound impact on the future growth of the Artificial Intelligence in Neurology Market.

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. 

Global Artificial Intelligence in Neurology Market Research Report: Forecast (2024-2030)

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.

Global Artificial Intelligence in Neurology Market Opportunity

Personalized Treatment Creating Opportunity for AI's in Enhancing Neurology Care – Treatment personalization through AI presents a significant market opportunity in the field of neurology. As AI continues to advance, it can effectively analyze vast datasets, including genetic information, to create highly customized treatment plans for patients with neurological disorders. This level of personalization holds immense potential for improving patient outcomes & reducing adverse effects.

By analyzing an individual's genetic predisposition, response to previous treatments, lifestyle factors, and disease progression, AI could assist healthcare providers in making more informed decisions regarding medications, therapies, and interventions. This would enhance the quality of care and contribute to patient satisfaction & adherence to treatment regimens. Consequently, creating profitable opportunities for the Artificial Intelligence in Neurology Market in the forecast years.

Global Artificial Intelligence in Neurology Market (2024-30): Segmentation Analysis

The Global Artificial Intelligence in Neurology Market study by MarkNtel Advisors evaluates & highlights the major trends and influencing factors in each segment & includes predictions for the period 2024–2030 at the global, regional, and national levels. In accordance to the analysis, the market has been further classified as:

Based on Technology:

  • Machine Learning (ML) & Deep Learning (DL)
  • Natural Language Processing (NLP)

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. This is primarily due to their ability to evaluate several data inputs like medical device data, electronic medical records, diagnostic & lab reports, medical images, etc.

The use of ML & DL across different surgical applications like surgical workflow modeling, surgical automation, evaluation of surgical skills, and enhancing surgical-robotic materials is another crucial aspect driving the demand for these technologies.

Based on Component:

  • Hardware
  • Software-as-a-Service (SaaS)

By acquiring the largest share of Artificial Intelligence in Neurology Market, the Software-as-a-Service component is likely to witness significant growth during 2024-30. It owes to the mounting need for AI-powered software tools & cloud-based solutions for precisely interpreting medical images of patients and the advancing technologies in proteomics, MRI & CT scans for accurate detection & analysis of diseases.

The rising demand for advanced software solutions to yield more efficiency and security in healthcare devices and improve real-time decision-making is another crucial aspect projected to drive the demand for software-based AI platforms in the coming years.

Global Artificial Intelligence in Neurology Market (2024-30): Regional Projection

Geographically, the Global Artificial Intelligence in Neurology Market expands across:

  • 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. It owes to the region being an early adopter of modern technologies for healthcare, coupled with the strong base of leading market players headquartered across the US.

The increasing number of start-ups in the region & massive investments in Healthcare Information Technology (HCIT) toward developing new therapies are other crucial aspects expected to drive the North America Artificial Intelligence in Neurology Market in the future years.

Global Artificial Intelligence in Neurology Industry Recent Development:

  • 2023: Surgalign Spine Technologies, Inc. announced the release of Holo AI insights for neurovascular research to automatically segment medical images, measure anatomic structures, automate pedicle screw planning, and perform other tasks.
  • 2022: Neosoma Inc. announced to received FDA clearance for its first AI-based Neuro-Oncology Software, Neosoma HGG (High-Grade Glioma).

Gain a Competitive Edge with Our Global Artificial Intelligence in Neurology Market Report

  1. Global Artificial Intelligence in Neurology Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size, share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
  2. This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
  3. Global Artificial Intelligence in Neurology Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

Frequently Asked Questions

   A. The Artificial Intelligence in Neurology Market is expected to grow at a compound annual growth rate (CAGR) of 46% from 2024 to 2030.

   A. The Artificial Intelligence in Neurology market size is valued at about USD 48 million in 2023.

   A. The rising prevalence of neurological disorders globally is expected to drive the Artificial Intelligence in Neurology Market during 2024-30.

   A. The top players in the Artificial Intelligence in Neurology Market are ActivSurgical Inc., Brainomix Limited, Caresyntax Corp, Neosama Inc. ExplORer Surgical Corp., Surgalign Spine Technology Inc., LeanTaaS Inc., Medtronic Plc, Scalpel Limited, Theator Inc, and others,

   A. Software-as-a- service held the largest share of the Artificial Intelligence in Neurology Market.

   A. North America would present growth prospects in the Artificial Intelligence in Neurology Market during 2024-30.

   A. The personalized treatment creating opportunity for AI's in enhancing neurology care, thus upscaling the market expansion in future years.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. Global Artificial Intelligence in Neurology Market Trends & Developments
  5. Global Artificial Intelligence in Neurology Market Dynamics
    1. Drivers
    2. Challenges
  6. Global Artificial Intelligence in Neurology Market Porter Five Analysis
  7. Global Artificial Intelligence in Neurology Market Start-up Ecosystem
    1. Entrepreneurial Activity
    2. Funding Received by Top Companies
    3. Key Investors Active in the Market
    4. Series-wise Funding Received
      1. Seed Funding
      2. Angel Investing
      3. Venture Capitalists (VC) Funding
      4. Others
  8. Global Artificial Intelligence in Neurology Market Regulations, Policies and Standards
  9. Global Artificial Intelligence in Neurology Hotspot and Opportunities
  10. Global Artificial Intelligence in Neurology Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues USD Million
    2. Market Size & Analysis
      1. By Indication
        1. Neuro Technology- Market Size & Forecast 2019-2030, USD Million
          1. Neuro-monitoring- Market Size & Forecast 2019-2030, USD Million
          2. Neuro-modulation- Market Size & Forecast 2019-2030, USD Million
          3. Neuro-feedback- Market Size & Forecast 2019-2030, USD Million
          4. Neuro-pharmacology- Market Size & Forecast 2019-2030, USD Million
          5. Others- Market Size & Forecast 2019-2030, USD Million
        2. Neurosurgery- Market Size & Forecast 2019-2030, USD Million
          1. Functional Neurosurgery- Market Size & Forecast 2019-2030, USD Million
          2. Others- Market Size & Forecast 2019-2030, USD Million
      2. By Application
        1. Screening & Diagnosis - Market Size & Forecast 2019-2030, USD Million
        2. Treatment - Market Size & Forecast 2019-2030, USD Million
        3. Research & Development- Market Size & Forecast 2019-2030, USD Million
        4. Training- Market Size & Forecast 2019-2030, USD Million
        5. Surgical Planning & Rehabilitation- Market Size & Forecast 2019-2030, USD Million
        6. Others- Market Size & Forecast 2019-2030, USD Million
      3. By Type
        1. Oncology- Market Size & Forecast 2019-2030, USD Million
        2. Neurodegeneration- Market Size & Forecast 2019-2030, USD Million
        3. Neurovascular- Market Size & Forecast 2019-2030, USD Million
        4. Traumatic Brain Injury- Market Size & Forecast 2019-2030, USD Million
        5. Spinal Cord Injury- Market Size & Forecast 2019-2030, USD Million
      4. By Technology
        1. Machine Learning (ML) & Deep Learning (DL)- Market Size & Forecast 2019-2030, USD Million
        2. Natural Language Processing (NLP) - Market Size & Forecast 2019-2030, USD Million
        3. Others (Context Aware Computing, Computer Vision) - Market Size & Forecast 2019-2030, USD Million
      5. By Components
        1. Hardware- Market Size & Forecast 2019-2030, USD Million
        2. Software-as-a-Service(SaaS) - Market Size & Forecast 2019-2030, USD Million
      6. By End User
        1. Hospitals- Market Size & Forecast 2019-2030, USD Million
        2. Diagnosis Centers- Market Size & Forecast 2019-2030, USD Million
        3. Others (Surgical Center, Research Center, Clinic) - Market Size & Forecast 2019-2030, USD Million
      7. By Region
        1. North America
        2. South America
        3. Europe
        4. The Middle East & Africa
        5. Asia-Pacific
      8. By Competition
        1. Competition Characteristics
        2. Market Share Analysis
  11. North America Artificial Intelligence in Neurology Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues USD Million
    2. Market Share & Analysis
      1. By Indication- Market Size & Forecast 2019-2030, USD Million
      2. By Application- Market Size & Forecast 2019-2030, USD Million
      3. By Type- Market Size & Forecast 2019-2030, USD Million
      4. By Technology- Market Size & Forecast 2019-2030, USD Million
      5. By Components- Market Size & Forecast 2019-2030, USD Million
      6. By End User- Market Size & Forecast 2019-2030, USD Million
      7. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Artificial Intelligence in Neurology Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Indication- Market Size & Forecast 2019-2030, USD Million
        2. By Type- Market Size & Forecast 2019-2030, USD Million
        3. By End User Market Size & Forecast 2019-2030, USD Million
    4. Canada Artificial Intelligence in Neurology Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Indication- Market Size & Forecast 2019-2030, USD Million
        2. By Type- Market Size & Forecast 2019-2030, USD Million
        3. By End User Market Size & Forecast 2019-2030, USD Million
    5. Mexico Artificial Intelligence in Neurology Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Indication- Market Size & Forecast 2019-2030, USD Million
        2. By Type- Market Size & Forecast 2019-2030, USD Million
        3. By End User Market Size & Forecast 2019-2030, USD Million
  12. South America Artificial Intelligence in Neurology Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues USD Million
    2. Market Share & Analysis
      1. By Indication- Market Size & Forecast 2019-2030, USD Million
      2. By Application- Market Size & Forecast 2019-2030, USD Million
      3. By Type- Market Size & Forecast 2019-2030, USD Million
      4. By Technology- Market Size & Forecast 2019-2030, USD Million
      5. By Components- Market Size & Forecast 2019-2030, USD Million
      6. By End User- Market Size & Forecast 2019-2030, USD Million
      7. By Country
        1. Brazil
        2. Rest of South America
    3. Brazil Artificial Intelligence in Neurology Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Indication- Market Size & Forecast 2019-2030, USD Million
        2. By Type- Market Size & Forecast 2019-2030, USD Million
        3. By End User Market Size & Forecast 2019-2030, USD Million
  13. Europe Artificial Intelligence in Neurology Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues USD Million
    2. Market Share & Analysis
      1. By Indication- Market Size & Forecast 2019-2030, USD Million
      2. By Application- Market Size & Forecast 2019-2030, USD Million
      3. By Type- Market Size & Forecast 2019-2030, USD Million
      4. By Technology- Market Size & Forecast 2019-2030, USD Million
      5. By Components- Market Size & Forecast 2019-2030, USD Million
      6. By End User- Market Size & Forecast 2019-2030, USD Million
      7. By Country
        1. Germany
        2. The UK
        3. France
        4. Spain
        5. Italy
        6. Rest of Europe
    3. Germany Artificial Intelligence in Neurology Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Indication- Market Size & Forecast 2019-2030, USD Million
        2. By Type- Market Size & Forecast 2019-2030, USD Million
        3. By End User Market Size & Forecast 2019-2030, USD Million
    4. The UK Artificial Intelligence in Neurology Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Indication- Market Size & Forecast 2019-2030, USD Million
        2. By Type- Market Size & Forecast 2019-2030, USD Million
        3. By End User Market Size & Forecast 2019-2030, USD Million
    5. France Artificial Intelligence in Neurology Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Indication- Market Size & Forecast 2019-2030, USD Million
        2. By Type- Market Size & Forecast 2019-2030, USD Million
        3. By End User Market Size & Forecast 2019-2030, USD Million
    6. Spain Artificial Intelligence in Neurology Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Indication- Market Size & Forecast 2019-2030, USD Million
        2. By Type- Market Size & Forecast 2019-2030, USD Million
        3. By End User Market Size & Forecast 2019-2030, USD Million
    7. Italy Artificial Intelligence in Neurology Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Indication- Market Size & Forecast 2019-2030, USD Million
        2. By Type- Market Size & Forecast 2019-2030, USD Million
        3. By End User Market Size & Forecast 2019-2030, USD Million
  14. The Middle East & Africa Artificial Intelligence in Neurology Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues USD Million
    2. Market Share & Analysis
      1. By Indication- Market Size & Forecast 2019-2030, USD Million
      2. By Application- Market Size & Forecast 2019-2030, USD Million
      3. By Type- Market Size & Forecast 2019-2030, USD Million
      4. By Technology- Market Size & Forecast 2019-2030, USD Million
      5. By Components- Market Size & Forecast 2019-2030, USD Million
      6. By End User- Market Size & Forecast 2019-2030, USD Million
  15. Asia-Pacific Artificial Intelligence in Neurology Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues USD Million
    2. Market Share & Analysis
      1. By Indication- Market Size & Forecast 2019-2030, USD Million
      2. By Application- Market Size & Forecast 2019-2030, USD Million
      3. By Type- Market Size & Forecast 2019-2030, USD Million
      4. By Technology- Market Size & Forecast 2019-2030, USD Million
      5. By Components- Market Size & Forecast 2019-2030, USD Million
      6. By End User- Market Size & Forecast 2019-2030, USD Million
      7. By Country
        1. China
        2. Japan
        3. India
        4. South Korea
        5. Australia
        6. Rest of Asia Pacific
    3. China Artificial Intelligence in Neurology Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Indication- Market Size & Forecast 2019-2030, USD Million
        2. By Type- Market Size & Forecast 2019-2030, USD Million
        3. By End User Market Size & Forecast 2019-2030, USD Million
    4. Japan Artificial Intelligence in Neurology Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Indication- Market Size & Forecast 2019-2030, USD Million
        2. By Type- Market Size & Forecast 2019-2030, USD Million
        3. By End User Market Size & Forecast 2019-2030, USD Million
    5. India Artificial Intelligence in Neurology Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Indication- Market Size & Forecast 2019-2030, USD Million
        2. By Type- Market Size & Forecast 2019-2030, USD Million
        3. By End User Market Size & Forecast 2019-2030, USD Million
        4.  
    6. South Korea Artificial Intelligence in Neurology Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Indication- Market Size & Forecast 2019-2030, USD Million
        2. By Type- Market Size & Forecast 2019-2030, USD Million
        3. By End User Market Size & Forecast 2019-2030, USD Million
    7. Australia Artificial Intelligence in Neurology Market Outlook, 2019-2030F
      1. Market Size & Analysis
        1. By Revenues USD Million
      2. Market Share & Analysis
        1. By Indication- Market Size & Forecast 2019-2030, USD Million
        2. By Type- Market Size & Forecast 2019-2030, USD Million
        3. By End User Market Size & Forecast 2019-2030, USD Million
  16. Global Artificial Intelligence in Neurology Market Key Strategic Imperatives for Success & Growth
  17. Competitive Outlook
    1. Company Profiles 
      1. ActivSurgical Inc.
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. Brainomix Limited
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Caresyntax Corp
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Neosama Inc.
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. ExplORer Surgical Corp
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Surgalign Spine Technology Inc.
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. LeanTaaS Inc.
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Medtronic Plc                              
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Scalpel Limited
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Theator Inc.
        1. Business Description
        2. Type Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Others
  18. Disclaimer


Artificial Intelligence in Neurology Market Segmentation