Global Neurology Devices Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Neurostimulation, Interventional Neurology, Cerebrospinal Fluid (CSF) Management, and Neurosurgery Devices

By End-User;

Hospitals, Specialty Clinics, and Ambulatory Surgical Centers

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn167577876 Published Date: May, 2025 Updated Date: June, 2025

Neurology Devices Market Overview

Neurology Devices Market (USD Million)

Neurology Devices Market was valued at USD 13,122.60 million in the year 2024. The size of this market is expected to increase to USD 29,891.46 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 12.5%.


Global Neurology Devices Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 12.5 %


Study Period2025 - 2031
Base Year2024
CAGR (%)12.5 %
Market Size (2024)USD 13,122.60 Million
Market Size (2031)USD 29,891.46 Million
Market ConcentrationLow
Report Pages337
13,122.60
2024
29,891.46
2031

Major Players

  • B. Braun Melsungen AG
  • Boston Scientific Corporation
  • Covidien PLC
  • Integra LifeSciences Holdings Corporation
  • Johnson and Johnson
  • Medtronic Inc
  • St Jude Medical Inc
  • Stryker Corporation
  • WL Gore & Associates Inc
  • Magstim Co Ltd

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Neurology Devices Market

Fragmented - Highly competitive market without dominant players


The Neurology Devices Market is witnessing robust growth due to the rising prevalence of neurological conditions such as Alzheimer’s, Parkinson’s, and epilepsy. This demand is fueling the adoption of advanced neurodiagnostic and neurostimulation technologies. Present data shows that more than 65% of neurological procedures now involve device-assisted interventions, reflecting their growing role in modern medical care.

AI Integration Enhancing Precision
Advancements in artificial intelligence are reshaping the capabilities of neurology devices, especially in diagnostic imaging. Over 40% of newly introduced neurology systems now feature AI-enhanced functionalities, offering better detection rates and streamlining clinical workflows for healthcare providers managing complex brain disorders.

Shift Toward Less Invasive Treatment Options
A clear trend in the market is the move toward minimally invasive neurological devices, which allow for quicker patient recovery and fewer complications. Approximately 55% of current device innovations emphasize non-invasive technologies, showcasing a market shift toward safer and more patient-friendly solutions.

Policy and Reimbursement Tailwinds
Supportive government policies and improved reimbursement structures are further encouraging the use of neurology devices. Around 50% of neurology-related procedures that receive insurance coverage now incorporate device-based methods, pointing to a favorable policy environment supporting technological integration in neurological care.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By End-User
    3. Market Snapshot, By Region
  4. Neurology Devices Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Prevalence Of Neurological Disorders
        2. Technological Advancements In Brain Monitoring Devices
        3. Rising Demand For Minimally Invasive Treatments
        4. Increased Investments In Neurotechnology Research
      2. Restraints
        1. High Cost Of Neurology Device Procedures
        2. Limited Access In Low-Income Regions
        3. Stringent Regulatory Approval Requirements
        4. Shortage Of Skilled Neurosurgical Professionals
      3. Opportunities
        1. Integration With AI And Smart Platforms
        2. Expansion Into Emerging Healthcare Markets
        3. Development Of Wearable Neurodiagnostic Solutions
        4. Rising Focus On Home-Based Neurological Care
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Neurology Devices Market, By Product, 2021 - 2031 (USD Million)
      1. Neurostimulation
      2. Interventional Neurology
      3. Cerebrospinal Fluid (CSF) Management
      4. and Neurosurgery Devices
    2. Neurology Devices Market, By End-User, 2021 - 2031 (USD Million)
      1. Hospitals

      2. Specialty Clinics

      3. Ambulatory Surgical Centers

    3. Neurology Devices Market, By Geography, 2021 - 2031 (USD Million)
      1. North America

        1. United States

        2. Canada

      2. Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Nordic

        7. Benelux

        8. Rest of Europe

      3. Asia Pacific

        1. Japan

        2. China

        3. India

        4. Australia & New Zealand

        5. South Korea

        6. ASEAN (Association of South East Asian Countries)

        7. Rest of Asia Pacific

      4. Middle East & Africa

        1. GCC

        2. Israel

        3. South Africa

        4. Rest of Middle East & Africa

      5. Latin America

        1. Brazil

        2. Mexico

        3. Argentina

        4. Rest of Latin America

  6. Competitive Landscape
    1. Company Profiles
      1. B. Braun Melsungen AG
      2. Boston Scientific Corporation
      3. Covidien PLC
      4. Integra LifeSciences Holdings Corporation
      5. Johnson and Johnson
      6. Medtronic Inc
      7. St Jude Medical Inc
      8. Stryker Corporation
      9. WL Gore & Associates Inc
      10. Magstim Co Ltd
  7. Analyst Views
  8. Future Outlook of the Market