Digital Health in Neurology Market Size, Share and Trends 2024 to 2034

Digital Health in Neurology Market Size and Forecast 2024 to 2034

The global digital health in neurology market size is calculated at USD 39.82 billion in 2024 and is predicted to surpass around USD 303.23 billion by 2034, expanding at a CAGR of 22.51% from 2024 to 2034. The digital health in neurology market is driven by the expanding remote patient monitoring (RPM) for long-term neurological disorders.

Digital Health in Neurology Market Key Takeaways

• North America dominated the digital health in neurology market with the largest market share of 38% in 2023.
• Asia Pacific is observed to host the fastest-growing market during the forecast period. 
• By component, the services segment dominated the global market in 2023.
• By component, the software segment is projected to grow at the fastest CAGR of 24% during the forecast period.
• By end use, the patients segment accounted for the biggest market share of 33% in 2023.
• By end use, the provider's segment is observed to grow rapidly in the market during the forecast period.

U.S. Digital Health in Neurology  Market Size and Growth 2024 to 2034

The U.S. digital health in neurology market size is exhibited at USD 13.32 billion in 2024 and is projected to be worth around USD 103.32 billion by 2034, growing at a CAGR of 22.71% from 2024 to 2034.

North America dominated the digital health in neurology market in 2023. Some of the world's most innovative technology businesses and research institutes are in North America, particularly in the United States. This technological leadership is evident in healthcare, especially in digital health. Digital neurology is advancing rapidly due to the extensive use of artificial intelligence, machine learning, and big data analytics by companies like IBM Watson Health, Google Health, and other corporate behemoths. The FDA's Digital Health Innovation Action Plan has expedited the approval process for these solutions and provided businesses with a well-defined regulatory framework.

Asia Pacific is observed to host the fastest-growing digital health in neurology market during the forecast period. The digital health ecosystem in Asia-Pacific is flourishing and is driven by startups, innovation hubs, and partnerships between tech firms and healthcare providers. AI-driven instruments and neurological monitoring apps that support early diagnosis and therapy are being developed by digital health startups in Singapore, India, and Australia. Governments have implemented laws to safeguard patient information, which has increased trust in and uptake of digital health platforms for neurological treatment.

Market Overview

A variety of digital technologies have already been used to treat several distinct neurological disorders, including Parkinson's disease, acquired brain injury, epilepsy, and headaches and migraines. There is evidence that web-based platforms may positively impact mental health and quality of life, and there seems to be use and interest in them, at least in the near term.

How Does Artificial Intelligence (AI) Help the Digital Health in Neurology Market?

Artificial intelligence has recently brought about a significant revolution in the digital health in neurology market. These developments have transformed our knowledge of and ability to diagnose and ability to treat neurological illnesses. Artificial intelligence is significantly advancing neurology through its capacity to scan large volumes of data and spot complex patterns. Applications in neurology include early disease identification and individualized treatment plans. Making computer algorithms that replicate cognitive abilities like learning, reasoning, and self-correction is the goal of artificial intelligence.

Significant advancements have been made in the digital health in neurology market such as machine-based processing of complicated data for routine clinical applications. Modern healthcare is based on precision medicine, and AI is essential to customizing therapy for each patient. Through the analysis of genetic data, AI systems can identify genetic predispositions and forecast treatment responses.

• With the release of Smart Quant Neuro 3D, Royal Philips, a global leader in health technology, and Synthetic MR, a provider of magnetic resonance imaging (MRI) software solutions, announced a major advancement in objective decision support for diagnosis and therapy evaluation for brain disorders such as multiple sclerosis (MS), traumatic brain injury (TBI), and Alzheimer's disease.

Digital Health in Neurology Market Growth Factors

• The need for novel diagnostic and therapeutic approaches is being driven by the rising prevalence of diseases like multiple sclerosis, Parkinson's disease, and Alzheimer's disease.
• Particularly for people who live far away or are underserved, the digital health in neurology market solutions help close gaps in healthcare access.
• Telehealth has become increasingly popular since the COVID-19 epidemic, and it's a valuable tool for follow-ups and consultations in neurology.
• Technological advancements in wearables, artificial intelligence, and remote patient monitoring make neurological treatment more accessible and efficient.
• Utilizing digital tools can assist in customizing treatment regimens for each patient, improving outcomes, and lowering medical expenses.

Market Scope

Market Dynamics

Driver

Rising prevalence of neurological disorders

Since neurological conditions are often progressive and persistent, long-term care is necessary. Because of the intricacy of the care and the requirement for ongoing monitoring and treatment modifications, this puts a significant strain on healthcare systems. This expanding patient population may be too much for traditional healthcare institutions to handle, resulting in delayed diagnosis, ineffective therapies, and a rise in hospital admissions. Consequently, digital health in neurology market services such as telemedicine, AI-driven diagnostics, and remote monitoring tools have become popular and affordable approaches to relieve the burden on healthcare systems in neurology.

Restraint

Lack of financial incentives

Digital health products emphasizing neurology depend on cutting-edge technology like blockchain, cloud computing, Artificial intelligence, and machine learning. Significant financial resources are needed for both hardware and software development to implement these technologies in the digital health in neurology market. When incorporating digital health platforms into their operations, neurology clinics may have to pay hefty expenses for patient education, new IT systems, and staff training. 

Opportunity

Advancements in digital health technologies

Continuous surveillance of people's vitals, activity levels, and even symptoms of neurological illnesses like epilepsy or Parkinson's disease is made possible by technologies like smartwatches and health monitoring devices. Personalized care plans and prompt actions may result from this real-time data. In the digital health in neurology market, apps can make registering symptoms, medication use, and lifestyle factors easier. This gives medical professionals access to detailed data that helps them better customize therapies for patients. Using digital health technologies facilitates distant involvement in clinical trials, hence augmenting patient recruitment and retention. Faster and more varied clinical research on neurological disorders may result from this. 

Component Insights

The services segment dominated the global digital health in neurology market in 2023. Neurology is a complex field that requires specialist care. Patients with neurological conditions like Parkinson's disease and Alzheimer's require constant monitoring, precise diagnosis, and individualized treatment regimens. With the growing prevalence of neurological diseases throughout the world, these services offer an environment for tracking, remote consultations, and therapy interventions, all highly sought-after services. By making the most use of the resources at hand, these neurological services reduce healthcare expenses. Remote services such telemedicine save both time and cash for patients and medical personnel by eliminating the need for in-person hospital visits. Additionally, by spotting anomalies before they get worse and become more serious health problems, early detection services and continuous monitoring can help avoid hospital readmissions.

The software segment is observed to grow at the fastest rate in the digital health in neurology market during the forecast period. Neurology software solutions that enable virtual care have gained popularity due to an increase in the demand for telehealth and remote patient monitoring, particularly during the COVID-19 epidemic. In neurology, big data analytics is revolutionizing patient-specific treatment planning. By combining patient data from multiple sources, such as brain scans, genetic data, and sensor information, the program brings predictive models to identify the best course of treatment for each patient.

End-use Insights

The patients segment held the largest share of the digital health in neurology market in 2023. The global healthcare sector is witnessing a growing trend toward patient-centric treatment. As a result, the neurology digital health market has changed to provide services that directly address patients' wants and preferences. Patients with neurological illnesses often want tools that offer convenience, accessibility, and a sense of control over their health, as these conditions frequently cause considerable disturbances to their lifestyle.

The provider's segment is observed to grow rapidly in the digital health in neurology market during the forecast period. Providers use digital health platforms to provide more individualized care, which has been shown to enhance patient outcomes for neurological conditions. Providers can tailor treatment strategies for individual patients by leveraging real-time data from monitoring devices, medical history, and genetic data by employing big data analytics. By evaluating brain imaging data, for instance, AI systems can assist neurologists in identifying early indicators of neurodegenerative disorders like Alzheimer's. The capacity to diagnose patients more quickly and accurately encourages doctors to use AI-powered solutions.

Digital Health in Neurology Market Companies 

• Neofect
• Teladoc
• Proteus Digital Health
• Omada Health
• Blackrock Neurotech
• AdvancedMD
• Aural Analytics
• BehaVR
• BetterHelp
• Big Health
• Akili Labs
• AppliedVR

Recent Development

• In February 2024, Aptar Digital Health, a division of AptarGroup, Inc., and Biogen Inc., reached an enterprise agreement to manage and create digital health solutions for neurological and uncommon disorders. As per the deal, Biogen will provide Aptar Digital Health (Aptar) ownership of several digital health technologies.

Segments Covered in the Report

By Component

• Software
• Hardware
• Services

By End-use 

• Patients
• Providers
• Payers
• Others

By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa