Digital Health in Neurology Market Size

Digital Health in Neurology Market Size

Digital Health in Neurology Market was valued at around USD 34.3 billion in 2023 and is anticipated to register a CAGR of over 19% between 2024 and 2032. Digital health in neurology refers to the application of digital technologies such as telemedicine, mobile health apps, wearable medical devices, and data analytics to enhance the diagnosis, treatment, and management of neurological disorders. It encompasses a wide range of software, hardware, and online platforms designed to improve access to neurological care, monitor patient health remotely, support clinical decision-making, and empower patients to actively participate in their treatment. The increasing prevalence of neurological disorders has emerged as a significant driver for the market growth.

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For instance, according to the World Federation of Neurology, in 2023, neurological disorders ranked as the second leading cause of death and the primary cause of disability globally. Moreover, as per estimates over 40% of the world's population currently experiences some form of neurological condition. This burden is anticipated to nearly double by the year 2050. Therefore, there is a growing market demand for innovative solutions and advancements in neurology to meet the increasing prevalence and complexity of neurological disorders.

Furthermore, the expanding integration of digital technology in neurological care, the rising inclination towards leveraging artificial intelligence in healthcare (AI), the internet of things (IoT), and big data, and the increasing uptake of mobile health applications and technologies among other contributing factors are expected to propel the growth of the market in the forthcoming years.