Top Companies Leading the Neurology Patient Monitoring Market

Published Date : 2024-Aug-31

The neurology patient monitoring market has been expanding rapidly, driven by technological advancements and the rising prevalence of neurological disorders. Leading companies in this space are at the forefront of innovation, developing cutting-edge devices and systems that enhance patient care and improve outcomes.

In this blog, we’ll explore some of the top companies shaping the future of neurology patient monitoring. Including: Medtronic, Natus Medical, Philips Healthcare, Nihon Kohden, GE Healthcare, Compumedics Limited And More.


Overview:

Neurology Patient Monitoring Market Size, Share & Trends Analysis Report By Application (Trauma, CSF Management, Migraine, Stroke, Hydrocephalus, EEG, Others), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022 – 2028.

Market Size: The global neurology patient monitoring market was valued at USD 4.78 billion in 2021 and is projected to reach USD 7.97 billion by 2028.

Growth Rate: The market is projected to grow at a compound annual growth rate (CAGR) of around 7.4% from 2022-2028.

The neurology patient monitoring market focuses on devices and systems used to monitor neurological functions, such as brain activity, nerve conduction, and intracranial pressure. This market has seen growth due to advancements in technology, increased prevalence of neurological disorders, and greater awareness of the importance of early diagnosis and continuous monitoring.

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Top Companies in the market includes:

In this blog, we’ll explore some of the top companies shaping the future of neurology patient monitoring.

Medtronic PLC

Medtronic plc is an American-Irish medical device company. The company's was founded in 1949 and operational and executive headquarters are in Minneapolis, Minnesota, United States & its legal headquarters are in Dublin, Ireland.

The company is a global leader in medical technology, and its influence in the neurology patient monitoring market is significant. The company offers a wide range of neurological devices, including deep brain stimulation systems, spinal cord stimulators, and advanced monitoring solutions. Medtronic’s focus on research and development has led to innovations that are transforming how neurological conditions are managed, from real-time brain activity monitoring to personalized therapy solutions.

Key Products:

  • StealthStation™ Surgical Navigation: A leading platform for precise neurosurgery.
  • Activa® Deep Brain Stimulation Systems: Used for treating Parkinson’s disease and other movement disorders.

 

Natus Medical Incorporated

Natus Medical Incorporated is an American medical equipment manufacturing company. Founded in 1987, the company is headquartered in Middleton, Wisconsin, United States.

The company is a major player in the field of neurodiagnostic and monitoring solutions. The company provides a comprehensive range of products, including EEG systems, sleep diagnostic tools, and neurocritical care monitoring devices. Natus is known for its commitment to quality and innovation, continually enhancing its products to meet the evolving needs of healthcare professionals.

Key Products:

  • Nicolet™ EEG Systems: Advanced solutions for brain monitoring and epilepsy diagnosis.
  • Olympic Brainz Monitor™: Used for monitoring cerebral function in neonatal intensive care.

 

Philips Healthcare

Philips Healthcare is a Dutch medical equipment manufacturing company and healthcare company that was founded in 1891, the company is headquartered in Amsterdam, Netherlands.

The company is renowned for its broad portfolio of patient monitoring solutions, including those specifically designed for neurological care. Philips integrates advanced imaging and monitoring technologies to offer comprehensive solutions that support accurate diagnosis, continuous monitoring, and effective treatment of neurological conditions.

Key Products:

  • IntelliVue Neuromuscular Transmission (NMT) Module: A tool for assessing neuromuscular function in critical care.
  • CereTom® Mobile CT Scanner: Provides portable, high-quality imaging for real-time decision-making in neurological emergencies.

 

Nihon Kohden Corporation

Nihon Kohden Corporation is a Tokyo-based leading manufacturer, developer and distributor of medical electronic equipment company that was founded in 1951, the company is headquartered in Tokyo, Japan. The company's products are now used in more than 120 countries.

A pioneer in medical electronics, the company is a leading supplier of neurology patient monitoring systems. The company’s products are known for their reliability and precision, supporting a wide range of neurological assessments, from routine EEG monitoring to advanced neurocritical care.

Key Products:

  • Neurofax EEG Systems: High-performance EEG systems used globally for diagnosing epilepsy and other brain disorders.
  • Polysmith Sleep Analysis Software: A comprehensive tool for sleep study management.

 

GE Healthcare

GE HealthCare is an American multinational medical technology company headquartered in Chicago, Illinois. It was incorporated in 1994 and operates in more than 100 countries.

The company is a major force in the neurology patient monitoring market, offering a variety of innovative solutions for brain monitoring and neuroimaging. The company’s products are widely used in hospitals and clinics around the world, helping clinicians provide better care for patients with neurological conditions.

Key Products:

  • BIS™ Brain Monitoring System: Used in anesthesia and critical care to assess brain activity and consciousness levels.
  • MRI Systems: GE Healthcare's MRI systems are crucial for detailed brain imaging, supporting accurate diagnosis and treatment planning.

 

Compumedics Limited

Compumedics Ltd is a medical device company, founded in 1987, the company is headquartered in Melbourne, Australia, and field offices in the USA, Singapore, Hong Kong and Germany.

The company is a specialist in sleep and neurodiagnostic solutions, with a strong focus on neurological monitoring. The company’s products are used in hospitals and research institutions worldwide, contributing to the understanding and management of neurological disorders.

Key Products:

  • Grael HD EEG: A state-of-the-art EEG system designed for high-definition brain monitoring.
  • Somte PSG: A portable system for comprehensive sleep and respiratory analysis.

 

Masimo Corporation

Masimo Corporation is an American health technology and consumer electronics company based in Irvine, California and founded in 1989.

The company is known for its innovative non-invasive monitoring technologies, which are increasingly being applied in neurology. The company’s focus on patient-centric solutions has led to the development of monitoring systems that provide continuous, accurate data critical for managing neurological conditions.

Key Products:

  • O3 Regional Oximetry: Monitors cerebral oxygenation, providing crucial information during surgeries and in intensive care.
  • Root® with SedLine® Brain Function Monitoring: A platform that offers a comprehensive view of brain activity for enhanced patient management.

 

Market Segments and Regions:

By Application

  • Trauma
  • CSF Management
  • Migraine
  • Stroke
  • Hydrocephalus
  • EEG

·       Others

By Regions

  • North America
  • Europe
  • Asia-Pacific
  • Middle East and Africa
  • South America

 

Conclusion:

The neurology patient monitoring market is dynamic, with leading companies like Medtronic, Natus Medical, and Philips Healthcare driving innovation. These companies are not only advancing the capabilities of neurological monitoring devices but also improving patient outcomes through their commitment to quality and technological excellence. As neurological disorders continue to rise globally, the role of these companies in shaping the future of healthcare becomes even more critical.

By staying at the forefront of technological advancements and focusing on the needs of healthcare providers and patients, these companies are ensuring that the future of neurology patient monitoring is bright.

 

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