The Middle-East and Africa Neurology Monitoring Market are expected to grow with a CAGR of 7.5% during the forecast period. Neurological disorders are increasingly recognized as one of the most prevalent disorders with a high burden to the patients, their families, and society. Neurological disorders thus contribute significantly to morbidity and mortality in the region.
Specialized monitoring is been therefore essential in neurological patients in the operating rooms and intensive care units to prevent ischemic and mechanical injury to the nervous system. Hence all these systems monitor the intracranial pressure and blood flow dynamics and monitor the brain's electrical activity, thereby propelling the market growth.
Key Market Trends
Electroencephalography (EEG) Devices Segment is Expected to Grow at a High CAGR Over the Forecast Period
Electroencephalography (EEG) is an electrophysiological monitoring method that is used to record the electrical activity of the brain. It is used to measure and record the brain wave activity for the diagnosis and treatment of sleep apnea. Due to this increased use and demand for high-quality EEG devices, there are now numerous companies that can cater to the specific needs of EEG users.
According to GLOBOCAN 2018, the number of incident cases of brain cancer in Africa is 16956 which is further estimated to increase in the forecast period. Therefore, with a large number of neurological diseases, there is a rising demand for high-quality EEG devices, that help in the market growth.
The Middle-East and Africa Neurology Monitoring Market is moderately competitive with several major players. Some of the strategies implemented include agreements, collaborative models, business expansion, and product developments.
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