The South America Neurology Monitoring Market is expected to grow with a CAGR of 9.1% in the forecast period. The key factors propelling the growth of the market are the increasing incidence of neurological disorders and the rising aging population. The increasing incidence of neurological disorders like brain aneurysms, brain tumors, epilepsy, Parkinson’s disease, peripheral neuropathy, etc.
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 is Expected to be Largest Growing Segment
Electroencephalography (EEG) is an electrophysiological monitoring method that is used to record the electrical activity of the brain. It is typically noninvasive, with the electrodes placed along the scalp, although invasive electrodes are sometimes used, as in electrocorticography. 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 are able to cater to the specific needs of EEG users. Therefore with the increase in the number of neurological diseases, there is a rising demand for high-quality EEG devices, that helps in the market growth
The South America Neurology Monitoring Market is moderately competitive with several major players. Some of the strategies implemented include agreements, collaborative models, business expansion, and product developments. Some of the major players are Nihon Kohden Corporation, GE Healthcare, Philips Healthcare, Dragerwerk Ag & Co. Kgaa, Natus Medical, Inc.
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