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Its growth is attributed to an increased prevalence of chronic neurological diseases.
According to BCC Research LLC, the neurology market is expected to reach $94.8B by 2029, up from $2024, with a CAGR of 7.1%.
The expansion of the sector is attributed to an increased prevalence of neurological diseases such as stroke, Alzheimer’s disease, other dementias and meningitis.
Meanwhile, prevalent neurological diseases include cerebrovascular, neurodegeneration, autoimmunity, spinal cord problems, intracranial tumors and skull trauma.
“The incidence of these conditions is growing, and government initiatives and ongoing research drive market growth in the nervous system,” the report said.
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