Neurology Devices Market Size & Share, by Device (Cerebrospinal Fluid Management Device, Interventional Neurology Device, Neurosurgery Device, Neurostimulation Device); End-user (Hospitals, Ambulatory Surgery Centers, Neurology Clinics) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

Neurology Devices Market size was valued at USD 15.51 billion in 2024 and is likely to cross USD 41.68 billion by 2037, registering more than 7.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of neurology devices is estimated at USD 16.55 billion.

The growth of the market can be attributed to the increasing prevalence of neurological diseases, such as, multiple sclerosis, Alzheimer’s disease, Parkinson’s disease, epilepsy, and other disorders. According to the data by the World Health Organization (WHO), 47.5 million people suffer with dementia globally, with 7.7 million new cases every year. The increasing prevalence of neurological disorders is estimated to promote the demand for neurology devices. Moreover, increasing global health expenditure is further anticipated to fuel the market growth. According to the data by the World Bank, USD 1,110.268 was spent on per capita healthcare, in 2018.

Moreover, the increasing geriatric population is projected to fuel the market growth, as older people are more vulnerable towards neurological diseases. According to the other World Bank report, 723,184,486 people were above the age of 65 years, in 2020, globally.