The global neurology devices market was valued at USD 15.98 billion in 2024, grew to USD 17.28 billion in 2025, and is expected to reach USD 34.76 billion by 2034. This reflects a strong CAGR of 8.14% from 2025 to 2034.
The rising prevalence of central and peripheral nervous system disorders is the primary market driver. Governments worldwide are launching awareness programs for early screening and diagnosis. In addition, strategic collaborations between industry leaders are accelerating innovation, particularly in wearable neuro devices and AI‑based diagnostic tools.
Market Highlights
-
Market Size 2024: USD 15.98 Billion
-
Forecast 2034: USD 34.76 Billion
-
CAGR (2025‑2034): 8.14%
-
North America Market Share 2024: ~41%
-
Asia-Pacific Growth Rate: Fastest growing region during forecast period
-
Leading Product Segment 2024: Neurostimulation Devices (~34% market share)
-
Fastest Growing Product Segment: Interventional Neurology Devices
Top Neurology Devices Companies and Their Profiles
1. Medtronic plc
About: Medtronic, headquartered in Ireland, is a global leader in medical technology, including advanced neurology solutions.
Products: Deep brain stimulation (DBS) systems, neurostimulators, and pain management devices.
Market Cap: Approx. USD 110 billion.
2. Boston Scientific Corporation
About: A U.S.-based medical device manufacturer with a strong neurology portfolio.
Products: Neuromodulation devices, spinal cord stimulators, and interventional neurology solutions.
Market Cap: Approx. USD 92 billion.
3. Abbott Laboratories
About: A diversified healthcare company with expertise in neuromodulation and diagnostics.
Products: Deep brain stimulation devices, vagus nerve stimulation systems.
Market Cap: Approx. USD 192 billion.
4. Stryker Corporation
About: Stryker is a global medical technology leader specializing in surgical and neurovascular solutions.
Products: Neurovascular devices, clot retrieval systems, and navigation platforms.
Market Cap: Approx. USD 130 billion.
5. Penumbra, Inc.
About: A leading U.S. medical device company focused on neurovascular and peripheral vascular solutions.
Products: Stroke thrombectomy devices, aspiration catheters.
Market Cap: Approx. USD 8 billion.
6. NeuroPace, Inc.
About: U.S.-based company specializing in neurostimulation for epilepsy treatment.
Products: Responsive Neurostimulation (RNS) system.
Market Cap: Approx. USD 150 million.
7. Natus Medical Incorporated
About: Specializes in neurodiagnostic and monitoring solutions.
Products: EEG systems, sleep diagnostic devices, EMG equipment.
Market Cap: Privately held (acquired by ArchiMed).
8. LivaNova PLC
About: Global medical technology company with strong neuromodulation expertise.
Products: Vagus nerve stimulation devices for epilepsy and depression.
Market Cap: Approx. USD 2.4 billion.
9. Zimmer Biomet
About: Renowned for musculoskeletal healthcare solutions, with a neurosurgical product line.
Products: Cranial stabilization systems, neurosurgical instruments.
Market Cap: Approx. USD 25 billion.
10. Integra LifeSciences
About: U.S.-based surgical and regenerative technologies provider.
Products: Neurosurgical instruments, dural repair products.
Market Cap: Approx. USD 3.5 billion.
11. Raumedic AG
About: German company specializing in polymer-based medical devices.
Products: Intracranial pressure monitoring devices, catheters.
Market Cap: Private company.
12. NeuroSigma, Inc.
About: Focuses on trigeminal nerve stimulation for neurological disorders.
Products: Monarch eTNS system for ADHD and epilepsy.
Market Cap: Private company.
13. GE HealthCare
About: A global leader in medical imaging and monitoring.
Products: Advanced MRI, CT, and PET scanners for neuroimaging.
Market Cap: Approx. USD 32 billion.
14. Philips Healthcare
About: Dutch multinational in healthcare technology.
Products: Neuroimaging systems, EEG monitoring devices.
Market Cap: Approx. USD 20 billion.
15. Johnson & Johnson (DePuy Synthes)
About: Leading medical device manufacturer with a neurosurgical division.
Products: Neurovascular access products, aneurysm treatment devices.
Market Cap: Approx. USD 360 billion.
16. Synapse Biomedical Inc.
About: Specializes in neurostimulation for respiratory function recovery.
Products: NeuRx Diaphragm Pacing System.
Market Cap: Private company.
17. BrainsGate Ltd.
About: Israeli company focused on ischemic stroke therapy.
Products: Electrical stimulation devices for cerebral blood flow improvement.
Market Cap: Private company.
18. NeuroOne Medical Technologies
About: U.S.-based innovator in thin-film electrode technology.
Products: Cortical and depth electrode devices for neurological diagnostics.
Market Cap: Approx. USD 30 million.
19. Hologic, Inc. (Neurological Biopsy Systems)
About: Known for diagnostic and surgical solutions.
Products: Neurological biopsy systems for brain tissue sampling.
Market Cap: Approx. USD 16 billion.
20. Katalyst
About: Specializes in wearable neurostimulation technology.
Products: Electrical muscle stimulation suits for rehabilitation and performance.
Market Cap: Private company.
Request a customized case study tailored to your business needs and gain deeper insights
into healthcare market strategies: sales@towardshealthcare.com
FAQs About the Neurology Devices Market
Q1. What is driving the growth of the neurology devices market?
The market is driven by the increasing prevalence of neurological disorders, technological advancements, and growing awareness for early diagnosis.
Q2. Which region holds the largest share in the neurology devices market?
North America dominates the market, holding approximately 41% share in 2024.
Q3. What is the fastest-growing region in this market?
Asia-Pacific is expected to grow at the fastest rate due to rising healthcare investments and increasing incidence of neurological diseases.
Q4. Which product type dominates the neurology devices market?
Neurostimulation devices hold the largest share, accounting for around 34% of the market in 2024.
Q5. Who are the top companies in the neurology devices industry?
Key players include Medtronic, Boston Scientific, Abbott, Stryker, Penumbra, NeuroPace, and others.
Source : https://www.towardshealthcare.com/insights/neurology-devices-market-sizing
Invest in Our Premium Strategic Solution: https://www.towardshealthcare.com/price/5923
About the Author
