Neurotechnology Market Report for M&A, Expansion, and Competitive Benchmarking (2025–2034)

The Business Research Company's Neurotechnology Global Market Report 2025 – Market Size, Trends, And Global Forecast 2025-2034

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How Big Is The Global Neurotechnology Market Expected To Grow, And What Is Its Annual Growth Rate?
The neurotechnology market has seen rapid growth in recent years, escalating from $15.38 billion in 2024 to a projected $17.39 billion in 2025. This signifies a compound annual growth rate CAGR of 13.1%. Factors such as increased research funding, an aging population, prevalence of neurological disorders, regulatory support, and government initiatives have spurred this growth during the historical period.

What's The Anticipated Market Size And Growth Rate?
Moving forward, the neurotechnology market is expected to witness meteoric expansion. It's projected to grow to $29.8 billion in 2029 at a CAGR of 14.4%. Key factors contributing to this growth include advancements in regulations, genomics, and neurology, telemedicine in neurology, adoption of precision medicine, and development of closed-loop systems. Further, emerging trends such as advancements in neuroinformatics, neuroplasticity interventions, brain mapping initiatives, remote monitoring solutions, and non-invasive brain stimulation are set to shape the future of this field.

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What Drives The Upward Trajectory Of The Neurotechnology Market?
The increased prevalence of neurological conditions is anticipated to further fuel the growth of the neurotechnology market. Neurological conditions encompass any disorder or disease that impacts the brain. Common examples include Alzheimer's disease, Parkinson's disease, epilepsy, and migraines. Neurotechnology plays a vital role in the diagnosis and treatment of these neurological disorders through techniques such as brain imaging, neurostimulation, neurofeedback, and brain-computer interfaces.

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Which Key Industry Players Are Steering The Market's Growth?
Prominent companies operating in the neurotechnology market include General Electric, Medtronic PLC, Koninklijke Philips N.V., Shimadzu Corporation, EndoStim Inc., Elekta AB, and Natus Medical Incorporated, among others. These players continue to pioneer advancements and dominate the market landscape.

What Technological Trends Are Making Waves In The Market?
Technology indeed plays a central role in market growth. Companies are rapidly adopting new technologies to maintain their market standing. These technological advancements have emerged as a key trend gaining popularity in the neurotechnology market.

How Is The Neurotechnology Market Segmented?
The neurotechnology market encapsulates an array of segments. By conditions, it includes cognitive disorders, pain treatment, urinary and faecal incontinence, epilepsy, Parkinson's disease, hearing conditions, sleep disorder, depression, among others. In terms of type, it spans imaging modalities, neurostimulation, cranial surface measurement, neurological implants, and other types. End-uses range from ambulatory surgical centers, hospitals, and homecare facilities to other end uses.

What Does The Regional Landscape Look Like?
In 2024, North America emerged as the largest region in the neurotechnology market. However, Europe is predicted to be the fastest-growing region during the forecast period. The report covers diverse regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa, and numerous countries including Australia, Brazil, China, France, Germany, India, among others.

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