According to a new report, published by KBV research, The Global Digital Health In Neurology Market size is expected to reach $130.8 billion by 2030, rising at a market growth of 22.2% CAGR during the forecast period.
NLP technologies are streamlining clinical documentation processes. Neurologists can leverage voice recognition and NLP to document patient encounters efficiently, reducing administrative burdens and enhancing workflow efficiency. NLP technologies go beyond simple voice recognition by incorporating natural language understanding. This allows the system to comprehend the context, nuances, and specific medical terminology used in neurology. Neurologists can convey complex medical information in a natural manner, and the system understands the context, ensuring accurate and meaningful documentation.
Moreover, digital platforms facilitating collaborative care are gaining prominence. These platforms connect neurologists with other healthcare professionals, fostering multidisciplinary approaches to neurological care and promoting comprehensive patient management. Collaborative platforms support the creation of long-term care plans, ensuring continuous and well-coordinated care for patients with chronic neurological conditions. Patients with chronic conditions benefit from a coordinated approach, empowering them to manage their health actively.
The Services segment is leading the Global Digital Health In Neurology Market by Component in 2022; thereby, achieving a market value of $57.1 billion by 2030. Advanced analytics and AI applications are increasingly utilized in neurology to analyze large datasets, identify patterns, and assist in diagnosis and treatment planning. These technologies enhance the precision and efficiency of neurological services. Digital health services aim to engage patients actively in their care. Apps and platforms providing information, reminders, and tools for self-management can contribute to improved outcomes in neurology. Thus, the segment will expand rapidly in the upcoming years.
The Payers segment is registering a CAGR of 22.8% during (2023 - 2030). Payers are likely to be more interested in digital health solutions that have proven clinical efficacy and can demonstrate positive outcomes in managing neurological conditions. Robust data supporting the effectiveness of digital interventions may encourage payer adoption. Digital health technologies enabling remote monitoring of neurological patients can attract payers. Thus, these aspects can lead to increased demand in the segment.
Full Report: https://www.kbvresearch.com/digital-health-in-neurology-market/
The North America region dominated the Global Digital Health In Neurology Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $47.8 billion by 2030. The Europe region is poised to grow a CAGR of 21.8% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 23.1% during (2023 - 2030).
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