Brain Monitoring Market Size is estimated to grow at a CAGR of 7.2% during the forecast period

 

For the projected period of 2022–2030, the global brain monitoring market is anticipated to develop at a compound annual growth rate (CAGR) of 7.2%.

Brain monitoring usually entails the use of tools to track and identify neurological disorders of the brain through an investigation of its structure and functions. The gadgets serve to monitor blood flow in the veins and arteries located within the brain in addition to electrical and neurological activity within the brain.

Intracranial pressure monitors, magnetoencephalography devices, and electroencephalography devices are the most widely used and accessible brain monitoring tools.

 

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GROWTH DRIVERS:

The global brain monitoring market is growing due to a number of factors, including the increasing prevalence of neurological and neurodegenerative disorders and traumatic brain injuries worldwide and people's growing awareness of them; the growing number of applications of brain monitoring in clinical trials; the growing demand for minimally invasive and non-invasive devices; the rapidly developing global healthcare sector; the world's aging population; and the growing popularity of brain monitoring devices among healthcare providers.

The prevalence of brain illnesses in humans is rapidly increasing worldwide. An estimate states that in 2020 alone, over 2.8 million people worldwide suffered from multiple sclerosis. In addition, the prevalence of conditions including epilepsy, Alzheimer's disease, and brain tumors is rising quickly among people worldwide. The need for various brain monitoring systems for the prevention and treatment of various mental diseases is being supported by the extraordinary increase in the number of people experiencing various mental disorders. This, in turn, is driving the expansion of the global brain monitoring market.

But during the course of the forecast period, a number of factors, including the high cost of sophisticated brain monitoring procedures and devices, the existence of onerous government regulations and unfavorable reimbursement policies, the lack of a suitable healthcare infrastructure in emerging economies, and safety concerns regarding implantable devices, are anticipated to limit the growth of the global brain monitoring market to some extent.

BRAIN MONITORING MARKET SEGMENTATION:

By Product:

·         Devices

o   By Type

§  Magnetic Resonance Imaging (MRI) Scanners

§  Computerized Tomography (CT) Scanners

§  Electroencephalograph (EEG) Devices

§  Positron Emission Tomography (PET) Scanners

§  Sleep Monitoring Devices

§  Cerebral Oximeters

§  Electromyography (EMG) Devices

§  Intracranial Pressure (ICP) Monitors

§  Magnetoencephalography (MEG) Devices

§  Transcranial Doppler (TCD) Devices

o   By Procedure

§  Devices for Invasive Procedures

§  Devices for Non-invasive Procedures

·         Accessories

o   By Type

§  Electrodes

·         Wet Electrodes

·         Dry Electrodes

·         Needle Electrodes

§  Sensors

§  Pastes & Gels

§  Caps

§  Cables

§  Batteries

§  Other Accessories

·         By Usability

o   Disposable

o   Reusable

 

By Medical Condition:

·         Traumatic Brain Injury (TBI)

·         Stroke

·         Dementia

·         Headache Disorders

·         Sleep Disorders

·         Parkinson’s Disease

·         Epilepsy

·         Huntington's Disease

·         Other Medical Conditions

 

By End User:

·         Hospitals

·         Neurology Centers

·         Ambulatory Surgery Centers (ASCs) & Clinics

·         Diagnostic Centers

·         Other End Users

 

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

 

KEY COMPANIES IN BRAIN MONITORING MARKET:

·         GE Healthcare

·         Siemens Healthineers

·         Compumedics Ltd.

·         Medtronic

·         Edwards Lifesciences Natus Medical Inc.

·         Nihon Kohden Corporation

·         Philips Healthcare

·         Drägerwerk AG & Co. KGaA

·         Advanced Brain Monitoring

·         Masimo Corporation

·         Spiegelberg GmbH & Co. KG

·         Cadwell Industries

·         NeuroWave Systems Inc.

·         Nonin Medical Inc.

·         Integra LifeSciences Corporation

·         Raumedic AG

·         NOVASIGNAL CORPORATION

·         Rimed

·         Other Players

 

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xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

                                   

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