Brain monitoring devices are used to monitor and diagnose abnormal activities in the brain. Brain monitoring devices assist in monitoring electrical and neural activity in the brain. In addition, they help in monitoring the blood flow in the veins and arteries situated in the brain. Growing prevalence of target conditions such as neurological disorders, autoimmune and cardiovascular diseases across the world is the primary growth driver of the global brain monitoring devices market. The presence of high incidence rates of diseases leading to brain disorders such as epilepsy, Alzheimer’s disease, brain tumors and multiple sclerosis will also serve this market as high impact rendering drivers. According to the estimates of the WHO in 2011 the global prevalence of epilepsy and multiple sclerosis was calculated at 50 million and 2.5 million respectively.
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Improvement in functionality, user-friendliness and cost effectiveness of new brain monitoring devices enabled with technological advancements and the growing demand for brain monitoring devices in the pre-surgery and post-surgery stages will fuel the future growth of this market. Rising installations and demand of brain monitoring devices in critical care settings such as the ICU (intensive care unit) will also ensure a healthy growth of this market in the future.
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The electroencephalograph market is one of the largest product segments in this market. High prevalence of epilepsy and sleep disorders coupled with the presence of high unmet medical needs in these segments attribute for its market share. In terms of geography, this market is dominated by the North American region owing to the high market penetration of digital and mobile medical devices in this region supported by the presence of high healthcare expenditure and sophisticated healthcare infrastructure.
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