Market Overview:
Brain monitoring is an essential process to study and report the functioning of the brain. With the incorporation of advanced technology in the healthcare sector, various advanced medical devices have been launched to monitor the brain cells effectively. According to the report published by Market Research Future (MRFR), the global brain monitoring market is registered to project expansion at a moderate rate in the next five years.
Key Players:
The prominent players profiled by MRFR in the report on the global brain monitoring market are Philips Healthcare (Netherlands), Medtronic plc (Ireland), Natus Medical Inc. (the U.S.), Nihon Kohden Corporation (Japan), Siemens Healthineers (Germany), GE Healthcare (the U.K.), Compumedics Ltd. (Australia), Electrical Geodesics Incorporated (the U.S.), CAS Medical Systems, Inc. (the U.S.), and Advanced Brain Monitoring (the U.S.).
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Market Drivers and Restraints:
Global increase in incidences of neurological disorders due to changing lifestyle and increasing stress levels have induced a high demand for advanced monitoring systems to accurately diagnose the root cause of disorders, which is projected to be fuelling the growth of the global brain monitoring market. Increase in cases of depression, brain injuries caused in road accidents and other neurological disorders are majorly driving the expansion of the global brain monitoring market.
Rapid advancement in technology has resulted in the introduction of highly effective brain monitoring systems and devices, leading to the significant expansion of the global brain monitoring market. However, the lack of awareness regarding the availability of advanced brain monitoring technology and poor primary health care services in the underdeveloped regions are likely to create hindrance in the growth of the global brain monitoring market during the forecast period.
Market Segmentation:
The global brain monitoring market has been segmented on the basis of devices, procedure, mobility and end users. Based on devices, the brain monitoring market has been segmented into intracranial pressure monitor, magneto encephalography (MEG), electroencephalograph (EEG), cerebral oximeters, and transcranial doppler. Based on procedure, the brain monitoring market has been segmented into invasive and non-invasive. Based on modality, the brain monitoring market has been segmented into portable EEG devices and fixed EEG devices. Based on end users, the brain monitoring market has been segmented into hospitals, diagnostic center and others.
Regional Analysis:
Geographically, the global brain monitoring market is segmented into four major regions such as North America, Europe, Asia Pacific and the Middle East and Africa. The brain monitoring market in the North America region is expanding at a significant pace owing to the easy adoption of advanced technology in the well-developed healthcare sector of this region. The Europe region is growing at a noteworthy rate in the global brain monitoring market owing to the increasing healthcare expenditure and rise in incidences of neurological disorders among the population of this region.
Industry Updates:
In January 2018, Masimo, an American developer of non-invasive patient monitoring technologies, has received FDA approval for home use of Rad-97, its new product that offers non-invasive pulse oximetry and continuous monitoring.
In February 2018, Elekta, a Swedish company that provides radiosurgery, radiation therapy, related equipment and clinical management for treatment of brain disorders and cancer, has received clearance from China Food and Drug Administration (CFDA) for its new product, Leksell Gamma Knife Icon Radiosurgery System.
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