Market Research Future has Published a Half-Cooked Research Report on Global Brain Monitoring Market Research Report- Forecast To 2022.
Brain Monitoring Market Overview:
Brain Monitoring Market Size is escalating mainly due to growing geriatric population. As per the recent report published by the Market Research Future, the brain monitoring market is booming and expected to gain prominence over the forecast period. The market is forecast to demonstrate a spectacular growth by the year 2022, surpassing its previous growth records in terms of value with a striking CAGR during the forecast period (2017 – 2022).
Rising prevalence of neurological disorders is the primary factor driving the brain monitoring market. Neurological disorders are on rise worldwide. On considering a 2014 study published in the Neurology India journal, it is found that out of total population of India, around 30 million individuals were suffering from neurological disorders in India.
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 Size is registered to project expansion at a moderate rate in the next five years.
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Brain Monitoring Market 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.)
- Advanced Brain Monitoring (the U.S.)
Global Brain Monitoring Market – Competitive Analysis
The brain monitoring market is currently dominated by various players. Due to rising prevalence of neurological conditions, and increasing demand various existing and new marketers are consistently coming up with technologically advanced products to control this condition. The brain monitoring market is dominated by numerous players.
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.
GE Healthcare is one of them by holding a prominent share in the market. The company is a global leader that develops, and manufactures multiple brain monitoring devices. The prime emphasis of the company is on the production of innovative products. The product portfolio of GE Healthcare includes MAC 2000 Resting ECG System, SEER 12 Digital Holter ECG Recorder, MAC 800, and others.
On November 28, 2017, GE Healthcare completed the acquisition of the UK based company, Puridify to bring improvements in the process development phase and small-scale manufacturing for variety of biopharmaceutical applications. Further, the company has also invested heavily in various R&D activities to bring innovative products in the market and to cater to the unmet market needs.
In today’s dynamic environment, many businesses are looking for companies in the same industry for horizontal mergers, and acquisitions. Integration among companies offer various benefits such as selling of products to larger market, diversification of products and services, reduction in the external competition, and cost of production.
On Aug. 17, 2017, HeartSciences, announced the European launch of its high sensitivity electrocardiograph Testing Device, MyoVista. The device measures the heart’s energy with each heartbeat with the help of an advanced signal processing named as Continuous Wavelet Transform (CWT).
On August 31, 2016, Koninklijke Philips N.V., entered a strategic agreement with Qualcomm Technologies, Inc. to offer enhanced, connected care solutions and services within a secure global ecosystem to their providers.
Brain Monitoring 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.
Brain Monitoring 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.
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.
Browse the market data and information spread across number of pages with data tables and figures of the report “Global Brain Monitoring Market Information, by devices (Intracranial pressure monitor, Magneto encephalography (MEG), Electroencephalograph (EEG), Cerebral oximeters, and Transcranial Doppler), by Procedure (invasive and non-invasive), by modality (Portable EEG devices, Fixed EEG devices), by end users (Hospitals, diagnostic center and others) – Forecast to 2022” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/brain-monitoring-market-2288
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