Increasing cases of neurological diseases, which incorporate depression, nervousness, ADHD, and different dementias are expected to support the biofeedback measurement instrument market development during the forecast period. For example, as per the World Alzheimer Report distributed by Alzheimer’s Disease International (ADI), in 2015, the latest dementia cases across areas were 4.9 million (49.0%) in Asia Pacific, 2.5 million (25.0%) in Europe, 1.7 million (18.0%) in the Americas, and 0.8 million (8.0%) in Africa. Moreover, as per the Parkinson’s UK, in 2015 around 137,000 individuals experienced Parkinson’s in the U.K.
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Parkinson’s disease is the second most normal age-related neurodegenerative disease after Alzheimer’s. For example, as indicated by the Parkinson’s UK, in 2015, the assessed number of individuals with Parkinson’s disease in Northern Ireland was 241, in which 157 were male and 85 were female.
In 2019, the global biofeedback measurement instrument market was worth US$ 148.68 million, with a CAGR of 6.2 percent predicted over the forecast period (2020-2027).
During the forecast period, the market is expected to rise due to an increase in the number of neurological disorders.
During the forecast period, the rising number of neurological disorders is expected to drive market growth. Bipolar disorder affected 46 million people in 2017, according to the Global Burden of Disease report.
In 2017, 20 million people were diagnosed with schizophrenia, according to the Global Burden of Disease report.
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Because of the high number of neurological disorders cases, North America is expected to dominate the industry. Mental health conditions affected 9.3% of males and 11.9 percent of females in 2017, according to the Global Burden of Disease report. According to the report, 2.7 percent of males and 4.1 percent of females suffer from depression.
In addition, Europe is expected to hold the second largest share of the overall industry during the forecast time frame due to a rising number of mental issues. As indicated by the Mental Health Foundation, in 2013, around 8.2 million instances of nervousness problem analyzed in the U.K. Likewise, as per the Organization for Economic Co-activity and Development’s European Union 2018 Report, around 84 million individuals in Europe had emotional wellness issues.
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