Brain health devices enable scientists and physicians to analyze brain activities, brain diseases, and brain-machine interfaces (BMI). Recent advances in this monitoring technology have allowed scientists and physicians to identify abnormal brain activity before it becomes too late. Moreover, portable brain monitoring technology is expected to be dispensable, especially during Covid-19 pandemic.
The global brain health devices market was valued at US$ 9,070.5 million in 2018, and is expected to witness a CAGR of 7.7% during the forecast period (2019–2026).
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Recent Developments
Major players operating in the global brain health devices market are focused on approval and launch of new products to expand their product portfolio. For instance, in April 2019, the U.S. Food and Drug Administration granted 510(k) clearance for Deep Learning Image Reconstruction engine on the new Revolution Apex computed tomography (CT) device from GE Healthcare. It uses a dedicated deep neural network (DNN) to generate TrueFidelity CT Images.
Global Brain Health Devices Market: Drivers
Approval and launch of new devices is expected to propel growth of the global brain health devices market over the forecast period. For instance, in January 2017, Neural Analytics Inc. received the CE marking for its Lucid M1 Transcranial Doppler Ultrasound System designed for rapid triaging and monitoring of patients with brain disorders.
Moreover, high prevalence of dementia is also expected to propel growth of the global brain health devices market over the forecast period. For instance, according to Public Health England’s Statistical commentary: dementia profile, April 2019 update, in U.K. geriatric population, the prevalence rate of recorded dementia was 4.3 per 100 registered general practice population in 2018, which accounted for 448,300 cases with dementia, 10,200 more than in 2017.
Market Trends
Major players operating in the global brain health devices market are focused on approval and launch of new products to expand their product portfolio. For instance, in July 2018, the U.S. Food and Drug Administration granted 510(k) clearance to IRRAflow, an integrated, closed medical device system by IRRAS AB which enables controlled cerebrospinal fluid management and continuous monitoring of intracranial pressure.
North America is expected to witness significant growth in the global brain health devices market, owing to increasing prevalence of Parkinson’s disease in the region. For instance, according to the study, ‘Prevalence of Parkinson’s disease (PD) across North America”, published in July 2018 in the journal Nature, the number of people suffering from PD is expected to reach 930,000 in 2020 and 1,238,000 in 2030.
Global Brain Health Devices Market: Restraints
Product recalls are expected to limit growth of the global brain health devices market. For instance, in September 2018, Alpha Omega Engineering received a product recall notice from the U.S. Food and Drug Administration for the Neuro Omega System including the Drive Headstage unit due to a risks related to improper electrode connection, which could cause the device to adopt high electrical stimulation and damage brain tissue.
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Global Brain Health Devices Market: Competitive Landscape
Major players operating in the global brain health devices market include, Advanced Brain Monitoring, Inc., BrainScope Company, Inc., Bio-Signal Group Corp., Cadwell Industries, Inc. Compumedics Ltd., DePuy Synthes, Elekta, Electrical Geodesics, Inc., GE Healthcare, Medtronic plc, MEG International Services Ltd, Natus Medical, Inc., Neurowave Systems Inc., Nihon Kohden Corporation, and Philips Healthcare.
Global Brain Health Devices Market: Segmentation
On the basis of device type, the global brain health devices market is segmented into:
- Magnetic Resonance Imaging
- Magneto Encephalogram
- Computed Tomography
- Transcranial Doppler Device
- Others
On the basis of application, the global brain health devices market is segmented into:
- Stroke
- Dementia
- Epilepsy
- Dyslexia
- Others
On the basis of end user, the global brain health devices market is segmented into:
- Hospitals
- Specialty Clinics
- Others
On the basis of region, the global brain health devices market is segmented into:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
𝗖𝗵𝗿𝗶𝘀𝘁𝗺𝗮𝘀 𝗦𝗮𝗹𝗲 𝗜𝘀 𝗟𝗶𝘃𝗲!
𝗕𝘂𝘆 𝗡𝗼𝘄 𝗧𝗼 𝗔𝘃𝗮𝗶𝗹 𝗗𝗶𝘀𝗰𝗼𝘂𝗻𝘁 𝗙𝗿𝗼𝗺 𝟮𝟱-𝟯𝟬% 𝘁𝗶𝗹𝗹 𝟯𝟭-𝗗𝗲𝗰-𝟮𝟬𝟮𝟭
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Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global Brain Health Devices Market Size Analysis from 2021 to 2027
11.6 COVID-19 Outbreak: Brain Health Devices Industry Impact
Chapter 2 Global Brain Health Devices Competition by Types, Applications, and Top Regions and Countries
2.1 Global Brain Health Devices (Volume and Value) by Type
2.3 Global Brain Health Devices (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Brain Health Devices Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Brain Health Devices Market Analysis
Chapter 6 East Asia Brain Health Devices Market Analysis
Chapter 7 Europe Brain Health Devices Market Analysis
Chapter 8 South Asia Brain Health Devices Market Analysis
Chapter 9 Southeast Asia Brain Health Devices Market Analysis
Chapter 10 Middle East Brain Health Devices Market Analysis
Chapter 11 Africa Brain Health Devices Market Analysis
Chapter 12 Oceania Brain Health Devices Market Analysis
Chapter 13 South America Brain Health Devices Market Analysis
Chapter 14 Company Profiles and Key Figures in Brain Health Devices Business
Chapter 15 Global Brain Health Devices Market Forecast (2021-2027)
Chapter 16 Conclusions
Research Methodology
Continued….
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