Polaris Market Research recently published a research report on “Brain Monitoring Devices Market Share, Size, Trends, Industry Analysis Report, By Product, By Procedure (Invasive, Non-invasive), By Application, By End-Use (Hospitals, Neurological Centers, Diagnostic Centers), By Region; Segment Forecast, 2022 – 2030” in its research database.
According to a recent research study, the global brain monitoring devices market share was valued at USD 5.76 billion in 2021 and is expected to surpass USD 9.86 Billion by 2030, growing at a CAGR of 6.6% during the forecast period.
What are Brain Monitoring Devices [Equipment]? How Big is Brain Monitoring Devices [Equipment] Market?
Brain monitoring devices comprise wearable technology that enables physicians and researchers to study brain activities. This is done by examining the structure and function of the brain. Researchers use Neuro-diagnostics devices, electroencephalography devices, intracranial pressure monitors, and magnetoencephalography such as to study brain capacities. Brain monitoring devices help in understanding how the brain works during diagnosing or treatment of neuropsychiatric conditions.
Other applications include cognitive assessments, monitoring brain injury, enhancement of neural function, pain management, epilepsy, and sleep assessment. Growing cases of neurological diseases and technological developments are expected to drive demand for the brain monitoring devices market during the forecast period.
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Some of the Top Market Players Are:
- Advanced Brain Monitoring
- Braun Medical BD
- Cadwell Industries Inc.
- CAS Medical Systems Inc. Compumedics Limited
- DePuy Synthes Companies
- Electrical Geodesics Inc
- Elekta AB
- EMOTIV Inc.
- General Electric
- Integra LifeSciences Corporation
- Koninklijke Philips N.
- Masimo Corporation
- Natus Medical Incorporated
- NIHON KOHDEN CORPORATION
- Rimed Inc.
- Siemens Healthcare Private Limited
- Yokogawa Electric Corporation
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What are the Growth Drivers?
The increasing awareness of neurodegenerative diseases, increasing traumatic brain injuries, and rising demand for brain monitoring in clinical trials. The elderly demographic is also one of the factors driving the growth of the brain monitoring devices market. An increase in head damage cases globally also fuels the development of brain monitoring devices. The growing demand for non-invasive and minimally invasive devices coupled with a surge in the healthcare market in emerging economies is anticipated to create lucrative opportunities in the brain monitoring devices market.
Moreover, rising case of dementia, Parkinson’s disease, stroke, epilepsy, Alzheimer’s disease, seizures, dementia, and others across the world is expected to propel the industry demand. For instance, according to WHO figures, dementia, since September 2019, has affected nearly 50 million individuals across the world. Technological developments are expected to fuel market growth over the projected period.
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Report Key Segmentation Analysis
- Insight by Product
Based on the product, Electroencephalography (EEG) equipment segment is anticipated to hold the largest share in the global brain monitoring devices market. This growth can be attributed to the elderly demographic coupled with the use of EEG technology in enterprise facilities. Increasing cases of neurological illnesses such as Alzheimer’s and epilepsy are further expected to positively influence the growth of the industry.
- Insights by Application
Based on application, the traumatic brain injuries application segment is expected to account for a considerable pace during the forecast period owing to rising TBI due to increasing military compacts and accidents. In addition, the growing adoption of the latest devices in developed countries, as well as rising clinical trials for technological developments, are the factors expected to promote the development of the monitoring devices industry.
Brain Monitoring Devices Market: Report Scope
|Market Outlook for 2030||USD 9.86 Billion|
|Market Size 2021 Value||USD 5.76 Billion|
|Expected CAGR Growth||6.6% from 2022 – 2030|
|Forecast Year||2022 – 2030|
|Top Market Players||Advanced Brain Monitoring, B. Braun Medical, BD, Cadwell Industries, Inc., CAS Medical Systems Inc. Compumedics Limited, DePuySynthes Companies, Electrical Geodesics, Inc, Elekta AB, EMOTIV Inc., General Electric, Integra LifeSciences Corporation, Koninklijke Philips N., Masimo Corporation, Medtronic, Natus Medical Incorporated, NIHON KOHDEN CORPORATION, Rimed Inc., Siemens Healthcare Private Limited, and Yokogawa Electric Corporation.|
|Segments Covered||By Product, By Procedure, By Application, By End-Use, By Region|
|Regional scope||North America, Europe, Asia Pacific, Latin America; Middle East & Africa|
|Customization Options||Customized purchase options are available to meet your research needs. Explore customized purchase options|
Also Read Press Release: Brain Monitoring Devices Market Size worth $9.86 Billion By 2030 | CAGR: 6.6%
Geographic Overview: Brain Monitoring Devices Market
On the basis of geographic overview, North America held the largest share in the brain monitoring devices market in 2021 and is expected to continue its dominance over the forecast period. The key driving factors of this region include the growing prevalence of neurological diseases and a surge in clinical trials for these products in developing countries such as the U.S. and Canada.
Moreover, the Asia Pacific region is anticipated to show considerable growth over the foreseen period owing to the growing population of geriatric people in emerging countries such as Japan and China.
Browse the Detail Report “Brain Monitoring Devices Market Share, Size, Trends, Industry Analysis Report, By Product, By Procedure (Invasive, Non-invasive), By Application, By End-Use (Hospitals, Neurological Centers, Diagnostic Centers), By Region; Segment Forecast, 2022 – 2030” with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/brain-monitoring-devices-market
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- In 2021, Innovative Medcare Technology PTY Ltd. made an agreement with Spiegelberg for distributing Spiegelberg’s product portfolio in Australia & New Zealand.
- In 2018, GE Healthcare unveiled its SIGNA Premier 3.0T magnetic resonance imaging (MRI) system in Canada.
Polaris Market Research has segmented the brain monitoring devices market report on the basis of product, procedure, application, end-user, and region:
Brain Monitoring Devices Market: By Product Outlook
- Magnetoencephalography (MEG) Devices
- Electroencephalography (EEG) Devices
- Intracranial Pressure (ICP) Monitors
- Transcranial Doppler (TCD) Devices
- Cerebral Oximeters
- Computerized Tomography (CT) Devices
- Magnetic Resonance Imaging (MRI) Devices
- Positron Emission Tomography (PET) Devices
- Sleep Monitoring Devices
- Electromyography (EMG) Devices and Accessories
Brain Monitoring Devices Market: By Procedure Outlook
Brain Monitoring Devices Market: By Application Outlook
- Parkinson’s Disease
- Headache Disorders
- Huntington’s Disease
- Traumatic Brain Injuries
- Sleep Disorders
Brain Monitoring Devices Market: By End-Use Outlook
- Neurological Centers
- Diagnostic Centers
Brain Monitoring Devices Market: By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Spain, Netherlands, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
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