The latest report from Growth Plus Reports analyzes the product type, applications, demand, major manufacturers, and SWOT analysis of the global brain monitoring device market.
The brain monitoring device market report helps to decide the optimum distribution methods for certain products and potential markets for product launches. The report analyzes trends that influence the market’s manufacturing strategy. With this report, you can gain insights into the detailed TOC, Tables, and Charts that represent important data, information, statistics, trends, and detailed competitive landscape information in this market.
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Key Takeaways:
- The increasing prevalence of neurological disorders will drive market revenue growth.
- Increasing head injuries and road accidents will drive demand for the brain monitoring device.
- North America dominates the global brain monitoring device market.
Market Drivers
An increase in the prevalence of neurological diseases will drive the revenue growth of the brain monitoring device market. Furthermore, the rising geriatric population, the increasing number of traumatic brain injuries, and the rising demand for non-invasive or minimally invasive devices are expected to boost the market revenue growth rate. Apart from this, the rapid adoption of advanced technologies increased the application of brain monitoring devices in pre-surgery and post-surgery, and increasing innovation is expected to support the market’s revenue growth.
Market Segmentation
Growth Plus Reports has analyzed the global brain monitoring device market from four perspectives: Product Type, Disease, End User, and Region.
Product Type Segmentation: Based on the product type, the global brain monitoring device market is segmented into intracranial pressure monitors, MRI scanners, electroencephalograph (EEG) systems, magneto encephalograph (MEG) systems, PET scanners, CT scanners, cerebral oximeters, sleep monitoring devices, and transcranial doppler. The electroencephalograph (EEG) systems segment accounts for the largest revenue share because of the increasing prevalence of epilepsy, sleep disorders, and other seizure disorders.
Disease Segmentation: Based on the disease, the global brain monitoring device market is segmented into traumatic brain injuries (TBI), stroke, dementia, epilepsy, headache, and sleep disorders based on diseases. The traumatic brain injuries (TBI) segment dominates the market because of the rise in traumatic brain injuries and road accidents.
End User Segmentation: Based on the end user, the global brain monitoring device market is segmented into hospitals, ambulatory surgery centers, and diagnostic centers. The hospital segment dominates the market because of the high footfall and the fact that high-tech and costly equipment required in brain monitoring is present in hospitals.
Regional Growth Dynamics
Based on the region, the global brain monitoring device market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
North America dominates the global brain monitoring device market with the largest revenue share. The well-developed healthcare infrastructure, better reimbursement policies, an increase in the prevalence of neurological disorders such as traumatic brain injuries (TBI), stroke, dementia, epilepsy, etc., and the presence of top players in the region are responsible for North America’s significant revenue share in the global market.
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Competitive Landscape
The major players operating in the global brain monitoring device market are:
- Nihon Kohden Corporation
- Philips Healthcare
- Natus Medical Inc.
- GE Healthcare
- Siemens Healthineers AG
- Medtronic Plc
- Compumedics Ltd
- Edwards Lifesciences Corporation
- Drägerwerk AG & Co. KGaA
- Advanced Brain Monitoring Inc.
- Masimo Corporation
- Spiegelberg GmbH & Co. KG
- Cadwell Industries Inc.
- NeuroWave Systems Inc.
- Integra LifeSciences Holdings Corporation
With various multinational players, the brain monitoring device devices market is slightly competitive. The major players emphasize technological advancements, R&D, and mergers and acquisitions to strengthen their market presence.
Recent developments:
- Medtronic plc entered into a strategic partnership with BioIntelliSense in August 2022. Medtronic’s patient monitoring business will get access to medical-grade devices that deliver continuous vital sign measurements of general care patients during the hospital stay and upon discharge as a result of this partnership.
- Masimo Corporation obtained FDA approval in February 2022 for their new modified SedLine system for patients as young as one year old with the existing indication to assist in maintaining an adequate depth of anesthesia and detect any adverse reactions to the sedative.
Table of Content
- INTRODUCTION
- Market Ecosystem
- Timeline Under Consideration
- Historical Years – 2020
- Base Year – 2021
- Forecasted Years – 2022 to 2030
- Currency Used in the Report
- RESEARCH METHODOLOGY
- Research Approach
- Data Collection Methodology
- Data Sources
- Secondary Sources
- Primary Sources
- Market Estimation Approach
- Bottom Up
- Top Down
- Market Forecasting Model
- Limitations and Assumptions
- PREMIUM INSIGHTS
- Current Market Trend (COVID-19 Perspective)
- Key Players & Competitive Positioning (2021)
- MARKET DYNAMICS
- Drivers
- Restraints/Challenges
- Opportunities
- GLOBAL BRAIN MONITORING DEVICE MARKET – ANALYSIS & FORECAST, BY PRODUCT TYPE
- Intracranial Pressure Monitors
- MRI Scanners
- Electroencephalograph (EEG) Systems
- Magneto encephalograph (MEG) Systems
- PET Scanners
- CT Scanners
- Cerebral Oximeters
- Sleep monitoring Devices
- Transcranial Doppler
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VALUE PROPOSITIONS RELATED TO THE REPORT:
- Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
- Comprehensive quantitative and qualitative insights at segment and sub-segment level
- Covid 19 impact trends and perspective
- Granular insights at global/regional/country level
- Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
- Blanket coverage on competitive landscape
- Winning imperatives
- Exhaustive coverage on ‘Strategic Developments’ registered by leading players of the market
CUSTOMIZATION OPTIONS:
- Distributor Landscape Assessment
- Pricing Intelligence
- Customer Base Assessment
- Investment & Initiatives Analysis
- ‘Business Profile’ of Key Players
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