The Global Brain Monitoring Market is expected to reach $xx Mn in 2027 from $xx Mn in 2020, at a CAGR of xx% during the forecast period.
Global Brain Monitoring Market Overview:
Brain Monitoring is an important process of identifying any abnormality in the functioning of brain cells. These are used to monitor neurological disorders like Alzheimer’s, Parkinson’s, Epilepsy, multiple sclerosis, brain tumor, Traumatic Brain Injury, hemorrhage, and others. A wide variety of tools exist to assess different components and aspects of brain activities, which include Electroencephalography (EEG) for measuring brain functioning.
The report covers the detailed analysis of the global Brain Monitoring industry with the classifications of the market on the product type, application, and end-users. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key players' contribution in it.
The report has profiled fifteen key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed and the report has come up with recommendations for a future hot spot in the APAC region.
Global Brain Monitoring Market Dynamics:
Increasing prevalence of neurological disorders over many years, like Parkinson’s disease, Epilepsy, Alzheimer’s disease and others act as the major factors in driving the growth of the global Brain monitoring market. This can primarily be attributed to the growing geriatric population. According to the survey done by WHO in June 2019, the data states that approximately 50 million people are affected with Epilepsy, of this, nearly 80% population is from low and middle-income countries. These neurological conditions are highly progressive and their risk increases with age. Hence, monitoring these neurological disorders has become necessary. In addition, technological advancements are expected to boost the market growth during the forecast period.
However, the high cost of brain monitoring procedures and devices may restrain the growth of global brain monitoring market, especially in developing and underdeveloped economies with poor reimbursement policies. For instance, the average cost of a standard EEG is ~USD 200–700; this procedure can cost as high as USD 3,000 for extended monitoring.
Global Brain Monitoring Market Regional Insights:
Global Brain Monitoring Market
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North America is expected to account the largest share of xx% throughout the forecast period.
Each year, around 235,000 patients are hospitalized in the United States with Traumatic Brain Injury with a significant portion having severe TBI. In the United States, about 30,000 people each year have an aneurysmal subarachnoid hemorrhage with a mortality close to 50%. The impact of brain monitoring lies in the common thread among these pathologies. Along with this, growing clinical trials of brain monitoring products and the availability of favorable medical reimbursement policies in the region propel the market growth. Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2020-2025 owing to the increase in the geriatric population and people suffering from chronic diseases and a rise in the purchasing power of countries in the region.
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Global Brain Monitoring Market Segmentation:
The Global Brain Monitoring Market is segmented based on product type, application, and end-users. In the product type segment various devices like Electroencephalograph, Magnetoencephalography, Cerebral Oximeters, and Functional Magnetic Resonance Imaging (fMRI) is covered. Based on the application segment, major neurological disorders like Parkinson’s, Alzheimer’s, Epilepsy, and Traumatic Brain Injury are explained. The End-users segment include Hospitals and Diagnostics Centers.
Global Brain Monitoring Market, By Product Type:
• Cerebral Oximeters
• Functional Magnetic Resonance Imaging (fMRI)
• Intracranial Pressure Monitoring Devices
Global Brain Monitoring Market, By Application:
• Parkinson’s Disease
• Alzheimer’s Disease
• Traumatic Brain Injury
Global Brain Monitoring Market, By End-Users:
• Diagnostics Center
Segment Analysis: Based on Product Type
Global Brain Monitoring Market1
The Electroencephalograph segment is expected to witness lucrative growth of xx% during forecast period.
By using a technology known as Electroencephalography (EEG) that measures patterns of electrical activity in the brain, the device will help collect and interpret data to be used as an objective measurement of depression. Of various methods, EEG is the most versatile and cost-efficient solution. Using EEG helps in measuring the electrical activity generated by the various cortical layers of the human brain. Specifically, electrical signals are picked up from gray matter regions, which have high densities of pyramidal cells that communicate with each other. EEG allows to record brain processes that occur shortly after the onset of visual or audio stimuli (there are consistent brain processes already after 50-100 ms post-stimulus), but it also helps to monitor brain states reflecting engagement, drowsiness over longer periods. This excellent time resolution gives insights into the precise timing of brain processing.
Key players operating in global Brain Monitoring market:
• Medtronic PLC
• Integra Life sciences
• Natus Medical
• Nihon Kohden Corporation
• Philips Healthcare
• GE healthcare
• Siemens Healthineers
• Compumedics Ltd.
• Masimo corporation
• Cadwell Industries
• NeuroWave Systems
• Nonin Medical
The report also helps in understanding Global Brain Monitoring Market dynamics, structure by analyzing the market segments and project the Global Brain Monitoring Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Brain Monitoring Market make the report investor’s guide.
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