Brain Monitoring Market Boost the Industry Growth With USD 6,595 Million By 2025: Global Players Compumedics, Advanced Brain Monitoring & Siemens AG
The global brain monitoring devices market has witnessed exceptional growth in the past few years. The increase in the geriatric population and rise in the prevalence of chronic diseases contribute toward market growth. In addition, advancements in technology is another factor expected to boost market growth during the forecast period.
However, stringent government regulations and unfavourable reimbursement policies are projected to hamper market growth during the forecast period. Conversely, untapped markets in the developing countries are expected to offer remunerative opportunities for the market players in the near future.
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• Advanced Brain Monitoring Inc.
• Siemens AG
• CAS Medical Systems Inc.
• General Electric Company (GE Healthcare)
• Medtronic Plc.
• Neural Analytics Inc.
Non-invasive procedures segment to manifest the fastest growth by 2025
The non-invasive procedures segment is projected to portray the fastest CAGR of 6.9% during the study period. Moreover, the segment held the largest share, contributing about 90% of the total market in 2017. The report analyzes the segment of invasive procedure.
Traumatic brain injuries segment dominates the market
The traumatic brain injuries segment dominated the market in terms of market share, contributing about one-fifth of the total market in 2017. However, Parkinson's disease segment is estimated to portray the fastest CAGR of 8.8% during the forecast period. The report includes other segments such as epilepsy, dementia, Huntington's disease, headache disorders, stroke, sleep disorders, and other diseases.
Key Findings of the Brain Monitoring Market:
• Based on product type, the electromyography devices segment is expected to experience rapid growth in the market, and is projected to grow at a highest CAGR of 8.0% from 2018 to 2025.
• Depending on procedure, the invasive segment holds the highest share in 2017, and is anticipated to continue this trend during the forecast period.
• By application, the traumatic brain injuries segment was the major revenue contributor in 2017, and is anticipated to continue this trend during the forecast period.
• U.S. generated the highest revenue in the global brain monitoring market in 2017, accounting for more than two-fifths of the global market in 2017.
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