Brain Monitoring Market in COVID-19: Implications and Opportunities for Growth in all regions

The brain monitoring market generated $380 million in 2017, and is projected to grow at an average annual rate of 6.9% from 2018 to 2025 by 2025, reaching $6,595 million. The EEG device segment accounted for more than a fifth of the total market share in 2017.

Brain monitoring is a neural diagnostic device used to monitor and diagnose brain abnormalities by exploring the structure and function of the brain. The device is used to monitor nervous system disorders such as Alzheimer's, Parkinson's, epilepsy, dementia, multiple sclerosis, sleep disorders, brain tumors, and more. Increased incidence of nervous system disorders and increased awareness of disease increases the demand for brain monitoring devices around the world.

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The global brain monitoring device market has seen remarkable growth over the past few years. An increase in the elderly population and an increased prevalence of chronic diseases contribute to market growth. In addition, technological advances are another factor expected to accelerate market growth during the forecast period. However, strict government regulations and adverse reimbursement policies are expected to hinder market growth during the forecast period. Conversely, undeveloped markets in developing countries are expected to provide reward opportunities to market participants in the near future.

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Depending on the product type, the market includes electronic EEG (EEG) devices, magnetic EEG (MEG) devices, transcranial Doppler (TCD) devices, intracranial pressure (ICP) monitors, brain oximeters, magnetic resonance imaging (MRI) devices, and computed tomography (CT) device, Positron Emission Tomography (PET) device, Sleep monitoring device, Electromyography (EMG) device and accessories. The EEG segment was a major revenue contributor in 2017, and this trend is expected to continue during the forecast period due to increased demand for the diagnosis of critical disorders such as epilepsy. It also influenced the company to focus on the development of brain monitoring EEG devices.

Depending on the field of application, the market is divided into epilepsy, dementia, Parkinson's disease, Huntington's disease, headache disorders, stroke, traumatic brain injury, sleep disorders and other diseases. Patients suffering from Parkinson's disease require regular checkups due to lack of treatment. This increases the demand for brain monitoring devices.

North America is expected to remain dominant during the forecast period due to the well-developed healthcare industry, the presence of leading manufacturers in the region, and the adoption of high brain monitoring devices. However, in the Asia-Pacific region, it is expected to experience the highest growth rate during the forecast period due to the increase in the elderly population and increased purchasing power.

This report provides a comprehensive analysis of the leading players operating in the global brain monitoring market, Advanced Brain Monitoring, Inc., CAS Medical Systems, Inc., Compumedics Ltd., General Electric Company (GE Healthcare), Koninklijke Philips NV Philips Healthcare), Medtronic Plc., Natus Medical Incorporated, Neural Analytics, Inc. And Siemens AG.

Other companies in the value chain include Cadwell Laboratories, Neurosoft Limited, Elekta A.B., InfraSacn, Inc. And BrainScope Company, Inc. Etc.

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Key results of the brain monitoring market:
• Depending on the type of product, the EMG device segment is expected to experience rapid growth in the market and is expected to grow at a CAGR of 8.0% of the highest from 2018 to 2025.
• In accordance with the procedure, the invasive sector has the highest share in 2017, and this trend is expected to continue during the forecast period.
• Due to its application, the traumatic brain injury sector was a major source of income in 2017 and this trend is expected to continue during the forecast period.
• The U.S. generated the highest revenue in the world brain monitoring market in 2017, accounting for more than 2/5 of the world market in 2017.
• LAMEA is expected to grow at an average annual rate of 8.9% over the forecast period.

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