Brain Monitoring Devices Market Emerging Trends, Share Value, Size Projection, Growth Estimation and COVID-19 Impact Analysis By 2025

Brain Monitoring Devices Market Size, Growth and Share Analysis by Application (Stroke, Headache Disorders, Epilepsy, Parkinson’s Disease), By Type (X Rays, MRI Systems, CT), By End Users (Hospital & Clinical, Research Laboratories, and Academic Institutes), by Region - Forecast to 2025

Brain Monitoring Devices Market Scope

MRFR (Market Research Future) anticipates that the brain monitoring devices market 2020 could advance at a rate of 6% between 2019 and 2025 (analysis period). We will provide COVID-19 impact analysis with the report, along with all the significant developments in the following the coronavirus disease outbreak.

Brain monitoring devices’ key use is monitoring and diagnosing any abnormal activity in the brain. These devices primarily help monitor the neural and electrical activity in the brain. They also help analyze the blood flow in arteries and veins within the brain. Their use in recent years has increased significantly owing to the growing prevalence of brain disorders such as brain tumors, multiple sclerosis and Alzheimer’s disease. The latest brain monitoring devices in the market are known to enhance functionality, are user-friendly and cost-effective, which has been the case owing to the surge in technological innovations. The accelerated need for innovative brain monitoring devices in the pre-surgery as well as post-surgery stages could also prompt market expansion in the ensuing years.

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Rising number of installations in critical care settings like ICU will mean further market growth, while the growing prevalence of epilepsy among the elderly population could also be favorable. The average epilepsy incidence in the US each year accounts to 150,000 or 48 out of 100,000 people, says the Epilepsy Foundation. This factor has also led to an enhanced awareness level among people about various neurodegenerative diseases. The escalating number of traumatic brain injuries and sports injuries along with the expanding application scope of brain monitoring devices in clinical trials are projected to foster market growth.

An emerging trend is the rising preference for minimally invasive and non-invasive devices, which can benefit the patient monitoring devices market in the long run. Constant technical innovations by leading companies and researchers could also work in the market’s favor during the review period.

For instance, in October 2020, UCC engineers created a wireless brain monitoring device that monitors babies for any injuries. It is a compact device that is fixed close to the baby’s head and transmits the EEG recordings to a tablet or a phone. Medical professionals are able to hear the EEG, which is comprehensive owing to the NeuroBell’s custom app made by these innovators.

Brain Monitoring Devices Market Segmental Analysis

Brain monitoring systems market can be segmented depending on type, application, and end user.

Considering the type segment, the brain monitoring devices market can be broken down into Transcranial Doppler (TCD), Intracranial Pressure (ICP), Sleep Monitoring, Magnetoencephalography (MEG), Accessories, X-Ray, Electromyography (EMG), Positron Emission, Cerebral Oximeters, Electroencephalograph (EEG), Magnetic Resonance Imaging (MRI), Computerized Tomography (CT), Tomography (PET), and more. Out of all these, the demand for X-rays is the highest as they are used extensively during medical diagnosis, given their affordability compared to CT or MRI scans. The high number of clearances in the past few years has also favored the segment’s growth in the global market.

The primary applications of brain monitoring devices include Huntington's disease, Sleep Disorders, Stroke, Epilepsy, Parkinson’s disease, Traumatic Brain Injury (TBI), Dementia, Headache Disorders, and more. The epilepsy application can be the fastest advancing segment, as studies reveal that close to 80% of epilepsy cases are in low to middle income nations and are still growing.

The significant end-users of brain monitoring devices market are Ambulatory Surgical Centers, hospitals & clinics, Diagnostics Centers, Neurological Centers, and more. Hospitals and clinics control a major share in the market and can continue to lead in the coming years.

Brain Monitoring Devices Market Regional Insight

The brain monitoring devices market size has been analyzed with respect to certain regions, namely Europe, the Americas, MEA or Middle East & Africa along with APAC or Asia Pacific.

The Americas is an attractive market, with Latin America and North America standing at the vanguard. North America is on track to be the market leader in the region, taking into account the high number of epilepsy cases, going hand in hand with the burgeoning geriatric mass. The significant number of clinical trials to create advanced and innovative brain monitoring devices and the favorable medical reimbursement landscape in the US also bolster the market value.

The surging cases of traumatic brain injuries or TBIs in view of the escalating number of road accidents can ensure that the APAC brain monitoring devices market gains the fastest growth rate in the following period. Also, numerous government initiatives aimed at boosting the development of innovative and novel devices and the mounting preference for non-invasive TCD devices, ICP monitors, CT scan/MRI, fundoscopy and optic nerve sheath diameter induce market development in the region.

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Brain Monitoring Devices Industry Contenders

The top brain monitoring devices industry contenders include GE Healthcare (UK), CAS Medical Systems Inc. (US), Electrical Geodesics Incorporated (US), Nihon Kohden (Japan), Medtronic plc (Ireland), Koninklijke Philips N.V. (The Netherlands), Natus Medical Inc. (US), Schiller (Switzerland), Welch Allyn (US), CompuMed Inc. (US), CardioNet (US), Spacelabs Healthcare (US), and more.

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Akash Anand

Market Research Future

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This release was published on openPR.