Global Brain Monitoring Market Size, Share & Growth is Projected to Grow at a CAGR of 5.8% in the Forecast Period | BlueWeave
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global brain monitoring market was worth USD 6.2 billion in the year 2020. The data generated by the study further reveals that the market is estimated to grow at a CAGR of 5.8%, earning revenue of around USD 9.3 billion by the end of 2027. The global brain monitoring market is gaining substantial traction due to factors such as the rising prevalence of neurological diseases among all age groups, the adoption of advanced medical technologies, and the development of healthcare infrastructure in emerging economies. However, the high cost of brain monitoring devices, along with strict government policies may hamper the market growth.
Browse report URL for more information about Global Brain Monitoring Market @ https://www.blueweaveconsulting.com/report/global-brain-monitoring-market
High Demand for Minimally Invasive Surgeries Estimated to Boost the Market duringthe Forecast Period
With the development of non-invasive and minimally invasive surgeries and the increasing demand for brain monitoring devices, the industry has seen a significant uptick in demand. In minimally invasive surgeries, such as brain surgeries, monitoring devices are increasingly being used to ensure accuracy. Examples include MRI scanners, CT scanners, and cerebral oximeters. This is estimated to prominently influence the growth of brain monitoring devices over the coming years.
Rising Prevalence of Neurological Disorders Due toPoor Lifestyle Favoring Market Growth
One of the major factors pulling the demand for brain monitoring devices is the growing prevalence of neurological disorders caused by lifestyle and environmental factors. Neurological diseases are becoming more common in the younger population, primarily as a result of work and career fatigue. The risk of neurological disorders can also be increased by road accidents or other head injuries. Moreover, the stigma surrounding brain disorders makes the conditions worse.As a result of these factors, there are millions of cases of neurological disorders worldwide, and they are increasing at a rapid rate.
Browse TOC with Facts and Figures @ https://www.blueweaveconsulting.com/report/global-brain-monitoring-market/toc
The Hospital Segment Will Drive Significant Demand for Brain Monitoring Devices in the Forecast Period
Based on end-users, the global brain monitoring market is classified into hospitals, neurology centers, ambulatory surgery centers (ASCs) & clinics, diagnostic centers, and others. Among all the segments, hospitals have a high demand for brain monitoring devices. The reason for this is that brain monitoring is a complex process, which relies on advanced equipment, specialist skills, and knowledge usually found in the hospital setting rather than elsewhere. Further, since neurological diseases are common in most countries and regions, hospitals make the diagnosis and treatment of such diseases more accessible. However, with the mushrooming of neurology centers that deal specifically with neurological disorders, the hospital segment is expected to continue growing at a significant rate throughout the forecast period.
Global Brain Monitoring Market - Regional Insights
Geographically, the global brain monitoring market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Among all the regions, North America dominates the global brain monitoring market because of the high adoption of advanced medical technology in healthcare facilities, along with the high concentration of key industry participants. The Asia-Pacific region, however, is projected to witness the highest CAGR during the forecast period owing to the expansion of healthcare infrastructure in the APAC countries. Furthermore, the rising prevalence of neurological disorders and awareness surrounding such disorders are also some of the major factors propelling the demand for the brain monitoring market.
Request For Free Sample Report @ https://www.blueweaveconsulting.com/report/global-brain-monitoring-market/report-sample
Impact of COVID-19 on the Global Brain Monitoring Market
The global brain monitoring devices witnessed a sudden slump during the initial phase of the COVID-19 pandemic. When COVID-19 was declared a pandemic, all healthcare facilities started focusing on managing and treating patients affected by the disease. In response, the market for respiratory devices, X-ray scanners, and remote monitoring devices grew dramatically. Yet the market for brain monitoring devices declined due to a temporary suspension of diagnosis and treatment for neurological disorders. However, the brain monitoring market will experience greater growth opportunities in the post-COVID-19 period, as poor lifestyle factors are expected to contribute to an increase in neurological disorders in the foreseeable future.
The leading market players in the global brain monitoring market are Compumedics, Nonin Medical Inc., Natus Medical Incorporated, Koninklijke Philips NV, Medtronic PLC, Cadwell Laboratories, Integra Lifesciences Holding Corporation, Advanced Brain Monitoring Inc., Nihon Kohden Corporation, Elekta AB, Masimo Corporation, CAS Medical Systems, Inc., Neurowave Systems, Inc., and other prominent players.
The presence of market giants like Medtronic PLC, Phillips, and Integra Lifesciences makes the market highly consolidated. However, many regional companies are emerging with great potential to give stiff competition to the global players. Additionally, the companies essentially focus on innovating and advancing their devices and products to stay ahead in the competition.
Don’t miss the business opportunity of the global brain monitoring market. Consult our analysts to gain crucial insights and facilitate your business growth.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the global brain monitoring market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the global brain monitoring market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Please Find Some Related Topics:
BlueWeave Consulting & Research Pvt. Ltd
US: +1 866 658 6826 | +1 425 320 4776
UK: +44 1865 60 0662
Email – email@example.com
Linked In Page: https://www.linkedin.com/company/blueweaveconsulting/
112 - H160 - BSI Business Park Sector - 63, Noida U.P. - India
BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost up the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Brain Monitoring Market Size, Share & Growth is Projected to Grow at a CAGR of 5.8% in the Forecast Period | BlueWeave here
News-ID: 2363049 • Views: 215
More Releases from BlueWeave Consulting & Research Pvt Ltd.
United States Enhanced Water Market Size, Share Growth is Projected to Growing a …
The United States enhanced water market is growing at high rate because of the rising health awareness and the need for additional nutritional supplements in the body due to a busy lifestyle.... A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the US enhanced water market was worth USD 2,131.0 million in the year 2020. The data yielded by the study reveals that the
Global Electronic Bill Presentment and Payment (EBPP) Market Size & Share is Gro …
Electronic bill presentment and payment (EBPP) market is being driven by factors such as globalization, businesses expanding overseas, and consumers increasingly using plastic money. Market growth is also driven by the use of high-speed internet access on smart phones... A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global electronic bill presentment and payment (EBPP) market was worth 18.5 number of bills in
Global Fatty Alcohol Market Size & Share is Predicted to Garner USD 8.4 Billion …
The global fatty alcohol market is growing at a high CAGR because of the increasing demand for bio-based renewable products to promote sustainability and control dependence on non-renewable products such as petrochemicals... A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global fatty alcohol market was worth USD 5.5 billion in the year 2020. The market is estimated to grow at a CAGR
Global Medical Goggle Market Size, Share & Growth is Projected to Grow at a CAGR …
The global medical goggle market is growing at a high CAGR because of the increasing demand for surgical procedures and prevalence of infectious diseases and stringent regulations regarding the safety of healthcare workers... A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the global medical goggle market was worth USD 443.4 million in the year 2020. The data generated by the study reveals that
More Releases for Brain
Brain Computer Interface Devices Helps in Curing Brain-Related Disorders
The increasing technological adoption of wearable medical devices is expected to positively support the market for brain computer interface (BCI) technology. The demand for BCI devices is expected to increase primarily in the health care and gaming and entertainment industries. Ageing induces brain-related disorders such as stroke, depression, and Parkinson’s disease. These disorders can be treated with the use of BCI devices. Therefore, the ageing population is one of the
Deep Brain Stimulation Devices Market
Transparency Market Research (TMR) has published a new report, titled “Deep Brain Stimulation Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”.The report states that the global deep brain stimulation devices market for Parkinson’s disease will expand at a CAGR of 11.0% during the forecast period from 2013 to 2019. In 2012, the global deep brain stimulation devices market for Parkinson’s disease was worth
Brain Activity During Cardiac Arrest
All over the world, researchers are trying to solve an age-old mystery: What happens in the brain when the heart stops? With the support of the Austrian Science Fund FWF, medical experts from Vienna are participating in an international study that looks into memory processes during cardiac arrest. How do we learn languages, how do feelings arise and what happens while we sleep? State-of-the-art methods of brain research are able
Right Brain-Left Brain Connections in Autistic Kids
August 23, 2013: Behavioral scientists know that an ability to process "non-verbal" signals lays the foundation for developing both language and social skills. Dr. Yola Barbosa , a director at a Brain Balance Achievement Center in New Jersey notes, "The ability to process the non-verbal communication lays the foundation of social skills and language. Kids with autism and even ADHD have a kind of social injury. They may
Educating The Female Brain
The growth of the female brain starts it on its unique growth pattern almost from conception which results in significant differences in what females need in schools and their lives as they grow up to educate the female brain. "Almost from conception, the female brain is bathed in estrogen which produces different needs in a female as opposed to the impact of the testosterone bath experienced by males," explained Elizabeth Guarnaccia,
The Aging Brain
Aging begins the moment we are born, as internal and external factors work together to rapidly shape our human experience. Which physiological and psychological factors contribute to cognitive development in youth, and which contribute to degradation as we age? Where do biological and cultural components meet and overlap to shape our cognition, and how does aging affect brain development and memory? Can we actively impact our own brain plasticity? At this