Brain Monitoring Market is anticipated to reach USD 10.1 billion by 2031 | Global Insight Services

The global brain monitoring market size was USD 5.4 billion in 2021 and it is anticipated to reach USD 10.1 billion in 2031, growing at a rate of 7.2% from 2022-2031.

Brain monitoring helps clinicians in monitoring the condition of the brain under the influence of anesthesia through bilateral data acquisition and processing of the EEG signals. Brain monitoring devices are used to monitor and diagnose neurological conditions by exploring the structure and function of the brain. This process involves the use of several brain monitoring devices. At present, there is an increase in the demand for electroencephalography devices among healthcare providers.

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Market Trends and Drivers:

The major factor boosting the growth of the market is the increasing incidence and prevalence of neurological disorders. The global incidence and prevalence of neurological disorders, like dementia, epilepsy, Parkinson's disease, Huntington's disease, headache disorders, multiple sclerosis, neuro infections, stroke, and cerebral palsy, have increased significantly during the last few years. Brain disorders, which comprise a combination of developmental, psychiatric, and neurodegenerative diseases, are a growing cause of morbidity worldwide. This can mainly be attributed to the growing geriatric population (by 2050, more than 20% of the global population is expected to be aged over 65 years). The American Medical Association (AMA) anticipates that at least 60% of individuals aged 65 years and above will be living with more than one chronic condition by 2030.

The rising incidences of these neurological disorders have made it extremely important to monitor brain and neurological function. Many neurological disorders and conditions are progressive, and their risk increases with age. Adding to that, the prevalence of other diseases and conditions, such as sickle-cell diseases and cardiac disorders, is also increasing. Cardiac procedures may sometimes affect the normal functioning of the brain, which is another factor driving the demand for brain monitoring devices.

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COVID-19 Analysis:

The state of urgency to combat the outbreak has led to a significant increase in the demand for remote monitoring and patient engagement solutions. Most hospitals/healthcare facilities are currently trying to expand patient monitoring to home care settings or other temporary setups with an aim to provide optimal care. COVID-19 has led to a significant surge in demand for ventilators, and manufacturers are currently focusing their efforts to meet the increasing need for ventilators. Comprising other respiratory devices, in contrast to the brain monitoring business, particularly owing to the focus of hospitals on setting up COVID-19 specific ICUs, along with the temporary suspension of manufacturing sites in highly affected regions worldwide.

Major Players of the Global Brain Monitoring Market:

The global brain monitoring market report includes players such as Advanced Brain Monitoring, Inc. , CAS Medical Systems, Inc. , Compumedics Ltd. , General Electric Company (GE Healthcare) , Koninklijke Philips N.V. (Philips Healthcare) , Medtronic Plc. , Natus Medical Incorporated , NovaSignal , Siemens AG , Cadwell Laboratories , Neurosoft Limited , Elekta A.B. , InfraSacn, Inc. , BrainScope Company, Inc. among others.

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