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Trending: Brain Monitoring Market 2022 Analysis - By Prominent Players, CAGR Growth, Revenue and Opportunities to 2027
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What are the growth prospects of the brain monitoring industry?
The global brain monitoring market reached a value of US$ 5.63 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 8.42 Billion by 2027, exhibiting a growth rate (CAGR) of 6.72% during 2022-2027.
Industry Definition and Application:
Brain monitoring is a process widely employed for monitoring neural and electrical activity by analyzing the function, structure, and abnormalities of the brain. The procedure track brain functions by utilizing various brain monitoring devices, such as electroencephalography (EEG), functional Magnetic Resonance Imaging (fMRI), intracranial pressure monitors, and magnetoencephalography (MEG). Most of these devices are cost-effective, portable, compact, lightweight, and powered by one AAA battery. Some common neurological disorders observed and treated with brain monitoring resolutions include headache disorders, stroke, Parkinson's disease, dementia, cerebral palsy, multiple sclerosis, epilepsy, and neuro infections.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
What are the major drivers of the brain monitoring market?
The market is primarily driven by the rising prevalence of neurodegenerative disorders due to the growing geriatric population who are more susceptible to these disorders. In addition, technological advancements and the advent of wireless technology and miniature medical devices have reduced the size of brain monitoring devices, leading to the extensive adoption of brain monitoring devices.
In line with this, the frequency of sleeping disorders and epilepsy, along with unmet medical needs, further accelerates the market growth. Other factors, including the development of healthcare infrastructure, growing patient awareness, and extensive research and development (R&D) activities conducted by manufacturers, are creating a positive market outlook.
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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global brain monitoring market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on region, product type, procedure, application and end user.
Breakup by Product Type:
• Electroencephalography (EEG) Devices
• Magnetoencephalography (MEG) Devices
• Transcranial Doppler (TCD) Devices
• Intracranial Pressure (ICP) Monitors
• Cerebral Oximeters
• Magnetic Resonance Imaging (MRI) Devices
• Computerized Tomography (CT) Devices
• Positron Emission Tomography (PET) Devices
• Sleep Monitoring Devices
• Electromyography (EMG) Devices
• Accessories
Breakup by Procedure:
• Invasive
• Non-invasive
Breakup by Application:
• Parkinson's Disease
• Traumatic Brain Injury (TBI)
• Epilepsy
• Dementia
• Sleep Disorders
• Others
Breakup by End User:
• Hospitals
• Diagnostic Centers
Breakup by Geography:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
Brain Monitoring Companies:
• Advanced Brain Monitoring Inc.
• Cadwell Industries Inc.
• Compumedics Limited (D & DJ Burton Holdings Pty Ltd.)
• Drägerwerk AG & Co. KGaA
• Elekta
• General Electric Company
• Integra LifeSciences
• Koninklijke Philips N.V.
• Masimo
• Medtronic plc
• Natus Medical Incorporated
• Nihon Kohden Corporation
• Siemens Healthineers AG (Siemens AG)
• Spiegelberg GmbH & Co. KG.
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Email: Sales@imarcgroup.com
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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