Wireless Brain Sensors Market Share, Trends, Key Drivers, Demand, Opportunities and Competitive Outlook

Data Bridge Market Research analyses that the wireless brain sensors market is expected to grow at a CAGR of 10.30% during the forecast period of 2022 to 2029. Electroencephalography (EEG) devices segment is estimated to hold the largest share of wireless brain sensors market. The brain's electrical activity can be recorded using EEG sensors. The signals are digitalized and amplified before being transferred to a mobile device or computer for processing and storage.

Recent Development

In May 2021, Morningside Ventures had sponsored USD 17.5 million in a Series A fundraising round for Neuroelectrics, a pioneer in brain stimulation technologies and therapeutics. The funding will be utilized to advance clinical trials in refractory focal epilepsy and at-home treatment of refractory depression, as well as Neuroelectrics' non-invasive transcranial electrical stimulation therapeutic platform.

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Data Bridge Market Research analyses that the wireless brain sensors market is expected to grow at a CAGR of 10.30% during the forecast period of 2022 to 2029. Electroencephalography (EEG) devices segment is estimated to hold the largest share of wireless brain sensors market. The brain's electrical activity can be recorded using EEG sensors. The signals are digitalized and amplified before being transferred to a mobile device or computer for processing and storage.

Market Scenario:

In recent years, the number of road accidents are increasing along with the surging prevalence rate of brain related disorders. These factors are resulting in the high demand of wireless brain sensors in market. Brain sensors have been evolving as a result of significant technological advancements in brain-computer interfaces. Wireless communication allows the sensors to be accessed from a distance.

The intracranial pressure and temperature of individuals with severe traumatic brain injuries are monitored using wireless brain sensors. Wireless brain sensors include electroencephalography devices, sleep monitoring devices, transcranial Doppler devices and others. These sensors aid in the monitoring of neurological changes and the enhancement of cognitive abilities. These sensors are wireless and may be accessed via wireless networking with the use of a smartphone, tablet, or computer, making the device more cost-effective.

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Wireless Brain Sensors Market Dynamics

Drivers

The rise in adoption of unhealthy lifestyle

One of the primary factors driving the market for wireless brain sensors is the increasing acceptance of sedentary lifestyles around the world. Stroke and migraine are caused by a variety of bad lifestyle choices, including alcoholism and smoking.

Rising prevalence rate of TBI

The increasing prevalence rate of traumatic brain injuries (TBI) will accelerate the demand for wireless brain sensors market. TBIs are caused by a blow, bump, or shock to the head that causes permanent or temporary brain damage. Sports injuries, gunshot wounds, falls, domestic violence, and car accidents are all common causes of TBIs.

Furthermore, the increase in number of road accidents will increase the demand for wireless brain sensors and further propel the market's growth rate. Another significant factor resulting in the expansion of market is the increasing incidence rate of neurological diseases such as Parkinson's disease, Alzheimer's disease, epilepsy, and others. Also, surging healthcare spending capacity and advancement in healthcare infrastructure are the major drivers that will enhance the growth of market. Rapid urbanisation, and rise in the level of disposable incomes in developing and developed countries will influence the growth rate of wireless brain sensors market.

Key Market Competitors Covered in the report

EMOTIV, Advanced Brain Monitoring, Inc.

Muse

NeuroSky

Neuroelectrics

Brain Products GmbH

Natus Medical Incorporated

Nihon Kohden Corporation

Koninklijke Philips N.V.

General Electric

Siemens Healthcare GmbH

Compumedics Limited

Medtronic

Edwards Lifesciences Corporation

Advanced Brain Monitoring, Inc

BrainScope

NeuroWave Systems Inc

Cadwell Industries, Inc

Jordan NeuroScience, Inc

Quest Diagnostics Incorporated

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More Links:

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