Wireless Brain Sensors Market Size Poised for Remarkable Growth, Forecasted to Reach USD 1.6 billion by 2031

Wireless brain sensors are small, implantable or wearable devices that are designed to measure and record brain activity and transmit the data wirelessly to a computer or other device for analysis. These sensors are typically placed on the surface of the brain or implanted within the brain tissue, and they use electrodes to detect and record electrical signals produced by neurons.

Allied Market Research has published a study report with the title Wireless Brain Sensors Market Size was Valued at USD 677.8 million in 2021 and is Projected to Garner USD 1.6 billion by 2031, registering a CAGR of 9.0% from 2022 to 2031.

This report provides a comprehensive overview of the Wireless Brain Sensors Market, including an in-depth analysis of market trends, key segments, investment opportunities, value chain analysis, regional landscape, and competitive scenarios. It offers valuable insights for established market players, new entrants, investors, and other stakeholders to devise effective strategies and make informed decisions to enhance their market position. The report is a valuable resource for anyone seeking to gain a deeper understanding of the Wireless Brain Sensors Market and its growth potential in the future.

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What Are the Market Drivers for Wireless Brain Sensors?

• The market drivers for wireless brain sensors include a combination of factors related to advances in technology, changes in healthcare practices, and increasing demand for more effective treatments for neurological disorders. Some of the key market drivers include:
• Rising prevalence of neurological disorders: The increasing prevalence of neurological disorders such as epilepsy, Alzheimer's disease, and Parkinson's disease is driving demand for improved diagnostic and treatment options, which is fueling the growth of the wireless brain sensor market.
• Technological advances in wireless technology: Advances in wireless technology have made it possible to develop more sophisticated and reliable wireless brain sensors, which are more accurate and less invasive than traditional wired sensors.
• Increasing use of wearables: The growing popularity of wearables and other mobile health technologies is driving demand for wireless brain sensors that can be integrated into these devices, allowing patients to monitor their brain activity and track their health data in real time.
• Rising demand for home healthcare: With an aging population and a growing focus on cost-effective healthcare solutions, there is a growing demand for home healthcare services. Wireless brain sensors can be used in the home setting, allowing patients to receive continuous monitoring and treatment without the need for hospitalization.
• Increasing investment in research and development: As the potential applications for wireless brain sensors continue to expand, there is a growing investment in research and development by both private and public organizations. This is leading to the development of new and innovative wireless brain sensor technologies, which are further driving the growth of the market.

Top Key Players of Wireless Brain Sensors

• Emotiv Inc.
• Brain Scientific
• Advanced Brain Monitoring
• Masimo Corporation
• Neuronetrix Solutions, LLC
• Quantum Sensors
• the brain resource company
• Neurosky Inc.
• neuroelectrics.

Wireless Brain Sensors Market Segmentation can be done based on several factors, including:

The global wireless brain sensors market is analyzed across product type, application, end-user, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.

By product type, the EEG devices segment held more than one-third of the global wireless brain sensors market revenue in 2021, and is expected to dominate by 2031. The MEG devices segment, on the other hand, would manifest the fastest CAGR of 10.1% throughout the forecast period. The sleep monitoring devices segment is also assessed through the study.

By application, the others segment held nearly three-fourths of the global wireless brain sensors market share in 2021, and is expected to dominate by 2031. The Alzheimer's disease segment, simultaneously, would cite the fastest CAGR of 12.3% throughout the forecast period. The traumatic brain injury, epilepsy, and sleep disorders segments are also analyzed in the report.

By end-user, the research and academic institute segment contributed to nearly two-fifths of the global market share in 2021, and is projected to retain its dominance throughout the forecast period. The others segment, on the other hand, would manifest the fastest CAGR of 11.4% during the forecast period. The hospitals and homecare settings segments are also assessed through the study.

Based on region, the market across North America generated nearly two-fifths of the global wireless brain sensors market share in 2021, and is anticipated to retain the lion's share by 2031. LAMEA, simultaneously, would portray the fastest CAGR of 10.2% during the forecast period. The other provinces analyzed through the report include Asia-Pacific and Europe.

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By Region Outlook

• North America
(U.S., Canada, Mexico)
• Europe
(Germany, France, UK, Italy, Spain, Rest of Europe)
• Asia-Pacific
(Japan, China, India, Rest of Asia-Pacific)
• LAMEA
(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

David Correa
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.