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Insights into the Future: Brain Monitoring Market Report 2024 - In-depth Analysis, Competition, Forecasts, and Exploring Opportunities from 2024 to 2033
Brain Monitoring Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Brain Monitoring industry. This report on Brain Monitoring market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The brain monitoring market size has grown rapidly in recent years. It will grow from $7.49 billion in 2023 to $8.26 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to increased prevalence of neurological disorders, demand for real-time brain monitoring in surgical and critical care settings, growth in research on brain-computer interfaces (BCIs) and neurofeedback, expansion of the aging population, and increased adoption of brain monitoring in sports optimization. The brain monitoring market size is expected to see strong growth in the next few years. It will grow to $12.07 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%.
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Key Market Players:
Natus Medical Inc., Nihon Kohden Corporation, Philips Healthcare NV, GE Healthcare Technologies Inc., Compumedics Ltd., Medtronic PLC, Edwards Lifesciences Corporation, Advanced Brain Monitoring.
Market Drivers:
According to the Brain Monitoring Market Report 2024 by The Business Research Company, government initiatives for next-generation invasive devices are expected to propel the growth of the growth of the brain monitoring market going forward. Government initiatives refer to specific actions, programs, policies, or projects undertaken by government authorities at various levels (local, regional, national, or international) to address specific issues, achieve certain goals, or create positive changes in society. Several government authorities are initiating various healthcare initiatives to support various aspects of next-generation invasive devices. For instance, in 2023, according to the Department of Health and Human Services, a US-based government agency, the National Institutes of Health (NIH) issued a funding opportunity announcement (FOA) to encourage investigators to pursue first-in-human or early-stage clinical studies for next-generation invasive device. Therefore, government initiatives for next-generation invasive devices drive the brain monitoring market.
More information about the Global Brain Monitoring Market Report -
https://www.thebusinessresearchcompany.com/report/brain-monitoring-global-market-report
Market segments for Brain Monitoring include:
1) By Product: Magnetoencephalograph, Electroencephalograph, Cerebral Oximeters, Functional Magnetic Resonance Imaging (fMRI), Intracranial Pressure Monitoring Devices, Other Product Types
2) By Procedure: Invasive, Non-invasive
3) By Application: Parkinson's Disease, Traumatic Brain Injury, Epilepsy, Dementia, Sleep Disorders, Other Applications
4) By End User: Hospitals and Clinics, Neurology Centers, Ambulatory Surgery Centers, Diagnostic Centers, Other End Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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