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Brain Monitoring Devices Market was valued at USD 6,033.29 million in 2021 and is estimated to reach USD 9,741.81 million by 2031

02-22-2024 11:45 AM CET | Health & Medicine

Press release from: DataM Intelligence 4Market Research

Brain Monitoring Devices Market - DataM Intelligence

Brain Monitoring Devices Market - DataM Intelligence

Brain Monitoring Devices Industry Size

Brain Monitoring Devices Market is estimated to grow at a CAGR of 5.96% during the forecast period (2024-2031).

Brain monitoring systems monitor different brain activities, including blood flow monitoring, magnetic movement, cerebral oxygen capacity, electrical motion, tumour identification, and other conditions.

This process involves the use of various brain monitoring devices such as Electroencephalography (EEG), Magnetoencephalography (MEG), and Transcranial Doppler Devices (TCD) to track brain functions. These devices are also used to monitor and diagnose abnormal activities associated with the brain.

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Industry Dynamics

The rising prevalence of neurological diseases is expected to drive the market growth

The rise in the prevalence of neurological disorders with the rising geriatric population is one of the major factors driving the global brain monitoring devices market during the forecast period. An increase in traumatic brain injury cases across the globe is additionally contributing to the growth of the global brain monitoring devices market.

For instance, according to a study conducted by researchers at the Journal of Surgical Protocols and Research Methodologies in 2021, 69 million individuals worldwide are estimated to sustain a traumatic brain injury yearly. An increase in such cases might help in the growth of the market. An increase in intracranial pressure is an important cause of secondary brain injury, and ICP monitoring has become an established component of brain monitoring after traumatic brain injury.

World Health Organization (WHO) has recommended mental health action plans to promote mental health and prevent mental disorders in Europe. In addition, according to the key facts published by WHO, an estimated 300 million people are affected by depression, and 60 million people are affected by bipolar disorder. Such initiatives by various governmental or private organizations and NGOs will boost the growth of the brain monitoring devices market.

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Industry Segmentation

By Product Type
Devices
Accessories

By Procedure
Invasive
Non-invasive

By Application
Epilepsy
Sleep Disorders
Tumors
Stroke
Brain Injuries
Parkinson's Disease
Others

By End-User
Hospitals
Diagnostic centers
Ambulatory surgical centers
Neurological centers

Industry Key Players

Major players are Medtronic, Masimo, Advanced Brain Monitoring, Inc, CAS Medical Systems, Inc, Compumedics Ltd, GE Healthcare, Philips Healthcare, Neural Analytics, Inc and Siemens AG.

Industry Key Players

Patient Monitoring Accessories Market - https://www.datamintelligence.com/research-report/patient-monitoring-accessories-market

Multiparameter Patient Monitoring Devices Market - https://www.datamintelligence.com/research-report/multiparameter-patient-monitoring-devices-market

Remote Patient Monitoring Market - https://www.datamintelligence.com/research-report/remote-patient-monitoring-market

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About DataM Intelligence:
DataM Intelligence 4Market Research is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.

Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

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