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Brain Monitoring Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Natus Medical Inc., Nihon Kohden Corporation, Philips Healthcare NV, GE Healthcare Technologies Inc., Compumedics Ltd
Brain Monitoring Market Size
The Business Research Company offers in-depth market insights through Brain Monitoring Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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%. The growth in the forecast period can be attributed to development of more affordable and accessible brain monitoring devices, increased application of brain monitoring in mental health and psychiatric care, expansion of neurocritical care units and stroke centers in healthcare facilities, regulatory support for the approval and use of brain monitoring technologies, and growing pediatric neurology and neonatal brain monitoring. Major trends in the forecast period include neuroinformatics and data integration, neurofeedback and brain training, brain-computer interface (bci) integration, blockchain for data security, and brain monitoring in space exploration.
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Market Segmentation:
The main product types in brain monitoring are magnetoencephalography, electroencephalography, cerebral oximeters, functional magnetic resonance imaging (fMRI), intracranial pressure monitoring devices, and others. Magnetoencephalography refers to the noninvasive technique that detects and records the magnetic field associated with electrical activity in the brain. The procedures used are invasive and non-invasive. The applications involved are Parkinson's disease, traumatic brain injury, epilepsy, dementia, sleep disorders, and others. The various end-users involved are hospitals and clinics, neurology centers, ambulatory surgery centers, diagnostic centers, and others.
Major Driver - Rising Neurological Disorders Drive Growth In The Brain Monitoring Market
The increasing incidence and prevalence of neurological disorders are expected to propel the growth of the brain monitoring market going forward. Brain monitoring is defined as the use of instrumentation for the evolution of a neurologic injury. Brain monitoring is used in neurological disorders to provide improved accuracy and reliability of information about the intensity of the neurologic injury. For instance, according to the World Health Organization (WHO) report, the worldwide occurrence of neurological health problems is expected to reach nearly 103 million by the year 2030. Therefore, the rising demand for increasing incidence and prevalence of neurological disorders is driving the growth of the brain monitoring market.
Competitive Landscape:
Major companies operating in the brain monitoring market include Natus Medical Inc., Nihon Kohden Corporation, Philips Healthcare NV, GE Healthcare Technologies Inc., Compumedics Ltd., Medtronic PLC, Edwards Lifesciences Corporation, Advanced Brain Monitoring, Masimo Corporation, Spiegelberg GmbH & Co. KG, Cadwell Industries Inc., Elekta A.B, Drägerwerk AG & Co. KGaA, Electrical Geodesics Inc., Integra LifeSciences Corporation, Siemens AG, CAS Medical Systems Inc., Neural Analytics Inc., BrainScope Company Inc., NeuroWave Systems Inc., Neurosoft Company, NeuroSky Inc., NeuroVigil Inc., OpenBCI Inc., Qneuro Pvt. Ltd., Soterix Medical Inc., Wearable Sensing Inc., Brain Products GmbH, Brain Vision LLC, ANT Neuro B.V., Blackrock Microsystems LLC, Cognionics Inc., Emotiv Inc., G.TEC Medical Engineering GmbH, MindMaze SA
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Top Trend - Collaborative Innovation In Brain Monitoring Advancing At-Home Solutions And Neurodiagnostics
Major companies operating in the brain monitoring market are collaborating to develop brain monitoring such as advanced at-home brain monitoring and machine learning-enabled neurodiagnostics to drive the revenues in the market. Strategic partnerships in brain monitoring offer a range of benefits, from increased access to expertise and resources to faster innovation and better patient care. For instance, in May 2022, Beacon Biosignals, a US-based neuro-biomaker platform partnered with Stratus, a US-based technology company. The partnership aims to improve at-home brain monitoring and machine learning-enabled neurodiagnostics by leveraging Beacon's machine-learning neuroanalytics platform and Stratus's expertise in providing electroencephalogram (EEG) services. .
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Brain Monitoring Market Characteristics
3. Brain Monitoring Market Trends And Strategies
4. Brain Monitoring Market - Macro Economic Scenario
5. Brain Monitoring Market Size And Growth
…..
27. Brain Monitoring Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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