Brain Monitoring Market Size, Share, Trends, Opportunities And Forecast 2024-2033

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.

Market Overview -
Brain monitoring refers to a set of continuous online monitoring, which substantially measures the particle velocity of cerebral blood flow and volume wave in the brain. Brain monitoring is used for individualized patient management such as brain and neuro-related diagnostics and treatment purposes.

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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

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. .

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Key Segments -
The brain monitoring market covered in this report is segmented -
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 Centres, Ambulatory Surgery Centers, Diagnostic Centers, Other End Users

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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