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Brain Monitoring Market 2024 Industry Insights, Business Growth, Trends And Forecast To 2033
Brain Monitoring Market
As per the report, 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 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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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.
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 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
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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
Contents of the report:
1. Executive Summary
2. Brain Monitoring Market Report Structure
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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