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Exponential Growth Witnessed in Global Brain Monitoring Market: Pivotal Role of Neurological Disorders and Biofeedback Research
Exponential Growth Witnessed in
Enjoying robust growth in recent years, the Brain Monitoring Market is expected to rise from $8.04 billion in 2024 to approximately $13.23 billion by 2029, encompassing an impressive CAGR of 10.7%.
What Is The Projected Market Size Of The Global Brain Monitoring Market And Its Growth Rate?
• Market Size 2024: $8.04 billion
• Market Size 2025: $8.8 billion (9.4% CAGR)
• Market Size 2029: $13.23 billion (10.7% CAGR)
Key growth drivers are the increased application of brain monitoring in mental health, pediatric neurology, expansion of neurocritical care units, and the advent of affordable brain monitoring devices.
What Is Driving The Growth In The Brain Monitoring Market?
The global rise in neurological disorders is a significant growth driver of the Brain Monitoring Market. Brain monitoring, inherent in studying the extent of neurologic injuries, is increasingly in demand as global neurological health problems are predicted by the World Health Organization (WHO) to reach 103 million by 2030. Enhanced accuracy and reliability of information on neurologic injuries, provided through brain monitoring, boosts the market growth.
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Who Are the Key Players Driving Brain Monitoring Market Growth?
• Natus Medical Inc.
• Nihon Kohden Corporation
• Philips Healthcare NV
• GE Healthcare Technologies Inc.
• Compumedics Ltd.
• Medtronic PLC
• Edward Lifesciences Corporation
• Advanced Brain Monitoring
• Many more
What Are The Key Trends In The Brain Monitoring Market?
• Neuroinformatics and data integration
• Neurofeedback and brain training
• Brain-computer interface (BCI) integration
• Blockchain for data security
• Brain monitoring in space exploration
What Are The Segments Of The Global Brain Monitoring Market?
• By Product: Magnetoencephalograph, Electroencephalograph, Cerebral Oximeters, Functional Magnetic Resonance Imaging (fMRI), Intracranial Pressure Monitoring Devices, Other Product Types.
• By Procedure: Invasive, Non-invasive
• By Application: Parkinson's Disease, Traumatic Brain Injury, Epilepsy, Dementia, Sleep Disorders, Other Applications
• By End User: Hospitals and Clinics, Neurology Centers, Ambulatory Surgery Centers, Diagnostic Centers, Other End Users
Which Region Leads The Brain Monitoring Market?
North America was the largest market for brain monitoring in 2024, however, Asia-Pacific is poised to be the fastest-growing region in the forecasting period covering major geographies such as Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Brain Monitoring Market Global Market Report?
- Market Size Analysis: Analyze the Brain Monitoring Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Brain Monitoring Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Brain Monitoring Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Brain Monitoring Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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