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Portable Epilepsy Monitoring Market Top Players- Epi USA, Empatica Inc., Medpage Ltd, Hipass Design LLC, American Medical ID.
Portable Epilepsy Monitoring Market
According to the latest research by InsightAce Analytic, the Global Portable Epilepsy Monitoring Market is expected to grow with a CAGR of 7.15% during the forecast period of 2023-2031.
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Epilepsy monitoring devices are specialized technologies designed to monitor and record physiological data related to seizures in individuals diagnosed with epilepsy. These devices are essential for the surveillance and management of the condition, providing healthcare professionals and patients with critical information to enhance treatment efficacy.
The market for epilepsy monitoring devices is experiencing growth, driven by several factors, including the increasing incidence and prevalence of seizures, a rising demand for mobile healthcare solutions and wearables, and a preference for continuous monitoring of patients' conditions. Growing awareness of neurodegenerative diseases, particularly epilepsy, is also contributing to market expansion. These devices offer patients the ability to maintain normal lifestyles while benefiting from continuous physiological monitoring, which further accelerates market demand. Additionally, the rising costs of healthcare and advancements in miniaturized bio-sensing technologies are stimulating market growth. Other factors expected to drive market expansion during the forecast period include improvements in surgical techniques, greater utilization of effective medical therapies in developed countries, and a higher incidence of neurological disorders.
In high-income nations, additional factors such as the increased risk of infectious diseases like malaria and neurocysticercosis, rising traffic-related injuries, and the variability of healthcare technology are contributing to market growth. The availability of preventive health programs and accessible treatments further supports the adoption of these devices. However, challenges to market growth remain, including product recalls and regulatory cost limitations in certain emerging markets.
List of Prominent Players in the Portable Epilepsy Monitoring Market:
• Silicon Lab,
• Epilert,
• Murata Vios,
• Seer Medical,
• Telecare24 Ltd (Epilepsy Alarms UK),
• Divoti,
• Epi USA,
• SAMi,
• Breathe-zy,
• Bay Alarm Medical,
• Natus Medical, Inc. (US)
• Compumedics Limited (Australia)
• Empatica, Inc. (US)
• The Magstim Co. Ltd. (UK)
• Nihon Kohden Corporation (Japan)
• Medtronic Plc (Ireland)
• Masimo Corporation (US)
• Boston Scientific Corporation (US)
• Drägerwerk AG & Co. KGaA (Germany)
• mjn Neuroserveis S.L. (Spain)
• Abbott Laboratories, Inc. (US)
• LivAssured B.V. (Netherlands)
• BioSerenity (France)
• Aleva Neurotherapeutics (Switzerland)
• Medpage, Ltd. (UK)
• Neurosoft (Russia)
• Advanced Brain Monitoring (US)
• Lifelines Neuro Company, LLC (US)
• Mitsar Co., Ltd. (Russia)
• Rimed (US)
• Emotiv (US)
• CGX (A Cognionics Company) (US)
• Mindray Medical International Ltd. (China)
• Cadwell Industries, Inc. (US)
• NeuroWave Systems, Inc. (US)
• MC10, Inc. (US).
• others.
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Market Dynamics
Drivers:
The growth of the epilepsy monitoring devices market is being significantly driven by increased research and development efforts and a well-established healthcare infrastructure within key regions. The high prevalence of epilepsy, coupled with the availability of advanced medical technologies, positions the market for continued expansion. The emphasis on enhancing healthcare infrastructure and the growing recognition of the benefits of continuous monitoring are also pivotal factors propelling market growth. Additionally, the rising incidence of neurological conditions, heightened awareness surrounding the advantages of early detection and treatment, and ongoing technological advancements in epilepsy monitoring devices are key contributors to the market's increasing revenue.
Challenges:
Key obstacles to the widespread adoption of epilepsy monitoring devices include navigating complex reimbursement processes and ensuring adequate compensation for both patients and healthcare providers. Managing the large volume of data generated by these devices while extracting actionable insights without overwhelming healthcare professionals remains a significant challenge. Additionally, ensuring prolonged battery life in portable devices, alongside maintaining performance and functionality, presents ongoing technical hurdles. Regulatory compliance and obtaining the necessary approvals for portable monitoring devices can also create delays in product launches, impacting market growth.
Regional Trends:
North America is anticipated to hold a dominant market share in the portable epilepsy monitoring devices sector. The region's robust healthcare infrastructure and the presence of major market players are pivotal in driving its growth. The United States, in particular, is expected to play a central role in North America's market expansion, supported by the integration of cutting-edge medical technologies. The Asia-Pacific region, on the other hand, holds a significant market share, with Japan making substantial investments in healthcare and medical infrastructure reforms. The increasing awareness of epilepsy across the Asia-Pacific region, combined with factors such as rising disposable income, broader acceptance of therapy options, and improved healthcare awareness, are stimulating market growth. Furthermore, the region is witnessing a notable rise in medical tourism, which is also contributing to the growth of the market.
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Recent Developments:
• In Jan 2021, Medtronic introduced the Medtronic Brain Sensor, a minimally invasive implantable device to monitor brain activity in individuals with epilepsy. This innovative device is placed under the scalp and serves the purpose of identifying the origin of seizures in patients experiencing drug-resistant epilepsy.
Segmentation of Portable Epilepsy Monitoring Market-
By Product Type
• Device Type
o Chest Sensor,
o Watch Sensor,
o Monitors,
o Cameras,
o Mattresses and Pillows,
o Others
• Service
By End User
• Hospitals,
• Ambulatory Surgery Centres & Clinics,
• Neurology Centres,
• Home Care Settings)
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
Read Overview Report- https://www.insightaceanalytic.com/report/portable-epilepsy-monitoring-market/2220
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
info@insightaceanalytic.com
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