Press release
Strong Growth Ahead: Neurofeedback Market Size To Grow At Arecord 10.5% Cagr By 2029
Neurofeedback
How Big Is the Neurofeedback Market Size Expected to Be by 2034?
The scale of the neurofeedback market has accelerated dramatically in the past few years. It is estimated that the market will expand from $1.42 billion in 2024 to $1.57 billion in 2025, maintaining a compound annual growth rate (CAGR) of 10.7%. Factors contributing to this growth during the historic period include an increased occurrence of insomnia and anxiety disorders, a heightened awareness of mental health, growing demand driven by ongoing research and clinical affirmation, a surge in demand for non-invasive treatments, and rising healthcare spending.
The anticipated surge in the neurofeedback market size in the forthcoming years is considerable. The market is projected to expand to $2.35 billion by 2029, with a compound annual growth rate (CAGR) of 10.6%. The growth in this period can be linked to a rising prevalence of mental health conditions, an increase in traumatic brain injury cases, a growing demand for non-drug treatments, broader uses in cognitive enhancement, and a rise in home-based therapy utilization. Key trends during this forecast period encompass technological progress, transformation in assessment technology, evolution of cloud-based clinical assessment, the miniaturization of electroencephalography (EEG) equipment, and superior signal processing.
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What Are the Emerging Segments Within the Neurofeedback Market?
The neurofeedback market covered in this report is segmented -
1) By Product: Amplifiers, Electrodes or Sensors, Computer Software
2) By System: Frequency Or Power Neurofeedback System, Slow Cortical Potential Neurofeedback (SCP-NF) System, Low-Energy Neurofeedback System (LENS), Hemoencephalographic (HEG) Neurofeedback System, Live Z-Score Neurofeedback System, Low-Resolution Electromagnetic Tomography (LORE-TA), Functional Magnetic Resonance Imaging (fMRI)
3) By Application: Attention Deficit Hyperactivity Disorder (ADHD), Anxiety, Depression, Epilepsy, Insomnia, Drug Addiction, Schizophrenia, Other Applications
4) By End User: Hospitals, Physician Offices, Ambulatory Surgical Center
Subsegments:
1) By Amplifiers: EEG Amplifiers, Wireless Amplifiers, Portable Amplifiers
2) By Electrodes or Sensors: EEG Electrodes, Disposable Electrodes, Dry Electrodes, Conductive Gel Electrodes
3) By Computer Software: Neurofeedback Training Software, Data Analysis Software, Visualization Software, Biofeedback Software
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What Long-Term Drivers Are Shaping Neurofeedback Market Trends?
The surge in instances of neurodegenerative diseases is likely to spur the progression of the neurofeedback market. These diseases involve gradual impairment of the brain and nervous system, resulting in difficulties in memory, movement, and cognition. The escalation in these diseases can be attributed to the aging population, enhanced detection and awareness, and lifestyle variables. Neurofeedback becomes a crucial instrument in managing Parkinson's disease as it can enhance motor control, cognitive abilities, emotional control, and overall cerebral wellness. It can be used to enhance the quality of sleep, which is frequently disrupted in Parkinson's patients, by bolstering brainwave patterns that facilitate deep sleep, potentially impacting the patients' overall health and symptom management positively. For example, in December 2022, the Parkinson Foundation, a government organization in the U.S., reported that the yearly occurrence of Parkinson's disease (PD) among the elderly is 50% higher than the current approximation of 60,000 cases. Also, it is projected that 1.2 million more Americans will be diagnosed with Parkinson's disease by 2030. Hence, the escalating instances of neurodegenerative diseases are driving the progression of the neurofeedback market.
Who Are the Top Competitors in Key Neurofeedback Market Segments?
Major companies operating in the neurofeedback market are Thought Technology Ltd., NeurOptimal, EMOTIV Inc., EEG Info, ANT Neuro b.v., NeuroCare Group, NeuroSky's, Neuroelectrics Corporation, Brain Master Technologies Inc., Mind Media Inc., Neurofield Inc., Brain Vision LLC, Mitsar Co. Ltd., Mind Alive Inc., Bee Medic LLC, Myndlift, Braincore, Divergent Technologies Inc., MIndfield Biosystems Ltd., NIRx Medical Technologies LLC
What Ampoule Bottle Market Trends Are Gaining Traction Across Different Segments?
Key players in the neurofeedback market are shifting their focus towards the creation of pioneering devices like wireless EEG equipment to enhance the transmission of data, thus improving mobility and adaptability in diverse environments. Widely employed in the study and treatment of neurodegenerative diseases, EEG (Electroencephalogram) apparatus monitor the brain's wave activity and evaluate neurological functions. The device's sensors, positioned on the scalp, measure the brain's electrical action, making it crucial in detecting irregular brainwave patterns, which could indicate cognitive impairment, motor function disorders, or other signs of neurodegenerative conditions like Alzheimer's, Parkinson's, and ALS. For instance, in September 2022, BrainBit, a US-based electronics production firm, introduced a novel wireless EEG device, the BrainBit Flex. This groundbreaking equipment allows four sensors to be positioned anywhere on the 10-20 system while maintaining a high-quality signal. The Flex device boosts usability and adaptability, allowing therapists to design a range of customized neurofeedback protocols. This development widens the scope for at-home neurofeedback treatments and training, offering significant benefits for practitioners and clients.
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Which Regions Are Becoming Hubs for Neurofeedback Market Innovation?
North America was the largest region in the neurofeedback market in 2024. The regions covered in the neurofeedback market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Neurofeedback Market?
2. What is the CAGR expected in the Neurofeedback Market?
3. What Are the Key Innovations Transforming the Neurofeedback Industry?
4. Which Region Is Leading the Neurofeedback Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the neurofeedback market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
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