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Key Factor Supporting Neurofeedback System Market Development in 2025: Rising Neurodegenerative Disease Prevalence Fuels Growth In Neurofeedback System Market
Neurofeedback System
How Large Will the Neurofeedback System Market Size By 2025?
In recent times, the market size of the neurofeedback system has witnessed a swift expansion. The market is set to rise from $1.43 billion in 2024 to $1.58 billion in 2025, growing at a compound annual growth rate (CAGR) of 10.9%. The notable growth during the historic period is a result of factors such as a surge in the occurrence of neurodegenerative diseases, a growing prevalence of diseases the systems target, escalating demand sparked by increasing clinical and research validation, a rising inclination for non-invasive treatments, and surged healthcare expenditure.
How Big Is the Neurofeedback System Market Size Expected to Grow by 2029?
The market for neurofeedback systems will likely experience accelerated expansion in the forthcoming years, reaching a valuation of $2.36 billion by 2029 with a compound annual growth rate (CAGR) of 10.6%. The anticipated growth during this period can be ascribed to a surge in anxiety-related disorders, intensified focus on R&D initiatives, an increasing occurrence of mental health issues, enhanced applications in cognitive reinforcement, and a rising trend of its utilization in home-based treatments. The forecast period will also witness major trends such as technology advancements, electroencephalography (EEG) hardware miniaturization, developed signal processing, the introduction of wearable EEG devices, and the emergence of wireless EEG headsets.
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Which Key Market Drivers Powering Neurofeedback System Market Expansion and Growth?
The escalating occurrence of neurodegenerative diseases is projected to drive the expansion of the neurofeedback systems market. Conditions that lead to the gradual deterioration of brain and nervous function, causing issues with memory, movement, and thought, are known as neurodegenerative diseases. Alzheimer's disease, Parkinson's disease, amyotrophic lateral sclerosis (ALS), Huntington's disease, multiple sclerosis (MS), and frontotemporal dementia (FTD) are the commonly found neurodegenerative diseases. The emergence of these diseases is attributed to factors like the aging population, enhanced diagnosis and awareness, and lifestyle choices. Neurofeedback, although typically used as a supplementary treatment with traditional methods, holds potential in managing these diseases. It is crucial that neurofeedback protocols are tailored to individual requirements and reactions for optimal results. For example, as per the Parkinson Foundation in the US, a governmental body, the annual incidence of Parkinson's disease (PD) in elderly individuals in December 2022 is 50% higher than the current estimate of 60,000 cases. Additionally, it is expected that approximately 1.2 million more Americans will be diagnosed with Parkinson's disease by 2030. Thus, the rise in neurodegenerative diseases is stimulating the expansion of the neurofeedback systems market.
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Which Fast-Growing Trends Are Poised to Disrupt the Neurofeedback System Market?
Leading firms in the neurofeedback systems market are emphasizing the creation of innovative systems like brain training systems. These are intended to fortify cognitive abilities, better mental health, and help in controlling symptoms linked to neurodegenerative ailments. Neurofeedback systems or brain training systems endeavor to enhance cognitive efficiency and emotional management by offering instantaneous feedback related to brain activity. Take for instance, Sens.ai, an avant-garde company based in Canada, unveiled its At-Home Brain Training System in October 2023. This revolutionary product integrates numerous cutting-edge technologies into an uncomplicated device comprising a headset and a game-oriented app. The system is built for simplicity of operation, enabling users to partake in brain exercise sessions that could be as short as 15 minutes. The application comprises a repertoire of evolving programs and tasks that address routine problems such as sleep, stress, and concentration.
What Are the Emerging Segments in the Neurofeedback System Market?
The neurofeedback systemmarket covered in this report is segmented -
1) By System: Frequency And Power Neurofeedback System, Slow Cortical Potential Neurofeedback (SCP-NF) System, Low-Energy Neurofeedback System (LENS), Hemoencephalographic (HEG) Neurofeedback System, Low-Resolution Electromagnetic Tomography (LORE-TA), Functional Magnetic Resonance Imaging (fMRI)
2) By Application: Attention Deficit Hyperactivity Disorder (ADHD), Anxiety, Depression, Epilepsy, Insomnia, Drug Addiction, Schizophrenia, Other Applications
3) By End-User: Hospitals, Physician Offices, Ambulatory Surgical Center (ASCs)
Subsegments:
1) By Frequency and Power Neurofeedback System: Theta-Beta Neurofeedback Systems, Alpha Neurofeedback Systems, Gamma Neurofeedback Systems, Delta Neurofeedback Systems
2) By Slow Cortical Potential Neurofeedback (SCP-NF) System: SCP Training Systems, SCP Signal Processing Systems, SCP Feedback Devices
3) By Low-Energy Neurofeedback System (LENS): LENS Devices For ADHD, LENS Devices For Anxiety and Depression, LENS Training Software
4) By Hemoencephalographic (HEG) Neurofeedback System: Near-Infrared HEG Systems, Infrared HEG Systems, HEG Training Devices
5) By Low-Resolution Electromagnetic Tomography (LORE-TA): LORE-TA Systems for Brain Mapping, LORE-TA Feedback Systems, LORE-TA Software Solutions
6) By Functional Magnetic Resonance Imaging (fMRI): fMRI Research Systems, fMRI Clinical Systems, fMRI Analysis Software
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Who Are the Global Leaders in the Neurofeedback System Market?
Major companies operating in the neurofeedback system 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
Which are the Top Profitable Regional Markets for the Neurofeedback System Industry?
North America was the largest region in the neurofeedback system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the neurofeedback system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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