Industry Background:
The global digital brain therapy market is expected to grow during the forecasted year due to the increasing brain disorders, brain injuries and especially depression and anxiety problems. The digital brain therapy adjusts the physical therapy program based on one's pain level, performance, and recovery goals. In this therapy, if an individual using rehabilitative brain therapy is struggling with a particular exercise in their program, they are automatically given an alternative exercise that can help strengthen the foundation of skills needed to progress, without frustration or confusion. Digital brain therapy is designed to help people improve the specific functional capabilities needed for daily living.This growth is primarily driven by Increasing Number of Brain Disorders in People
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Diseases & Therapeutic Areas sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Abbott Laboratories (United States), Total Brain (United States), Cogstate Ltd. (Australia), Emotiv Inc. (United States), Lumos Labs, Inc. (United States) and NeuroSky, Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In April 27, 2023 Abbott announced it has completed the acquisition of Cardiovascular Systems, Inc. (CSI), a medical device company with an innovative atherectomy system used in treating peripheral and coronary artery disease.
On 24th January 2020, Abbott Laboratories announced the approval of the US Food and Drug Administration (FDA) for a new expanded indication for the company's infinity Deep Brain Stimulation (DBS) system to include the targeting of an area of the brain called the internal globus pallidus (GPi). It is targeted to improve the symptoms of Parkinson's disease not adequately controlled by medication. It is the world's first and only DBS system operating in these indications on an iOS software platform with Bluetooth wireless technology. Clinicians can streamline the programming process with an iPad mini device using Abbott's new Infirmity Programming feature to become more efficient in their practice and achieve optimal outcomes with directional leads. Patients can discreetly manage their symptoms with their Infinity DBS System iPod touch controller.
Regulatory Insights:
"According to the FDA, it is not intended to be a first-line treatment, even for patients with severe depression. And, despite FDA approval, VNS remains an infrequently used because results of early studies testing its effectiveness for major depression were mixed. But a newer study, which pooled together findings from only controlled clinical trials, found that 32% of depressed people responded to VSN and 14% had full remission of symptoms after being treated for nearly 2 years."
Influencing Trend:
The Adoption of Cloud-based Treatment in Digital Brain Therapy and The Advent of AR and VR Technology in Digital Brain Therapy
Market Growth Drivers:
Increasing Number of Brain Disorders in People, The Need to Diagnose and Treat Severe Depression Accompanied by Psychosis Which Does not Respond to Medication and Growing Number of Brain Injuries Happening Due to Accidents
Challenges:
Technical Issues with Wearable Handbands and Sensors Used in Digital Brain Therapy
Restraints:
Side Effects Like Headache, Upset Stomach, Muscle Aches, Memory Loss Associated with Digital Brain Therapy
Opportunities:
Awareness about Brain Health whether Physical or Psychological, Rising Neurological Segment of the Healthcare Industry and Spendings on Healthcare Industry will Boost the Digital Brain Therapy Market
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Digital Brain Therapy Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Digital Brain Therapy Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Digital Brain Therapy players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Digital Brain Therapy Study Sheds Light on
The Digital Brain Therapy Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Digital Brain Therapy industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Digital Brain Therapy industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.