Industry Background:
Brain monitoring is one of the accurate ways to track the functionality and signalling of the brain by using electronic biomedical devices in order to diagnose neurological disorders like Alzheimer, Epilepsy, Dementia, Migraine etc. This device is widely used to monitor and diagnose abnormal activities in the brain. It helps to monitor blood flow in the veins and arteries situated in the brain. Rising prevalence of target condition such as neurological disorders, autoimmune and cardiovascular diseases across the world is driving the global brain monitoring devices market. Improvement in functionality, user-friendliness and cost-effectiveness of new brain monitoring devices coupled with technological advancements and the growing demand for brain monitoring devices in the pre-surgery and post-surgery stages is expected to surge the demand in the forecasted period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Billion) |
Key Companies Profiled | Natus Medical Inc. (United States), CAS Medical Systems, Inc. (United States), Electrical Geodesics Incorporated (United States), Advanced Brain Monitoring (United States), Nihon Kohden Corporation (Japan), Philips Healthcare (Netherlands), GE Healthcare (United Kingdom), Siemens Healthineers (Germany), Compumedics Ltd. (Australia) and Medtronic plc (Ireland) |
According to AMA, the market for Brain Monitoring Equipments is expected to register a CAGR of 6.74% during the forecast period to 2028. This growth is primarily driven by Growing occurrence of Neurological Disorder and Increasing incidence of traumatic Brain injuries.
Globally, a noticeable market trend is evident Technological advancement in Brain Monitoring Devices
The Medical Devices sector in the North America 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 Natus Medical Inc. (United States), CAS Medical Systems, Inc. (United States), Electrical Geodesics Incorporated (United States), Advanced Brain Monitoring (United States), Nihon Kohden Corporation (Japan), Philips Healthcare (Netherlands), GE Healthcare (United Kingdom), Siemens Healthineers (Germany), Compumedics Ltd. (Australia) and Medtronic plc (Ireland), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
According to WHO, Epilepsy accounts for a significant proportion of the world’s disease burden, affecting more than 50 million people worldwide. The estimated proportion of the general population with active epilepsy (i.e. continuing seizures or with the need for treatment) at a given time is between 4 and 10 per 1000 people. Globally, an estimated 2.4 million people are diagnosed with epilepsy each year. In high-income countries, annual new cases are between 30 and 50 per 100 000 people in the general population. According to the estimates of the WHO in 2011 the global prevalence of epilepsy and multiple sclerosis was calculated at 50 million and 2.5 million respectively.
Influencing Trend:
Technological advancement in Brain Monitoring Devices and Growing Applications of Health Informatics and Monitoring Solutions
Market Growth Drivers:
Growing occurrence of Neurological Disorder and Increasing incidence of traumatic Brain injuries
Challenges:
Lack of Trained Professionals and Rise in Competition from Local Player in Emerging Market
Restraints:
Complex Brain Monitoring Devices and Procedure, Unfavorable Reimbursement Policies and Rigorous Government laws for Brain Monitoring Device Market
Opportunities:
Rising Demand for Noninvasive Devices and Expanding Therapeutic Application of Brain Monitoring Devices
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 mostly 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 growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
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 in Brain Monitoring Equipments Market
- Analysis about New Entrants in Brain Monitoring Equipments Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Brain Monitoring Equipments Study Sheds Light on
The Brain Monitoring Equipments Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Brain Monitoring Equipments industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Brain Monitoring Equipments 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.