Brain Monitoring Market Scope
Brain monitoring is a procedure to monitor and diagnose abnormal activities by exploring the structure and functions of the brain. This procedure involves the use of various brain monitoring devices includes electroencephalography devices, intracranial pressure monitors, and magnetoencephalography to track brain functions and help to monitor neural and electrical activity in the brain. According to WHO, Epilepsy accounts for a significant proportion of the world’s disease burden, affecting more than 50 million people worldwide. The World Health Organization (WHO) has devised a Mental Health Action Plan 2013-2020 with certain objectives in order to provide comprehensive responsive mental health and social care services to the population. Neurological disease burden is seen higher in developing nations, which has resulted in renewed efforts by the Government and the Non-Government agencies to tackle these disease.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Advanced Brain Monitoring (United States), Nihon Kohden Corporation (Japan), Natus Medical, Inc. (United States), Philips Healthcare (Netherlands), GE Healthcare (United States), Siemens Healthineers (Germany), Compumedics, Ltd. (Australia), Medtronic (Ireland), CAS Medical Systems, Inc. (United States), Drägerwerk AG & Co. KGaA (Germany), Masimo Corporation (United States), Spiegelberg GmbH & Co. KG (Germany) and Cadwell Industries (United States) |
CAGR | 20.3% |
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Brain Monitoring market throughout the predicted period.
Advanced Brain Monitoring (United States), Nihon Kohden Corporation (Japan), Natus Medical, Inc. (United States), Philips Healthcare (Netherlands), GE Healthcare (United States), Siemens Healthineers (Germany), Compumedics, Ltd. (Australia), Medtronic (Ireland), CAS Medical Systems, Inc. (United States), Drägerwerk AG & Co. KGaA (Germany), Masimo Corporation (United States), Spiegelberg GmbH & Co. KG (Germany) and Cadwell Industries (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are NeuroWave Systems, Inc. (United States), Nonin Medical, Inc. (United States), Integra LifeSciences Corporation (United States), Neurosoft (Russia) and Rimed (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Brain Monitoring market by Type , by Application (Hospitals, Neurology Centers, Clinics & Ambulatory Surgical Centers, Diagnostic Centers and Others (Ambulances & Others)) and Region with country level break-up.
On the basis of geography, the market of Brain Monitoring has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Influencing Trend:
Technological Advancements and Innovations in Products
Market Growth Drivers:
Rising Incidence and Prevalence of Neurological Disorders Globally, Increasing Awareness About Neurodegenerative Disorders Diseases, and The Growth in the Number of Traumatic Brain Injuries
Challenges:
The Cost Factor Associated with these Types of Equipment Used to Monitor Brain Activity
Restraints:
The Dearth of Skilled Professionals to Effectively Operate Brain Monitoring Devices in Developing Nations and Unfavourable Reimbursement Policies
Opportunities:
Increasing Applications of Brain Monitoring In Clinical Trials, Growing Demand for Invasive devices and Increasing Application in Clinical Trials and Expansion of Therapeutic Applications of Brain Monitoring Devices is Providing an Opportunity to the Market Players
Key Target Audience
Brain Monitoring Device and Equipment Manufacturers, Distributors/Traders/Wholesalers, Brain Monitoring Device Subcomponent Manufacturers, Industry Association, Diagnostic Centers, Neurological Centers, Health Centers/Clinics, End Users and Others