Industry Background:
Advancement of technology, Increased incidence of neurological and brain disorders has contributed to boost the Invasive Brain Monitoring device market and is also expected to fuel the market during the forecast period. Brain monitoring systems are used to measure the electrical or neuronal activity of the brain due to many reasons such as to calculate bispectral index (depth of anesthesia), diagnosis and monitoring of neurological and brain disorders, sleep disorders, trauma injury, to monitor intracranial pressure. These devices can be invasive or non-invasive and can be used to guide the brain surgeries and to check the health outcomes of treatment of brain disorders.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Natus Medical Inc. (United States), Nihon Kohden Corp. (Japan), Philips Healthcare (Netherlands), GE Healthcare (U.K), Siemens (Germany), Compumedics Limited (Australia) and Electrical Geodesics Incorp. (United States) |
According to AMA, the market for Invasive Brain Monitoring Device is expected to register a CAGR of 14.4% during the forecast period to 2030. This growth is primarily driven by Increased prevalence of neurological disorders, Increase in technological advancements and Rising awareness for neurodegenerative disorders and incidences of traumatic Injuries..
Globally, a noticeable market trend is evident Technological advancements and Innovations which offers wide Scope of applications for 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), Nihon Kohden Corp. (Japan), Philips Healthcare (Netherlands), GE Healthcare (U.K), Siemens (Germany), Compumedics Limited (Australia) and Electrical Geodesics Incorp. (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. The market is highly fragmented by global as well as regional key players.These players are offering the most innovative non-invasive and portable devices with increased precision and higher resolution.The companies are also focusing on upgrading their technology to have a competitive edge amongst each other. However, there are many small players and prominent vendors who are accounting for a market share of the devices.
Key Developments in the Market:
In January 2024,ditxt has acquired a suite of electroencephalography (EEG) brain monitoring technologies and devices which were previously owned by Brain Scientific.
In February 2024,Royal Philipsa global leader in health technology, today announced major enhancements to its Image Guided Therapy System – Azurion – with the launch of its new Azurion neuro biplane system. Designed to streamline neurovascular procedures and help care teams make the right decisions faster, treat more patients, and achieve better outcomes, the new interventional system features enhanced 2D and 3D imaging and X-ray detector positioning flexibility.
Influencing Trend:
Technological advancements and Innovations which offers wide Scope of applications for Brain Monitoring Devices.
Market Growth Drivers:
Increased prevalence of neurological disorders, Increase in technological advancements and Rising awareness for neurodegenerative disorders and incidences of traumatic Injuries.
Challenges:
The cost factor associated with these types of equipment used to monitor brain activity.
Restraints:
Unfavorable compensation policies for patients and higher cost of Brain Monitoring Device and procedure, High cost of complex devices used for the treatment of brain disorders and Lack of skilled neurologists may hamper the market.
Opportunities:
Growing demand for Invasive devices, Increasing application in clinical trials and Expansion of Therapeutic applications of brain monitoring devices is providing an opportunity to the key vendors.
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 Invasive Brain Monitoring Device Market
- Analysis about New Entrants in Invasive Brain Monitoring Device 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, Invasive Brain Monitoring Device Study Sheds Light on
The Invasive Brain Monitoring Device Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Invasive Brain Monitoring Device industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Invasive Brain Monitoring Device 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.