Market Overview:
Brain health devices can help diagnose, prevent, and treat a variety of neurological disorders and conditions such as Alzheimer’s disease, Parkinson’s disease, major depression, epilepsy, spinal cord injury, and traumatic brain injury. Also, brain health devices can be used to help restore hearing and sight and provide increased function for those with limb loss or congenital limb differences. The brain health devices market is expected to witness a significant growth in near future owing to the rising number of Alzheimer’s cases and rising awareness regarding neurological disorders
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | BrainScope Company (United States), Bio- Signal Group (United States), Cadwell Laboratories, Inc. (United States), GE Healthcare (United States), CAS Medical Systems, Inc. (United States), DePuy Synthes Companies (United States), Elekta A.B (Sweden), Electrical Geodesics Incorporated (United States), Advanced Brain Monitoring (United States) and Natus Medical, Inc. (United States) |
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 |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies 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.
Key Players of Brain Health Devices Market Study:
BrainScope Company (United States), Bio- Signal Group (United States), Cadwell Laboratories, Inc. (United States), GE Healthcare (United States), CAS Medical Systems, Inc. (United States), DePuy Synthes Companies (United States), Elekta A.B (Sweden), Electrical Geodesics Incorporated (United States), Advanced Brain Monitoring (United States) and Natus Medical, Inc. (United States)
Brain Health Devices Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | Hospitals, Neuro Centres, Specialty Clinics and Others |
Type | Magnetic Resonance Imaging, Magneto Encephalogram, Computed Tomography, Electro Encephalogram, Intracranial Pressure Monitors, Transcranial Doppler Devices and Others |
Problem Indication | Stroke,Epilepsy,Headache Disorders,Dementia,Parkinson’s disease,Traumatic Brain Injuries,Dyslexia,Others |
Distribution Channel | Offline Stores,Online Stores |
The Magnetic Resonance Imaging segment is expected to command the largest share of the Global Brain Health Devices market The Stroke segment is expected to command the largest share of the Global Brain Health Devices market
Influencing Trend:
Increasing Use of Brain Health Wearable Devices
Market Growth Drivers:
Growing Incidence of Alzheimer Disease and Increasing Prevalence of Neurological Disorders
Challenges:
Lack of Trained Professionals and Stringent Regulatory Guidelines on the Production and Usage of Brain Health Devices
Restraints:
High Cost of Complex Brain Monitoring Devices and Procedures
Opportunities:
Expanding Therapeutic Applications of Brain Monitoring Devices and Technological Advancements in Brain Health Devices
Some of the other players that are also part of study are Integra Life Sciences Corporation (United States), Medtronic Plc. (Ireland) and Compumedics Ltd. (Australia). The Global Brain Health Devices market is gaining huge competition due to involvement of United States companies that constantly invest in research & development to meet market expectation with new innovation.
"Medical device manufacturers and other firms involved in producing devices must follow certain requirements and regulations once their devices are legally on the market. This includes mandatory reporting requirements when manufacturers, importers, and device user facilities learn that their devices may have caused or contributed to a death or serious injury. Postmarket requirements may also include such things as device tracking, establishment registration, postmarket surveillance studies required under section 522 of the Food and Drug Cosmetic Act, and post-approval studies."
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Brain Health Devices market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Brain Health Devices market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Brain Health Devices Manufacturers, Healthcare Institutions, Brain Health Devices Distributors and Suppliers, Research Institutes, Market Research and Consulting Firms, Potential Investors, Regulatory Bodies and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.