Brain Monitoring Market 2018:Business Opportunity And Investment Professional Survey Report Forecast To 2024

According to a new report published by Data Bridge Market Research

Global Brain Monitoring Market is expected to reach USD 2.0 billion by 2024 from USD 1.2 billion in 2016, at a CAGR of 7.1% in the forecast period 2017 to 2024. The new market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Key Points Discussed In Research:

  • Global Brain Monitoring Market,
  • Product (Devices {EEG, MEG, ICP}, Accessories),
  • Application (TBI, Stroke, Headache, Dementia, Epilepsy, Parkinson),
  • End-User (Hospitals, Neurological Centers & Diagnostic Centers),
  • Geography (North America, Europe, APAC, South America, MEA)
  • Industry Trends & Forecast to 2024

Market Definition:

Brain monitoring is the process of tracking the activity of various parameters associated with the functionality of the brain. These include electrical activity, blood flow & magnetic activity, pressure surrounding the brain, cerebral oxygen, saturation & anomalies such as tumors or infections. The various tools available for brain monitoring include electroencephalography (EEG), magnetoencephalography (MEG) & intracranial pressure monitors.

The increasing global incidence and prevalence of neurological disorders, growing awareness about neurodegenerative diseases, technological advancements in brain monitoring devices, and growing incidence of traumatic brain injuries are major factors driving the market growth for brain monitoring. On the other hand, shortage of trained professionals to operate brain monitoring devices, high cost associated with complex brain monitoring devices, and concerns regarding the accuracy of diagnostic devices are some of the factors that may hinder the growth this market.

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Market Segmentation:

  • Global brain monitoring market is segmented on the basis of product, application, end-user and by geography.
  • Based on product type, the brain monitoring devices market is categorized into devices and accessories. Factors such as increasing incidence of neurological, neurodegenerative, psychotic, and sleep disorders; the need for early diagnosis; availability of innovative portable and wearable home-based monitoring devices; and increasing patient awareness are driving the growth for the brain monitoring market.
  • Based on procedure, the brain monitoring devices market is segmented into invasive and non-invasive procedures. The risk of complications such as hemorrhage and infections is lower in non-invasive procedures, resulting in their higher uptake. Moreover, there is greater focus on research for the development of advanced non-invasive devices for brain monitoring. These are some of the major factors driving the market growth for non-invasive brain monitoring in the forecast period.
  • Based on the geographical regions the market is segmented  into 5 geographical regions, North America, Europe, Asia-Pacific, South America, and the Rest of the World (RoW). North America is estimated to account for the largest share of the market in 2015. The market in Asia is poised to witness the highest growth, attributed to factors such as increasing aging population, availability of low-cost labor and skilled manpower, increase in disposable incomes, rising prevalence of neurodegenerative disorders, and increasing government emphasis on healthcare reforms in the region.

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Competitive Analysis:

The global brain monitoring market report contains an in-depth profiling of the key market players, along with the recent developments (New product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the market. For example, in March 2017, Medtronic plc received FDA 510(k) clearance for Reveal LINQ(TM) Insertable Cardiac Monitor (ICM) with TruRhythm(TM) Detection which is an advanced cardiac monitor offering improved accuracy to better identify abnormal heartbeats.

Top Competitors:

  1. Nihon Kohden Corporation,
  2. Philips Healthcare,
  3. Metronic PLC,
  4. GE Healthcare,
  5. Siemens Healthcare,
  6. Natus Medical Incorporated,
  7. Compumedics Limited,
  8. Electrical Geodesics, Inc.
  9. CAS Medical Systems Inc,
  10. Advanced Brain Monitoring,

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