Brain Monitoring Market Information, by
devices (Intracranial pressure monitor, Magneto encephalography (MEG),
Electroencephalograph (EEG), Cerebral oximeters, and Transcranial Doppler), by
Procedure (invasive and non-invasive), by modality (Portable EEG devices, Fixed
EEG devices), by end users (Hospitals, diagnostic center and others) - Forecast
to 2022
Brain monitoring Market refers to the process of studying and reporting brain functioning.
Various EEG devices are widely used to detect epilepsy, sleep disorders, brain
death, and encephalopathy. The global brain monitoring market is witnessing
significant growth over recent years. Factors such as the rising cases of
various brain-related conditions such as depression, neurological disorders,
and others are driving the market growth, predominantly.
Market Research
Future (MRFR) reflects on the global brain monitoring treatment market in their
report and as per that is expected to garner exponential accruals by 2022. In
its recent industry analysis, MRFR also asserts that during the forecast period
of 2013 – 2022, the market would grow at a steady CAGR. The awareness about the
various neurological conditions and availability of advanced devices for
monitoring brain functions act as a significant driving force for the growth of
the market.
The increasing
prevalence of traumatic brain injuries (TBI) and advancements in the
therapeutics to manage the conditions act as a major tailwind for the growth of
the market. Besides, rising cases of TBI arise in road accidents, violent
assaults, blunt force trauma, and sports injuries propel the growth of the
market. Also, the availability of a range of breakthrough diagnostics, drugs,
and novel therapeutics to treat the brain damages influence the market growth,
helping the patients with early detection and treatment to manage the conditions
effectively.
Conversely, the
prohibitive cost of brain monitoring devices and unmet clinical needs are some
of the major factors acting as headwinds for the growth of the market.
Nevertheless, the emergence of novel technologies would support the growth of
the market, making the brain monitoring devices affordable. Also, the growing
R&D activities in the field of diagnostic devices and discoveries of modern
therapeutics are expected to boost the growth of the market.
Global Brain Monitoring Market – Segments
MRFR has segmented the report into five main dynamics to widen the scope
of understanding,
By Type of Devices :Magnetoencephalography(MEG),
Electroencephalograph (EEG), Intracranial Pressure Monitor, Cerebral Oximeters,
and Transcranial Doppler.
By Procedures : Invasive and Non-Invasive.
By Modality : EEG Devices and Fixed EEG Devices.
By End-users : Diagnostics Center, Hospitals, and others.
By Regions : Americas, Europe, Asia-Pacific, Middle East
& Africa, and Rest-of-the-World
Brain Monitoring Market - Geographical Analysis
North America leads
the global brain monitoring market. The market is predominantly driven by the
availability and early adoption of advanced technology in the well-developed
healthcare sector of this region. Besides, the rising prevalence of traumatic brain
injury (TBI) alongside a large patient pool suffering from brain injuries
contribute to the growth of the regional market.
The rising
hospitalizations and mortality rates led by the TBI increase the growth of the
regional market. The US accounts for the largest share in the brain monitoring
market in North America. Owing to the high healthcare expenditures, The North
American brain monitoring market is expected to retain its leading position,
expanding at a significant pace.
Europe stands
second in the global brain monitoring market. The presence of a flourishing
medical devices market and notable players in the region acts as a major
driving force behind the regional market growth. Moreover, factors such as the
increasing geriatric population and growing incidences TBI across the region
drive the growth of the market. Large advancements in medical technologies and
digital medicines support the growth of the regional market.
According to the
journal of neurosurgery, the overall rate of TBI incidences is highest in
Europe, and about 95% population suffer from TBI occurred due to road
accidents. This alongside, the rise in neurological disorders among the
European population, propel the regional market growth.
The Asia Pacific
brain monitoring market is emerging as a promising market. Rising cases of
neurological disorders in the Southeast Asian and Western Pacific regions
foster the growth of the market. Besides, rising head injuries due to the road
collisions alongside the increasing rate of TBI in the region are promoting the
growth of the APAC brain monitoring market. Moreover, large unmet needs and the
availability of low-cost treatment procedures, are acting as key driving forces
for the growth of the regional market.
Global Brain Monitoring Market - Competitive Analysis
Highly competitive,
the brain monitoring treatment market appears fragmented, with various
well-established players forming a competitive landscape. To gain a competitive
advantage, these players incorporate strategic initiatives such as mergers
& acquisitions, expansion, and product launch.
Major Players:
Players leading the
global brain monitoring market, include Medtronic plc (Ireland), Philips
Healthcare (Netherlands), Natus Medical Inc. (US), Siemens Healthineers
(Germany), Nihon Kohden Corporation (Japan), GE Healthcare (UK), Electrical
Geodesics Incorporated (US), Compumedics Ltd. (Australia), Advanced Brain
Monitoring (US), and CAS Medical Systems, Inc. (US), among others.
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