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.
Industry/Innovations/Related News:
December 16, 2019 ---- IRRAS (Sweden), a global healthcare company
offering a comprehensive portfolio of innovative neurocritical care products, launched
its Hummingbird® ICP Monitoring product range in the United States. Designed
for accuracy, reliability, and ease of use, the Hummingbird ICP Monitoring
product line, include proprietary single and multi-lumen cranial access bolts,
parenchymal intracranial pressure (ICP) monitoring, and a cranial access kit.
Acquired by IRRAS in May 2019, these products help clinicians diagnose and
manage patients' intracranial pressure after traumatic brain injury, a
subarachnoid hemorrhage, and a stroke.
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