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Brain monitoring 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 Size 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.
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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.
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.
Global Brain Monitoring Market – Segments
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.
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.
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