Global Brain Monitoring Market Forecast to 2030
The Global Brain Monitoring Market research report is a comprehensive document that outlines the most recent advancements and developments in the Brain Monitoring industry, with 2019 as the base year and 2022-2030 as the forecast period. The report provides useful insights into market size, market share, sales channel and distribution network, market segmentation, demands and trends, and growth prospects. The report also examines market growth on a global and regional scale. The report investigates the COVID-19 pandemic's impact on the Brain Monitoring Market and its key segments.
The global brain monitoring market size is expected to reach USD 10.30 Billion at a steady revenue CAGR of 6.5% in 2030, according to latest analysis by Emergen Research. Rising prevalence of TBI is a major factor driving market revenue growth. Brain monitoring devices are used to monitor and diagnose neurological conditions by exploring structure and function of brain. This method includes use of various brain imaging instruments to monitor brain processes such as electroencephalography devices, intracranial pressure sensors, and magnetoencephalography. For instance, TBI is responsible for around 52,000 fatalities in the U.S. each year. Mortality rate for fatalities outside of the hospital is roughly 17 per 100,000 individuals, while rate for hospitalized patients is approximately 6 per 100,000 individuals. Each year, an estimated 475,000 TBIs occur among children aged 0-14 years. According to National Institutes of Health Consensus Development Panel on Rehabilitation of Persons with TBI, 2.5-6.5 million Americans have TBI-related disability. In addition, increased prevalence of traumatic brain injury leads to increased necessity for brain monitoring, thus driving market revenue growth.
High cost of brain monitoring equipment is a major restraining market revenue growth. For example, brain diagnostic testing has proved both expensive and time-consuming. An fMRI machine used in neuroscience research can cost between USD 500,000 and USD 3 million. A hospital-grade fNIRS system can cost anywhere between USD 100,000 and USD 400,000, whereas an EEG unit can cost up to USD 100,000.
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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Brain Monitoring market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Companies Profiled in the Report are:
Natus Medical Incorporated, NIHON KOHDEN CORPORATION, Koninklijke Philips N.V., General Electric, Siemens Healthcare GmbH, Compumedics Limited, Medtronic, Edwards Lifesciences Corporation, Advanced Brain Monitoring, Inc., Drägerwerk AG Co. KGaA
Research Report on the Brain Monitoring Market Addresses the Following Key Questions:
- Who are the dominant players of the Brain Monitoring market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Brain Monitoring market?
- What are the key growth drivers and restraining factors of the Brain Monitoring market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Brain Monitoring market and its key segments?
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Some Key Highlights From the Report
- On 16 March 2022, Braintale, a French medtech that specializes in cerebral white matter, launched brainTale-care platform, which contains modules brainQuant, measuring white matter and brainScore-coma and predicting coma recovery. In Europe, the firm is taking an essential step ahead in its development by providing an innovative decision support digital medical device to physicians and healthcare professionals.
- The invasive segment is expected to account for a large revenue share during the forecast period attributed to increased precision of equipment used in invasive operations. For example, invasive EEG monitoring is used as a part of evaluation process for epilepsy surgery. It helps doctors understand diagnoses by measuring electrical activity in the brain. Invasive EEG monitoring is frequently reserved for epileptic patients who have not responded to medication or therapy and whose initial examination does not present a clear enough image to justify surgical intervention. In addition, when defining brain function surrounding epilepsy surgery locations, invasive monitoring is also essential, which is driving market revenue growth.
- The traumatic brain injury segment is expected to account for largest revenue share during the forecast period attributed to its increased prevalence. TBI is the leading cause of death and disability among children and young adults in the U.S. Every year, an estimated 1.5 million Americans experience TBI. In addition, individuals of all ages are at risk of TBI, adolescents, while young adults, and those over the age of 75 are the most vulnerable. TBI is twice as prevalent in men as in women. As a result of rising occurrence of traumatic brain injury, there is a greater need for brain monitoring, which drives market revenue growth.
- The Europe market is expected to register a steady revenue growth rate over the forecast period. This is attributed to growing government initiatives to raise awareness and tackle neurodegenerative diseases in this region by providing better treatment options. For example, on 14 November 2021, the UK government announced a USD 460.8 million funding to better investigate and treat a range of neurodegenerative disorders. The entire investment will be directed toward projects that will improve understanding of diseases such as Pick's disease, Wernicke-Korsakoff syndrome, frontotemporal dementia, Parkinson's disease dementia, lewy body dementia, Alzheimer’s disease, and mild cognitive impairment, as well as research into new treatments. As a result of such increased activities from government agencies, awareness regarding neurodegenerative illnesses is developing, which is driving market revenue growth.
Market Segmentations of the Brain Monitoring Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2021 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Brain Monitoring market on the basis of product, application, and region:
Segments Covered in this report are:
- Product Outlook (Revenue, USD Billion; 2019–2030)
- Magnetic Resonance Imaging (MRI) Scanners
- Computed Tomography (CT) Scanners
- Electroencephalogram (EEG) Devices
- Positron Emission Tomography (PET) Scanners
- Sleep Monitoring Devices
- Cerebral Oximeters
- Electromyography (EMG) Devices
- Intracranial Pressure Monitoring (ICP) Monitors
- Magnetoencephalography (MEG) Devices
- Transcranial Doppler (TCD) Devices
- Accessories
- Electrodes
- Wet Electrodes
- Dry Electrodes
- Needle Electrodes
- Sensors
- Pastes Gels
- Caps
- Batteries
- Cables
- Others
- Others
- Procedure Outlook (Revenue, USD Billion; 2019–2030)
- Invasive
- Non-Invasive
- Medical Condition Outlook (Revenue, USD Billion; 2019–2030)
- Traumatic Brain Injury
- Stroke
- Dementia
- Headache Disorders
- Sleep Disorders
- Parkinson’s Disease
- Epilepsy
- Huntington Disease
- Others
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Regional Landscape section of the Brain Monitoring report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key reasons to buy the Global Brain Monitoring Market report:
- The latest report comprehensively studies the global Brain Monitoring market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
In conclusion, the Brain Monitoring Market report is an exhaustive database that will help readers formulate lucrative strategies. The Brain Monitoring Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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