The global brain monitoring devices market size is expected to reach USD 9.86 Billion by 2030 according to a new study by Polaris Market Research.
Increasing prevalence of traumatic brain injuries, the increasing demand for non-invasive treatments, coupled with the rising adoption of this equipment for therapeutic applications, are expected to increase the demand for the product during the projected period. Furthermore, expanding healthcare infrastructure along with advancement in miniature technologies in developing and developed nations are expected to create lucrative opportunities for market development.
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Additionally, the increasing presence of the geriatric population coupled with rising cases of neurological disorders has increased the adoption of these devices. Moreover, innovation in these technologies such as wireless monitoring, easy-to-use, non-invasive, and others is expected to increase the market demand for these devices over the forecast years.
Owing to an increase in head injury, an increasing adoption percentage of non-invasive technologies, as well as a reduced chance of death, the non-invasive category is expected to expand the quickest throughout the projection timeframe.
North America is expected to dominate the market over the projected period due to the presence of suitable reimbursement policies along with the increasing adoption of innovative technology products. Furthermore, increased disposable income of consumers in countries such as the U.S. and Canada is expected to contribute to the trend.
Some of the major players operating in the global market include B. Braun Medical, Advanced Brain Monitoring, B.D., CAS Medical Systems Inc., Cadwell Industries, Inc., Compumedics Limited, Rimed Inc., Siemens Healthcare Private Limited, NIHON KOHDEN CORPORATION, Electrical Geodesics, Inc, DePuy Synthes Companies, Elekta AB, EMOTIV Inc., GENERAL ELECTRIC COMPANY, Medtronic, Integra LifeSciences Corporation, Koninklijke Philips N., Masimo Corporation, Natus Medical Incorporated, and Yokogawa Electric Corporation.
Polaris Market Research has segmented the brain monitoring devices market report on the basis of product, procedure, application, end-use, and region:
Brain Monitoring Devices, Procedure Outlook (Revenue – USD Billion, 2018 – 2030)
- Invasive
- Non-invasive
Brain Monitoring Devices, Product Outlook (Revenue – USD Billion, 2018 – 2030)
- Magnetoencephalography (MEG)
- Electroencephalography (EEG)
- Intracranial Pressure (ICP) Monitors
- Transcranial Doppler (TCD)
- Cerebral Oximeters
- Computerized Tomography (CT)
- Magnetic Resonance Imaging (MRI)
- Positron Emission Tomography (PET)
- Sleep Monitoring
- Electromyography (EMG) Devices and Accessories
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Brain Monitoring Devices, Application Outlook (Revenue – USD Billion, 2018 – 2030)
- Dementia
- Epilepsy
- Parkinson’s Disease
- Headache Disorders
- Huntington’s Disease
- Traumatic Brain Injuries
- Stroke
- Sleep Disorders
- Others
Brain Monitoring Devices, End-Use Outlook (Revenue – USD Billion, 2018 – 2030)
- Hospitals
- Neurological Centers
- Diagnostic Centers
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