Brain Monitoring Market – Size, Share, Trends, Growth, Forecast (2024 – 2032)

Introduction:

Brain monitoring is the process of monitoring and diagnosing neurological conditions by exploring the structure and function of the brain. Brain monitoring devices allow to observe and identify activity of neurons without invasive neurosurgery. These devices mainly monitor brain functions such neural activity, pressure surrounding the brain, cerebral oxygen capacity, tumor and strokes, blood pressure, traumatic cranial injury, and other critical conditions and aid in avoiding severe consequences.

Global Brain Monitoring Market Size & Growth:

The global brain monitoring market was valued at $XX Billion in 2018 and is expected to reach $15.01 Billion by 2026, growing at a CAGR of around 6.92% during the forecast period. Factors such as growing incidence of neurological disorders, changing lifestyles, and technological advancements in brain monitoring devices are driving the market growth during the forecast period. In addition, ease of use and portability of brain monitoring devices is also a major factors driving the market growth during the forecast period. Despite these drivers, lack of skilled professionals, unfavorable reimbursement policies and strict regulations are the major restraints hampering the market growth during the forecast period. Increasing therapeutic & clinical trial applications of brain monitoring devices, growing demand for non-invasive and minimally invasive devices, and untapped market potential are driving the market towards greater opportunities during the forecast period.

Global Brain Monitoring Market Segments:

The global brain monitoring market is segregated on the basis of product, disease type, end-user, and geography. By product, the market is categorized into devices and accessories, where the devices segment accounted the largest market share in the global market in 2018. The segment growth is primarily driven by high incidence of neurological, neurodegenerative, and sleep disorders, growing need for early diagnosis, and rise in patient awareness.

Based on devices, the market is again sub-classified into MRI scanners, CT scanners, electroencephalography devices, sleep monitoring devices, and others. Among these, MRI scanners is estimated to hold the largest market share, due to high usage of this technique for medical diagnosis and it provides superior images with contrast.

On the basis of disease type, the market is segmented into Parkinson’s disease, Huntington’s disease, headache disorders, strokes, traumatic brain injuries, sleep disorders, and others (Autism, Schizophrenia, Williams Syndrome, Landau-Keffer Syndrome, Depression, Attention-deficit Hyperactivity Disorder, Dyslexia, and Sickle-cell Disease). The traumatic brain injuries are estimated to account the largest market share due to growing occurrence of blunt trauma, falls, and motor vehicle crashes.

By end-user, the market is divided into hospitals, diagnostic laboratories, ambulances, and others. The hospitals segment held the largest market share, owing to growing usage of brain monitoring devices in hospitals and increasing awareness of brain diseases and conditions.

Based on end-user, the market is categorized into North America, South America, Europe, Asia Pacific, and Middle East & Africa. Among these, North America region is expected to remain dominant over the forecast period. This regional growth is mainly driven by the factors such as well-developed healthcare industry, presence of leading manufacturers in the region, and high adoption rate of brain monitoring devices. However, Asia-Pacific region is projected to witness the highest growth rate during the forecast period, due to increase in number of geriatric population and rise in purchasing power of countries in the region.

Global Brain Monitoring Market Trends:

• In 2018, Advanced Brain Monitoring, Inc., a neuro diagnostic device company, announced the award of a new grant from the National Institute on Aging (NIA) at the NIH to evaluate socially assistive robot (SAR) interventions to mitigate cognitive decline associated with aging and dementia.
• In 2019, Edwards Lifesciences closed the $98 million acquisition of CAS Medical Systems and its non-invasive brain tissue oxygenation monitoring tech.

Global Brain Monitoring Market Research Report Include:

• An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
• To have complete market analysis through industry value chain analysis, porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
• Regional and global diversity is analyzed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
• Identifying DROC in the current market and their impact in altering the market dynamics.
• Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial analysis with major competitors.
• Expertise investment opportunities by analyst to the individual and organization to have better foothold in the market.
• Identify the latest developments, market shares and strategies that are employed by the major market players, such as
• Advanced Brain Monitoring, Inc.
• CAS Medical Systems, Inc.
• Medtronic PLC.
• Electrical Geodesics, Inc.
• GE Healthcare.

Along with these companies, there were many other companies considered/ cited in the report while analyzing the brain monitoring market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.