Brain Monitoring Market: A Look at the Industry's Current Status and Future Outlook Analysis Report Forecast 2030

Market Size – USD 5.80 Billion in 2021, Market Growth – at a CAGR of 6.5%, Market Trends – Increasing number of government initiatives in the Europe region

The Brain Monitoring Market research report is a comprehensive and vital document that includes business strategies, qualitative and quantitative analysis, and emerging trends in the global Brain Monitoring Market. The report provides in-depth research and analysis of the key elements of the global Brain Monitoring Market. This report was created by the research analysts after conducting extensive primary and secondary research and analysing the drivers, restraints, challenges, trends, and opportunities in the Brain Monitoring Market.

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 study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

The leading market contenders listed 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

Target Audience of the Global Brain Monitoring Market Report:

  • Key Market Players
  • Investors
  • Venture capitalists
  • Small- and medium-sized and large enterprises
  • Third-party knowledge providers
  • Value-Added Resellers (VARs)
  • Global market producers, distributors, traders, and suppliers
  • Research organizations, consulting companies, and various alliances interested in this sector
  • Government bodies, independent regulatory authorities, and policymakers

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Major Geographies Analyzed in the Report:

  • 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)

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 2020 and 2028. 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
        1. Wet Electrodes
        2. Dry Electrodes
        3. 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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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.

Additional information offered by the report:

  • Along with a complete overview of the global Brain Monitoring market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
  • The report elaborates on the global Brain Monitoring market size and share governed by the major geographies.
  • It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
  • It further presents a detailed description of the company profiles of the key market contenders.

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