Electromyography (EMG) devices, deep brain stimulation systems (brain pacemakers), magneto encephalograms, cerebral oximeters, and other implantable brain devices are examples of brain monitoring equipment. These tools are used to track and manage neural activity that could be a factor in neurological disorders like Parkinson's, Alzheimer's, epilepsy, dementia, multiple sclerosis, sleep disorders, and brain tumors. Although pharmacological therapy can be utilized to address certain neurological problems, later stages of the disease may necessitate surgery. The market for mental health devices is projected to be driven by the rising desire for less intrusive treatments in emerging countries. Parkinson's patients are also learning that using brain health devices to treat their ailment is a beneficial, albeit slightly intrusive, option. Manufacturers now have the chance to dramatically increase their market share in developing countries.
The projection period (2019-2026) demands for a CAGR of 7.7% in the global market for Brain Health Devices.
Top Companies in the Brain Health Devices Industry:
1. BrainScope Company, Inc.
BrainScope Company, Inc. is a medical neuro-technology firm utilizing EEG technology to assess the full spectrum of mild traumatic brain injury (mTBI), including functional injuries (such as a concussion), and structural injuries (such as a brain bleed). It was founded in 2006 and is headquartered in Bethesda, Maryland. It operates in over 15 different countries. In May 2022, the MedTech Breakthrough Awards Program named BrainScope as "Best New Diagnostic Technology Solution"
2. Cadwell Industries, Inc.
Cadwell Industries, Inc. is a family owned, privately held American manufacturer neurodiagnostic and neuromonitoring equipment used around the world, was founded in 1979 and is headquartered in Washington, United States. It operates across 70 countries.
3. Compumedics Ltd.
Compumedics Ltd. is a global leader in the development, manufacture and commercialization of diagnostic technologies for the sleep, brain and ultrasonic blood-flow monitoring applications. It was founded in 1987 and is headquartered in Melbourne, Australia, It has its corporate headquarters in Melbourne, Australia, and the company coordinates its sales and marketing efforts around the world. In Jan 2022, COMPUMEDICS secures Major MEG brain imaging contract, the first MEG contract in Asia, IN CHINA, to the world-famous Tianjin Normal University (TJNU) in Tianjin, China.
4. Elekta
Elekta is a global Swedish company that develops and produces radiation therapy and radiosurgery-related equipment and clinical management for the treatment of cancer and brain disorders. It was founded in 1972 and is headquartered in Stockholm, Sweden. It operates in 120 countries globally. In November 2022, Elekta radiation treatment devices for cancer and brain disease were opened by Swedish and Jordanian royalty.
5. Electrical Geodesics, Inc.
Electrical Geodesics, Inc. is a medical technology company, was founded in 1992 and is headquartered in United States. It operates in the United States, Canada, Europe, Asia, and internationally. In July 2020, Magstim, the world leader in Transcranial Magnetic Stimulation (TMS), stated of it reaching an agreement with Royal Philips, the world leader in health technology, to buy the product line of Electrical Geodesics, Inc. (EGI).
6. Medtronic
Medtronic is an American medical device company, was founded in 1949 and is headquartered in Minnesota, U.S. It operates in over 150 countries around the world.
7. GE Healthcare
GE Healthcare trading as GE HealthCare, is an American multinational medical technology company, was founded in 1994. From Jan 2023, it is operating as a standalone company and is headquartered in Chicago, Illinois. It operates over 160 countries. In April 2022, Imeka and GE Healthcare partner to advance precision medicine for brain health. GE Healthcare will integrate Imeka's neuroimaging technology into BrainWave MRI to provide more insight into central nervous system diseases and disorders.
8. Natus Medical
Natus Medical was founded in 1987 and is headquartered in Pleasanton, CA. It operates in 100 countries. In December 2022, Natus Medical Incorporated (the "Company" or "Natus"), a leading provider of medical device solutions for screening, diagnosing, and treating disorders of the central nervous and sensory systems, signed an agreement to buy Micromed Holding SAS ("Micromed Group" or "Micromed"), a global provider of neurophysiology solutions.
Definition: Brain health is the state of brain functioning across cognitive, sensory, social-emotional, behavioural and motor domains, allowing a person to realize their full potential over the life course, irrespective of the presence or absence of disorders.
