BIOFEEDBACK MEASUREMENT INSTRUMENT MARKET ANALYSIS

Global Biofeedback Measurement Instrument Market is estimated to be valued at US$ 185.4 million in 2023 and is expected to exhibit a CAGR of 5.9 % during the forecast period (2023-2030).

Analysts’ Views on Global Biofeedback Measurement Instrument Market:

Biofeedback uses electronic devices to monitor physiological responses and provide feedback. Biofeedback is often aimed at changing habitual responses to stress that can lead to pain and illness. Patients can reach a relaxed state by getting feedback on physical reactions like skin temperature and muscular tension. Feedback signals can also act as a kind of reward to reduce tension. Patients suffering from diseases with strong stress factors can also benefit from using psychophysiological learning models. This model requires understanding the patient as an individual. Expertise can help patients become aware of the physiological impacts of stress in their life by combining biofeedback with stress management and other psychotherapy methods.

Figure 1. Global Biofeedback Measurement Instrument Market Share (%), by Type, 2022

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Global Biofeedback Measurement Instrument Market – Driver

Development in technologies is expected to drive the market

Interactive computer programs or mobile devices create a great impact on the growth of global biofeedback measurement instrument market. For instance, on March 18, 2023, The Mayo Clinic, U.S. which is based on clinical practice, education and research, explains some types of biofeedback devices measure physical changes in the body. Heart rate and skin changes are measured with a pad attached to a finger or ear. The measuring pad is connected to the computer. By using computer hints and pictures, the device reduces tension by: Become aware of breathing. Studies have shown that using this kind of gadget can help people manage tension and quiet their minds. So relax muscles and think positively about  abilities to handle stress.

Figure 2. Global Biofeedback Measurement Instrument Market (US$ Million), by Region, 2023

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Global Biofeedback Measurement Instrument Market - Regional Analysis

The North America region is expected to dominate global biofeedback measurement instrument market due to the increase in the adoption of advanced technology. On March 18, 2023, The Mayo Clinic, U.S. which is based on clinical practice, education, and research, states wearable device. One variation is to wear a measuring pad around the waist that monitors breathing patterns using a downloadable app of biofeedback. This can tell when tense and offers breathing exercises to calm down. Another type of biofeedback treatment involves wearing a headband that tracks brain activity while meditating.

Global Biofeedback Measurement Instrument Market – Impact of Coronavirus (COVID-19) Pandemic

During COVID, the disease has spread to over 100 countries across the globe and the World Health Organization has declared it a public health emergency. According to the World Health Organization report, the manifestation of coronavirus (COVID-19) has resulted in more than 765 million confirmed cases and over 6.9 million deaths globally as of May 31, 2023.

COVID-19 affected the economy in three main ways: by directly affecting the production and demand of drugs, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as China, India, Saudi Arabia, the U.A.E., Egypt, and others, are facing problems with the transportation of drugs from one place to another.

Moreover, various healthcare regulatory authorities have issued guidelines for patients who require critical care during the COVID-19 pandemic. According to the Massachusetts Institute of Technology, the U.S. on October 18, 2021, the treatment Seal robot was widely used in medical biofeedback devices and social fields as a support robot in the field of mental health. Paro has proven to be an effective and economical non-pharmacological intervention for mental and physical health during the COVID-19 crisis Pandemic. By using Paro robots in such an era, more study data can be obtained, It has helped alleviate the negative stigma surrounding the use of robots in the point of care.

Global Biofeedback Measurement Instrument Market Segmentation:

The Global Biofeedback Measurement Instrument Market is segmented into type and end user.

Based on type, the global biofeedback measurement instrument market is segmented into Brainwaves, Heart rate, Muscles, Sweat glands, and Others. Out of which, Brain waves is expected to dominate the market over the forecast period through improved function, pain relief, and advanced quality of life.

Based on End user, the global biofeedback measurement instrument market is segmented into Hospitals, clinics, Home settings, and Ambulatory surgical centers. Out of which, hospitals dominates by growth in the number of hospitals and increasing demand for advanced treatments.

Among all the segments, type is dominating the global biofeedback measurement instrument market. For instance, on December 2, 2022, an article published by National Center for Biotechnology Information ( NCBI ) explains there are no absolute contraindications to biofeedback. It can be used for all ages and is widely accepted as a safe procedure. Patients must be able to play an active participating role.

Global Biofeedback Measurement Instrument Market: Key Developments

On May 17, 2021, Thought Technology, works on biofeedback, neurofeedback, and psychophysiological instrumentation partnered with TRUCHIRO, a chiropractic company, to distribute NeuroInfiniti physiological assessments. Neurolnfiniti software combined with clinical-grade equipment allows chiropractors to assess a patient's autonomic nervous system function by measuring EEG, hand temperature, skin conductance (GSR), sEMG, respiration, and heart rate variability. This system is concerned with how the nervous system functions, how it responds to stress, how it recovers from stress, and most importantly, how the nervous system responds to care.

On March 19, 2020, Thought Technology, which is based on Biofeedback, Neurofeedback, and Psychophysiological instrumentation announced the release of new Synergy Solution software for use with the triple physiological sensor eVu-TPS. Users can assess, monitor and train individuals to improve their physiological responses to stressors. Family counselors, marriage/couples therapists, and anyone interested in group dynamics can monitor users' biosignals to gain quick insight into their perception of events. Imagine if a couples counselor could see the effect of one partner's words on the other.

Global Biofeedback Measurement Instrument Market - Cross sectional analysis

As the type segment,  brainwaves dominates the global biofeedback measurement instrument market. For instance, an article published on company website by Quantum world vision,Canada, a manufacturer of the indigo biofeedback system states that the INDIGO Biofeedback System functions in a multitude of ways, it can send signals to measure and record electro-physiological reactions to a multitude of items, re-educate certain muscles, nerves or organs or it can retrain areas of the body/mind to healthier patterns.

Global Biofeedback Measurement Instrument Market - Key Trends

Strategies such as new technologies in global biofeedback measurement instrument market.

The key market players are engaged in adopting inorganic strategies such as new technologies in biofeedback measurement instrument market. For instance, on November 14, 2022, Wareables such as Fitbit,Apple,U.S. launched new technology stress wearables, a device that monitors stress. Stress detection and management technology are already pervasive in wearable devices, and it's not just about mental health concerns. Wearables also use these physiological measurements to provide insight into the type of stress the body experiences from exercise.

Global Biofeedback Measurement Instrument Market: Restraint

Complications associated with Biofeedback Measurement Instrument

Complications are expected to hinder the growth of the Global Biofeedback Measurement Instrument Market. According to National Center for Biotechnology Information (NCBI) on December 2, 2022, explains that biofeedback is a very safe, well-tolerated procedure with minimal complications. Continued use of biofeedback during treatment may result in decreased performance after discontinuation. Therefore, to achieve sustained improvement, it is beneficial to practice the same technique without using a biofeedback device as part of the overall treatment. If patients do not practice this technique frequently, over time the treatment results may be less than intended and retraining may be required.

Global Biofeedback Measurement Instrument Market - Key Players

Major Key players operating in the global biofeedback measurement instrument market include Thought Technology Ltd, ELMIKO, Mind Media, Laborie, Behavioral Medicine Associates, Inc, Neurocare Group Gmbh, Allengers Medical Systems, BrainMaster Technologies, Inc, Quantum World Vision, NCC Medical, Qxsubspace.