BRAIN MONITORING MARKET ANALYSIS

Brain Monitoring Market, By Product Type (Magnetoencephalograph, Electroencephalograph Cerebral Oximeters, Functional Magnetic Resonance Imaging (fMRI), Intracranial pressure Monitoring Devices, and Other Product Types), By Application (Parkinson’s Disease, Traumatic Brain Injury Epilepsy, Dementia, and Sleep Disorders Other Applications), By End User (Hospitals and Diagnostic Centers), and By Geography (North America, Europe, Asia Pacific, Middle East and Africa, and Latin America)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Published In : Jan 2023
Code : CMI165
Pages :168
Formats :
Excel and PDF
Industry : Medical Devices

Brain Monitoring MarketSize and Trends

The global brain monitoring market was valued at US$ 3,170.4 Mn in 2021 and is forecast to reach a value of US$ 5,092.7 Mn by 2028 at a CAGR of 7.1% between 2022 and 2028. The global brain monitoring market is experiencing strong growth due to the increase in incidence of brain disorders and growing geriatric population across the globe. Moreover, rise in demand for brain monitoring devices and increase in research & development worldwide is expected to boost the market growth. However, factors such as stringent regulatory framework for device approval and lack of skilled personnel to handle monitoring devices are expected to hamper the market growth.

Global Brain Monitoring Market Trends:

Expanding therapeutic applications is a recent trend

With the expanding therapeutic applications of brain monitoring devices, demand for non-invasive and minimally invasive devices is also increasing with the rapid pace. For instance, use of wearable brain sensors help differentiate cognitive states in many neurodegenerative conditions. Nowadays, wireless headsets allow readings to be done in a completely non-invasive way and in some cases, assess patients from the comfort of their homes. This trend is expected to continue over the forecast period, driving the growth of the market.

Rising awareness about neurodegenerative disorders is another trend

Alzheimer's disease is the most common cause of dementia among older adults. While, PD is the second common progressive neurodegenerative disease and is prevalent across the world. Thus, it is essential to be aware about such disorders. Every June, Alzheimer's Association raises awareness of this neurodegenerative disease during Alzheimer's & Brain Awareness Month. While, April is the Parkinson's Disease Awareness Month. This trend is also expected to continue over the forecast period, driving the growth of the global biosurgery market.