Brain Monitoring Market Analysis and Size:
As per recent research by MarkNtel Advisors, the Global Brain Monitoring Market size was valued at USD 3.3 billion in 2023 and is estimated to grow at a CAGR of around 7.4% during the forecast period, i.e., 2024-30.
Market Drivers : Rising Frequency & Occurrence of Neurological Disorders –
As the occurrence of neurological disorders worsens with age, it’s crucial to closely monitor brain and nervous system functionality. Globally, there is an upward trend of neurological disorders comprising dementia, epilepsy, Parkinson’s disease, Huntington’s disease, and cerebral palsy, which lead to augmented mortality rates linked with psychiatric or developmental problems. The contributing factor to the surge revolves around a rapidly rising elderly population, accounting for over 20% of individuals worldwide aged above 65 years by the year 2030, as estimated by the American Medical Association. With aging comes chronic age-related illnesses affecting roughly 60% before hitting this threshold even before the anticipated period within three years (2024).
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Brain Monitoring Market Scope:
The Brain Monitoring Market is segmented into different categories. This segmentation enables a detailed analysis of specific areas of growth, aiding in strategic market approaches. It helps identify key application areas and variances within target markets, facilitating focused strategies to capitalize on niche opportunities.
By Product
By Devices- Market Size & Forecast 2019-2030, (USD Million)
-Electroencephalograph- Market Size & Forecast 2019-2030, (USD Million)
-Transcranial Doppler- Market Size & Forecast 2019-2030, (USD Million)
-Magnetoencephalography- Market Size & Forecast 2019-2030, (USD Million)
-Intracranial Pressure Monitor- Market Size & Forecast 2019-2030, (USD Million)
-Cerebral Oximeter- Market Size & Forecast 2019-2030, (USD Million)
-MRI (Includes FMRI Too)- Market Size & Forecast 2019-2030, (USD Million)
-CT- Market Size & Forecast 2019-2030, (USD Million)
-PET- Market Size & Forecast 2019-2030, (USD Million)
-Sleep Monitoring Devices- Market Size & Forecast 2019-2030, (USD Million)
-Electromyography Devices- Market Size & Forecast 2019-2030, (USD Million)
-By Accessories- Market Size & Forecast 2019-2030, (USD Million)
By Type- Market Size & Forecast 2019-2030, (USD Million)
-Electrodes- Market Size & Forecast 2019-2030, (USD Million)
-Sensors- Market Size & Forecast 2019-2030, (USD Million)
-Pastes and Gels- Market Size & Forecast 2019-2030, (USD Million)
-Caps- Market Size & Forecast 2019-2030, (USD Million)
-Cables- Market Size & Forecast 2019-2030, (USD Million)
-Batteries- Market Size & Forecast 2019-2030, (USD Million)
-Others- Market Size & Forecast 2019-2030, (USD Million)
-By Usability- Market Size & Forecast 2019-2030, (USD Million)
-Disposable- Market Size & Forecast 2019-2030, (USD Million)
-Non-Disposable- Market Size & Forecast 2019-2030, (USD Million)
By Procedure
-Invasive- Market Size & Forecast 2019-2030, (USD Million)
-Non-Invasive- Market Size & Forecast 2019-2030, (USD Million)
By Modality
-Fixed- Market Size & Forecast 2019-2030, (USD Million)
-Portable- Market Size & Forecast 2019-2030, (USD Million)
-Wearable- Market Size & Forecast 2019-2030, (USD Million)
By Medical Condition
-Traumatic Brain Injuries- Market Size & Forecast 2019-2030, (USD Million)
– Stroke- Market Size & Forecast 2019-2030, (USD Million)
– Dementia- Market Size & Forecast 2019-2030, (USD Million)
– Headache Disorders- Market Size & Forecast 2019-2030, (USD Million)
– Sleep Disorders- Market Size & Forecast 2019-2030, (USD Million)
– Epilepsy- Market Size & Forecast 2019-2030, (USD Million)
– Parkinson’s Disease- Market Size & Forecast 2019-2030, (USD Million)
– Huntington’s Disease- Market Size & Forecast 2019-2030, (USD Million)
– Other Therapeutic Applications- Market Size & Forecast 2019-2030, (USD Million)
By End-User
-Hospitals- Market Size & Forecast 2019-2030, (USD Million)
-Neurological Centers- Market Size & Forecast 2019-2030, (USD Million)
-Diagnostic Centers- Market Size & Forecast 2019-2030, (USD Million)
-ASCS and Clinics- Market Size & Forecast 2019-2030, (USD Million)
-Others- Market Size & Forecast 2019-2030, (USD Million)
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Brain Monitoring Market Geographical Analysis:
By Region:
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
Competitive Landscape and Brain Monitoring Market Share Analysis:
The Brain Monitoring market is highly competitive, with several key players dominating the landscape. Some of the prominent companies in the market include:
- Natus Medical Inc.
- Nihon Kohden Corporation
- Philips Healthcare
- Siemens Healthineers
- Compumedics Limited
- Medtronic Plc
- Edwards Lifesciences
- Advanced Brain Monitoring Inc.
- Drägerwerk Ag & Co. Kgaa
- Masimo Corporation
- Luciole Medical Ag
- Others
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Questions Addressed in this Study
1.What factors are driving the Brain Monitoring Market growth?
2.How is the Brain Monitoring Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Brain Monitoring Market?
4.What is the current size of the Brain Monitoring Market, and how is it projected to change in the future?
6.What is the future outlook for the Brain Monitoring Market in terms of technological advancements and market expansion?
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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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