Brain Monitoring Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Brain Monitoring Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : September, 2020 | Medical Devices | PPT format

Report Digest


Global Brain Monitoring Market: Snapshot

Brain monitoring systems are used to measure the electrical or neuronal activity of the brain for various reasons such as to calculate bispectral index, i.e. the depth of anesthesia, diagnosis and monitoring of neurological and brain disorders, sleep disorders, trauma injury,to monitor intracranial pressure, and many other activities. These devices can be invasive or non-invasive and are also used to guide surgeons and other healthcare specialists while they carryout brain surgeries. Brain monitoring devices are also used to check health outcomes, while treatment of brain disorders is being undertaken.

These devices use either intracranial pressure and blood flow dynamics, or electrical impulses as an indicator of brain activity, to function. In contrast to its functioning, interpretation of data derived from the brain monitoring system depends on the level of expertise present in a clinician who is behind the entire treatment processes. In this case, technical aspects of methodology also are play a large role in the phase of interpretation of received data. Intracranial pressure (ICP) monitors, electroencephalograph (EEG) monitors, oximeters, and Transcranial Doppler sonography, among many others, are key brain monitoring systems used all over the world.

As incidences of neurological disorders is rising expansively all over the world, the global brain monitoring market is experiencing extensive growth in recent times. Widespread advancements in technologies associated with healthcare and medical sectors, especially in term of neurological disease diagnosis and treatments, has also made the market pick up rampant pace. The increasing occurrences of shock, traumatic injuries, post-surgical injuries, and other associated scenarios have also made the market grow rapidly.

However, high costs of providing monitoring followed by treatments is greatly restricting the global brain monitoring market. Nevertheless, many companies are expected to introduce cost-effective solutions in the next few years, which could reduce the effect of restraints, substantially.

Global Brain Monitoring Market: Overview 

Recent findings bring out the crucial role of brain monitoring devices in critical care units, driven by the increasing number of accidents. The global brain monitoring market offers a range of devices that monitor and identify abnormal brain activities, assisting in the treatment of brain-related disorders. According to the U.S. National Institute of Mental Health, every fourth adult in the U.S. is affected by a brain disorder, while nearly 6% of the population suffers from disabilities originating from severe brain damage. 

By end user, neurology centers, ambulatory surgical centers, hospitals, clinics, and ambulances can be some of the major segments of the market. Based on procedure, invasive and non-invasive can be the two broad categories. By type of disease, traumatic brain injuries, epilepsy, Huntington’s disease, sleep disorders, strokes, dementia, headache disorders, and Parkinson’s disease can be the key segments. 

Global Brain Monitoring Market: Key Trends 

Growing incidence of neurological and psychotic conditions, greater number of traumatic brain injuries, increasing awareness pertaining to neurodegenerative diseases and technological breakthroughs in the domain of brain monitoring have been the key growth drivers of the global brain monitoring market. The demand for non-invasive brain monitoring procedures has been escalating, promoting the market’s growth. Greater safety, reduced costs, enhanced speed, and convenience of these methods are some prominent advantages of non-invasive brain monitoring.

On the contrary, the dearth of skilled professionals, high costs of these devices, and the presence of unfavorable reimbursements might create obstacles for the growth of the global brain monitoring market. However, the emergence of cutting-edge technological solutions will open up doors to newer opportunities. 

Global Brain Monitoring Market: Market Potential 

The global market for brain monitoring is characterized by an upsurge in R&D activities and new product developments. For instance, a probe for monitoring brain activity was revealed by a consortium of European scientists in March 2017. The probe is made using graphene, a material offering greater flexibility, chemical stability, and biocompatibility. Graphene technology is in its nascent stage and promises great opportunities in brain interfaces with prosthetic devices, brain stimulation therapies, and clinical monitoring equipment. 

Similarly, a novel technology developed at Northwestern’s Kellogg School of Management assessed the brain waves of movie trailer viewers to predict the success of that particular film at the box office. The surprisingly accurate results of the study can aid researchers determine what content is most appealing, memorable, and engaging to consumers. This new technique that uses brain monitoring was developed by neuroscience and business professor, Moran Cerf in collaboration with neuroscience Ph.D. researcher Sam Barnett. They are working on how it can be used in sports stadiums, political campaigns, and classroom environments. 

Global Brain Monitoring Market: Regional Outlook 

By geography, the global brain monitoring market can be segmented into Asia Pacific, Europe, the Middle East and Africa, North America, and Latin America. Led by the U.S. and Canada, North America is likely to claim the leading share in the global market for brain monitoring. The growth of this region can be attributed to the rising incidence of sleep and neurodegenerative disorders, greater availability of insurance coverage, and government encouragement. Asia Pacific is slated for substantial growth over the next few years as the demand for brain monitoring devices in China and India goes on increasing, triggered by growing geriatric population and greater health awareness amongst people. 

Global Brain Monitoring Market: Competitive Analysis 

A number of companies are opting for mergers and acquisitions, collaborations, and partnerships to ramp up their profit. Some of the major companies operating in the global market for brain monitoring are GE Healthcare, Electrical Geodesics Incorporated, Nihon Kohden Corporation, Covidien PLC, Advanced Brain Monitoring, Natus Medical Inc., Philips Healthcare, CAS Medical Systems, Inc., Siemens Healthineers, Medtronic plc, and Compumedics Ltd.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?