Brain Monitoring Market Analysis by Size, Share, Growth, Trends and Forecast 2032
Ngày đăng: 18-08-2023 |
Ngày cập nhật: 18-08-2023
The global Brain Monitoring Market reached a valuation of USD 6,261.8 million in 2020 and is poised to maintain a steady growth trajectory with a projected Compound Annual Growth Rate (CAGR) of 5.9% throughout the forecast period. The consistent expansion of the brain monitoring sector is primarily attributed to the increasing prevalence of post-surgical cerebrovascular incidents. This surge in incidents has consequently driven the demand for automated brain monitoring devices in hospitals and neurology centers. These devices play a pivotal role in comprehending the effects of anesthesia and sedatives during medical procedures.
Brain monitoring devices, categorized as neuro-diagnostic tools, serve the purpose of tracking and diagnosing brain functionality. By observing the brain's electrical and neural activities, these devices facilitate the monitoring and analysis of neurological conditions. Particularly, brain monitoring becomes crucial in critical medical situations where neurologic injuries are unforeseeable.
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The process of brain monitoring involves the utilization of various devices such as electroencephalography devices, intracranial pressure monitors, and Doppler devices. These instruments track diverse aspects of brain function, encompassing the speed of blood circulation within veins and arteries, cerebrum pressure, electrical and neural activities, brain death, and traumatic brain injuries.
Market Dynamics: Driving Factors: The growth of the brain monitoring market is propelled by the escalating incidences of neurological and cardiac disorders. According to estimates from the World Health Organization, approximately 50 million people globally are afflicted by dementia, with around ten million new cases arising annually. This prevalence contributes significantly to disability and dependency, particularly among the elderly. Neurological disorders like dementia, epilepsy, Parkinson's disease, and Huntington's disease have witnessed a noticeable uptick. Consequently, the necessity to monitor both neurological and brain functions has become paramount. Moreover, the risk of these disorders amplifies with age, acting as a major catalyst for market expansion. Additionally, conditions such as sickle-cell disease and cardiovascular disorders interfere with normal brain function, boosting the demand for brain monitoring devices and subsequently driving market growth.
Challenges: The high costs associated with brain monitoring devices and procedures, coupled with unfavorable reimbursement policies in developing nations, pose significant hindrances to the advancement of the brain monitoring market. The intricate nature of operating brain monitoring devices contributes to expensive procedures, limiting access to a limited number of patients. Stringent government regulations and substantial maintenance costs might impede the widespread adoption of these devices, thereby potentially obstructing market growth over the forecast period.
Product Types: The global brain monitoring market is segmented based on product types, encompassing Electroencephalography (EEG) Devices, Magnetoencephalography (MEG) Devices, Transcranial Doppler (TCD) Devices, Intracranial Pressure (ICP) Monitors, Cerebral Oximeters, Magnetic Resonance Imaging (MRI) Devices, Computerized Tomography (CT) Devices, Positron Emission Tomography (PET) Devices, Electromyography Devices, and Sleep Monitoring Devices. EEG devices, designed to identify brain abnormalities and electrical activity, are crucial in diagnosing conditions such as epilepsy, head injuries, brain tumors, and sleep disorders. The increasing prevalence of brain disorders and technological advancements propel the growth of this segment. MRI devices, which generate detailed images of the body's internal structures, have gained traction in hospitals and neurological centers due to their superior imaging capabilities compared to X-rays.
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End Use: In terms of end-use, hospitals hold the largest revenue share in 2020, owing to the complexity of brain monitoring procedures that require advanced and expensive equipment, typically found in hospital settings. Patient preference for multi-specialty hospitals and the financial capacity of hospitals to bear the maintenance costs of brain monitoring devices are contributing to market growth. Neurology centers are anticipated to experience a substantial CAGR during the forecast period.
Applications: The segmentation based on applications includes Parkinson's disease, traumatic brain injury, epilepsy, dementia, Huntington's disease, sleep disorders, stroke, and headache disorders. The dementia segment is expected to exhibit a significant CAGR, considering its impact on thinking and social abilities, interfering with daily activities. Traumatic brain injuries accounted for the largest revenue share in 2020, often arising from repetitive head injuries among individuals like football players, boxers, and military personnel. The rising number of road accidents also contributes to the demand for brain monitoring devices for accurate diagnosis and treatment.
Regional Landscape: North America dominated the brain monitoring market in 2020, fueled by the increasing number of clinical trials involving brain monitoring devices, a surge in neurological disorder cases, advanced healthcare facilities, and enhanced awareness about brain disorders. Meanwhile, the Asia Pacific region is projected to achieve the highest CAGR during the forecast period due to the presence of numerous market players and a rising demand for advanced brain monitoring devices. The region also has a substantial patient population suffering from stroke and neurological disorders, necessitating a robust healthcare system and thereby contributing to market growth.
Competitive Landscape: The competitive landscape of the global brain monitoring market features a moderate level of fragmentation, with several key players operating on both global and regional scales. These companies are engaged in product development and strategic partnerships to expand their product portfolios and establish a strong presence in the global market. Noteworthy players in the market include Advanced Brain Monitoring Inc., CAS Medical Systems Inc., Compumedics Ltd., Electrical Geodesics Inc., General Electric Company (GE Healthcare), Koninklijke Philips N.V. (Philips Healthcare), Medtronic PLC., Natus Medical Incorporated, Neural Analytics Inc., Nihon Kohden Corporation, and Siemens Healthineers AG.
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Brain monitoring devices, categorized as neuro-diagnostic tools, serve the purpose of tracking and diagnosing brain functionality. By observing the brain's electrical and neural activities, these devices facilitate the monitoring and analysis of neurological conditions. Particularly, brain monitoring becomes crucial in critical medical situations where neurologic injuries are unforeseeable.
Get a free sample PDF of the report, visit @ https://www.reportsanddata.com/download-free-sample/4900
The process of brain monitoring involves the utilization of various devices such as electroencephalography devices, intracranial pressure monitors, and Doppler devices. These instruments track diverse aspects of brain function, encompassing the speed of blood circulation within veins and arteries, cerebrum pressure, electrical and neural activities, brain death, and traumatic brain injuries.
Market Dynamics: Driving Factors: The growth of the brain monitoring market is propelled by the escalating incidences of neurological and cardiac disorders. According to estimates from the World Health Organization, approximately 50 million people globally are afflicted by dementia, with around ten million new cases arising annually. This prevalence contributes significantly to disability and dependency, particularly among the elderly. Neurological disorders like dementia, epilepsy, Parkinson's disease, and Huntington's disease have witnessed a noticeable uptick. Consequently, the necessity to monitor both neurological and brain functions has become paramount. Moreover, the risk of these disorders amplifies with age, acting as a major catalyst for market expansion. Additionally, conditions such as sickle-cell disease and cardiovascular disorders interfere with normal brain function, boosting the demand for brain monitoring devices and subsequently driving market growth.
Challenges: The high costs associated with brain monitoring devices and procedures, coupled with unfavorable reimbursement policies in developing nations, pose significant hindrances to the advancement of the brain monitoring market. The intricate nature of operating brain monitoring devices contributes to expensive procedures, limiting access to a limited number of patients. Stringent government regulations and substantial maintenance costs might impede the widespread adoption of these devices, thereby potentially obstructing market growth over the forecast period.
Product Types: The global brain monitoring market is segmented based on product types, encompassing Electroencephalography (EEG) Devices, Magnetoencephalography (MEG) Devices, Transcranial Doppler (TCD) Devices, Intracranial Pressure (ICP) Monitors, Cerebral Oximeters, Magnetic Resonance Imaging (MRI) Devices, Computerized Tomography (CT) Devices, Positron Emission Tomography (PET) Devices, Electromyography Devices, and Sleep Monitoring Devices. EEG devices, designed to identify brain abnormalities and electrical activity, are crucial in diagnosing conditions such as epilepsy, head injuries, brain tumors, and sleep disorders. The increasing prevalence of brain disorders and technological advancements propel the growth of this segment. MRI devices, which generate detailed images of the body's internal structures, have gained traction in hospitals and neurological centers due to their superior imaging capabilities compared to X-rays.
To know more about the latest insights of the report, visit @
https://www.reportsanddata.com/request-latest-insight/4900
End Use: In terms of end-use, hospitals hold the largest revenue share in 2020, owing to the complexity of brain monitoring procedures that require advanced and expensive equipment, typically found in hospital settings. Patient preference for multi-specialty hospitals and the financial capacity of hospitals to bear the maintenance costs of brain monitoring devices are contributing to market growth. Neurology centers are anticipated to experience a substantial CAGR during the forecast period.
Applications: The segmentation based on applications includes Parkinson's disease, traumatic brain injury, epilepsy, dementia, Huntington's disease, sleep disorders, stroke, and headache disorders. The dementia segment is expected to exhibit a significant CAGR, considering its impact on thinking and social abilities, interfering with daily activities. Traumatic brain injuries accounted for the largest revenue share in 2020, often arising from repetitive head injuries among individuals like football players, boxers, and military personnel. The rising number of road accidents also contributes to the demand for brain monitoring devices for accurate diagnosis and treatment.
Regional Landscape: North America dominated the brain monitoring market in 2020, fueled by the increasing number of clinical trials involving brain monitoring devices, a surge in neurological disorder cases, advanced healthcare facilities, and enhanced awareness about brain disorders. Meanwhile, the Asia Pacific region is projected to achieve the highest CAGR during the forecast period due to the presence of numerous market players and a rising demand for advanced brain monitoring devices. The region also has a substantial patient population suffering from stroke and neurological disorders, necessitating a robust healthcare system and thereby contributing to market growth.
Competitive Landscape: The competitive landscape of the global brain monitoring market features a moderate level of fragmentation, with several key players operating on both global and regional scales. These companies are engaged in product development and strategic partnerships to expand their product portfolios and establish a strong presence in the global market. Noteworthy players in the market include Advanced Brain Monitoring Inc., CAS Medical Systems Inc., Compumedics Ltd., Electrical Geodesics Inc., General Electric Company (GE Healthcare), Koninklijke Philips N.V. (Philips Healthcare), Medtronic PLC., Natus Medical Incorporated, Neural Analytics Inc., Nihon Kohden Corporation, and Siemens Healthineers AG.
Request a customized copy of the report @ https://www.reportsanddata.com/request-customization-form/4900
Thank you for reading our report. To inquire about customization or any query about the report, please get in touch with us. Our team will make sure the report is best suited to your needs.
Browse for more reports:
Point of Care (POC) Diagnostics Market
Cancer Immunotherapy Market
Cosmetic Dentistry Market
Apheresis Equipment Market
Dental X-Ray Market
Coronary Stents Market
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
John W
(Head of Business Development)
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Blogs | Press Release | Industry News | Our competencies
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