Brain Monitoring Market Future Prospects and Forecast To 2028
The global brain monitoring market size was valued at USD 8.2 billion in 2021 and poised to grow at a significant CAGR of 5.7% over 2022-2028.Brain monitoring systems are neuro-diagnostics devices that capture any irregularities in brain function in order to monitor and diagnose brain activities. These gadgets aid in the monitoring of brain electrical and neural function. The purpose of brain monitoring devices is to uncover the structure and function of the brain in order to display and assess neurological problems. Furthermore, in catastrophic medical conditions where the extent of neurologic damage growth is uncertain, brain monitoring is critical. Every year, according to the National Institute of Mental Health in the United States, one out of every five adults suffers from a brain condition. It also claims that at least 7% of people have major disability as a result of severe brain damage. This startling statistic demonstrates the urgent need for brain monitoring equipment in today's worldwide healthcare sector.
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The increased prevalence of neurological illnesses in recent
years as a result of changing lifestyles, growing stress levels, and drastic
changes in social surroundings has boosted demand for brain monitoring devices.
These gadgets are being utilized to better comprehend the situations of
individuals with Alzheimer's disease, epilepsy, sclerosis, and brain tumors,
among other diseases. As a result, the growing patients who are suffering from
these illnesses is likely to boost the global market for brain monitoring
devices. The market is also developing as the number of post-surgical cerebrovascular
incidents continues to rise. These events have increased the demand for
automated brain monitoring equipment in clinics and hospitals in order to study
the effects of anesthesia and sedatives.
The global brain monitoring market segmentation:
1) By Product: Device Type and Procedure.
2) By Disease Type: Traumatic Brain Injuries (TBI), Stroke,
Dementia, Epilepsy, Huntington’s Disease, Parkinson’s Disease and Others.
3) By End User: Hospitals, Ambulatory Surgical Centers
(ASCs) and Clinics, Neurological Centers and Research Institutions
and Others.
Along with its excellent healthcare infrastructure, North
America is likely to lead the worldwide market. This market has an advantage
over other regions due to its strong technology acceptance and mobile device
penetration. The supportive regulatory structure and cheap healthcare plans in
North America are also encouraging the market for brain monitoring equipment.
The huge increase in the senior population has also aided the growth of the
North American market for brain monitoring devices. Patient awareness about the
benefits of brain monitoring devices in the treatment of conditions such as
sleep apnea, Alzheimer's disease, and epilepsy, among many others, will further
move the market forward.
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There are some major players working in brain
monitoring market, which include Natus Medical Inc.
(U.S.), Nihon Kohden Corporation (Japan), Philips Healthcare (Netherlands), GE
Healthcare (U.K.), Siemens Healthineers (Germany), Compumedics Ltd. (Australia),
Electrical Geodesics Incorporated (U.S.), Medtronic plc (Ireland), CAS Medical
Systems, Inc. (U.S.), Advanced Brain Monitoring (U.S.)
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