Global Brain Monitoring Market Report 2021-2026: Focus on Accessories, MRI, CT, PET, EEG, EMG, MEG, ICP, Electrode, Paste, Gel, Battery, Cable, Invasive – ResearchAndMarkets.com
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DUBLIN–(BUSINESS WIRE)–The “Global Brain Monitoring Market Forecasts to 2026” report has been added to ResearchAndMarkets.com’s offering.
The global brain monitoring market size is estimated to be USD 8.0 billion by 2026, from USD 5.8 billion in 2021, at a CAGR of 6.5%
The brain monitoring market is mainly driven by factors such as the increasing incidence and prevalence of neurological disorders, rising awareness of neurodegenerative diseases, growth in the number of traumatic brain injuries, and rising applications of brain monitoring in clinical trials.
The increasing demand for non-invasive and minimally invasive devices, the expanding therapeutic applications of brain monitoring devices, and the growing healthcare market in emerging economies are also expected to provide opportunities for growth for players in the market.
On the other hand, the high cost of complex brain monitoring procedures and devices, unfavorable reimbursement policies, and the shortage of trained professionals to effectively operate brain monitoring devices are restraining the growth of this market.
The devices segment is expected to account for the largest share 74.9% of the brain monitoring devices market in 2020
By product, the global brain monitoring market is categorized into devices and accessories. The devices segment is expected to hold the largest share 74.9% of the brain monitoring market in 2020. This is mainly due to the rising incidence of neurological, neurodegenerative, psychotic, and sleep disorders; the need for early diagnosis; the availability of innovative portable and wearable home-based monitoring devices; and increasing patient awareness.
The electrodes segment to register the highest growth rate in the forecast period
The electrodes segment is expected to register the highest growth rate in the forecast period. Technological advancements have enhanced the tissue interface of electrodes and facilitated the development of cost-effective, high-performance electrodes in this market. In addition, the introduction of disposable electrodes has also greatly driven their adoption and the growth of this market segment.
North America to be the largest regional segment in the brain monitoring market during the forecast period.
Based on the region, the global brain monitoring market is divided into North America, Europe, Asia, and the RoW. North America is expected to hold the largest share of the global brain monitoring market in 2020, while Asia is projected to be the fastest-growing region in the forecast period.
Growth in the market in Asia is due to the growing geriatric population, the availability of low-cost labor and skilled manpower, increase in disposable incomes, rising prevalence of neurodegenerative disorders, and increasing government emphasis on healthcare reforms in the region.
The brain monitoring market is dominated by a few globally established players such as
- Natus Medical, Inc. (US)
- Nihon Kohden Corporation (Japan)
- Philips Healthcare (Netherlands)
- GE Healthcare (US)
- Siemens Healthineers (Germany)
- Compumedics, Ltd. (Australia)
- Medtronic (Ireland)
- Edwards Lifesciences Corporation (US)
- Dragerwerk AG & Co. KGaA (Germany)
- Advanced Brain Monitoring (US)
- Masimo Corporation (US)
- Spiegelberg GmbH & Co. KG (Germany)
- Cadwell Industries (US)
Premium Insights
- Increasing Incidence and Prevalence of Neurological Disorders – A Major Factor Driving Market Growth
- Devices Segment to Dominate the Market During the Forecast Period (2021-2026)
- Hospitals Held the Largest Share of the End-User Market in 2020
- Markets in the APAC and Row Will Register High Growth Rates During the Forecast Period
Market Dynamics
Drivers
- Increasing Incidence and Prevalence of Neurological Disorders
- Rising Awareness of Neurodegenerative Disorders
- Growing Incidence of Traumatic Brain Injuries
- Increasing Applications in Clinical Trials
Restraints
- High Cost of Complex Brain Monitoring Procedures and Devices
- Unfavorable Reimbursement Policies
Opportunities
- Increasing Demand for Non-Invasive and Minimally Invasive Devices
- Expanding Therapeutic Applications of Brain Monitoring Devices
- Growing Healthcare Market in Emerging Economies
Challenges
- Shortage of Trained Professionals
- Issues Related to Product Approval and Commercialization
- Impact of COVID-19 on the Brain Monitoring Market
Pricing Analysis
- Value Chain Analysis
- Research & Development
- Manufacturing & Assembly
- Distribution, Marketing & Sales, and Post-Sales Services
- Ecosystem Analysis
Porter’s Five Forces Analysis
Regulatory Landscape
- North America
- US
- Canada
- Europe
- Asia-Pacific
- Japan
- China
- India
Patent Analysis
- Major Patent Holders for MRI Devices (January 2011-May 2021)
- Major Patent Holders for Ct Scanners (January 2011-May 2021)
- Major Patent Holders for Pet Scanners (January 2011-May 2021)
For more information about this report visit https://www.researchandmarkets.com/r/viy53f
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