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

DUBLIN – (BUSINESS WIRE)–Added Global Brain Monitoring Market Forecasts to 2026 report ResearchAndMarkets.com Offer.

Global brain monitoring market size is estimated to reach US$8.0 billion by 2026, up from US$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 diseases, increasing awareness of neurodegenerative diseases, increasing number of traumatic brain injuries and increasing application of brain monitoring in clinical trials.

Increasing demand for non-invasive and minimally invasive devices, increasing therapeutic applications of brain monitoring devices, and expanding healthcare market in emerging markets are also likely to provide growth opportunities for market participants.

On the other hand, the high cost of complex brain monitoring procedures and devices, unfavorable reimbursement policies, and the lack of trained professionals to operate brain monitoring devices effectively inhibit the growth of this market.

The device segment is expected to account for the largest share of the brain monitoring device market in 2020 at 74.9%

By product, the global brain monitoring market is categorized into devices and accessories. The device segment is expected to hold the largest 74.9% share 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 wearable and wearable home surveillance devices; and patient awareness.

The electrodes segment registers the highest growth rate during the forecast period

The electrodes segment is expected to register the highest growth rate during the forecast period. Technological advances have improved the tissue interface of electrodes and facilitated the development of low-cost, high-performance electrodes in this market. Additionally, the introduction of disposable electrodes has greatly fueled their acceptance and the growth of this market segment.

North America will be the largest regional segment in the brain monitoring market during the forecast period.

Based on region, the global brain monitoring market is segmented 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 expected to be the fastest growing region during the forecast period.

The growth of the market in Asia is attributed to the growing geriatric population, availability of low-cost labor and skilled labor, increase in disposable income, increasing prevalence of neurodegenerative diseases, and increasing government emphasis on healthcare reforms in the region.

The brain monitoring market is dominated by a few global established players such as

  • Natus Medical, Inc. (US)

  • Nihon Towards Corporation (Japan)

  • Philips Healthcare (Netherlands)

  • GE Healthcare (USA)

  • Siemens Healthineers (Germany)

  • Compumedics, Ltd. (Australia)

  • Medtronic (Ireland)

  • Edwards Life Sciences Corporation (US)

  • Drägerwerk AG & Co. KGaA (Germany)

  • Advanced Brain Monitoring (USA)

  • Masimo Corporation (USA)

  • Spiegelberg GmbH & Co. KG (Germany)

  • Cadwell Industries (US)

Premium Insights

  • Increasing incidence and prevalence of neurological disorders – a key factor driving market growth

  • The device segment will dominate the market during the forecast period (2021-2026).

  • Hospitals held the largest share of the end-user market in 2020

  • The APAC and Row markets will witness high growth rates during the forecast period

market dynamics

driver

  • Increasing incidence and prevalence of neurological disorders

  • Increasing awareness of neurodegenerative diseases

  • Increasing incidence of traumatic brain injury

  • Increasing applications in clinical trials

limitations

  • High cost of complex brain monitoring procedures and equipment

  • Unfavorable refund policy

opportunities

  • Increasing demand for non-invasive and minimally invasive devices

  • Expanding the therapeutic applications of brain monitoring devices

  • Growing healthcare market in emerging markets

challenges

  • Lack of trained professionals

  • Issues related to product approval and commercialization

  • Impact of COVID-19 on the Brain Monitoring Market

Price analysis

  • Analysis of the value chain

  • Research & Development

  • Manufacturing & assembly

  • Distribution, Marketing and 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 MRI Device Patent Holders (January 2011–May 2021)

  • Major patent holders for CT scanners (January 2011 to May 2021)

  • Major Pet Scanner Patent Holders (January 2011 to May 2021)

For more information about this report, visit https://www.researchandmarkets.com/r/viy53f

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