Brain Monitoring Market Size, Growth, Trends, Share and Analysis

Brain Monitoring Market

Brain Monitoring Market Overview:

The global brain monitoring market was valued at USD 1,514.52 million in 2018 and is estimated at USD 2,430.18 million in 2024. Key factors driving this markets development are ageing demographics, increasing incidence of brain disorders, and device usability and portability. The initial EEG monitor were packed with cables and electrodes, and even in present practice, a large majority of systems are based on this standard architecture. But the emergence of wireless technology drastically decreased the size and clumsiness of EEG monitors and other associated devices. Wireless monitors are devices without diagnostic wired links or cables. Nowadays, wireless headsets enable readings to be performed in a non-invasive manner, and in some instances evaluate patients from their home convenience. Wireless technology primarily enables the recording unit to be separated from the computer and to connect up to 10 or 20 meters away to the computer via wireless signals. These phones are easy, inexpensive and wearable, powered by a single AAA battery. Lightweight, simple to perform, portable brain monitoring devices can be kept in the hand. Thus, such devices portability propels market growth as individuals move to more handy and easy-to-access device kinds.

Global Brain Monitoring Market Scope of the Report:

In relation to future development and national markets, the global brain monitoring market report analyzes market trends of multiple brain monitoring devices. As per the reports scope, the market was segmented by product, modality, end-user, and geography.

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Global Brain Monitoring Market Key trends: –

Electroencephalograph should hold its highest market share in the Product Type Segment:

Under market segmentation of product type, electroencephalograph is thought to have the biggest market size and is anticipated to see an 8.25% CAGR during the forecast period. Electroencephalography EEG is the recording of electrical activity along the scalp generated by brain neuron firing. In clinical contexts, EEG refers to recording the spontaneous electrical activity of the brain over a short time, usually 20–40 minutes, as recorded from multiple electrodes placed on the scalp. In neurology, EEGs primary diagnostic application is epilepsy, as epileptic activity can generate clear anomalies in a normal EEG research. A secondary clinical use of EEG is coma diagnosis, encephalopathy, and brain death. Masimo recently received FDA clearance for next-generation SedLine brain function monitoring. SedLine enables clinicians track brain anesthesia, with the bilateral purchase and processing of four electroencephalogram EEG leads. Increasing brain disorders and increasing technological advances drive the EEG industry, and are anticipated to improve in the coming years.

North America Dominates the Market and Expected to do the Same during the Forecast Period:

Currently, North America dominates the brain monitoring market and is anticipated to remain its stronghold for several years. America maintains the biggest share of the global brain monitoring market. According to the U.S. National Institute of Mental Health NIMH, one in four American adults is projected to suffer from a diagnosable mental disorder in any given year, and nearly 6 percent suffer from severe disabilities. The same source also indicated that the U.S. total expense of severe mental illness exceeds USD 317 billion per year. Factors such as favourable reimbursement policies, growing technological advances including portable EEG machine development, real-time tracking, and alerts have fueled US market growth.

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Global Brain Monitoring Market Competitive Landscape:

The market for brain monitoring is moderately competitive, with several significant and small industry players. Regarding market share, few significant players presently dominate the market in particular sections. With technological advances and product innovations, mid-size to smaller firms increase their market presence by introducing fresh technologies with better usability. Companies like Medtronic PLC, Integra LifeSciences Corporation, Nihon Kohden Corporation, Masimo Corporation, and Natus Medical Incorporated have significant market share in brain monitoring.

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