Brain Monitoring Market: Global Size, Share, Trends, Growth and Forecast, 2022-2032
The brain monitoring market is anticipated to flourish at a CAGR of 6.7% over the forecast period i.e. 2020-2025. Further, the market for brain monitoring was valued at USD XXX.X Million in 2019.
Growth Drivers – Brain Monitoring Market
Rising Prevalence of Neurological Disorders
Increasing diagnosis rate of neuro and brain related diseases across the globe is anticipated to aid to the growth of global brain monitoring market. Furthermore, growing geriatric population are expected to boost the growth of market during the forecast period. Moreover, government of various nations are spending significant amount of money on modernizing and improving the quality of hospitals. This factor is believed to drive the growth of global brain monitoring market.
Technological Advancements in Brain Monitoring Devices
Owing to increasing prevalence and diagnosis rate of brain related diseases, the demand for brain monitoring devices is likely to increase in the years ahead. To capitalize on upcoming opportunities, major brain monitoring device manufacturer are focusing on improving their existing equipment and development of advanced systems such as Functional Near-Infrared Spectroscopy (fNIRS) with advanced facilities. Further, with anticipated launch of novel brain monitoring devices, global brain monitoring device is set to witness growth in the upcoming years.
Barriers – Brain Monitoring Market
High Cost of Complex Brain Monitoring Devices
High cost of advanced and complex brain monitoring devices is one of the major factors which is hampering the growth of global brain monitoring market. Apart from this, unfavorable reimbursement policies are also negatively impacting the growth of global brain monitoring market.
The brain monitoring market by product is segmented into devices and accessories. The market for devices captured highest percentage in 2019. Devices segment is further analyzed into MRI scanners, CT scanners, PET scanners, intracranial pressure monitors, electroencephalography devices, cerebral oximeters, sleep monitoring devices, TCD devices, MEG devices, and electromyography devices.
Further, global brain monitoring market is also segmented by end users into hospitals, neurology centers, clinics & ambulatory surgical centers, diagnostic centers, ambulances and other. Hospital segment captured highest percentage of market share in 2019 and is expected to continue its dominance during the forecast period. Furthermore, adoption of high-quality brain monitoring devices in hospitals is anticipated to intensify the growth of global brain monitoring market during the forecast period.
Geographically, the report offers analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In brain monitoring market, North America accounted for leading market share in global brain monitoring market. Factors such as rising cases of several neurodegenerative disorders and increasing old age population is anticipated to drive the demand for brain monitoring devices in North America region. Moreover, Asia Pacific brain monitoring market is set to showcase significant growth during the forecast period. Increasing investment by government and various healthcare organizations for the development of advanced healthcare facilities is expected to intensify the demand for growth of brain monitoring devices and accessories in Asia Pacific.
The report profiles various major market players such as;
- Natus Medical Inc.
- Nihon Kohden Corporation
- Philips Healthcare
- GE Healthcare
- Siemens Healthineers
- Compumedics Limited
- Electrical Geodesics, Inc.
- Medtronic PLC
- Cas Medical Systems, Inc.
- Advanced Brain Monitoring, Inc.
- Other Key & Niche Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities).
The study also provides company’s positioning and market share in brain monitoring market.
Timeline Considered for Analysis:
- 2019: Base Year
- 2020: Estimated Year
- 2020 to 2025: Forecasted Year
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global brain monitoring market by the following segments:
- End User
Customization: We also offers customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Brain Monitoring Industry Report
- What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2020-2025?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?