The global market size for brain monitoring is predicted to be worth USD 9.18 billion by 2027 from USD 6.48 billion in 2022, growing at a CAGR of 7.22% from 2022 to 2027.
Brain monitoring devices are used to study the structure and function of the brain to monitor and diagnose neurological diseases. Electrical and neural activity in the brain can be monitored with the help of brain monitoring devices. Additionally, they aid in monitoring blood flow in the brain's veins and arteries.
Impact of COVID-19 on the global brain monitoring market:
At the beginning of the pandemic, it is expected to have a negative influence on the global brain monitoring market, owing to hospitals' increased attention on establishing COVID-19-specific ICUs, as well as the temporary stoppage of production and manufacture in major afflicted locations around the world. In addition, the COVID-19 pandemic was linked to several other adverse effects for people with Parkinson's disease, particularly those who live alone, have a low income, or are ethnic minorities. This was exacerbated by increased difficulty obtaining drug treatments, resulting in increased difficulty, inadequate symptom control, and increased disability. The demand for brain monitoring technologies increased significantly during the forecast period because of the COVID-19 outbreak. This is due to an increase in the number of research programs emphasizing the necessity of brain monitoring in treating COVID-19 patients who are severely ill. The increased need for continuous EEG findings in infected patients across various medical settings, primarily in the United States, has also helped boost market share throughout the outbreak.
MARKET DRIVERS:
The global market for brain monitoring is primarily driven by factors such as the rising incidence and prevalence of neurological disorders, increased awareness of neurodegenerative diseases, increased traumatic brain injuries, increasing aging population, and increased use of brain monitoring in clinical trials.
Cardiac procedures can sometimes interfere with the brain's natural function, which is another key factor promoting the demand for brain monitoring equipment. Furthermore, technological advances are expected to enhance the market growth during the forecast period.
The rising healthcare industry in emerging nations, the growing demand for non-invasive and minimally invasive devices, and the burgeoning therapeutic uses of brain monitoring devices are projected to create growth opportunities for market participants. Devices that diagnose without the need for cables or cords are known as wireless monitors. Wireless headphones enable entirely non-invasive readings and, in some situations, assessment of patients from the comfort of their own homes. As a result, the mobility of such devices has been fuelling the market's growth, as people have been gravitating toward more portable and easy-to-access devices. The increased need for brain monitoring devices in the pre-surgery and post-surgery stages and improvements in functionality, user-friendliness, and cost-effectiveness of new brain monitoring devices will fuel the market's future expansion. Installations and demand for brain monitoring devices in critical care settings such as the ICU (intensive care unit) are expected to rise, ensuring the market's steady expansion.
MARKET RESTRAINTS:
The high cost of brain monitoring operations and devices is a key restraint to the growth of the global brain monitoring market, particularly in underdeveloped countries with lax reimbursement rules. However, a scarcity of educated specialists and concerns about product approval and commercialization may hamper the growth of the brain monitoring devices market during the forecast period.
REPORT COVERAGE:
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REPORT METRIC |
DETAILS |
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Market Size Available |
2021 to 2027 |
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Base Year |
2021 |
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Forecast Period |
2022 to 2027 |
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Segments Covered |
By Product, Application, End-User, and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, Asia Pacific, Latin America, Middle East, and Africa |
This research report on the global brain monitoring market has been segmented and sub-segmented based on the product, application, end-user, and region.
Brain Monitoring Market – By Product:
Over the forecast period, the electroencephalograph segment is expected to grow at a healthy rate in the global brain monitoring market. The recording of electrical activity along the scalp caused by the firing of neurons in the brain is known as electroencephalography (EEG). EEG is a term used in clinical settings to describe the recording of the brain's spontaneous electrical activity during a short period, often 20–40 minutes, using many electrodes on the scalp. The most common use of EEG in neurology is to diagnose epilepsy, as epileptic activity can cause obvious abnormalities in a regular EEG study. EEG is also used to diagnose coma, encephalopathy, and brain death as a secondary clinical application.
Brain Monitoring Market – By Application:
Traumatic brain injury (TBI) is the medical condition with the most significant proportion of the brain monitoring market. The growing occurrence of TBIs worldwide, which has resulted in high demand for the care of these cases, necessitating the extensive use of brain monitoring equipment, is a primary factor responsible for the substantial proportion of this market sector.
Brain Monitoring Market – By End-User:
In 2021, the hospital segment held the most significant share of the worldwide brain monitoring market. Brain monitoring is a complicated procedure that necessitates pricey and advanced technologies and equipment typically available in hospitals. Furthermore, brain monitoring devices impose a significant financial burden on healthcare facilities regarding maintenance expenditures; hospitals, more than other end-users, can tolerate such costs. As a result, most brain monitoring devices are utilized in hospitals, which account for the most significant proportion of this market segment.
Brain Monitoring Market – By Region:
Geographically, North America presently dominates the brain monitoring market, likely to do so for a few more years. The United States has the most significant market share for brain monitoring globally. According to the US National Institute of Mental Health (NIMH), one out of every four adults in the United States has a diagnosable mental condition each year. Approximately 6% have a significant disability. The expansion of the market in the United States has been fuelled by factors such as favorable reimbursement policies and rising technology improvements. Its market dominance is attributed to the high prevalence of epilepsy and sleep disorders and the presence of high unmet medical requirements in these segments.
Due to an increase in the number of geriatrics and people suffering from chronic diseases and the rising purchasing power of countries in the area, Asia-Pacific is predicted to develop at the fastest CAGR throughout the study period, providing attractive opportunities for market players.
KEY MARKET PARTICIPANTS:
Natus Medical, Inc., Nihon Kohden Corporation, Philips Healthcare, GE Healthcare, Siemens Healthineers, Compumedics, Ltd., Medtronic, CAS Medical Systems, Inc., Drägerwerk AG & Co. KGaA, Advanced Brain Monitoring, Masimo Corporation, Spiegelberg GmbH & Co. KG., Cadwell Industries and NeuroWave Systems, Inc. are some of the major players in the global brain monitoring market profiled in this report.
RECENT HAPPENINGS IN THIS MARKET:
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Brain monitoring market , By Product
6.1.1 Magnetoencephalograph
6.1.2 Electroencephalograph
6.1.3 Cerebral Oximeters
6.1.4 Functional Magnetic Resonance Imaging (fMRI)
6.1.5 Intracranial Pressure Monitoring Devices
6.1.6 Market Size Estimations & Forecasts (2022 to 2027)
6.1.7 Y-o-Y Growth Rate Analysis
6.1.8 Market Attractiveness Index
6.2 Brain monitoring market , By Application
6.2.1 Parkinson’s Disease
6.2.2 Traumatic Brain Injury
6.2.3 Epilepsy
6.2.4 Dementia
6.2.5 Sleep Disorders
6.2.6 Market Size Estimations & Forecasts (2022 to 2027)
6.2.7 Y-o-Y Growth Rate Analysis
6.2.8 Market Attractiveness Index
6.3 Brain monitoring market , By End-User
6.3.1 Hospitals
6.3.2 Diagnostic Centers
6.3.3 Market Size Estimations & Forecasts (2022 to 2027)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Brain monitoring market , by Region
7.2 North America - Market Analysis (2022 to 2027)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Product
7.2.3 By Application
7.2.4 By End-User
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Product
7.3.3 By Application
7.3.4 By End-User
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Product
7.4.3 By Application
7.4.4 By End-User
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Product
7.5.3 By Application
7.5.4 By End-User
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Product
7.6.3 By Application
7.6.4 By End-User
8. Key Player Analysis
8.1 Natus Medical, Inc.,
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Nihon Kohden Corporation
8.3 Philips Healthcare
8.4 GE Healthcare
8.5 Siemens Healthineers
8.6 Compumedics, Ltd.
8.7 Medtronic
8.8 CAS Medical Systems, Inc.
8.9 Drägerwerk AG & Co. KGaA
8.10 Advanced Brain Monitoring
8.11 Masimo Corporation
8.12 Spiegelberg GmbH & Co. KG
8.13 Cadwell Industries
8.14 NeuroWave Systems, Inc.
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
FAQ's
As per our research report, the global brain monitoring market size is estimated to be worth USD 9.18 billion by 2027.
Yes, in this report, the COVID-19 impact on the global brain monitoring market is included.
Geographically, the North American regional market dominated the brain monitoring market in 2021.
Companies playing a key role in the global brain monitoring market are Natus Medical, Inc., Nihon Kohden Corporation, Philips Healthcare, GE Healthcare, Siemens Healthineers, Compumedics, Ltd., Medtronic, CAS Medical Systems, Inc., Drägerwerk AG & Co. KGaA, Advanced Brain Monitoring, Masimo Corporation, Spiegelberg GmbH & Co. KG., Cadwell Industries and NeuroWave Systems, Inc.
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