A recent
report published by Infinium Global Research on the brain monitoring devices market
provides an in-depth analysis of segments and sub-segments in the global as well
as regional brain monitoring devices market. The study also highlights the
impact of drivers, restraints, and macro indicators on the global and regional brain
monitoring devices market over the short term as well as long term. The report
is a comprehensive presentation of trends, forecast and dollar values of the global
brain monitoring devices market. According to the report, the global brain
monitoring devices market is projected to grow at a healthy CAGR over the
forecast period of 2019-2025.
Brain
monitoring devices market help in monitoring electrical and neural activity in
the brain. These devices are used to display and analyze neurological
conditions by discovering the structure and function of the brain. Furthermore,
brain monitoring is important in serious medical situations where the amount of
growth of neurologic injury is unknown. This technique involves the use of
numerous brain monitoring devices market such as electroencephalography
devices, intracranial pressure monitors, and magnetoencephalography to track
brain functions.
The high
incidence of neurological disorders and growing awareness about
neurodegenerative diseases are major factors driving the demand for brain
monitoring devices market. Furthermore, rising incidence rates of diseases
leading to brain disorders such as epilepsy, brain tumors, Alzheimer’s disease,
and multiple sclerosis is the other factors that drive the market growth.
According to WHO, around 50 million people worldwide are suffering from
epilepsy. Out of which, nearly 80% of people live in low- and middle-income
countries. Therefore, the increasing number of patients suffering from these
conditions will also serve this market as high impact rendering drivers.
However, the high cost of complex devices, shortage of trained professionals,
strict regulations and unfavorable reimbursement policies may hinder the growth
of the global brain monitoring device market. Moreover, the global brain
monitoring market is estimated to register substantial growth in the upcoming
years due to the increase in the geriatric population and the rise in the
occurrence of neurological disorders. Additionally, technological advancements
are projected to boost the market growth during the forecast period.
Based on the
region, the global brain monitoring devices market is segmented into North
America, Asia Pacific, Europe, and Rest of the World. Among all, North America
is leading the global brain monitoring devices market owing to the growing
incidence of various neurodegenerative disorders, availability of insurance for
brain monitoring techniques, and government initiatives to support
technological advancement in the field of neurosciences. The increasing base of
the aged population in the US and high patient awareness levels also drive the
brain monitoring devices market in the North American region. The Asia Pacific
is expected to witness beneficial growth in this market due to the increase in
the number of people suffering from chronic diseases.
The report on
global brain monitoring devices market covers segments such as product type,
modality, and end user. On the basis of product type, the sub-markets include
electroencephalograph, magnetoencephalography, doppler devices, oximeters,
pressure monitors, and other product types. On the basis of modality, the
sub-markets include fixed devices, and portable devices. On the basis of end
user, the sub-markets include hospitals, diagnostic centers, and other end
users.
The report
provides profiles of the companies in the market such as Medtronic plc, Natus
Medical Inc., Advanced Brain Monitoring, CAS Medical Systems, Inc., Electrical
Geodesics Incorporated, Nihon Kohden Corporation, Covidien PLC, Elekta AB,
Cadwell Laboratories Inc, Compumedics Ltd., and Other Companies.
The report
provides deep insights into the demand forecasts, market trends, and micro and
macro indicators. In addition, this report provides insights into the factors
that are driving and restraining the growth in this market. Moreover, The
IGR-Growth Matrix analysis given in the report brings an insight into the
investment areas that existing or new market players can consider. The report
provides insights into the market using analytical tools such as Porter's five
forces analysis and DRO analysis of brain monitoring devices market. Moreover,
the study highlights current market trends and provides forecast from
2019-2025. We also have highlighted future trends in the market that will
affect the demand during the forecast period. Moreover, the competitive
analysis given in each regional market brings an insight into the market share
of the leading players.
Please Choose One of them.