A recent report published by Infinium Global Research on 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 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 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, magnetoencephalograph, 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.
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