Emergen Research's Global Brain Monitoring Market Research Report was created through an analysis of key business details and an extensive geographical spread of the Brain Monitoring industry. The study provides comprehensive coverage of the Brain Monitoring Market's qualitative and quantitative analysis, as well as critical statistical data about the Brain Monitoring Market. The research study offers historical data from 2018 to 2019 as well as accurate forecasting until 2022. The report also profiles established and emerging market players, providing an overview of the company, product portfolio, strategic alliances, and business expansion strategies.
The global brain monitoring market size is expected to reach USD 10.30 Billion at a steady revenue CAGR of 6.5% in 2030, according to latest analysis by Emergen Research. Rising prevalence of TBI is a major factor driving market revenue growth. Brain monitoring devices are used to monitor and diagnose neurological conditions by exploring structure and function of brain. This method includes use of various brain imaging instruments to monitor brain processes such as electroencephalography devices, intracranial pressure sensors, and magnetoencephalography. For instance, TBI is responsible for around 52,000 fatalities in the U.S. each year. Mortality rate for fatalities outside of the hospital is roughly 17 per 100,000 individuals, while rate for hospitalized patients is approximately 6 per 100,000 individuals. Each year, an estimated 475,000 TBIs occur among children aged 0-14 years. According to National Institutes of Health Consensus Development Panel on Rehabilitation of Persons with TBI, 2.5-6.5 million Americans have TBI-related disability. In addition, increased prevalence of traumatic brain injury leads to increased necessity for brain monitoring, thus driving market revenue growth.
High cost of brain monitoring equipment is a major restraining market revenue growth. For example, brain diagnostic testing has proved both expensive and time-consuming. An fMRI machine used in neuroscience research can cost between USD 500,000 and USD 3 million. A hospital-grade fNIRS system can cost anywhere between USD 100,000 and USD 400,000, whereas an EEG unit can cost up to USD 100,000.
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Global Brain Monitoring Market Highlights:
Regional demand estimation and forecast
Product Mix Matrix
R&D Analysis
Cost-Benefit Analysis
Pre-commodity pricing volatility
Supply chain optimization analysis
Technological updates analysis
Raw Material Sourcing Strategy
Competitive Analysis
Mergers & Acquisitions
Location Quotients Analysis
Carbon Footprint Analysis
Patent Analysis
Vendor Management
Competitive Landscape:
The latest study provides an insightful analysis of the broad competitive landscape of the global Brain Monitoring market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers & acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years. Our team of experts has leveraged several powerful analytical tools, such as Porter’s Five Forces analysis and SWOT analysis, to deliver a comprehensive overview of the global Brain Monitoring market and pinpoint the fundamental growth trends.
Key Companies Profiled in the Report are:
Natus Medical Incorporated, NIHON KOHDEN CORPORATION, Koninklijke Philips N.V., General Electric, Siemens Healthcare GmbH, Compumedics Limited, Medtronic, Edwards Lifesciences Corporation, Advanced Brain Monitoring, Inc., Drägerwerk AG & Co. KGaA
Key Parameters Analyzed in This Section:
Company Profiles
Gross Revenue
Profit margins
Product sales trends
Product pricing
Industry Analysis
Sales & distribution channels
Regional Segmentation:
North America
Latin America
Europe
Middle East & Africa
Asia Pacific
Key Points Covered in This Section:
Regional contribution
Estimated revenue generation
Vital data and information about the consumption rate in all the leading regional segments
An expected rise in market share
Forecast growth in the overall consumption rate
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Some Key Highlights From the Report
On 16 March 2022, Braintale, a French medtech that specializes in cerebral white matter, launched brainTale-care platform, which contains modules brainQuant, measuring white matter and brainScore-coma and predicting coma recovery. In Europe, the firm is taking an essential step ahead in its development by providing an innovative decision support digital medical device to physicians and healthcare professionals.
The invasive segment is expected to account for a large revenue share during the forecast period attributed to increased precision of equipment used in invasive operations. For example, invasive EEG monitoring is used as a part of evaluation process for epilepsy surgery. It helps doctors understand diagnoses by measuring electrical activity in the brain. Invasive EEG monitoring is frequently reserved for epileptic patients who have not responded to medication or therapy and whose initial examination does not present a clear enough image to justify surgical intervention. In addition, when defining brain function surrounding epilepsy surgery locations, invasive monitoring is also essential, which is driving market revenue growth.
The traumatic brain injury segment is expected to account for largest revenue share during the forecast period attributed to its increased prevalence. TBI is the leading cause of death and disability among children and young adults in the U.S. Every year, an estimated 1.5 million Americans experience TBI. In addition, individuals of all ages are at risk of TBI, adolescents, while young adults, and those over the age of 75 are the most vulnerable. TBI is twice as prevalent in men as in women. As a result of rising occurrence of traumatic brain injury, there is a greater need for brain monitoring, which drives market revenue growth.
The Europe market is expected to register a steady revenue growth rate over the forecast period. This is attributed to growing government initiatives to raise awareness and tackle neurodegenerative diseases in this region by providing better treatment options. For example, on 14 November 2021, the UK government announced a USD 460.8 million funding to better investigate and treat a range of neurodegenerative disorders. The entire investment will be directed toward projects that will improve understanding of diseases such as Pick's disease, Wernicke-Korsakoff syndrome, frontotemporal dementia, Parkinson's disease dementia, lewy body dementia, Alzheimer’s disease, and mild cognitive impairment, as well as research into new treatments. As a result of such increased activities from government agencies, awareness regarding neurodegenerative illnesses is developing, which is driving market revenue growth.
Market Overview:
The report bifurcates the Brain Monitoring market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
Product Outlook (Revenue, USD Billion; 2019–2030)
Magnetic Resonance Imaging (MRI) Scanners
Computed Tomography (CT) Scanners
Electroencephalogram (EEG) Devices
Positron Emission Tomography (PET) Scanners
Sleep Monitoring Devices
Cerebral Oximeters
Electromyography (EMG) Devices
Intracranial Pressure Monitoring (ICP) Monitors
Magnetoencephalography (MEG) Devices
Transcranial Doppler (TCD) Devices
Accessories
Electrodes
Wet Electrodes
Dry Electrodes
Needle Electrodes
Sensors
Pastes & Gels
Caps
Batteries
Cables
Others
Others
Procedure Outlook (Revenue, USD Billion; 2019–2030)
Invasive
Non-Invasive
Medical Condition Outlook (Revenue, USD Billion; 2019–2030)
Traumatic Brain Injury
Stroke
Dementia
Headache Disorders
Sleep Disorders
Parkinson’s Disease
Epilepsy
Huntington Disease
Others
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Additional information offered by the report:
Along with a complete overview of the global Cobots market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
The report elaborates on the global Cobots market size and share governed by the major geographies.
It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
It further presents a detailed description of the company profiles of the key market contenders.
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