Brain Monitoring Market Trends, Revenue, Key Players, Growth, Share and Forecast Till 2028

Growing demand for brain monitoring devices for monitoring and analyzing functions of brain, and increasing number of people suffering from neurological disorders are key factors driving market revenue growth

The global brain monitoring market size is expected to reach USD 9,942.6 Million in 2028 and register a revenue CAGR of 5.9% over the forecast period, according to the latest report by Reports and Data. Amalgamation of advanced brain monitoring devices has decreased inaccuracies, thereby conspicuously helping in analyzing and decision making for proper treatment of disorder and thus improving efficiency in taking care of patients and in turn driving market revenue growth. The diagnosis process of brain requires various monitoring devices for providing images and real-time data of brain functioning.

Furthermore, there is a rise in demand for brain monitoring devices by hospitals and neurological centers due to increasing number of patients suffering from brain disorders. Inclination of an increasing number of people toward minimal invasive procedures has minimized the risk of mortality. Growing number of traumatic brain injury cases has increased the demand for Brain Monitoring devices which helps to boost market growth.

Improvement in the effectiveness of modern brain monitoring devices, technological advancements, and rising demand for brain monitoring devices in pre-surgical and post-surgical phases have a positive impact on brain monitoring market growth during the forecast period.

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Strict rules and regulations made by government for adoption of brain monitoring devices and poor healthcare sector in underdeveloped countries restricts market growth. However, complexity and high cost of monitoring procedure has reduced the use of brain monitoring devices, which may hamper market growth over the forecast period.

Some Key Highlights from the Report:

• By application, traumatic brain injury segment accounted for largest revenue share in 2020. Traumatic brain injury is when a sudden trauma damages the brain. It can occur when head unexpectedly and viscously hits any object, or when an object penetrates a skull and damages brain tissues. Cases of traumatic brain injury have increased because of the rise in number of road accidents and sportsrelated injuries. This requires immediate analysis and diagnosis which increases demand of brain monitoring devices which further drives the market growth.
• By end use, hospital segment contributed to largest revenue share in 2020 due to increasing number of hospitals with advanced technologies and inclination of patients toward sophisticated environment. Presence of advanced brain monitoring devices and equipment and healthcare professionals in hospital drives brain monitoring market growth.
• The demand for advanced brain monitoring is increasing because it uses wireless technology to analyze and monitor patients suffering from brain disorders. Use of monitoring devices that are affordable, portable, and easy to handle escalate market growth.
• Brain monitoring market in Asia Pacific is expected to register fastest revenue CAGR over the forecast period, attributed to key drivers, such as increase in number of hospitals and favorable reimbursement policies. Increase in number of patients suffering from sleep disorders, epilepsy, and rising geriatric population are also responsible for regional growth.
• Major players in market include Advanced Brain Monitoring Inc., CAS Medical Systems Inc., Compumedics Ltd., Electrical Geodesics Inc., General Electric Company (GE Healthcare), Koninklijke Philips N.V. (Philips Healthcare), Medtronic PLC., Natus Medical Incorporated, Neural Analytics Inc, Nihon Kohden Corporation, and Siemens Healthineers AG.

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For the purpose of this report, Reports and Data has segmented brain monitoring market based on product type, end use, application, and region:  

Product Type Outlook (Revenue, USD Million; 2018-2028)

• Electroencephalography (EEG) Devices
• Magnetoencephalography (MEG) Devices
• Transcranial Doppler (TCD) Devices
• Intracranial Pressure (ICP) Monitors
• Cerebral Oximeters
• Magnetic Resonance Imaging (MRI) Devices
• Computerized Tomography (CT) Devices
• Positron Emission Tomography (PET) Devices
• Electromyography Devices
• Sleep Monitoring Devices

End Use Outlook (Revenue, USD Million; 2018-2028)

• Hospitals
• Neurology Centers
• Ambulatory Surgical Centers
• Diagnostic Centers
• Others

Application Outlook (Revenue, USD Million; 2018-2028)

• Parkinson’s Disease
• Traumatic Brain Injury
• Epilepsy
• Dementia
• Huntington’s Disease
• Sleep Disorders
• Stroke
• Headache Disorders

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Regional Outlook (Revenue, USD Million; 2018-2028)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Sweden
  • BENELUX
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Rest of LATAM
• Middle East & Africa
  • Saudi Arabia
  • A.E.
  • South Africa
  • Israel
  • Rest of MEA

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Some points on how the report benefits stakeholders:

• The reports include historical (2018–2020) and forecast (2021–2028) data points, revenues, and CAGR in table, figure, and chart formats, with detailed and qualitative, supporting written information for each.
• Revenue break-up is provided for each segment in these formats for global, regional, and for each country in the respective region for each year between 2018 and 2028.
• The report contains insights regarding growth drivers, restraints, opportunities, trends, company profiles, strategic developments, expansion details, product launches, and various other aspects related to the market.
• The report contains data and information on customers, competitors, vendors/distributors, and other players and in the global marketplace.
• Market research analysis is vital for all crucial business strategies and can aid in numerous ways and to provide a clearer understanding about strategies being deployed by competitors, product launches, competitive analysis, technological advancements and various other factors that enhance sales of a firm or perhaps provide insights to focus on merger and acquisition as a strategy or enter into strategic agreements or joint ventures etc.
• The report contains company profiles of the top companies operating in the market along with their respective revenue and operating segments, geographical reach, market footprint, headquarters, growth rates, recent developments, product /services, expansion strategies, investments in expansion, and more.

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