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.
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.
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The report initially offers market introduction, market overview, product scope, market opportunities, growth prospects, risks, limitations, and key drivers. The report also covers a comprehensive analysis of the competitive landscape with extensive profiling of the key competitors. It covers recent technological advancements, product developments, product launches, mergers and acquisitions, collaborations, joint ventures, and partnerships.
Key Companies in the 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
Market segment analysis:
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)
- Neurology Centers
- Ambulatory Surgical Centers
- Diagnostic Centers
Application Outlook (Revenue, USD Million; 2018-2028)
- Parkinson’s Disease
- Traumatic Brain Injury
- Huntington’s Disease
- Sleep Disorders
- Headache Disorders
Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
Regional analysis further covers a country-wise analysis to offer insights into key trends and demands in each major country that might affect the growth of the market in the region.
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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Key Features of the Global Brain Monitoring Market Report:
- Comprehensive analysis of the key players operating in the market along with their SWOT analysis, their business profiles, business overview, market share, global position, and market value
- Identification and analysis of significant trends and factors driving revenue growth of the market
- Analysis of the competitive landscape along with strategic mergers, expansions, agreements, partnerships, joint ventures, acquisitions, and product launches
- Assessment of each market segment along with their growth trends and market revenue contribution
- Study of the key regions to pinpoint growth potential and study opportunities, threats, limitations, and risks
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