Wireless brain sensors Market By Product Type (Electroencephalography (EEG) devices, Sleep Monitoring Devices, Magnetoencephalography (MEG) Devices, Others), By Application (Alzheimer's Disease, Traumatic Brain Injury, Epilepsy, Sleep Disorders, Others), By End User (Hospitals, Research and Academic Institute/Laboratories, Homecare Settings, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global wireless brain sensors market is envisioned to garner $1,566.7 million by 2031, growing from $677.8 million in 2021 at a CAGR of 9.0% from 2022 to 2031.
The market for wireless brain sensors is being driven primarily by factors, such as rising levels of stress, high prevalence of neurological illnesses as a result of lifestyle changes, and drastic changes in social contexts. In addition, the wireless brain sensors market is expanding due to rise in individuals experiencing brain-related disorders. Nevertheless, there are several factors impeding the growth of the wireless brain sensors market, including compatibility challenges, strict safety and validation rules, and difficulty comprehending the operation of the device.
Stringent regulations governing sensors use are projected to be the principal market restraint. When these sensors are implanted in the body, they frequently cause an immunological reaction, which can be troublesome for patients. As a result, the usage of such devices has been regulated or prohibited in a variety of applications, limiting the market revenue growth.
The demand for wireless brain sensors is expected to rise over the next few years due to a number of other factors, including changing social environment, rising research expenditures, technological advancements, rising awareness of neurological disorders, and increase in the prevalence of dementia. Brain sensors are always getting better owing to significant new advancements in brain-computer interfaces. The wireless brain sensors market may have a lot of opportunities in the next years due to untapped markets and technological improvement.
The World Health Organization (WHO) declared the COVID-19 virus a public health emergency as a result of its global spread since its discovery in December 2019. Globally, COVID-19 is having a negative impact, and the market for wireless brain sensor is particularly affected due to decline in healthcare sector. COVID-19 had an influence on significant supply chain snags, stock market volatility, declining company confidence, and escalating panic.
The key players profiled in this report include, NeuroSky, EMOTIV, Advanced Brain Monitoring, Inc., Koninklijke Philips N.V., Medtronic, Muse, Natus Medical Incorporated, Cadwell Industries, Inc., NeuroWave Systems Inc., and BrainScope.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the wireless brain sensors market analysis from 2021 to 2031 to identify the prevailing wireless brain sensors market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the wireless brain sensors market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global wireless brain sensors market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Type
Electroencephalography (EEG) devices
Sleep Monitoring Devices
Magnetoencephalography (MEG) Devices
Others
By Application
Alzheimer's Disease
Traumatic Brain Injury
Epilepsy
Sleep Disorders
Others
By End User
Hospitals
Research and Academic Institute/Laboratories
Homecare Settings
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Rest Of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest Of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
United Arab Emirates
South Africa
Rest Of LAMEA
Key Market Players
Masimo Corporation
Emotiv, Inc.
Brain Scientific
Advanced Brain Monitoring
Quantum Sensors
the brain resource company
Neurosky, Inc.
Neuronetrix Solutions, LLC
neuroelectrics
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