Brain Monitoring Market Forecasts to 2030 – Global Analysis By Device (Type, Procedure and Other Devices), Accessories, Usability, Medical Condition, End User and By Geography

Brain Monitoring Market Forecasts to 2030 – Global Analysis By Device (Type, Procedure and Other Devices), Accessories, Usability, Medical Condition, End User and By Geography


According to Stratistics MRC, the Global Brain Monitoring Market is accounted for $6.8 billion in 2023 and is expected to reach $12.0 billion by 2030 growing at a CAGR of 8.5% during the forecast period. Brain monitoring methods attempt to obtain data on the electrical, hemodynamic, metabolic, or anatomical features of the brain to help with the diagnosis, treatment, study, and comprehension of many neurological illnesses and disorders. Electroencephalography (EEG), magnetoencephalography (MEG), functional magnetic resonance imaging (fMRI), near-infrared spectroscopy (NIRS), positron emission tomography (PET), and other non-invasive or minimally invasive techniques are only a few examples of the numerous non-invasive or minimally invasive techniques used in brain monitoring technology.

According to WHO data, as of September 2019, around 50 million people are affected by dementia globally, with nearly 10 million new cases registered each year. It is one of the major causes of disability and dependency among older people worldwide.

Market Dynamics

Driver

Advancements in technologies

The fast developments in brain monitoring technology have all enhanced the gadgets' accuracy, clarity, and usefulness. Improvements in EEG, MEG, fMRI, NIRS, and other techniques have led to the development of more sophisticated and reliable monitoring systems. Additionally, since increased intracranial pressure is a significant contributor to future brain damage, ICP measurement has become a crucial component of head imaging in the aftermath of brain trauma. These developments attract academics and healthcare specialists, promoting business growth.

Restraint

Lack of skilled personnel

Another challenge impeding the growth of the global market for brain monitoring is a paucity of personnel with the requisite expertise to operate brain monitoring equipment. One of the main problems the global brain monitoring market has is a dearth of highly skilled or educated workers, which limits the industry's growth in developing and growing nations. As a result, there is an increase in demand for highly skilled or trained workers on a worldwide level.

Opportunity

Growing geriatric population

Due to the continent's huge geriatric population, age-related neurological illnesses are more prevalent. Brain monitoring technology can support medical professionals in creating individualized treatment plans and speedy therapies by helping in the early detection and monitoring of cognitive loss. Progressive neurological diseases and illnesses are more common as people age. Additionally, the frequency of additional ailments is rising, such as sickle-cell anemia and heart abnormalities, which fuels market expansion.

Threat

High cost of brain monitoring surgeries

The lack of essential healthcare infrastructure, high medical costs, and safety concerns with implant applications might all act as inhibitors to the expansion of the market for brain monitoring devices. The equipment is fairly challenging to use, and these devices may be pricey to utilize. Adoption of a product might be hampered by poor reimbursement procedures and onerous governmental rules.

Covid-19 Impact

The COVID-19 pandemic had a large effect on the healthcare system, as well as the market for brain monitoring equipment. Due to the worldwide lockdown, neurological examinations were postponed or cancelled, which had an adverse effect on Parkinson's patients as well as those with epilepsy and their access to care. The market is anticipated to rebound from the pandemic's fall, though, when brain monitoring services restarted and cases declined.

The traumatic brain injury (TBI) segment is expected to be the largest during the forecast period

The traumatic brain injury (TBI) segment is expected to be the largest during the forecast period. The increasing prevalence of TBIs worldwide, which has resulted in a high demand for the care of these cases and necessitated the extensive use of brain monitoring equipment, is a significant cause behind the substantial share of this market sector. Additionally, it is anticipated that a combination of rising clinical studies for implementing new procedures and rising approvals of the newest gadgets in developed nations would fuel the segment's expansion.

The hospitals segment is expected to have the highest CAGR during the forecast period

The hospitals segment is expected to have the highest CAGR during the forecast period. The intricate process of brain monitoring necessitates the use of high-tech, pricey equipment that is often found in hospitals. Hospitals are more equipped to tolerate these expenditures than other end-users, but brain monitoring technologies still place a significant financial strain on healthcare institutions. Therefore, hospitals account for the greatest proportion of this market category and are the primary users of brain monitoring equipment.

Region with largest share

North America is projected to hold the largest market share during the forecast period. This is explained by the rise in neurological disorders, the expansion of brain monitoring device clinical trials, and the accessibility of medical insurance in the US. A strong healthcare infrastructure, increased healthcare spending, and an aging population are all advantages for the area and major market development drivers. A high frequency of brain diseases in the area and ongoing product releases by key companies are also anticipated to positively affect market growth.

Region with highest CAGR

Asia Pacific is projected to hold the highest CAGR over the forecast period. Especially in certain other locations, the availability of advantageous reimbursement policies would cause the market to see considerable expansion throughout the projection period. Because of this area's strong healthcare infrastructure, technological advancements are conceivable. The market will soon be able to purchase gadgets with cutting-edge features thanks to significant research in the field of monitoring devices.

Key players in the market

Some of the key players in Brain Monitoring Market include Masimo Corporation, Natus Medical Incorporated, Advanced Brain Monitoring Inc., Nihon Kohden Corporation, Compumedics, Integra Lifesciences Corporation, Medtronic PLC, Koninklijke Philips NV, Nonin Medical Inc., Cadwell Industries Inc., Cerenion Oy, General Electric Company, Siemens Healthcare Private Limited, Yokogawa Electric Corporation, Electrical Geodesics, Koninklijke Philips N. And Advanced Brain Monitoring Inc.

Key Developments

In November 2022, Neurosteer Inc. received FDA clearance for its Neurosteer single-channel EEG brain monitoring platform. This clearance enables the use of Neurosteer's unobtrusive multi-purpose system in a broad range of clinical settings.

In February 2022, Masimo received FDA clearance for its SedLine brain function monitoring for pediatric patients (1-17 years of age) and the SedLine Pediatric EEG Sensor. This clearance expands the potential benefits of SedLine to all patients, one-year-old and above, in the United States.

Devices Covered
• Type
• Procedure
• Other Devices

Accessories Covered
• Pastes & Gels
• Caps
• Cables
• Batteries
• Sensors
• Electrodes
• Other Accessories

Usability Covered
• Reusable
• Disposable

Medical Conditions Covered
• Sleep Disorders
• Parkinson’s Disease
• Dementia
• Headache Disorders
• Traumatic Brain Injury (TBI)
• Stroke
• Epilepsy
• Huntington's Disease
• Other Medical Conditions

End Users Covered
• Hospitals
• Neurology Centers
• Ambulatory Surgery Centers (ASCs) & Clinics
• Diagnostic Centers
• Other End Users

Regions Covered
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Brain Monitoring Market, By Device
5.1 Introduction
5.2 Type
5.2.1 Sleep Monitoring Devices
5.2.2 Electromyography (EMG) Devices
5.2.3 Electroencephalography (EEG) Devices
5.2.4 Magnetoencephalography (MEG) Devices
5.2.5 Cerebral Oximeters
5.2.6 Magnetic Resonance Imaging (MRI) Devices
5.2.7 Computerized Tomography (CT) Devices
5.2.8 Positron Emission Tomography (PET) Devices
5.2.9 Transcranial Doppler (TCD) Devices
5.2.10 Intracranial Pressure (ICP) Monitors
5.3 Procedure
5.3.1 Invasive Procedures
5.3.2 Non-invasive Procedures
5.4 Other Devices
6 Global Brain Monitoring Market, By Accessories
6.1 Introduction
6.2 Pastes & Gels
6.3 Caps
6.4 Cables
6.5 Batteries
6.6 Sensors
6.7 Electrodes
6.7.1 Dry Electrodes
6.7.2 Needle Electrodes
6.7.3 Wet Electrodes
6.8 Other Accessories
7 Global Brain Monitoring Market, By Usability
7.1 Introduction
7.2 Reusable
7.3 Disposable
8 Global Brain Monitoring Market, By Medical Condition
8.1 Introduction
8.2 Sleep Disorders
8.3 Parkinson’s Disease
8.4 Dementia
8.5 Headache Disorders
8.6 Traumatic Brain Injury (TBI)
8.7 Stroke
8.8 Epilepsy
8.9 Huntington's Disease
8.10 Other Medical Conditions
9 Global Brain Monitoring Market, By End User
9.1 Introduction
9.2 Hospitals
9.3 Neurology Centers
9.4 Ambulatory Surgery Centers (ASCs) & Clinics
9.5 Diagnostic Centers
9.6 Other End Users
10 Global Brain Monitoring Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Masimo Corporation
12.2 Natus Medical Incorporated
12.3 Advanced Brain Monitoring Inc.
12.4 Nihon Kohden Corporation
12.5 Compumedics
12.6 Integra Lifesciences Corporation
12.7 Medtronic PLC
12.8 Koninklijke Philips NV
12.9 Nonin Medical Inc.
12.10 Cadwell Industries Inc.
12.11 Cerenion Oy
12.12 General Electric Company
12.13 Siemens Healthcare Private Limited
12.14 Yokogawa Electric Corporation
12.15 Electrical Geodesics
12.16 Koninklijke Philips N.
12.17 Advanced Brain Monitoring Inc.
List of Tables
Table 1 Global Brain Monitoring Market Outlook, By Region (2021-2030) ($MN)
Table 2 Global Brain Monitoring Market Outlook, By Device (2021-2030) ($MN)
Table 3 Global Brain Monitoring Market Outlook, By Type (2021-2030) ($MN)
Table 4 Global Brain Monitoring Market Outlook, By Sleep Monitoring Devices (2021-2030) ($MN)
Table 5 Global Brain Monitoring Market Outlook, By Electromyography (EMG) Devices (2021-2030) ($MN)
Table 6 Global Brain Monitoring Market Outlook, By Electroencephalography (EEG) Devices (2021-2030) ($MN)
Table 7 Global Brain Monitoring Market Outlook, By Magnetoencephalography (MEG) Devices (2021-2030) ($MN)
Table 8 Global Brain Monitoring Market Outlook, By Cerebral Oximeters (2021-2030) ($MN)
Table 9 Global Brain Monitoring Market Outlook, By Magnetic Resonance Imaging (MRI) Devices (2021-2030) ($MN)
Table 10 Global Brain Monitoring Market Outlook, By Computerized Tomography (CT) Devices (2021-2030) ($MN)
Table 11 Global Brain Monitoring Market Outlook, By Positron Emission Tomography (PET) Devices (2021-2030) ($MN)
Table 12 Global Brain Monitoring Market Outlook, By Transcranial Doppler (TCD) Devices (2021-2030) ($MN)
Table 13 Global Brain Monitoring Market Outlook, By Intracranial Pressure (ICP) Monitors (2021-2030) ($MN)
Table 14 Global Brain Monitoring Market Outlook, By Procedure (2021-2030) ($MN)
Table 15 Global Brain Monitoring Market Outlook, By Invasive Procedures (2021-2030) ($MN)
Table 16 Global Brain Monitoring Market Outlook, By Non-invasive Procedures (2021-2030) ($MN)
Table 17 Global Brain Monitoring Market Outlook, By Other Devices (2021-2030) ($MN)
Table 18 Global Brain Monitoring Market Outlook, By Accessories (2021-2030) ($MN)
Table 19 Global Brain Monitoring Market Outlook, By Pastes & Gels (2021-2030) ($MN)
Table 20 Global Brain Monitoring Market Outlook, By Caps (2021-2030) ($MN)
Table 21 Global Brain Monitoring Market Outlook, By Cables (2021-2030) ($MN)
Table 22 Global Brain Monitoring Market Outlook, By Batteries (2021-2030) ($MN)
Table 23 Global Brain Monitoring Market Outlook, By Sensors (2021-2030) ($MN)
Table 24 Global Brain Monitoring Market Outlook, By Electrodes (2021-2030) ($MN)
Table 25 Global Brain Monitoring Market Outlook, By Dry Electrodes (2021-2030) ($MN)
Table 26 Global Brain Monitoring Market Outlook, By Needle Electrodes (2021-2030) ($MN)
Table 27 Global Brain Monitoring Market Outlook, By Wet Electrodes (2021-2030) ($MN)
Table 28 Global Brain Monitoring Market Outlook, By Other Accessories (2021-2030) ($MN)
Table 29 Global Brain Monitoring Market Outlook, By Usability (2021-2030) ($MN)
Table 30 Global Brain Monitoring Market Outlook, By Reusable (2021-2030) ($MN)
Table 31 Global Brain Monitoring Market Outlook, By Disposable (2021-2030) ($MN)
Table 32 Global Brain Monitoring Market Outlook, By Medical Condition (2021-2030) ($MN)
Table 33 Global Brain Monitoring Market Outlook, By Sleep Disorders (2021-2030) ($MN)
Table 34 Global Brain Monitoring Market Outlook, By Parkinson’s Disease (2021-2030) ($MN)
Table 35 Global Brain Monitoring Market Outlook, By Dementia (2021-2030) ($MN)
Table 36 Global Brain Monitoring Market Outlook, By Headache Disorders (2021-2030) ($MN)
Table 37 Global Brain Monitoring Market Outlook, By Traumatic Brain Injury (TBI) (2021-2030) ($MN)
Table 38 Global Brain Monitoring Market Outlook, By Stroke (2021-2030) ($MN)
Table 39 Global Brain Monitoring Market Outlook, By Epilepsy (2021-2030) ($MN)
Table 40 Global Brain Monitoring Market Outlook, By Huntington's Disease (2021-2030) ($MN)
Table 41 Global Brain Monitoring Market Outlook, By Other Medical Conditions (2021-2030) ($MN)
Table 42 Global Brain Monitoring Market Outlook, By End User (2021-2030) ($MN)
Table 43 Global Brain Monitoring Market Outlook, By Hospitals (2021-2030) ($MN)
Table 44 Global Brain Monitoring Market Outlook, By Neurology Centers (2021-2030) ($MN)
Table 45 Global Brain Monitoring Market Outlook, By Ambulatory Surgery Centers (ASCs) & Clinics (2021-2030) ($MN)
Table 46 Global Brain Monitoring Market Outlook, By Diagnostic Centers (2021-2030) ($MN)
Table 47 Global Brain Monitoring Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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