Neurofeedback Systems Market: Current Analysis and Forecast (2022-2028)
Neurofeedback systems is a noninvasive procedure that measures a patient’s brainwaves and provides the patient with real-time feedback about how the brain is functioning. It’s a type of biofeedback, which is a mind-body technique that aims to help patients gain voluntary control over certain body functions. The rising incidence of neurological diseases such as ADHD, insomnia, anxiety disorder, and other neurological disorders is increasing the demand for neurofeedback systems, thereby driving the growth of the market. For instance, according to the Centers for Disease Control and Prevention (CDC), in 2020, about 87% of strokes were ischemic strokes in which the flow of the blood toward the brain is blocked and brain cells die in aged people.
The Neurofeedback systems Market is expected to grow at a steady rate of around 7% owing to the increasing incidences of neurogenerative diseases worldwide. According to the World Health Organization (WHO), in 2021, more than 55 million people were living with dementia worldwide, and there are nearly 10 million new cases every year. Major companies in the market focus on research and development of neurofeedback therapies and devices. For instance, in May 2020, Naxon Labs launched Explorer, a neurofeedback system for professionals in the fields of engineering and information technology, neuroscience, and medicine. This system helps display real-time brain wave frequencies through any output device with Bluetooth connectivity.
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