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Global Brain Monitoring Market Size, Trends & Analysis - Forecasts to 2026 By Product (Devices, Accessories), By Disease (Traumatic Brain Injury (TBI), Stroke, Dementia, Headache Disorders, Sleep Disorders, Parkinson’s Disease, Epilepsy, Huntingtons Disease, Others), By End User (Hospitals, Neurology Centres, Ambulatory Surgery Centres (ASCS) & Clinics, And Diagnostic Centres, Others), By Region (North America, Europe, Asia Pacific, MEA, CSA), End User Landscape, Vendor Landscape, and Company Market Share Analysis & Competitor Analysis
Brain Monitoring Market Insights
The global brain monitoring market is estimated to witness a significant CAGR during the forecast period (2020-2026). Brain monitoring devices are feasible, have wide applications in neuroscience clinical trials, and explore the pattern of brain activity. The increasing demand for non-invasive and minimally invasive devices, the expanding therapeutic applications of brain monitoring devices, and the growing healthcare market are some of the factors driving the market growth. Moreover, the increasing prevalence of stroke and Parkinson’s disease are also likely to drive the market growth. Growing advanced technologies in medical sector, rising neurodegenerative diseases and increase in the demand for electroencephalography devices will propel demand for the brain monitoring devices during the forecast period.
Brain Monitoring Market: By Product
Based on the product, the market is segmented into devices, and accessories. The devices segment is expected to grow at a high CAGR during the forecast period. The segment is further segmented into MRI, CT, PET, EEG, EMG, MEG, TCD, and ICP, among others. Magnetic Resonance Imaging (MRI) segment of the market is expected to grow at a high CAGR during the forecast period. It uses magnetic field and radio waves to develop mages of the organs and tissues, assists in medical procedures and research. Due to its features of painless and non-invasive procedures, it would lead to its demand in the market. Furthermore, Computed topography (CT) scan is expected to grow at a high CAGR during the forecast period. CT scan helps in diagnosis of acute stroke, helps in identifying of underdeveloped parts of the brain or sites of injury, leading to its demand in the market
Brain Monitoring Market: By Medical Condition
Based on the medical condition, the market is segmented into Traumatic Brain Injury (TBI), stroke, dementia, headache disorders, sleep disorders, parkinson’s disease, epilepsy, and huntington's disease, among others. Use of brain monitoring devices in Traumatic Brain injury is expected to grow at a high CAGR during the forecast period. Neuroimaging is an important tool in chronic therapy of traumatic brain injury, identifying chronic sequelae, determining prognosis and guiding rehabilitation. Wide use of CT scan helps in detection of stroke from a blood clot or bleeding within the brain. CT imaging of the head, MRI and PET scan be used to rule out causes of dementia such as tumour, stroke or subdural hematoma. Use of brain monitoring in diagnosis of headache and sleep disorder is expected to grow at a high CAGR during the forecast period. CT scan and MRI help in ruling out causes of headache but they are normally not needed for headaches and sleep disturbance.
Brain Monitoring Market: By End Use
Based on the end use, the market is segmented into hospitals, neurology centres, ambulatory surgery centres (ASCs) & clinics, and diagnostic centres, among others. The hospital segment is expected to hold the largest market share during the forecast period due to wide use of CT scan, MRI to detect brain tumor and perform diagnosis for stroke and brain injury. Furthermore, the ambulatory surgical centres are expected to grow at a high CAGR during the forecast period. They are used often in hospitals due to high costs variable and large device set up. Rare use in ambulatory surgical centres and high costs make for low demand in the segment market.
Brain Monitoring Market: By Region
Based on the region, the market is segmented into North America, Asia-Pacific, Europe, Middle East and Africa and Central & South America. North America is expected to dominate the market during the forecast period due to the high rate of strokes, brain tumor and depression caused by chemical imbalance in the brain which will further propel the region’s growth in the market. Moreover, rising prevalence of neurological disorders, increasing number of brain monitoring drug clinical trials and the availability of medical insurance in the U.S. is further projected to propel the market growth. Furthermore, Asia-Pacific region is expected to grow at a high CAGR during the forecast period. Rise in number of end user industry, increase in rate of brain injury and aged population is expected to propel the region’s growth.
Brain Monitoring Market Share and Competitor Analysis
The key players operating in the market include: Nihon Kohden Corporation, Natus Medical, Inc., Siemens Healthineers, Compumedics, Ltd., Medtronic, Philips Healthcare, GE Healthcare, Drägerwerk AG & Co. KGaA, Advanced Brain Monitoring, CAS Medical Systems, Inc., Cadwell Industries, Integra LifeSciences Corporation, NeuroWave Systems, Inc., Nonin Medical, Inc., Masimo Corporation, Spiegelberg GmbH & Co. KG, Neurosoft, and Rimed, among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In March 2019, Masimo received CE Mark approval for its next-generation SedLine brain function monitor for paediatric patients aged between one and 18 years of age; this product assesses the brain function while the patient is under anaesthesia
In March 2018, Nihon Kohden launched aireeg WEE-1200, a wireless EEG system that provides real-time data during long-term epilepsy monitoring, intensive care, and routine EEG
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Check the Press Release on Global Brain Monitoring Market Report
Brain Monitoring Market: By Product
Brain Monitoring Market: By Medical Condition
Brain Monitoring Market: By End-User
Brain Monitoring Market: By Region
The global Brain Monitoring Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Brain Monitoring Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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