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Global Wireless Brain Sensor Market Size, Trends, & Analysis with COVID-19 Impact - Forecasts 2026 By Product Type (Electroencephalography devices, Sleep Monitoring Devices, Accessories), By Application (Epilepsy, Dementia, Parkinson’s Disease, Migraine Stroke, Sleep Disorders), By End Users (Hospitals, Research Centers, Others), By Region (North America, Asia-Pacific, Middle East & Africa, Europe, CSA), End-User Landscape and Company Market Share Analysis and Competitor Analysis
Wireless Brain Sensor Market Insights
The wireless brain sensor market will grow in an upward direction during the forecast period. Wireless brain sensors devices represent potential in medical research. These devices aid in the detection of the intracranial pressure, also the brain signals. The goal of the devices is to assist the person in a critical situation. Patients who deal with sleep disorders, Parkison’s disease, dementia, and traumatic brain injury are recommended to use this device. Such devices can be connected to tablets, laptops, and smart-phones leading to easy and remote access. The remote accessibility adds cost efficiency to the device. The abundant potential of the device in the medical field will lead to growing demand opportunities in the market. The ongoing pandemic is a serious threat to the market as the medical resources are being used to cater to the COVID-19 patients and less priority is given to other diseases in question.
Wireless Brain Sensor Market: By Product type
By product, the market is explained into EEG devices and accessories among others. Sleep monitoring devices would grow upwardly in this market. The innovation in the market space for smart sleep monitoring devices, easy and readily available sleep trackers aid in market growth and demand. The data-driven devices are the future and are expected to show ample growth opportunities in the clinical field. Accessories too would show unlimited growth potential in this market. Accessories such as wireless headsets also aid to detect brain activity and convert it into useful data for researchers.
Wireless Brain Sensor Market: By Application
Based on the application, the market is branched into epilepsy, dementia, Parkinson’s disease, migraine stroke, and sleep disorders. The use of sensors for dementia will show rising trends in the market due to the growing prevalence of the disease and the rising number of statistics for it as almost 10 million cases are recorded every year of dementia. The wireless headsets, memory recording devices are useful in recording the brain’s activity and also aid in clinical research leading to more use of the sensors for the dementia segment. The sleep disorders segment would also grow rapidly in this market. The electroencephalography devices are profoundly used to detect sleep disorders and insomnia and are changing the diagnosis and treatment procedures.
Wireless Brain Sensor Market: By End User
Based on the end-user, the market takes into account hospitals, research centers, and others. The hospital segment would account for a major market chunk. The growing need for sleep disorder facility in the hospital, rising hospital expenditure, and availability of large equipment devices promote the high segment growth in the market. Research centers too will see growth potential in the market. They aid in better clinical trials, universities, and research units in the hospitals to make informed decisions regarding treatment and devices to be used.
Wireless Brain Sensor Market: By Region
Based on the region, the market is analyzed into Europe, North America, Asia-Pacific, Middle East & Africa, and CSA. Europe as a region holds more growth opportunities for the wireless brain sensors market. The growing number of government-funded projects on brain research, rise in innovating technologies, and ease in the regulation for entry of market players in the region add to the high market demand in the region.
Wireless Brain Sensor Market Share and Competitive Analysis
Some of the key players operating in the market include RMS, NeuroScan, Brain Products, BioSemi, EGI, Emotiv, NeuroSky, Advanced Brain Monitoring, Gt Tec, ANT Neuro, Neuroelectrics, Muse, OpenBCI, Cognionics, mBrainTrain, and Ava AG among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In October 2019, a brain zap device was launched in the UK to cure depression.
Related Report: Global Portable Smart Brain Scanning Market Size, Trends & Analysis - Forecasts to 2026
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The Wireless Brain Sensor 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 Wireless Brain Sensor 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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