The global brain monitoring market size was valued at USD 5.8 billion in 2021 and is expected to surpass USD 8.0 billion by 2026, expanding at a CAGR of 6.5% during the forecast period, 2021–2028. Rising prevalence of neurological disorders, increased awareness of neurodegenerative diseases, increased traumatic brain injuries, and increased use of brain monitoring in clinical trials are the primary drivers of this market.
Brain monitoring devices are used to investigate the anatomy and function of the brain in order to monitor and diagnose neurological diseases. Several brain monitoring technologies, such as electroencephalography devices, intracranial pressure monitors, and magnetoencephalography, are used to track brain processes during this process. These gadgets aid in monitoring neuronal and electrical activity in the brain. Demand for electroencephalography equipment is currently increasing among healthcare providers. The first EEG monitors were packed with wires and electrodes, and the vast majority of devices follow this traditional design. The size and functionality of EEG monitors and other related devices have been substantially reduced, owing to wireless technology. Wireless monitors are gadgets that diagnose without the use of wires or cords. Wireless headphones enable fully non-invasive readings and evaluation of patients from the comfort of their own homes.
Market Trends, Drivers, Restraints, and Opportunities:
Drivers
- The global brain monitoring market is anticipated to register considerable growth in the coming years, due to increasing prevalence of neurological disorders such as dementia & epilepsy and rising geriatric population. According to WHO figures, about 55 million individuals worldwide are affected by dementia as of January 2022, with nearly 10 million new cases being documented each year. It is one of the leading causes of disability and dependence among the elderly around the world.
- The global brain monitoring market is expected to register significant growth in the coming years, due to technological advancements in brain monitoring devices. A new generation of long-term brain monitoring devices that continuously record brain activity in the clinic or at home is on the horizon, with the potential to significantly enhance epilepsy disease management.
- Growing awareness regarding neurodegenerative diseases is projected to have a significant impact on the brain monitoring market.
Restraints
- Stringent government regulations and unfavorable reimbursement policies act as key factors that restrict the market expansion during the forecast period.
Opportunities/Trends
- Growing demand for non-invasive and minimally invasive devices, as well as the expanding therapeutic uses of brain monitoring devices and the expanding healthcare industry in emerging nations, are expected to provide growth opportunities for market players.
Scope of the Report
The report on the global brain monitoring market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Brain Monitoring Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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By Product Type (Device [Electroencephalography (EEG) Devices, Magnetoencephalography (MEG) Devices, Transcranial Doppler (TCD) Devices, Intracranial Pressure (ICP) Monitors, Cerebral Oximeters, Magnetic Resonance Imaging (MRI) Devices, Computerized Tomography (CT) Devices, Positron Emission Tomography (PET) Devices, Sleep Monitoring Devices, Electromyography (EMG) Devices], and Accessories [Electrodes, Sensors, Pastes and Gels, Caps, Cables, Batteries, and Others]), By Procedure (Invasive and Non-invasive), By Applications (Epilepsy, Dementia, Parkinson's Disease, Huntington's Disease, Headache Disorders, Stroke, Traumatic Brain Injuries, Sleep Disorders, and Others) By End-users (Hospitals, Neurology Centers, Ambulatory Surgery Centers (ASCs) & Clinics, Diagnostic Centers, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Siemens Healthineers, Natus Medical, Inc., Nihon Kohden Corporation, Philips Healthcare, Spiegelberg GmbH & Co. KG, GE Healthcare, Advanced Brain Monitoring, Compumedics, Ltd., Medtronic, Edwards Lifesciences Corporation, Drägerwerk AG & Co. KGaA, Masimo Corporation, Cadwell Industries
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Global Brain Monitoring Market Segment Insights
Increasing investments by device manufacturers to drive the market
On the basis of product type, the brain monitoring market is divided into device and accessories. The device segment is divided into electroencephalography (EEG) devices, magnetoencephalography (MEG) devices, transcranial doppler (TCD) devices, intracranial pressure (ICP) monitors, cerebral oximeters, magnetic resonance imaging (MRI) devices, computerized tomography (CT) devices, positron emission tomography (PET) devices, sleep monitoring devices, and electromyography (EMG) devices. The accessories segment is divided into electrodes, sensors, pastes and gels, caps, cables, batteries, and others. The electroencephalography (EEG) devices segment is anticipated to hold significant market share during the forecast period, owing to rising need for advanced imaging techniques and increasing investments by device manufacturers. Rising need for diagnosis of critical disorders such as epilepsy encouraged companies to focus on the development of brain monitoring EEG devices.
Rising number of brain injuries to drive the market
In term of procedure, the brain monitoring market is segregated into invasive and non-invasive. The non-invasive segment is projected to hold a considerable market share during the forecast period, owing to increasing traumatic brain injuries, high acceptance rate of minimally invasive technologies, and low risk of mortality.
High use of brain monitoring devices in the treatment of brain injuries to drive the market
Based on applications, the brain monitoring market is divided into epilepsy, dementia, Parkinson’s disease, Huntington’s disease, headache disorders, stroke, traumatic brain injuries, sleep disorders, and others. The traumatic brain injuries segment is expected to hold a substantial market share in the coming years, owing to the rising prevalence of TBIs around the world, which resulted in high need for case management, necessitating the usage of brain monitoring devices on a large scale.
Wide use of brain monitoring devices in hospitals to drive the market
On the basis of end-users, the brain monitoring market is segmented into hospitals, neurology centers, ambulatory surgery centers (ASCs) & clinics, diagnostic centers, and others. In 2020, the hospital segment held a large share of the global brain monitoring market, accounting for 57.8%. Brain monitoring is a complicated procedure that necessitates the use of expensive and sophisticated technologies and equipment typically available in hospitals. In addition, compared to small clinics and other end-users, hospitals experience a significantly higher intake of patients. Furthermore, brain monitoring devices impose a significant financial burden on healthcare facilities in terms of maintenance expenditures, and hospitals, more than other end-users, bear such costs. As a result, the majority of brain monitoring devices are utilized in hospitals, which account for a large share of the market.
Rising number of clinical trials in North America to drive the market
In terms of regions, the global brain monitoring market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. In 2020, North America held a large share of the global brain monitoring market, due to increasing incidence of neurological illnesses, rising number of clinical trials of brain monitoring devices, and the availability of medical reimbursement in the US. The market in Asia Pacific is projected to develop at a rapid CAGR throughout the forecast period, providing attractive potential for market players, due to increasing number of geriatrics and people suffering from chronic diseases, as well as the rising purchasing power of countries in the area.
Segments
Segments Covered in the Report:
By Product Type
- Device
- Electroencephalography (EEG) Devices
- Magnetoencephalography (MEG) Devices
- Transcranial Doppler (TCD) Devices
- Intracranial Pressure (ICP) Monitors
- Cerebral Oximeters
- Magnetic Resonance Imaging (MRI) Devices
- Computerized Tomography (CT) Devices
- Positron Emission Tomography (PET) Devices
- Sleep Monitoring Devices
- Electromyography (EMG) Devices
- Accessories
- Electrodes
- Sensors
- Pastes and Gels
- Caps
- Cables
- Batteries
- Others
By Procedure
By Applications
- Epilepsy
- Dementia
- Parkinson's Disease
- Huntington's Disease
- Headache Disorders
- Stroke
- Traumatic Brain Injuries
- Sleep Disorders
- Others
By End-users
- Hospitals
- Neurology Centers
- Ambulatory Surgery Centers (ASCs) & Clinics
- Diagnostic Centers
- Others
By Regions
- Asia Pacific
- North America
- Europe
- Latin America
- Middle East & Africa
By Key Players
- Siemens Healthineers
- Natus Medical, Inc.
- Nihon Kohden Corporation
- Philips Healthcare
- Spiegelberg GmbH & Co. KG
- GE Healthcare
- Advanced Brain Monitoring
- Compumedics, Ltd.
- Medtronic
- Edwards Lifesciences Corporation
- Drägerwerk AG & Co. KGaA
- Masimo Corporation
- Cadwell Industries
Competitive Landscape
Some of the key players in the brain monitoring market include Siemens Healthineers, Natus Medical, Inc., Nihon Kohden Corporation, Philips Healthcare, Spiegelberg GmbH & Co. KG, GE Healthcare, Advanced Brain Monitoring, Compumedics, Ltd., Medtronic, Edwards Lifesciences Corporation, Drägerwerk AG & Co. KGaA, Masimo Corporation, Cadwell Industries, and others.
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