Global Brain Monitoring market data 2024, Forecast To 2033
25 Jan, 2024
The brain monitoring market has experienced rapid growth, increasing from $7.49 billion in 2023 to $8.26 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period is attributed to the increased prevalence of neurological disorders, demand for real-time brain monitoring in surgical and critical care settings, growth in research on brain-computer interfaces (BCIs) and neurofeedback, expansion of the aging population, and increased adoption of brain monitoring in sports optimization. Projecting into 2028, the market is expected to reach $12.07 billion at a CAGR of 10.0%. The forecasted growth is driven by the development of more affordable and accessible brain monitoring devices, increased application of brain monitoring in mental health and psychiatric care, expansion of neurocritical care units and stroke centers in healthcare facilities, regulatory support for the approval and use of brain monitoring technologies, and growing pediatric neurology and neonatal brain monitoring. Major trends in the forecast period include neuroinformatics and data integration, neurofeedback and brain training, brain-computer interface (BCI) integration, blockchain for data security, and brain monitoring in space exploration.
Global Brain Monitoring Market Key Driver
The brain monitoring market is witnessing growth driven by the increasing incidence and prevalence of neurological disorders. WHO reports project a worldwide occurrence of nearly 103 million neurological health problems by 2030. Brain monitoring provides accurate information about neurologic injuries, enhancing the diagnosis and treatment of neurological disorders. The rising demand for neurological disorder management contributes to the growth of the brain monitoring market.
Get A Free Sample Of The Global Brain Monitoring Market ReportGlobal Brain Monitoring Market Segments
The global brain monitoring market covered in this report is segmented –
1) By Product: Magnetoencephalograph, Electroencephalograph, Cerebral Oximeters, Functional Magnetic Resonance Imaging (fMRI), Intracranial Pressure Monitoring Devices, Other Product Types
2) By Procedure: Invasive, Non-invasive
3) By Application: Parkinson’s Disease, Traumatic Brain Injury, Epilepsy, Dementia, Sleep Disorders, Other Applications
4) By End User: Hospitals and Clinics, Neurology Centres, Ambulatory Surgery Centers, Diagnostic Centers, Other End Users
Major Brain Monitoring Industry Players
Natus Medical Inc., Nihon Kohden Corporation, Philips Healthcare NV, GE Healthcare Technologies Inc., Compumedics Ltd., Medtronic PLC, Edwards Lifesciences Corporation, Advanced Brain Monitoring, Masimo Corporation, Spiegelberg GmbH & Co. KG, Cadwell Industries Inc., Elekta A.B, Drägerwerk AG & Co. KGaA, Electrical Geodesics Inc., Integra LifeSciences Corporation, Siemens AG, CAS Medical Systems Inc., Neural Analytics Inc., BrainScope Company Inc., NeuroWave Systems Inc., Neurosoft Company, NeuroSky Inc., NeuroVigil Inc., OpenBCI Inc., Qneuro Pvt. Ltd., Soterix Medical Inc., Wearable Sensing Inc., Brain Products GmbH, Brain Vision LLC, ANT Neuro B.V., Blackrock Microsystems LLC, Cognionics Inc., Emotiv Inc., G.TEC Medical Engineering GmbH, MindMaze SA
Get The Full Global Brain Monitoring Market Report
Brain Monitoring Market Overview
Brain monitoring refers to a set of continuous online monitoring, which substantially measures the particle velocity of cerebral blood flow and volume wave in the brain. Brain monitoring is used for individualized patient management such as brain and neuro-related diagnostics and treatment purposes.
Brain Monitoring Global Market Report 2023 provides data on the global brain monitoring market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The brain monitoring market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.