Increasing Prevalence of Encephalomalacia is Projected to Boost The Market Growth at a Healthy CAGR of ~ 7.9% During The Forecast Period 2022-2030

Pune, India, December 2022 /MRFR Press Release/- Market Research Future has a half cooked research report on the global encephalomalacia market.

Market Highlights

Cerebral softening (encephalomalacia) may be seen in a localized area of the brain depending on the cause. however, it can affect virtually any part of the brain, possibly damaging tissues of the frontal, occipital, parietal, and temporal lobe.

However, the number of hospitals has increased to a great extent, which is influencing the growth of the market positively. Moreover, increasing demand for better treatment and changing reimbursement policies have fueled the market growth. According to National Institute of Neurological Disorders and Stroke, it is estimated that 13%-16% of the United States suffer from brain disease/disorder.

Increasing prevalence of neurological/brain disorder like epilepsy, rising need for better treatment, increasing investment of biotechnology and pharmaceutical industries in R&D, and availability of funds drive the growth of the market. Moreover, increasing government support for research & development, changing lifestyle, and rapid development of technology is likely to fuel the market growth during the forecast period. On the other hand, the higher cost of the treatment procedure may slow the market growth during the review period.

Global Encephalomalacia Market is anticipated to reach USD 623.7 Million by 2030 at 7.9% CAGR during the forecast period 2022-2030.

Regional Analysis

The Americas dominate the global encephalomalacia market owing to the presence of huge patient population, high health care spending, and increasing government support for research & development.     

Europe holds the second largest share of the global market. The increasing focus of various government agencies on treating various brain disorders or brain injuries such as epilepsy and depression will have a positive impact on the growth of the market. The growing public awareness will boost the adoption of these devices in the European market.   

The Asia Pacific is the fastest growing encephalomalacia market across the globe. Japan holds the major share of the regional market due to the availability of technology and huge healthcare spending. Rapidly developing the economy, increasing healthcare expenditure, and government initiatives for research & development may drive the market in China and India over the assessment period.       

The Middle East and Africa hold the least share of the global market due to limited availability of medical facilities. The UAE, Saudi Arabia, and Kuwait are expected to drive the Middle East & African market. Whereas, the African region is expected to witness a moderate growth.  

Segmentation

The global encephalomalacia market is segmented on the basis of types, diagnosis, treatment, and end user. On the basis of the type, it is segmented into leukoencephalomalacia (encephalomalacia affecting the white matter), and polioencephalomalacia (encephalomalacia affecting the gray matter). On the basis of diagnosis, it is segmented into blood test, brain scans, and others. A brain scan is further segmented into computerized tomography (CT) scan, magnetic resonance imaging (MRI) and electroencephalography (EEG). On the basis of treatment, it is segmented into medical treatment, surgery, and others. On the basis of the end user, it is segmented into hospitals & clinics, research laboratories, and others.

Key Players

Some of key the players in the market are Fujifilm Holdings (Japan), GE Healthcare (U.S.), Siemens Healthcare(U.S.), Philips Healthcare (U.S.), Shimadzu Corporation (Japan), Toshiba Medical Systems Corporation (Japan),            Carestream Health (U.S.), Nihon Kohden Corporation (Japan), Electrical Geodesics Inc. (U.S.), Masimo Corporation (U.S.), Hologic (U.S.), Esaote (Italy), and others.

Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Encephalomalacia Market Research Report