Brain Monitoring Market to Escalate Owing to Growing Geriatric Population

Pune, India, June 2019, MRFR Press Release/- Market Research Future has Published a Half-Cooked Research Report on the Global Brain Monitoring Market.

Market Overview

Brain monitoring can be referred to as a process of studying and reporting the functioning of a brain. Brain monitoring devices are used to detect, monitor, and control various brain diseases such as headache disorders, dementia, Parkinson’s disease, epilepsy, sleep disorders, strokes, Huntington’s disease, and traumatic brain injuries. The global brain monitoring market is, as per the report by Market Research Future (MRFR), anticipated to develop at a staggering CAGR during the forecast period.

Various factors are seen contributing to the upscaling witnessed by the global brain monitoring market through the assessment period. Rising prevalence of neurological disorders is one of the primary factors promoting the brain monitoring market. Conferring to a 2014 study by Neurology India, around 30 million people in India alone were suffering from some neurological disorder.

Other factors include the growing geriatric population, rising prevalence of lifestyle associated diseases, technological advancements, escalating healthcare expenditure, and a mounting adoption rate for remote monitoring devices. Additionally, a growing preference towards minimally invasive treatment methods, proliferating adoption of health insurance, and amendments favoring better reimbursement policies are promoting growth in the global brain monitoring market. However, high cost of manufacturing these devices, lack of awareness among people, complications associated with these devices, and a lack of skilled physicians are likely to refrain market growth for brain monitoring services during the forecast period.  

Market Segmentation

The global brain monitoring market is segmented by type of devices, procedures, modality, end-users, and region. Based on type of devices, the market is segmented into magnetoencephalography (MEG), intracranial pressure monitor, cerebral oximeters, electroencephalograph (ECG), and transcranial doppler.

Based on procedures, the global brain monitoring market is segmented into invasive and non-invasive. Among these segments, the invasive segment is anticipated to lead the global brain monitoring market through the review period.

Based on modality, the brain monitoring market is segmented into portable EEG devices and fixed EEG devices. Among these, portable EEG devices segment is likely to harness a significant growth rate between 2018-2022.

Based on end-users, the global brain monitoring market is segmented into hospitals and diagnostics centers. End-user industries are likely to demand highly advanced brain monitoring systems to aid faster and more accurate diagnosis through the forecast period.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/brain-monitoring-market-2288

Competitive Analysis

The brain monitoring market is highly influenced by various strategies launched by prominent market vendors to monopolize and capture larger market shares. Increasing demand for advanced technological products is presenting many market giants with the opportunity to create differentiative products and gain a competitive edge on their peers.

Market Players

Some of the noteworthy brain monitoring market players include GE Healthcare (UK), Welch Allyn (US), Spacelabs Healthcare (US), Koninklijke Philips N.V. (The Netherlands), CompuMed, Inc. (US), Schiller (Switzerland), CardioNet (US), Nihon Kohden (Japan), Medtronic plc (Ireland), Natus Medical Inc. (US), Electrical Geodesics Incorporated (US), and CAS Medical Systems, Inc. (US).

Detailed

Regional Analysis

The global brain monitoring market is segmented, by geography, into North America, Europe, Asia Pacific, and the Middle East and Africa. North America is expanding at an alarming rate for brain monitoring through the assessment period. This ascension can be accredited to the easy adoption of advanced technology due to a well-developed healthcare sector in North America.

Europe is also anticipated to augment at a rapid pace throughout the review period. Such growth can be due to the increasing healthcare expenditure and a rise in the incidences of neurological disorders among the population residing in the region.

On the other hand, Asia Pacific is estimated to open up new growth avenues for various market players in the forthcoming years. New growth opportunities can be attributed to the rising prevalence of neurological disorders and the speedy developments seen in the healthcare sector of the region.

Industry News

May 2019: Bittium exhibited its latest innovations for neuroscience and neurophysiology at Post Cardiac Arrest Care 2019. One of the products exhibited included Bittium BrainStatus EEG amplifier, electrode headband, and software. These are enabled to monitor brain electrical activity in real time. Other devices included Bittium Faros to measure and monitor cardiac ECG signals, and Bittium FastFix patch electrode to allow long term ECG measurement.