Brain Monitoring Market Report - Industry Size, Growth Drivers, Regional Study 2027

Author : univdatos
Publish Date : 2021-11-23 09:17:24
Brain Monitoring Market Report - Industry Size, Growth Drivers, Regional Study 2027

A comprehensive overview of the Brain Monitoring market is recently added by UnivDatos Market Insights to its humongous database. The Brain Monitoring market report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Brain Monitoring market. The Brain Monitoring market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Brain Monitoring market at the global and regional levels.

Market Overview

The growth of this market is driven owing to increasing incidence and prevalence of neurological disorders, rising awareness of neurodegenerative diseases and growth in the number of traumatic brain injuries. Epilepsy is a general term used to describe a group of related neurological disorders characterized by recurrent seizures. Seizures among epileptics can vary in frequency and seriousness and can last a few seconds or a few minutes. Some of the most common seizure triggers among epileptics include bright flashing lights, stress, lack of sleep, illness or fever, and alco-hol, caffeine, and other drugs. In most cases, the cause of epilepsy is unknown, but the disorder can result from stroke, brain injury, brain tumors, and serious illness or very high fever. Approximately 1.1 percent of the population of the U.S. currently lives with epilepsy, with the disorder occurring equally among men and women.

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The death rate from Parkinson’s disease has gradually increased over the last decade.Parkinson’s disease is a nervous system disorder that progressively impacts movement. It is predicted that by the year 2030 there will be around 1.2 million people living with Parkinson’s disease in the United States. A recent survey of Parkinson’s disease patients showed that some of the most common symptoms from the disease included fatigue, tremors or shaking, trouble sleeping, and changes in handwriting. Common cognitive changes involved concentration and attention span, verbal fluency, information processing, and memory.

COVID-19 Impact

The state of urgency to combat the outbreak has led to a significant increase in the demand for remote monitoring and patient engagement solutions. Most of the hospitals/healthcare facilities are currently trying to expand patient monitoring to homecare settings or other temporary setups with an aim to provide optimal care. COVID-19 has led to a significant surge in the demand for ventilators, and manufacturers are currently focusing their efforts to meet the increasing need for ventilators, including other respiratory devices, in contrast to brain monitoring devices. The pandemic is likely to have an adverse impact on the brain monitoring business particularly due to the focus of hospitals in setting up COVID-19 specific ICUs (intensive care units) along with the temporary suspension of production and manufacturing sites in major affected regions across the globe.

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During the first quarter of 2020, the market witnessed an increase in demand for certain products that are correlated to the response to COVID-19, including respiratory, computed tomography (CT), monitoring solutions, x-ray, and anesthesia and point-of-care ultrasound products. However, there was also an observed reduction in demand and delays in procurement in other products and services that are not critical to the COVID-19 response efforts or where procedures like magnetic resonance imaging, nuclear imaging, and electroencephalography, among others could be postponed. Most hospitals have temporarily canceled elective neurology procedures to reduce the risk of exposure to clinicians, staff & patients, and/or to conserve resources to accommodate a surge of COVID-19 patients. COVID-19 is also driving uncertainty in major global markets, as well as leading to additional supply chain and logistics costs. This fluctuation in market growth is expected to last until the next few quarters.

Global Brain Monitoring Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Product, the market is primarily bifurcated into

  • Devices
  • Accessories

Amongst all the products, the devices segment dominated the global Brain Monitoring market and will row at X% CAGR to reach USD X million by the year 2027.

By Medical Condition, the market is primarily segmented into

  • Traumatic Brain Injury (TBI)
  • Stroke
  • Dementia
  • Headache Disorders
  • Sleep Disorders
  • Parkinson’s Disease
  • Epilepsy
  • Huntington's Disease
  • Others

Based on disease, the brain monitoring market is segmented into traumatic brain injury (TBI), stroke, dementia, headache disorders, sleep disorders, Parkinson’s disease, epilepsy, Huntington’s disease, and other diseases. Traumatic brain injury (TBI) holds the largest share of the brain monitoring market by a medical condition. A major factor responsible for the large share of this market segment is the growing incidence of TBIs across the globe, leading to high demand for the management of these cases, thus requiring the intensive use of brain monitoring devices.

Traumatic brain injury (TBI), according to the World Health Organization, will surpass many diseases as the major cause of death and disability by the year 2020. With an estimated 10 million people affected annually by TBI, the burden of mortality and morbidity that this condition imposes on society, makes TBI a pressing public health and medical problem.

Brain Monitoring Market Geographical Segmentation Includes:

  • North America (United States, Canada and Rest of North America)
  • Europe (Germany, United Kingdom, Italy, France, Spain, and Rest of Europe)
  • Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific)
  • Rest of the World

Based on the estimation, the North America region dominated the Brain Monitoring market with almost USD X million revenue in 2020. At the same time, Asia Pacific region is anticipated to witness highest growth over the next 5 years on account of increase in number of geriatric population and rise in purchasing power of countries in the region.

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The major players targeting the market includes

  • Natus Medical, Inc.
  • Nihon Kohden Corporation
  • Philips Healthcare
  • GE Healthcare
  • Siemens Healthineers
  • Compumedics, Ltd.
  • Medtronic
  • CAS Medical Systems, Inc.
  • Drägerwerk AG & Co. KGaA
  • Masimo Corporation

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Brain Monitoring market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

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Key questions resolved through this analytical market research report include:

  • What are the latest trends, new patterns, and technological advancements in the Brain Monitoring market?
  • Which factors are influencing the Brain Monitoring market over the forecast period?
  • What are the global challenges, threats, and risks in the Brain Monitoring market?
  • Which factors are propelling and restraining the Brain Monitoring market?
  • What are the demanding global regions of the Brain Monitoring market?
  • What will be the global market size in the upcoming years?
  • What are the crucial market acquisition strategies and policies applied by global companies?

We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.

Category : business

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