Press release
Brain Monitoring Devices Market was valued at USD 6,033.29 million in 2021 and is estimated to reach USD 9,741.81 million by 2031
Brain Monitoring Devices Industry SizeBrain Monitoring Devices Market is estimated to grow at a CAGR of 5.96% during the forecast period (2024-2031).
Brain monitoring systems monitor different brain activities, including blood flow monitoring, magnetic movement, cerebral oxygen capacity, electrical motion, tumour identification, and other conditions.
This process involves the use of various brain monitoring devices such as Electroencephalography (EEG), Magnetoencephalography (MEG), and Transcranial Doppler Devices (TCD) to track brain functions. These devices are also used to monitor and diagnose abnormal activities associated with the brain.
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Industry Dynamics
The rising prevalence of neurological diseases is expected to drive the market growth
The rise in the prevalence of neurological disorders with the rising geriatric population is one of the major factors driving the global brain monitoring devices market during the forecast period. An increase in traumatic brain injury cases across the globe is additionally contributing to the growth of the global brain monitoring devices market.
For instance, according to a study conducted by researchers at the Journal of Surgical Protocols and Research Methodologies in 2021, 69 million individuals worldwide are estimated to sustain a traumatic brain injury yearly. An increase in such cases might help in the growth of the market. An increase in intracranial pressure is an important cause of secondary brain injury, and ICP monitoring has become an established component of brain monitoring after traumatic brain injury.
World Health Organization (WHO) has recommended mental health action plans to promote mental health and prevent mental disorders in Europe. In addition, according to the key facts published by WHO, an estimated 300 million people are affected by depression, and 60 million people are affected by bipolar disorder. Such initiatives by various governmental or private organizations and NGOs will boost the growth of the brain monitoring devices market.
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Industry Segmentation
By Product Type
Devices
Accessories
By Procedure
Invasive
Non-invasive
By Application
Epilepsy
Sleep Disorders
Tumors
Stroke
Brain Injuries
Parkinson's Disease
Others
By End-User
Hospitals
Diagnostic centers
Ambulatory surgical centers
Neurological centers
Industry Key Players
Major players are Medtronic, Masimo, Advanced Brain Monitoring, Inc, CAS Medical Systems, Inc, Compumedics Ltd, GE Healthcare, Philips Healthcare, Neural Analytics, Inc and Siemens AG.
Industry Key Players
Patient Monitoring Accessories Market - https://www.datamintelligence.com/research-report/patient-monitoring-accessories-market
Multiparameter Patient Monitoring Devices Market - https://www.datamintelligence.com/research-report/multiparameter-patient-monitoring-devices-market
Remote Patient Monitoring Market - https://www.datamintelligence.com/research-report/remote-patient-monitoring-market
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