Global Neurological Monitoring Devices Market Size, Share, Growth, Trends, and Forecasts (2016–2021)

The Global Neurological Monitoring Devices Market was worth USD 7.4 billion in 2016 and estimated to be growing at a CAGR of 7.1%, to reach USD 10.43 billion by 2021. Standardization in the process for brain monitoring and growing number of clinical trials for neuro-cognitive diseases are anticipated to offer good opportunity for the market.

Brain monitoring devices are being incorporated extensively in the hospitals and clinics for assessing the activity of sedatives and anesthesia. Due to the advent of wearable medical devices, the greatest shifting trend is observed in the commercialization and commoditization of Electroencephalography EEG devices.

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Factors such as the rising incidence and prevalence of neurological disorders, increasing awareness about neurodegenerative diseases, technological developments in devices and increasing incidence of traumatic brain injuries are driving market growth. On the other hand lack of skilled professionals, high cost of complex devices, poor reimbursement policies and concern regarding the accuracy of diagnostic devices are restricting the market growth.

The global neurological monitoring devices market is segmented on the basis of type into Monitors of Intracranial Pressure & Blood Flow Dynamics and Monitors of Brain Electrical Activity. Monitors of Intracranial Pressure & Blood Flow Dynamics segment is further divided into Intracranial Pressure Monitor, Jugular Venous Oximetry, Transcranial Doppler (TCD) Ultrasonography, Near-Infrared Spectroscopy and Brain Tissue Oxygen Tension Monitor. Monitors of Brain Electrical Activity segment is sub-segmented into Electroencephalography and Evoked Potentials. Based on procedure the market is segregated into Non-Invasive and Invasive. On the basis of therapeutic application, market is bifurcated into Brain Injuries, Stroke, Dementia, Headache Disorders, Sleep Disorders, Epilepsy, Parkinson’s disease and Huntington’s disease. By End User, the market segmentation is among Hospitals, Neurological Centers and Institutions, Clinics & Ambulatory Surgical Centers, Diagnostic Centers and Ambulances.

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Based on geography the market is analysed under various regions namely, North America, Latin America, Europe, Asia-Pacific and Middle-East & Africa. North America holds the largest share of the neurological monitoring devices market due to the advancement of technology and improved healthcare facilities. This is closely followed by Europe but Asia-Pacific has the fastest growing market because of huge investments being made in healthcare research and the developing economy.

Key market players include CAS Medical Systems Inc., Compumedics Ltd., Natus Medical Inc., Philips Healthcare, GE Healthcare, AMD Global Telemedicine, Intel Corporation, Johnson & Johnson, InTouch Health, InTechnology, MEG International Services Ltd., Rimed Inc., Siemens Healthcare, Medtronic Inc., Electrical Geodesics Incorporated, Nihon Kohden Corporation and Advanced Brain Monitoring.

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