Global Brain Monitoring Market – Overview
The Brain Monitoring Market is escalating mainly due to growing geriatric population. As per the recent report published by the Market Research Future, the brain monitoring market is booming and expected to gain prominence over the forecast period. The market is forecast to demonstrate a spectacular growth by the year 2022, surpassing its previous growth records in terms of value with a striking CAGR during the forecast period (2017 – 2022).
Brain monitoring is defined as the process of studying and reporting the brain functioning. Brain monitoring devices are used in case of various diseases such as epilepsy, headache disorders, dementia, Parkinson’s disease, strokes, sleep disorders, traumatic brain injuries, Huntington’s disease, and others. According to the data suggested by World Health Organization (WHO), nearly 50 million individuals worldwide have epilepsy, making it one of the most common neurological disorder globally. It is also stated that about three fourths of people with epilepsy are living in low- and middle- income countries, and do not get proper treatment.
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Notably, rising prevalence of neurological disorders is the primary factor driving the brain monitoring market. Neurological disorders are on rise worldwide. On considering a 2014 study published in the Neurology India journal, it is found that out of total population of India, around 30 million individuals were suffering from neurological disorders in India.
Other push factors such as, increasing aging population, technological advancements, rising prevalence of lifestyle associated diseases, escalating adoption rate of remote monitoring devices, increasing healthcare expenditure, growing preference towards minimally invasive treatments, and favourable amendments in reimbursement policies, and growing health insurance are also fuelling the growth of the market. The increase in aging population worldwide has direct impact on the market. As older adults are more vulnerable towards various neurological health issues. As per the 2016 statistics suggested by the WHO, it is found that neuropsychiatric disorders account for nearly 6.6% among the older adults.
Brain Monitoring Industry Scenario:
Brain Monitoring is defined as the process of studying and reporting the brain functioning. Various EEG devices are used for the process. Due to increasing cases of depression, neurological disorders and other brain disorders with increasing awareness and technological advancements the brain monitoring market is expected to grow at a higher rate.
EEG is widely used to detect epilepsy, sleep disorders, brain death, and encephalopathy. Intracranial pressure monitors are used to record the action of brain of patients suffering from severe traumatic brain injury. The most widely used method to measure intracranial pressure is by introducing a catheter into the cranium. EEG is widely used in hospitals, laboratories, clinics and in home settings.
Brain Monitoring Market Key Players:
GE Healthcare (UK), Koninklijke Philips N.V. (The Netherlands), Welch Allyn (US), Nihon Kohden (Japan), Spacelabs Healthcare (US), CompuMed, Inc. (US), Schiller (Switzerland), CardioNet (US), Medtronic plc (Ireland), CAS Medical Systems, Inc. (US), Natus Medical Inc. (US), and Electrical Geodesics Incorporated (US) are some of the prominent players at the forefront of competition in the brain monitoring market and are profiled in MRFR Analysis.
Brain Monitoring Market Segments:
The Global Brain Monitoring Market is segmented on the basis of type of devices, procedures, modality and end users. Based on devices used the market is segmented into intracranial pressure monitor, Magnetoencephalography (MEG), Electroencephalograph (EEG), Cerebral oximeters, and Transcranial doppler. Based on procedures, the market is segmented into invasive and non- invasive. Further on the basis of modality, market is segmented into portable EEG devices and fixed EEG devices. On the basis of end users, the market is segmented into hospitals, diagnostics center and others.
Global Brain Monitoring Market Research Report- Forecast To 2022
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS & LIMITATIONS
1.3 MARKET STRUCTURE:
2 RESEARCH METHODOLOGY
2.1 RESEARCH PROCESS:
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH:
3 MARKET DYNAMICS
3.4 MACROECONOMIC INDICATORS
4 MARKET FACTOR ANALYSIS
4.1 PORTERS FIVE FORCES MODEL
4.2 BARGAINING POWER OF SUPPLIERS
4.3 BARGAINING POWER OF BUYERS
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