Brain Monitoring Market by Device Type (Magnetic Resonance Imaging (MRI) Scanners, Transcranial Doppler (TCD) Devices, Computerized Tomography (CT) Scanners, Magentoencephalography (MEG) Devices, Elecroencephalograph (EEG) Devices, Intracranial Pressure (ICP) Monitors, Position Emission Tomography (PET) Scanners, Sleep Monitoring Devices, Elecromyography (EMG) Devices, Cerebral Oximeters, and Accessories), Procedure (Devices for Invasive Procedures, and Devices for Non-Invasive Procedures), Indication (Traumatic Brain Injury (TBI), Huntington\'s Disease, Stroke, Epilepsy, Dementia, Parkinson\'s Disease, Headache Disorders, Sleep Disorders, and Other Medical Conditions), End User (Hospitals, Diagnostic Centers, Neurology Centers, Ambulatory Surgery Centers (ASCs) & Clinics, and Other End Users): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00027021 | Pages: 100 | Industry: Medical Device | Date: Oct 2022 | Type: Global

The market crossed US$ 6.74 billion mark in 2022 and is expected to hit US$ 11.63 billion by 2030, recording a CAGR of 7% during the forecast period.

Brain monitoring has been significantly growing with the rising incidences of traumatic brain injury (TBI) 

Increasing incidence and prevalence of neurological disorders and increasing awareness of neurodegenerative diseases are some of the major factors driving market growth. With the rising adoption of non-invasive and minimally invasive devices and expansion of therapeutic applications of brain monitoring devices, the brain monitoring market is expected to witness a significant growth during the forecast period. The electroencephalograph and sleep monitoring devices segment is expected to pace with the rising adoption of minimally invasive devices. Further, other segment such as MRI, CT, EMG, ICP, MEG, TCD, and PET is also expected to gain traction during the forecasted year.

Within the report, the brain monitoring market is segmented into Product, procedure, indication, end user, and geography. By product type, the market is further segmented into magnetic resonance imaging (MRI) scanners, transcranial doppler (TCD) devices, computerized tomography (CT) scanners, magentoencephalography (MEG) devices, elecroencephalograph (EEG) devices, intracranial pressure (ICP) monitors, position emission tomography (PET) scanners, sleep monitoring devices, elecromyography (EMG) Devices, cerebral oximeters, and Accessories. On the basis of procedure, the market is bifurcated into invasive procedures and non-invasive procedures. Based on indication, the market is categorized into traumatic brain injury (TBI), huntington’s disease, stroke, epilepsy, dementia, parkinson’s disease, headache disorders, sleep disorders, and other medical conditions. Based on end user, the market is divided into hospitals, diagnostic centers, neurology centers, ambulatory surgery centers (ASCs) & Clinics. Geographically, the brain monitoring market is subsegmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Brain monitoring is a far-reaching technology that empowered the growth of futuristic innovations.

Invasive monitoring is a complex, painful, and risky process involving direct intervention with sensitive brain tissue. Therefore, doctors and patients show a high inclination toward using non-invasive brain monitoring devices. Owing to the benefits associated with these devices, there has been a rapid increase in the demand for non-invasive ICP monitors, TCD devices, tympanic membrane displacement procedures, optic nerve sheath diameter, CT scan/MRI, and fundoscopy, which are reliable alternatives to invasive techniques, thus compelling players in this market to develop and commercialize such products. Further, several government initiatives are focused on developing novel and innovative devices, such as the BRAIN initiatives launched in the US in April 2013, for encouraging R&D related to the brain's functioning. Advanced Research Projects Activity (IARPA) joined the BRAIN initiative for the development of non-invasive neural intervention devices for optimizing reasoning ad problem-solving.

Rising adoption in various end users is one of the major factors accelerating the market growth.

The hospital segment held the largest global brain monitoring market share during the forecast period. Hospitals also see a considerably larger inflow of patients as compared to small clinics and other end-users. Additionally, brain monitoring devices pose a considerable burden in terms of maintenance expenses on healthcare facilities; hospitals, more than other end-users, can bear such costs. Therefore, brain monitoring devices are mostly used in hospital, which consequently account for the largest share of this market segment. Other end users such as ambulatory surgery centers (ASCs) and clinics, neurology centers, diagnostic centers, and other end users are also encouraging the use of this brain monitoring technology.

Recent strategic developments in brain monitoring market

The brain monitoring market has undergone several significant developments, and a few of these have been mentioned below:

  • In November 2021, Brain Scientific Inc., announced its partnership with LOK Corporation to develop and manage Brain Scientific’s US and global distribution network. This partnership will scale and accelerate Brain Scientific’s neurological devices. The NeuroCap and NeuroEEG can be used in neurology clinics, urban and rural emergency departments, intensive care units, assisted living facilities, sporting venues and remote clinical research studies.
  • In June 2022, Medtronic and GE Healthcare announced the expansion of patient care around the world. FDA clearance and CE mark approval of the integration of these technologies on the CARESCAPE platform completes the full suite of Medtronic patient monitoring technologies available on the system. The combined solution also features GE Healthcare FlexAcuity which gives clinicians around the world the ability to choose care options based on patient acuity needs and assist them in their goal of earlier detection of patient deterioration..

The brain monitoring market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Natus Medical, Inc., Nihon Kohden Corporation, Philips Healthcare, GE Healthcare, Siemens Healthcare, Compumedics Limited, Medtronic Plc., Advanced Brain Monitoring, Inc., Masimo Corporation, and Spiegelberg GmbH & Co. KG, are among the prominent players operating in the brain monitoring market.

Target audience for the report:

  • Raw material providers
  • Display panel providers
  • Medical Device providers
  • Device service providers
  • Device associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Device component suppliers
  • Device distributors and sales firms
  • End users of brain monitoring devices
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Product:
    • Magnetic Resonance Imaging (MRI) Scanners
    • Transcranial Doppler (TCD) Devices
    • Computerized Tomography (CT) Scanners
    • Magnetoencephalography (MEG) Devices
    • Electroencephalograph (EEG) Devices
    • Intracranial Pressure (ICP) Monitors
    • Position Emission Tomography (PET) Scanners
    • Sleep Monitoring Devices
    • Electromyography (EMG) Devices
    • Cerabral Oximeters
    • Accessories
  • Procedure:
    • Invasive Procedures
    • Non-Invasive Procedures
  • Indication:
    • Traumatic Brain Injury (TBI)
    • Huntington’s Disease
    • Stroke
    • Epilepsy
    • Dementia
    • Parkinson’s Disease
    • Headache
    • Sleep Disorders
    • Other Medical Conditions
  • End User:
    • Hospitals
    • Diagnostic Centers
    • Neurology Centers
    • Ambulatory Surgery Centers (ASCs) & Clinics
    • Other End Users
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • Natus Medical, Inc.
    • Nihon Kohden Corporation
    • Philips Healthcare
    • GE Healthcare
    • Advanced Brain Monitoring, Inc.

 

The List of Companies
- Natus Medical, Inc.
- Nihon Kohden Corporation
- Philips Healthcare
- GE Healthcare
- Advanced Brain Monitoring, Inc.

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