Global Brain Monitoring Market: Overview
The activities associated with the brain monitoring include functions related to the brain such as the blood flow, magnetic movement, cerebral oxygen capacity, electrical motion, gravity adjoining the brain, tumor along with other conditions. These conditions of the brain can lead to severe symptoms such as paralysis, tremors, loss of sensation and muscle pain and weakness. The diseases that are associated with the brain are very complicated and their treatments are very costly too. Nowadays, there are several types of brain monitoring devices available that combat these diseases.
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Global Brain Monitoring Market: Segmentation
The brain monitoring market is segmented globally into its product, end user, therapeutic application, procedure, and geography. On the basis of the product, the brain monitoring market is categorized into devices and accessories. The devices segment is further sub-segmented into magnetoencephalography devices, intracranial pressure monitors, magnetic resonance imaging (MRI) devices, positron emission tomography devices, electroencephalography devices, transcranial doppler devices, cerebral oximeters, computerized tomography devices and sleep monitoring devices. The segment of accessories is divided into the type and usability. According to the type, the market is further categorized into electrodes, pastes and gels, cables, sensors, caps, batteries, and others. Based on the usability, the market is categorized into non-disposable and disposable. On the basis of the procedure, the global brain monitoring market is segregated into non-invasive and invasive. Based on therapeutic application, the global market is classified into epilepsy, Parkinson’s disease, dementia, Huntington’s disease, stroke, headache disorders, sleep disorders, traumatic brain injuries and other therapeutic applications such as autism, Williams syndrome, schizophrenia, Landau-Kleffner syndrome, attention-deficit hyperactivity disorder, depression, dyslexia and sickle-cell disease. On the basis of the end user, the global market is categorized into diagnostic centers, neurological centers and institutions, hospitals, ambulatory surgical centers and clinics, ambulances and other end users such as home care settings and academic and research institutions.
Global Brain Monitoring Market: Growth Factors
The major factor driving the global brain monitoring market include the high rate of incidences of the neurological disorders caused by various factors such as changing lifestyles, changes in the social environments and the rising levels of stress. The brain monitoring devices are used to examine the conditions such as Alzheimer’s disease, multiple sclerosis, epilepsy, brain tumors among other diseases. In the recent years, the number of people suffering from these conditions has increased considerably; hence, it is becoming one of the major factors that are driving the global market. The other factor driving the growth of the global market is the increasing number of post-surgical accidents of cerebrovascular. These incidences have raised the demand for the automated brain monitoring devices in the hospitals in order to understand the effects of the sedatives and anesthesia. The factors that are restraining the growth of the brain monitoring market includes the lack of the trained professionals, the reimbursement policies that are not favorable, the high cost of the complex devices and the concerns related to the accuracy of the diagnostic devices.
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Global Brain Monitoring Market: Regional Analysis
The global brain monitoring market is dominated by the North American region. The factors that contribute to this growth are the increasing number of the sleep and neurodegenerative disorders, the presence of the strong distribution and sales network of the neurodiagnostic companies, availability of the insurance coverage for the techniques of the brain monitoring and the investments made by the government to support the field of neurosciences. The Asia Pacific region is also an emerging market and is anticipated to dominate the global market in the future.
Global Brain Monitoring Market: Competitive Players
The major market players in the global brain monitoring market include Natus Medical Inc., Philips Healthcare, Siemens Healthcare, Electrical Geodesics Incorporated, CAS Medical Systems, Inc., Nihon Kohden Corporation, GE Healthcare, Compumedics Ltd., Medtronic Inc. and Advanced Brain Monitoring.
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Global Brain Monitoring Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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