The aim of brain monitoring market is to identify altered or pathological neurological function as soon as possible so that the appropriate treatment can be administered before irreversible harm occurs.
The Brain Monitoring Market is expected to grow at a rate of ~6-7% by 2026. Some of the major factors propelling the global brain monitoring market include the rising prevalence of neurological disorders, technological developments in brain monitoring devices, increased prevalence of traumatic brain injuries, rising demand for non-invasive and minimally invasive devices, increased use of brain monitoring in clinical trials, and expanding therapeutic applications of brain monitoring devices.
Brain Monitoring Techniques
Growing Demand for Non-Invasive Brain Monitoring Techniques for Measuring Intracranial Pressure Drives the Market. Non-invasive monitoring methods provide a reliable alternative to invasive methods. ICP monitors, transcranial doppler, electroencephalogram, near-infrared spectroscopy, and other techniques are available and can be utilized in a variety of situations. Citing the growing demand for non-invasive techniques, several players have launched innovative products which are expected to propel the market in the coming years.
For instance,
- In September 2021, NeuroWave Systems Inc. announced the FDA clearance of its NeuroSENSE® NS-901 Monitor
- In August 2020, IRRAS AB announced the first patient treatment using the Hummingbird Solo
Increase in Usage of Electroencephalogram (EEG)
The increase in the usage of Electroencephalogram (EEG) for Diagnosing Neurological Disorder Propels the Brain Monitoring Market. An EEG is a test that detects abnormalities in brain waves or the brain’s electrical activity. The EEG is utilized to evaluate several types of brain disorders such as monitoring blood flow in the brain during surgical procedures determining the overall electrical activity of the brain, Alzheimer’s disease, certain psychosis, and a sleep disorder called narcolepsy, epilepsy, etc.
Explore Premium Report on Brain Monitoring Market.
Potential Of Brain Monitoring Using Sensors, Wearables, And Mobile Devices Boost The Market
Rapid technological advances have been witnessed in the area of portable EEG monitoring, sleep assessment, gait analysis, cognitive function testing, eye tracking, and voice analysis.
For instance:
- Interaxon Inc. launched the second generation of its popular EEG meditation & sleep headband, Muse S
- NeuroSky developed ZenZone’s apps designed to receive feedback data from the body via a sensor, which helps the app understand the state of mind and body
Growing Adoption Of Brain Multimodality Monitoring In Neurocritical Care Of Comatose Patients Fuels The Demand
Neurocritical care patients are at risk of developing secondary brain injury. Multimodality monitoring (MMM) involves the use of a variety of tools to monitor changes in brain metabolism, perfusion, and oxygenation in order to modify therapy before irreversible injury occurs.
Key Constraints/ Challenges
Some of the major factors that are anticipated to hamper the growth of the brain monitoring market are the high costs associated with the complex brain monitoring procedures and devices, unfavorable reimbursement policies, and a shortage of trained professionals.
North America Holds The Largest Share In The Global Brain Monitoring Market
North America currently holds a major share in the global brain monitoring market. This can be mainly attributed to the growing adoption of technologically advanced brain monitoring devices, rising awareness regarding neurodegenerative disorders, and increasing applications in clinical trials in the region.
Organic And Inorganic Growth Strategies Adopted By Players
Players operating in the brain monitoring market are implementing organic and inorganic growth strategies. Such as collaborations, acquisitions, and new product launches to garner market share.
For instance,
- In July 2022, Philips announced that they have received U.S. Food and Drug Administration (FDA) 510(k) clearance for their SmartSpeed artificial intelligence (AI) powered MR acceleration software
- In October 2021, Brain Scientific announced that they have received FDA Clearance for Next-Gen NeuroCap EEG Headset, an advanced Electroencephalogram (EEG) electrode array
Competitive Landscape Analysis
Some of the key players operating in the global brain monitoring market include Natus Medical Inc., Nihon Kohden Corporation, Philips Healthcare, and Siemens Healthineers, among others.
For More Detailed Insights, Contact Us.
About Medi-Tech Insights
Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services.
Contact:
Ruta Halde
Associate, Medi-Tech Insights
+32 498 86 80 79
info@meditechinsights.com
Leave a Reply
You must be logged in to post a comment.