Overview of the global brain monitoring devices market
Technavio’s market research analysts have identified the increasing prevalence of neurological disorders to be one of the primary growth factors for the brain monitoring devices market. Neurological disorders result in a disability-adjusted life that commonly results in death and it has been observed that traumatic brain injury (TBI) is the primary cause of death around the world. Both the developed and developing countries are being affected by the growing prevalence of neurological disorders. With the growing life expectancy, there is an increase in geriatric population across the globe.
Since older adults are more susceptible to develop neurological disorders, this increase in geriatric population is driving the demand for brain monitoring devices for the diagnosis and monitoring of these diseases. Our market research and industry analysis report estimates the brain monitoring sensors market to grow steadily at a CAGR of close to 9% by 2022.
The growing applications of health informatics and monitoring solutions will trends driving the growth of the brain wave monitoring device market during the next few years. Health informatics deals with acquisition, transmission, processing, storage, retrieval, and use of health information. Health informatics and monitoring solutions enable the remote monitoring of vital information from multiple devices. The integration of health informatics solutions with brain monitoring devices such as EEG machine, cerebral or somatic oximeters, and pulse oximeters, enable improved medical diagnosis and accurate disease analysis. This will integrate vast amount of data accumulated by researchers and also provide tools to organize them for further research.
Advanced brain monitoring companies covered in the report
The brain monitoring sensors market appears to be fragmented owing to the presence of numerous vendors. This market research report provides an analysis of the competitive environment among the players in advanced brain monitoring market and also offers information about the companies and their products. Additionally, Technavio’s industry research report also provides information about the key focus areas and the strategies adopted by the companies to sustain the competition in this brain wave monitor market.
This research report provides an analysis of the advanced brain monitoring companies in the global market including
- Compumedics
- GE Healthcare
- Medtronic
- Natus Medical
- NIHON KOHDEN
- Koninklijke Philips
Segmentation by end-user and analysis of the advanced brain monitoring system
- Hospitals and clinics
- ASCs
- Home-care service providers
Hospitals and clinics will be the primary end-user segment of the brain monitoring devices market throughout the forecast period. Factors such as the rapid adoption of brain monitoring devices, the high awareness about neurological diseases among clinicians, and the increasing prevalence of neurological disorders, will support the growth of the market in this segment. Moreover, the availability of favorable reimbursement policies and the growing focus of vendors towards hospitals, will also boost the growth of this brain wave monitor market.
Geographical segmentation and analysis of the brain monitoring devices market
- Americas
- APAC
- EMEA
During 2017, the Americas was the major revenue contributor to this brain wave monitor market. Our market research analysts have predicted that though this region will witness a decrease in this market shares in the coming years, it will continue to dominate the market throughout the forecast period.
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Key questions answered in the report include
- What will the market size and the growth rate be of the global brain monitoring devices market in 2022?
- What are the key factors driving the global brain monitoring sensors market?
- What are the key market trends impacting the growth of the global brain monitoring systems market?
- What are the challenges to market growth?
- Who are the key vendors in the global brain monitoring devices market?
- What are the market opportunities and threats faced by the vendors in the global brain monitoring devices market?
- Trending factors influencing the market shares of the global brain monitoring devices market in Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global brain monitoring devices market
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