San Francisco, California, May 23, 2017: The growing prevalence of various neurological and neurodegenerative disorders has created a pressing need for brain monitoring devices. In a new report penned by TMR Research, titled “Brain Monitoring Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025, the rising adoption of non-invasive brain monitoring devices is expected to positively impact the brain monitoring market. The research offers in-depth insights into the key market dynamics, recent technological advancements, lucrative opportunities, market share and size of various segments, and strategic landscape.
The research study provides an elaborate analysis of the recent research activities influencing the development of innovative technologies. It takes a closer look at the regulatory landscape in major regions governing the approval of new products. The study also highlights major advances made in neurological sciences and their impact on emerging areas of applications for brain monitoring devices. The brain monitoring market is primarily driven by the rising incidence of various neurological diseases and their surging awareness among populations in various regions.
Over the past few years, there is marked increase in the incidence of conditions such as Alzheimer’s disease, epilepsy, and multiple sclerosis, which has led to the demand for advanced brain monitoring devices. The rise in number of traumatic injuries affecting the cognitive functions of brain and the increasing prevalence of sleep-related disorders have boosted the brain monitoring market. A host of brain monitoring devices are found to be helpful in in-home sleep monitoring and are considered promising for clinicians in the diagnosis and treatment of chronic insomnia. The increasing use of mobile systems and software by researchers for neurological research bodes well for the brain monitoring market. Numerous favorable regulations for the approval of medical devices for brain monitoring in advanced regions is expected to fuel the market in the coming years.
The paucity of trained clinicians for the use of brain monitoring devices has hindered the brain monitoring market to an extent. However, the increasing automation in brain monitoring technologies and the growing popularity of these devices for the analysis of physiological signals have led market players to explore new growth avenues. For instance, novel brain monitoring technologies are being used to predict team dynamics and to understand the preference of groups for certain activities. The emerging applications are expected to unlock exciting opportunities for medical device manufacturers. North America is one of the major markets for brain monitoring. The substantial demand for brain monitoring devices in this regional market is propelled by favorable reimbursement scenario, the growing incidence of sleep-related disorders, and constant product innovations. Meanwhile, Asia Pacific is expected to offer a host of lucrative avenues for market players to capitalize on. The impressive growth in this regional market is mainly attributed to the rising geriatric population suffering from various neurological diseases.
Some of the companies eyeing for a sustained share in the brain monitoring market are Siemens Healthineers, Electrical Geodesics Incorporated, GE Healthcare, Covidien PLC, Nihon Kohden Corporation, Natus Medical Inc., Advanced Brain Monitoring, CAS Medical Systems, Inc., and Philips Healthcare.