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DUBLIN--(BUSINESS WIRE)--Oct 31, 2022--
The "Brain Monitoring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global brain monitoring market reached a value of US$ 5.63 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 8.42 Billion by 2027, exhibiting a CAGR of 6.94% during 2021-2027.
Companies Mentioned
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Brain monitoring is a process that is widely utilized for monitoring neural and electrical activity by investigating the functionalities and structure of the brain. The procedure is done by using several brain monitoring devices, such as intracranial pressure monitors, electroencephalography (EEG) devices and magnetoencephalography (MEG), that track the brain functions effectively. By investigating the structure and function of the brain under the influence of anesthesia, these devices acquire the bilateral data and process the EEG signals to accurately diagnose neurological conditions.
Most of these devices are lightweight, portable, compact, cost-effective and powered by a single AAA battery. The most common neurological disorders that are monitored and treated with brain monitoring solutions include dementia, Huntington's disease, headache disorders, multiple sclerosis, epilepsy, Parkinson's disease, neuro infections, stroke, and cerebral palsy.
The market is primarily driven by the increasing prevalence of neurodegenerative diseases among the masses. This can be attributed to the considerable growth in the geriatric population that is susceptible to these disorders. With the advent of wireless technology, continual technological advancements and the miniaturization of medical devices, the size of various brain monitoring devices has been greatly reduced, which, in turn, is resulting in the greater adoption of these devices.
In line with this, the rising demand for non-invasive and minimally invasive procedures is providing an impetus to the market growth. Apart from this, the growing healthcare expenditure is also creating a positive outlook for the market on the global level. Some of the other factors that are further contributing to the market growth include continual developments in the healthcare infrastructure and extensive research and development (R&D) activities conducted by key players.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global brain monitoring market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, procedure, application and end user.
Breakup by Product Type:
Breakup by Procedure:
Breakup by Application:
Breakup by End User:
Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
Key Questions Answered in This Report:
For more information about this report visit https://www.researchandmarkets.com/r/js5jly
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KEYWORD:
INDUSTRY KEYWORD: BIOTECHNOLOGY HEALTH BIOMETRICS
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 10/31/2022 10:39 AM/DISC: 10/31/2022 10:39 AM
http://www.businesswire.com/news/home/20221031005516/en