LONDON, Aug. 11, 2022 (GLOBE NEWSWIRE) — According to The Business Research Company’s research report on the brain monitoring market, the increasing incidence and prevalence of neurological disorders are expected to propel the growth of the brain monitoring market to the future. Cerebral monitoring is defined as the use of instruments for the evolution of a neurological lesion. Brain monitoring is used in neurological disorders to improve the accuracy and reliability of information about the intensity of neurological injury. For example, according to the World Health Organization (WHO) report, the global incidence of neurological health conditions is expected to reach nearly 103 million by 2030. Hence, the growing demand for increased incidence and prevalence of neurological disorders is driving the growth of the brain monitoring market.
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Global brain monitoring market size is expected to grow from $6.00 billion in 2021 to $6.66 billion in 2022 at a compound annual growth rate (CAGR) of 11%. The Global Brain Monitoring Market Size is Expected to Reach $9.14 billion in 2026 at CAGR of 8.2%.
Technological advancements are gaining popularity among brain monitoring market trends. Major companies operating in the brain monitoring industry are focusing on developing new technological solutions to strengthen their position. For example, in June 2020, researchers at the University of Helsinki created an artificial intelligence (AI) technique to analyze viewpoints and draw conclusions based on the group’s brain activity, making testing more efficient and allowing devices to read images directly from the EEG. This infusion has a variety of applications such as clinical diagnostics, soft bioelectronics, wearable devices, and robotics, which are helping the brain monitoring market grow worldwide.
Key players in the brain monitoring market are Natus Medical Inc., Nihon Kohden Corporation, Philips Healthcare, GE Healthcare, Compumedics Ltd., Medtronic, Edwards Lifesciences Corporation, Advanced Brain Monitoring, Masimo Corporation, Spiegelberg GmbH & Co. KG, Cadwell Industries, Elekta AB, Drägerwerk AG & Co. KGaA and Electrical Geodesics.
The global brain monitoring market segmentation is categorized by product into magnetoencephalograph, electroencephalograph, cerebral oximeters, functional magnetic resonance imaging (fMRI), intracranial pressure monitors, others; by invasive or non-invasive procedure; by application in Parkinson’s disease, traumatic brain injury, epilepsy, dementia, sleep disorders, others; by the end user in hospitals and clinics, neurology centers, outpatient surgery centers, diagnostic centers, etc.
According to the brain monitoring market analysis, North America was the greater region on the market in 2021. Asia Pacific should be the fastest growing region in the global brain monitoring market over the forecast period. Regions covered in the Global Brain Monitoring Industry Outlook are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle -East and Africa.
Global Brain Monitoring Market Report 2022 – Global Market Size, Trends and Forecasts 2022-2026 is part of a series of new reports by The Business Research Company that provide insights into the Brain Monitoring market, analyze Brain Monitoring Market and forecast market size and growth for the overall market, Brain Monitoring Market segments and geographies, Brain Monitoring Market trends, Brain Monitoring Market drivers Brain, Brain Monitoring Market constraints, revenue, profiles and market shares of top Brain Monitoring Market competitors in 1000+ industry reports, covering 2500+ market segments and 60 geographies.
The report also gives an in-depth analysis of the impact of COVID-19 on the market. The reports are based on 150,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders. A highly experienced and expert team of analysts and modellers provide market analysis and forecasts. The reports identify key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
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