Brain Monitoring Market Analysis & Forecast, 2020 – 2025

The global brain monitoring market generated revenue of US$ 5.5 billion in 2020 and is expected to reach US$ 7.5 billion by 2025 with a CAGR of 6.5% in the forecast period. Growing incidences of neurological disorders & brain injury, growing geriatric population, and increasing investment in the medical sector to provide advanced research & treatment are the key factors driving the growth of the global brain monitoring market.

The brain monitoring market report offers a comprehensive market analysis of the different segments and regions that lets readers make crucial business-related decisions with a wealth of information enclosed in this report. The research report offers both qualitative and quantitative information on the global brain monitoring market. In qualitative terms, the brain monitoring market report provides insights into numerous factors, such as market determinants, value chain analysis, emerging trends, growth opportunity analysis, porters five-force model analysis and macro-economic factors, segment analysis, regional analysis at a granular level. Similarly, in quantitative terms, the report provides historical and forecast market numbers of brain monitoring in various segments such as by at product type, application, and end-user at global, regional, and country-level. Also, the report provides a detailed analysis of the market vendors and their product offerings. The report also covers details of the competitive market environment and includes information on the capabilities and competencies of market vendors.

Segment Analysis

• The electroencephalography (EEG) devices segment accounts for the dominating position in the market.  
  • Based on product types, the brain monitoring market is segmented into electroencephalography (EEG) devices, magnetoencephalography (MEG) devices, transcranial doppler (TCD) devices, intracranial pressure (ICP) monitors, cerebral oxi-meters, magnetic resonance imaging (MRI) devices, computerized tomography (CT) devices, positron emission tomography (PET) devices, sleep monitoring devices, electromyography (EMG) devices and accessories (electrodes, cables, caps, pastes & gels, sensors, and others). The electroencephalography (EEG) device segment holds a leading market position in 2020 and is expected to rise at the fastest CAGR during the forecast period. Owing to a rise in the number of cases of neurological, neurodegenerative, psychological, sleep disorders, and brain injury, the need for early diagnosis and advanced care is growing which accelerated the demand for electroencephalography (EEG) device in the market. 
• Traumatic brain injury (TBI) application is expected to grow with the highest CAGR in the forecast period.
  • Based on the application, the brain monitoring market is segmented into traumatic brain injury (TBI), stroke, dementia, sleep disorders, Parkinson’s disease, epilepsy, Huntington’s diseases, and others. The traumatic brain injury (TBI) segment holds a dominant market position in 2020 and is expected to grow with the highest CAGR during the forecast period. The growing cases of TBIs worldwide are a major factor that provides a dominating position to the segment in the market, which leads to strong demand for surveillance of these incidents, allowing comprehensive use of brain tracking equipment. 
• The hospital segment accounts for the dominating position in the market. 
  • Based on end-user, the brain monitoring market is segmented into diagnostic centers, hospitals, Neurology Centers, Ambulatory Surgery Centers (ASCs) & Clinics, and Others. The hospital segment holds the dominating position in the market in 2020 and is expected to grow with the highest CAGR during the forecast period. Brain monitoring systems are quite expensive and it requires professional expertise for operating these systems and also, hospitals are comprised of a large pool of patients compared to other medical facilities. Thus, the hospital segment is providing steady growth to the brain monitoring market. 
• North America accounts for the dominating position in the market. 
  • Based on the region, the brain monitoring market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is expected to contribute to the larger market share in 2020. The United States and Canada are the largest market-driven countries in this region. This can be due to the growing prevalence of neurological disorders, the increasing number of brain monitoring systems in a clinical trial. Moreover, Asia Pacific is projected to rise at the fastest CAGR in the forecast period. China, India, and Japan are some of the major market-driven countries in this region. The growth of the brain monitoring market in the Asia-Pacific region is primarily led by growing investment in the medical sector. 
• Major market players:
  • Some of the major players in the brain monitoring market are 
    • Cadwell Industries
    • CAS Medical systems
    • Compumedics Ltd.
    • Covidien PLC
    • Dragerwork AG & Co.
    • GE Healthcare
    • Integra Lifesciences Corporation
    • Integra Lifesciences Corporation
    • Mallard Corporation.
    • Masimo Corporation
    • Medtronic
    • Natus Medical, Inc.
    • Neuro soft Rimed
    • Neurowave Systems Inc.
    • Nihon Kohden Corporation 
  • The study also focuses on different business or inorganic market growth strategies through technology advancement, business expansion, alliances, and mergers and acquisitions to create disruptive technologies and consumer networks. 
• Key questions the report answers
  • Which factors will contribute to a change in the demand for brain monitoring during the evaluation phase?
  • What are the major driving factors that accelerate the growth of the market?
  • What are the restraints which hinders the growth of the market?
  • What segment offers the most development opportunities?
  • Which region provides the key growth opportunity to the market?
  • Who are the major industry players?
  • What are the key strategies adopted by the market players?