According to MRFR analysis, the X-Ray system segment in the Global Brain Monitoring Devices Market size held the largest market share and is expected to reach USD 14,668.99 Million by 2030.
The increasing miniaturization and affordability of sensors and circuitry have led to the growing level of innovation in the area of wearable and microsensor solutions for health monitoring. This enables the development of solutions that can be used to measure complex health outcomes in non-specialist and remote settings. Further, in this study innovations related to brain monitoring including portable and wearable solutions to directly measure brain electrical, activity, and solutions measuring aspects related to brain function such as sleep patterns, gait, cognition, voice acoustics, and gaze analysis are analyzed to understand the technological advancements in the global and regional scenario.
Some of the key players in the Global Brain Monitoring Devices Market are Advanced Brain Monitoring, Philips Healthcare, GE Healthcare, Siemens Healthineers, Nihon Kohden Corporation, Medtronic, Drägerwerk AG & Co. KGaA, Neurosoft, Integra LifeSciences Corporation, and Olympus Corporation, among others.
The Global Brain Monitoring Devices Market has been segmented based on Type, Application, and End User. The market, based on type, has been divided into X-Ray, Electromyography (EMG), Intracranial Pressure (ICP), Magnetoencephalography (MEG), Transcranial Doppler (TCD), Magnetic Resonance Imaging (MRI), Computerized Tomography (CT), Positron Emission, Tomography (PET), Electroencephalograph (EEG), Sleep Monitoring, Cerebral Oximeters, Accessories. On the basis of application, the market is segmented into Headache Disorders, Sleep, Disorders, Parkinson’s Disease, Epilepsy, Huntington's Disease, Traumatic Brain Injury (TBI), Stroke, Dementia. Further on the basis of end-user, the market is segmented into Hospitals & Clinics, Ambulatory Surgical Centers, Neurological Centers, Diagnostics Centers, and others.
The Global Brain Monitoring Devices Market, on the basis of region, is divided into the Americas, Europe, Asia Pacific, and the Middle East and Africa. The Americas accounted for the largest market share in the global brain monitoring devices market. The large share is majorly attributed to the presence of major manufacturers, increasing technological advancement in brain monitoring, increasing neuroradiologists and neurosurgeons, and a large number of individuals suffering strokes among others
Europe accounted for the second-largest market share whereas Asia Pacific is expected to grow at the fastest CAGR for the forecasted period. With lots of opportunities and rapidly growing economies, Asia-Pacific is expected to be the fastest-growing regional market. Factors such as recent healthcare developments, improving economies, disposable income per individual, and increased healthcare spending are influencing the growth of the market. The Middle East and Africa with less economic developments and extremely low income accounted for the least brain monitoring market share in 2018 but is expected to grow with the increasing number of cases of neurological disorder and increasing demand for better treatments in the region.
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