Brain Monitoring Market to reach USD 8.63 billion by 2027.Global Brain Monitoring Market to reach USD 8.63 billion by 2027.
Brain Monitoring Market is valued approximately at USD 5.48 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 6.7% over the forecast period 2021-2027. Brain monitoring is EEG test which is performed for detecting various risks of hemorrhage, infection, and it is used to record any kind of l activity of the brain. The global Brain Monitoring market is being driven by increasing incidence and prevalence of neurological disorders and growing incidence of traumatic brain injuries. Furthermore, increasing demand for non-invasive and minimally invasive devices and expanding therapeutic applications of brain monitoring devices will provide new opportunities for the global Brain Monitoring industry.
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For instance, According to WHO data, in year 2019, about 50 million people were suffering from dementia across the globe, with nearly around 10 million cases registered each year. It has also been reported that in year 2019, worldwide, the number of people suffering with epilepsy was about 50 million. As a result, increase in various neurology disease will necessitate the use of brain monitoring in the treatment of different neurological problems, which will serve as a catalyst for the Brain Monitoring industry in the future. However, high cost of complex brain monitoring procedures and devices and unfavorable reimbursement policies, may impede market growth over the forecast period of 2021-2027.
Asia Pacific, North America, Europe, Latin America, and Rest of the World are the key region considered for the regional analysis of global brain monitoring market. Growing incidence of neurological diseases and a growing number of clinical trials of brain monitoring products makes North America the leading region across the world in terms of market share. Whereas North America is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to the availability of medical reimbursement in the US.
Major market player included in this report are:
Natus medical, Inc.
Nihon kohden Corporation
Philips healthcare
GE healthcare
Siemens healthineers
Compumedics limited
Medtronic plc
Edwards lifesciences Corporation
Advanced brain monitoring, inc.
Dr??gerwerk ag & co. kgaa
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Product Type:
MRI scanners
CT scanners
EEG Condition
PET scanners
TCD Condition
MEG Condition
ICP monitors
Cerebral oximeters
EMG Condition
By Medical Condition:
Traumatic brain injury
Stroke
Dementia
Headache disorders
Sleep disorders
Parkinson’s disease
Epilepsy
Huntington’s disease
Other medical conditions
By End use:
Hospital
Neurology Centres
Ambulatory surgery center & clinics
Diagnostic centres
Others
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Market research objective you provided focuses on conducting a comprehensive analysis of a specific market. Here is a breakdown of the research objectives you mentioned:
To analyze and forecast the market size of the market:
- This objective involves assessing the current market size and using historical data and market trends to forecast its future size.
- This analysis helps in understanding the market’s growth potential and opportunities.
To classify and forecast the global market based on product, material, application, and region:
- This objective aims to categorize the market based on different factors such as product types, materials used, applications, and geographical regions.
- It also involves forecasting the market size and growth for each category, providing a detailed understanding of market segmentation.
To identify drivers and challenges for the global market:
- This objective focuses on identifying the factors that drive market growth and those that pose challenges or constraints.
- Understanding the drivers helps in recognizing opportunities, while understanding the challenges allows for mitigation strategies and informed decision-making.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations, and partnerships in the market:
- This objective involves analyzing the competitive landscape of the market. It includes studying activities such as mergers and acquisitions, agreements, collaborations, and partnerships among market players.
- This analysis provides insights into the market’s competitive dynamics and strategic moves by key players.
To conduct pricing analysis for the market:
- This objective aims to analyze pricing strategies within the market. It involves assessing pricing trends, price variations based on different factors, and understanding price sensitivity among customers.
- This analysis helps in formulating effective pricing strategies for market players.
To identify and analyze the profile of leading players operating in the market:
- This objective involves profiling and analyzing the key players in the market. It includes studying their business strategies, financial performance, product portfolios, market share, and competitive advantages.
- This analysis helps in understanding the competitive landscape and benchmarking against industry leaders.
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