Wireless Brain Sensor Market 2023 With Industry Competition Analysis, Major Players and Forecast 2030

The “Global Wireless Brain Sensor Market” report offers comprehensive insights into factors affecting demand, growth, opportunities, challenges, and limitations. It covers global and regional industry dynamics, including research & development, new product launches, and responses from leading players in both global and local markets. The report provides visual representations and regional breakdowns of the Wireless Brain Sensor Market.

Global Wireless Brain Sensor Market is valued at approximately USD 360 million in 2019 and is anticipated to grow with a healthy growth rate of more than 9.5% over the forecast period 2020-2027.

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Wireless brain sensor is a type of device that monitor intracranial temperature and pressure within the patients skull suffering from severe traumatic brain injuries, even patients with Parkinson diseases (PD). The prime aim of the wireless brain sensor is of safeguarding the patient from emergency situations. These devices often help in monitoring and observing the neurological deviations and offer support for enhancing the cognitive functionalities. Also, the accessibility of these sensor is quite easy from a remote area via a wireless connectivity and can incorporated with smart devices, such as smartphones, tablets, and other. Consequently, it can be monitored intermittently from a homecare environment thus creating the device more cost-efficient, thereby aiding the market growth worldwide. Furthermore, the surge in incidence of brain related disorder due to growing geriatric population, along with growing technological advancements in sensor are the few factors responsible for the CAGR of the market during the forecast period. According to the study of Global Burden of Disease 2015, the global prevalence of Parkinson’s diseases is approximately 6.2 million people and it would reach nearly 13 million people with Parkinson’s by the year 2040. Also, numerous Parkinson’s Disease Foundation reveals that roughly 60,000 Americans are diagnosed with PD each year. Thus, the rise in cases of brain related disorder is likely to promote the adoption of the wireless brain sensor all over the world. However, the stringent validation and safety regulations as well as compatibility issues regarding the product are the major factors that restricts the market growth over the forecast period of 2020-2027.

The regional analysis of the global Wireless Brain Sensor market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rise in number of neurological disorders, along with the large presence of market vendors in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rise in in burden of brain-related disorder due to growing geriatric population, coupled with surging adoption wireless brain sensor across developing countries, such as China and India, would create lucrative growth prospects for the Wireless Brain Sensor market across the Asia-Pacific region.

Major market player included in this report are:
Emotiv Inc.
Advanced Brain Monitoring, Inc.
NeuroSky, Inc.
Neuroelectrics
Brain Products GmbH
Evolent Health
Neuronetrix Solutions, LLC
Hangzhou Zhongheng Electric Co., Ltd.
Natus Medical Incorporated
Koninklijke Philips N.V.

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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:
Electroencephalography (EEG) devices
Sleep Monitoring Devices
Magnetoencephalography (MEG) devices
Transcranial Doppler (TCD) devices
Intracranial pressure (ICP) monitors
Accessories

By Application:
Dementia
Epilepsy
Stroke
Parkinson’s disease
Sleep Disorders
Traumatic Brain Injuries
Others

By End-Use:
Research institutes
Multi-specialty hospitals
Diagnostic centers
Others

By Region:
North America
: U.S., Canada
Europe: UK, Germany, France, Spain, Italy, Rest of Europe (ROE)
Asia Pacific: China, India, Japan, Australia, South Korea, Rest of Asia Pacific (RoAPAC)
Latin America: Brazil, Mexico, Rest of Latin America (RoLA)
Rest of the World

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Report Overview:

This research offers a comprehensive exploration of the emerging trends poised to shape the future business landscape. It delves deep into the pivotal factors driving the growth of the Wireless Brain Sensor market over the projected period. Furthermore, the report sheds light on strategic initiatives undertaken by leading industry players to fortify their market positions.

Market Dynamics:

Encompassing a global perspective, this study presents insights into the influential entities within the worldwide Wireless Brain Sensor market. It encompasses contact details, sales figures, and global market estimates. The research draws from reputable sources and institutions, aggregating a wealth of information and insightful analysis pertaining to the global Wireless Brain Sensor market.

Marketing Insights:

The study furnishes essential facts and statistics relevant for marketers, consultants, and decision-makers navigating the global Wireless Brain Sensor market landscape. With comprehensive regional breakdowns, this research offers a vital resource for newcomers venturing into the global Wireless Brain Sensor market. It encapsulates indispensable insights extracted from the Wireless Brain Sensor Market domain, facilitating informed decision-making processes.

This report covers several key questions related to the global Wireless Brain Sensor market, including:

  • What can be expected for the Wireless Brain Sensor market in the next decade?
  • What are the primary drivers of growth in the global Wireless Brain Sensor market?
  • Which technologies are likely to experience the most rapid growth, both by market and region?
  • How do opportunities within the Wireless Brain Sensor market vary based on the size of the end market?
  • What is the breakdown of Wireless Brain Sensor by type and application?
  • How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the Wireless Brain Sensor market?

Our most recent research report showcases the thriving expansion of the global Wireless Brain Sensor Market and offers in-depth insights into the projected market size, share, and revenue until 2031.

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