Global Brain Monitoring Market Is Anticipated To Raise At A Cagr Of ~6-7% By 2026: Transforming Brain Health

By Author: Tejashri
Total Articles: 61
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The aim of brain monitoring is to identify altered or pathological neurological function as soon as possible so that the appropriate treatment can be administered before irreversible harm occurs.

The Brain Monitoring Market is expected to grow at a rate of ~6-7% by 2026. Some of the major factors propelling the global brain monitoring market include the rising prevalence of neurological disorders, technological developments in brain monitoring devices, increased prevalence of traumatic brain injuries, rising demand for non-invasive and minimally invasive devices, increased use of brain monitoring in clinical trials, and expanding therapeutic applications of brain monitoring devices.

Growing Demand for Non-Invasive Brain Monitoring Techniques for Measuring Intracranial Pressure Drives the Market

Non-invasive monitoring methods provide a reliable alternative to invasive methods. ICP monitors, transcranial doppler, electroencephalogram, near-infrared spectroscopy, and other techniques are available and can be utilized in a variety of situations. Citing the growing demand for non-invasive techniques, several ...
... players have launched innovative products which are expected to propel the market in the coming years.

For instance,

In September 2021, NeuroWave Systems Inc. announced the FDA clearance of its NeuroSENSE® NS-901 Monitor
In August 2020, IRRAS AB announced the first patient treatment using the Hummingbird Solo

Increase in Usage of Electroencephalogram (EEG) for Diagnosing Neurological Disorder Propels the Brain Monitoring Market

An EEG is a test that detects abnormalities in brain waves or the brain’s electrical activity. The EEG is utilized to evaluate several types of brain disorders such as monitoring blood flow in the brain during surgical procedures determining the overall electrical activity of the brain, Alzheimer’s disease, certain psychosis, and a sleep disorder called narcolepsy, epilepsy, etc.

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Potential of Brain Monitoring Using Sensors, Wearables, and Mobile Devices Boost the Market

Rapid technological advances have been witnessed in the area of portable EEG monitoring, sleep assessment, gait analysis, cognitive function testing, eye tracking, and voice analysis.

For instance:

Interaxon Inc. launched the second generation of its popular EEG meditation & sleep headband, Muse S
NeuroSky developed ZenZone’s apps designed to receive feedback data from the body via a sensor, which helps the app understand the state of mind and body

Growing Adoption of Brain Multimodality Monitoring in Neurocritical Care of Comatose Patients Fuels the Demand

Neurocritical care patients are at risk of developing secondary brain injury. Multimodality monitoring (MMM) involves the use of a variety of tools to monitor changes in brain metabolism, perfusion, and oxygenation in order to modify therapy before irreversible injury occurs.

Key Constraints/ Challenges: Brain Monitoring Market

Some of the major factors that are anticipated to hamper the growth of the brain monitoring market are high costs associated with the complex brain monitoring procedures and devices, unfavorable reimbursement policies, and a shortage of trained professionals.

North America Holds the Largest Share in the Global Brain Monitoring Market

North America currently holds a major share in the global brain monitoring market. This can be mainly attributed to the growing adoption of technologically advanced brain monitoring devices, rising awareness regarding neurodegenerative disorders, and increasing applications in clinical trials in the region.

Organic and Inorganic Growth Strategies Adopted by Players to Establish Their Foothold in the Brain Monitoring Market

Players operating in the brain monitoring market are implementing organic and inorganic growth strategies such as collaborations, acquisitions, and new product launches to garner market share.

For instance,

In July 2022, Philips announced that they have received U.S. Food and Drug Administration (FDA) 510(k) clearance for their SmartSpeed artificial intelligence (AI) powered MR acceleration software
In October 2021, Brain Scientific announced that they have received FDA Clearance for Next-Gen NeuroCap EEG Headset, an advanced Electroencephalogram (EEG) electrode array

Competitive Landscape Analysis of Brain Monitoring Market

Some of the key players operating in the global brain monitoring market include Natus Medical Inc., Nihon Kohden Corporation, Philips Healthcare, and Siemens Healthineers, among others.

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