Global Brain Monitoring Market
Brain Monitoring Market
The market for brain monitoring devices has been estimated at USD XX billion in 2016 and is projected to reach USD XX billion by 2021, at a CAGR of X% in the forecast period from 2016 to 2021. Brain monitoring is the observation a recording of several brain parameters over time. The most common brain monitoring procedure is electroencephalography (EEG). It is the recording of electrical activity of brain along the scalp. Voltage fluctuations resulting from ionic current flows within the neurons of the brain are measured in EEG. Multiple electrodes are placed on the scalp and the brains spontaneous electrical activity is recorded over a short duration of time.
EEG is widely used to diagnose epilepsy, sleep disorders, brain death, and encephalopathy. Intracranial pressure monitors are used to record the activity of brain of patients suffering from severe traumatic brain injury. The most widely used method to measure intracranial pressure is by inserting a catheter into the cranium. EEG is used in hospitals, laboratories, clinics and in home settings.
The global brain monitoring devices market is driven by the rise in number of incidences of brain disorders, and ageing demographic. However, the market is constrained due to the lack of skilled personnel to handle monitoring devices and uncertain reimbursement policies.
The global brain monitoring devices market has been segmented by product type: 8-channel EEG, 21-channel EEG, 25-channel EEG, 32-channel EEG, 40-channel EEG and multi-channel EEG; by modality: portable EEG devices and fixed devices and by end user: hospitals and diagnostic centres.
The global brain monitoring devices market has been geographically segmented into Asia Pacific, Europe, Middle East and North Africa (MENA), North America, and Rest of the World, with North America dominating the market. Asia Pacific is also an emerging market which has a scope for growth and can potentially dominate the market in the future.
The use of EEGs in continuous neurological disease monitoring has opened growth opportunities for brain monitoring devices globally. The major companies dominating the market with its products, services and continuous product developments are Elekta A.B., Natus Medical, Neurosoft Limited, Cadwell Laboratories, BrainScope Company, Bio-Signal Group, Neurowave Systems and others. However, the global brain monitoring market is challenged by pricing pressure and competition.
Key Deliverables in the Study
Market analysis for the global brain monitoring market, with region specific assessments and competition analysis on global and regional scales.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market shares.
Identification and analysis of the macro and micro factors that affect the global brain monitoring market on both global and regional scales.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
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