Brain Monitoring Market: Information by Product (Device), Application (Parkinson’s Disease), End-User (Hospitals), and Region — Forecast till 2029

Feb 18, 2021   Brain monitoring devices are used to track and diagnose neurological disorders by studying the shape and functionality of the brain. This method includes the use of various brain imaging instruments to monitor brain processes, such as electroencephalography devices, intracranial pressure sensors, and magnetoencephalography. Furthermore, these methods help map neuronal and electrical activity in the brain. At present, there is a rise in demand from health care professionals for electroencephalogr...
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Report Description

Brain monitoring devices are used to track and diagnose neurological disorders by studying the shape and functionality of the brain. This method includes the use of various brain imaging instruments to monitor brain processes, such as electroencephalography devices, intracranial pressure sensors, and magnetoencephalography. Furthermore, these methods help map neuronal and electrical activity in the brain. At present, there is a rise in demand from health care professionals for electroencephalography instruments.

The brain monitoring market was estimated at USD 6,150 million in 2019 and is expected to grow with a CAGR of 6.3% during the forecast period.

Brain-Monitoring-Market

Rapidly Rising Prevalence of Neurological Disorders

The increasing prevalence of neurological disorders, such as epilepsy, dementia, stroke, Parkinson’s disease, and Alzheimer’s, are driving the need for brain monitoring devices. According to the WHO statistics, in September 2019, about 50 million people across the world were affected by dementia, and nearly 10 million new cases are registered every year. It is also predicted to increase by up to 75 million by 2030.

Further, more than 50 million people have epilepsy and approximately 80% of people with epilepsy live in low- and middle-income countries. The American Academy of Neurology states that stroke is the third leading cause of death and Alzheimer's ranked 6th in the U.S. Statistics from the same source suggest that with at least 60,000 new cases identified annually, Parkinson's affects almost 1 million Americans every year.

Brain-Monitoring-Market-Growth

Technological Advancements in the Field of Revolutionizing Brain Monitoring Industry 

The advent of wireless brain sensors has created lucrative opportunities for the market in the coming years. Implantation of sensors in the brain, along with safety concerns associated with the use of these sensors has been a concern. Nonetheless, recent advancements have resolute such divergences. In 2016, researchers developed a biocompatible brain implant that can monitor brain injury completely. Further, the device is capable of complete dissolution into the surrounding soft tissue after the requirement gets over.

These sensors are made of green electronic natural materials that are fully biodegradable and biocompatible and designed to work smaller time duration and then completely dissolve into the cerebrospinal fluid, over about a day, when immersed. For safety concerns, in animal testing phases no inflammations were located conforming to the complete biocompatibility of the device. In 2020, Neuralink revealed reports of effective wireless sensor implantation on pigs. The objective was to implant wireless brain-computer interfaces that treat several neurological conditions using AI.

Brain Monitoring Market: Segmentation

Electroencephalography (EEG) Segment to Register Robust Growth

Electroencephalography (EEG) devices record electrical activity in the scalp triggered by the firing of brain nerves.  The device assists in the evaluation of the brain's electrical activity. The signals captured are digitalized and amplified and then sent for data analysis and retrieval to a smartphone or computer. Individuals may also use this system by tracking their feelings and mood to maximize their health and productivity. In neurology, the key diagnostic application of EEG is in the case of epilepsy, as epileptic activity can produce clear abnormalities on a standard EEG study. Also, EEG is used in the diagnosis of coma, encephalopathy, and brain death.

Recently, Masimoacquired FDA clearance for next-generation SedLine brain function monitoring. SedLineaids clinicians monitor the state of the brain under anesthesia, with bilateral acquisition and processing of four leads of electroencephalogram (EEG) signals. Furthermore, In March 2018, Nihon Kohden launched aireeg WEE-1200, a wireless electroencephalogram (EEG) system that provides real-time data during long-term epilepsy monitoring, intensive care, and routine EEG.

Traumatic Brain Injuries (TBI)to Lead the Application Segment

TBIs cause chronic or temporary impairment of the brain due to a hit, knock, or shock to the head. Sports incidents, crashes, bullet wounds, domestic violence, and road traffic collisions are significant causes of TBIs. TBI is one of the leading causes of morbidity and mortality globally and is a significant public health issue. Each year, around 1.5 million Americans suffering from TBI are treated, according to a report published by the CDC in 2020.

About 414,000 TBIs were registered by U.S. service members between 2000 and late 2019, according to the Defense and Veterans Brain Injury Center (DVBIC). On average, among U.S. service members, around 1,600 TBIs occur each month. Therefore, owing to a growing number of sports incidents, traffic crashes, and explosive explosions, the increasing occurrence of TBIs is expected to fuel market growth in the brain monitoring market during the forecast era.

Regional Overview

North-America-Lead-Brain-Monitoring-Market

Escalating Prevalence of Brain-Related Disorders in North America 

The U.S. currently leads the North American brain monitoring market and its stronghold is expected to sustain for a few more years mainly due to the rising prevalence of neurological disorders. It has been estimated that one in every four American adults suffer from a diagnosable psychiatric illness in any given year, according to the U.S. National Institute of Mental Health (NIMH), and about 6% suffer from severe disabilities. The same source has also reported that in the U.S., the overall burden of the severe mental disease reaches about USD 317 billion a year. Per year, about 70,000 people in the U.S. suffer from stroke, of which 23.0% of strokes are fatal or cause permanent disability.

Besides, there is a significant growth in the number of road injuries, contributing to an increase in the demand for brain monitoring devices. The Association for Safe International Road Travel (ASIRT) reported that in the U.S., more than 38,000 people die in road accidents per year and around 4.4 million are injured or disabled.

The growth of the U.S market is also influenced by factors such as elevated government expenditure and increasing technical developments (including the production of mobile EEG machines, real-time tracking, and alerts). According to the Centers for Medicare and Medicaid Programs (CMS), from 2018 to 2027, the U.S. national health expenditure is expected to rise at a 5.5% average per year and is estimated to hit USD 6.0 trillion by 2027.

A surge in the number of road accidents to fuel the expansion of the Indian brain monitoring market

The brain monitoring market in the Asia-Pacific is expected to witness a significant growth rate during the forecast period. Concerning minimally invasive approaches, the presence of a large target audience and high unmet needs is expected to present substantial growth opportunities for the key players operating in the industry. Moreover, due to low-cost amenities, an increase in the number of clinical trials, and strong R&D investments by global industry players are high-impact market drivers.

In 2016, around 494,624 individuals became injured in road collisions, according to the Government of India's Ministry of Road Transport and Highways. From 2007 to 2017, the number of wounded people from traffic accidents rose by 25.6%. Uttar Pradesh (25,096), Tamil Nadu (82,163), Maharashtra (35,884), and Karnataka were the states that recorded the largest number of road accidents in 2016 (54,556). Increasing incidences of road crashes and falls are projected to drive the brain monitoring market during the forecast period.

Key Players

  • Medtronic Plc.
  • Nihon Kohden Corporation
  • Philips Healthcare
  • GE Healthcare
  • Siemens Healthineers
  • Advanced Brain Monitoring
  • Masimo Corporation
  • NeuroWave Systems Inc.
  • Resmed, Inc.
  • NatusMedical Incorporated

Recent Developments

  • In December 2019, Advanced Brain Monitoring Inc. cleared the clinical trials for Stat X-Series mobile EEG systems. The device provides practical and economical solutions for on-call and portable EEG in minutes to healthcare specialists.
  • In 2018, GE Healthcare launched the SIGNA Premier 3.0T magnetic resonance imaging (MRI) system in Canada.

Brain Monitoring Market: Segmentation

By Product

  • Device
    • Computerized Tomography (CT) Scanners
    • Magnetic Resonance Imaging (MRI) Scanners
    • Positron Emission Tomography (PET) Scanners
    • Electroencephalograph (EEG) Devices
    • Electromyography (EMG) Devices
    • Magnetoencephalography (MEG) Devices
    • Transcranial Doppler (TCD) Devices
    • Sleep Monitoring Devices
    • Intracranial Pressure (ICP) Monitors
    • Cerebral Oximeters
  • Accessories
    • Electrodes
    • Sensors
    • Caps
    • Pastes and Gels
    • Batteries

By Application

  • Parkinson’s Disease
  • Traumatic Brain Injury
  • Epilepsy
  • Dementia
  • Stroke
  • Other Applications

By End-User

  • Hospitals
  • Neurology Centers
  • Diagnostic Centers

By Region

  • America
  • Europe
  • Asia-Pacific
  • The Middle-East and Africa

Frequently Asked Questions (FAQs)

Medtronic Plc., Nihon Kohden Corporation, Philips Healthcare, GE Healthcare, Siemens Healthineers, Advanced Brain Monitoring, Masimo Corporation, NeuroWave Systems Inc., Resmed, Inc., NatusMedical Incorporate are the top players in Brain Monitoring Market.
In 2019 Global Brain Monitoring Market was valued at USD 6,150 million.
Electroencephalography Segment is expected to be the leading segment in Brain Monitoring Market during the forecast period.
North America is expected to hold the highest market share in Brain Monitoring Market.
The increasing prevalence of neurological disorders, technological advancements in the field of revolutionizing brain monitoring industry are the key factors expected to drive Brain Monitoring Market during the forecast period.
The brain monitoring market was estimated at USD 6,150 million in 2019 and is expected to grow with a CAGR of 6.3% during the forecast period.
Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available at all times and included in every purchase.
We will send you an email with login credentials to access the report. You will also be able to download the pdf.
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Brain monitoring devices are used to track and diagnose neurological disorders by studying the shape and functionality of the brain. This method includes the use of various brain imaging instruments to monitor brain processes, such as electroencephalography devices, intracranial pressure sensors, and magnetoencephalography. Furthermore, these methods help map neuronal and electrical activity in the brain. At present, there is a rise in demand from health care professionals for electroencephalography instruments.

The brain monitoring market was estimated at USD 6,150 million in 2019 and is expected to grow with a CAGR of 6.3% during the forecast period.

Brain-Monitoring-Market

Rapidly Rising Prevalence of Neurological Disorders

The increasing prevalence of neurological disorders, such as epilepsy, dementia, stroke, Parkinson’s disease, and Alzheimer’s, are driving the need for brain monitoring devices. According to the WHO statistics, in September 2019, about 50 million people across the world were affected by dementia, and nearly 10 million new cases are registered every year. It is also predicted to increase by up to 75 million by 2030.

Further, more than 50 million people have epilepsy and approximately 80% of people with epilepsy live in low- and middle-income countries. The American Academy of Neurology states that stroke is the third leading cause of death and Alzheimer's ranked 6th in the U.S. Statistics from the same source suggest that with at least 60,000 new cases identified annually, Parkinson's affects almost 1 million Americans every year.

Brain-Monitoring-Market-Growth

Technological Advancements in the Field of Revolutionizing Brain Monitoring Industry 

The advent of wireless brain sensors has created lucrative opportunities for the market in the coming years. Implantation of sensors in the brain, along with safety concerns associated with the use of these sensors has been a concern. Nonetheless, recent advancements have resolute such divergences. In 2016, researchers developed a biocompatible brain implant that can monitor brain injury completely. Further, the device is capable of complete dissolution into the surrounding soft tissue after the requirement gets over.

These sensors are made of green electronic natural materials that are fully biodegradable and biocompatible and designed to work smaller time duration and then completely dissolve into the cerebrospinal fluid, over about a day, when immersed. For safety concerns, in animal testing phases no inflammations were located conforming to the complete biocompatibility of the device. In 2020, Neuralink revealed reports of effective wireless sensor implantation on pigs. The objective was to implant wireless brain-computer interfaces that treat several neurological conditions using AI.

Brain Monitoring Market: Segmentation

Electroencephalography (EEG) Segment to Register Robust Growth

Electroencephalography (EEG) devices record electrical activity in the scalp triggered by the firing of brain nerves.  The device assists in the evaluation of the brain's electrical activity. The signals captured are digitalized and amplified and then sent for data analysis and retrieval to a smartphone or computer. Individuals may also use this system by tracking their feelings and mood to maximize their health and productivity. In neurology, the key diagnostic application of EEG is in the case of epilepsy, as epileptic activity can produce clear abnormalities on a standard EEG study. Also, EEG is used in the diagnosis of coma, encephalopathy, and brain death.

Recently, Masimoacquired FDA clearance for next-generation SedLine brain function monitoring. SedLineaids clinicians monitor the state of the brain under anesthesia, with bilateral acquisition and processing of four leads of electroencephalogram (EEG) signals. Furthermore, In March 2018, Nihon Kohden launched aireeg WEE-1200, a wireless electroencephalogram (EEG) system that provides real-time data during long-term epilepsy monitoring, intensive care, and routine EEG.

Traumatic Brain Injuries (TBI)to Lead the Application Segment

TBIs cause chronic or temporary impairment of the brain due to a hit, knock, or shock to the head. Sports incidents, crashes, bullet wounds, domestic violence, and road traffic collisions are significant causes of TBIs. TBI is one of the leading causes of morbidity and mortality globally and is a significant public health issue. Each year, around 1.5 million Americans suffering from TBI are treated, according to a report published by the CDC in 2020.

About 414,000 TBIs were registered by U.S. service members between 2000 and late 2019, according to the Defense and Veterans Brain Injury Center (DVBIC). On average, among U.S. service members, around 1,600 TBIs occur each month. Therefore, owing to a growing number of sports incidents, traffic crashes, and explosive explosions, the increasing occurrence of TBIs is expected to fuel market growth in the brain monitoring market during the forecast era.

Regional Overview

North-America-Lead-Brain-Monitoring-Market

Escalating Prevalence of Brain-Related Disorders in North America 

The U.S. currently leads the North American brain monitoring market and its stronghold is expected to sustain for a few more years mainly due to the rising prevalence of neurological disorders. It has been estimated that one in every four American adults suffer from a diagnosable psychiatric illness in any given year, according to the U.S. National Institute of Mental Health (NIMH), and about 6% suffer from severe disabilities. The same source has also reported that in the U.S., the overall burden of the severe mental disease reaches about USD 317 billion a year. Per year, about 70,000 people in the U.S. suffer from stroke, of which 23.0% of strokes are fatal or cause permanent disability.

Besides, there is a significant growth in the number of road injuries, contributing to an increase in the demand for brain monitoring devices. The Association for Safe International Road Travel (ASIRT) reported that in the U.S., more than 38,000 people die in road accidents per year and around 4.4 million are injured or disabled.

The growth of the U.S market is also influenced by factors such as elevated government expenditure and increasing technical developments (including the production of mobile EEG machines, real-time tracking, and alerts). According to the Centers for Medicare and Medicaid Programs (CMS), from 2018 to 2027, the U.S. national health expenditure is expected to rise at a 5.5% average per year and is estimated to hit USD 6.0 trillion by 2027.

A surge in the number of road accidents to fuel the expansion of the Indian brain monitoring market

The brain monitoring market in the Asia-Pacific is expected to witness a significant growth rate during the forecast period. Concerning minimally invasive approaches, the presence of a large target audience and high unmet needs is expected to present substantial growth opportunities for the key players operating in the industry. Moreover, due to low-cost amenities, an increase in the number of clinical trials, and strong R&D investments by global industry players are high-impact market drivers.

In 2016, around 494,624 individuals became injured in road collisions, according to the Government of India's Ministry of Road Transport and Highways. From 2007 to 2017, the number of wounded people from traffic accidents rose by 25.6%. Uttar Pradesh (25,096), Tamil Nadu (82,163), Maharashtra (35,884), and Karnataka were the states that recorded the largest number of road accidents in 2016 (54,556). Increasing incidences of road crashes and falls are projected to drive the brain monitoring market during the forecast period.

Key Players

  • Medtronic Plc.
  • Nihon Kohden Corporation
  • Philips Healthcare
  • GE Healthcare
  • Siemens Healthineers
  • Advanced Brain Monitoring
  • Masimo Corporation
  • NeuroWave Systems Inc.
  • Resmed, Inc.
  • NatusMedical Incorporated

Recent Developments

  • In December 2019, Advanced Brain Monitoring Inc. cleared the clinical trials for Stat X-Series mobile EEG systems. The device provides practical and economical solutions for on-call and portable EEG in minutes to healthcare specialists.
  • In 2018, GE Healthcare launched the SIGNA Premier 3.0T magnetic resonance imaging (MRI) system in Canada.

Brain Monitoring Market: Segmentation

By Product

  • Device
    • Computerized Tomography (CT) Scanners
    • Magnetic Resonance Imaging (MRI) Scanners
    • Positron Emission Tomography (PET) Scanners
    • Electroencephalograph (EEG) Devices
    • Electromyography (EMG) Devices
    • Magnetoencephalography (MEG) Devices
    • Transcranial Doppler (TCD) Devices
    • Sleep Monitoring Devices
    • Intracranial Pressure (ICP) Monitors
    • Cerebral Oximeters
  • Accessories
    • Electrodes
    • Sensors
    • Caps
    • Pastes and Gels
    • Batteries

By Application

  • Parkinson’s Disease
  • Traumatic Brain Injury
  • Epilepsy
  • Dementia
  • Stroke
  • Other Applications

By End-User

  • Hospitals
  • Neurology Centers
  • Diagnostic Centers

By Region

  • America
  • Europe
  • Asia-Pacific
  • The Middle-East and Africa

Frequently Asked Questions (FAQs)

Medtronic Plc., Nihon Kohden Corporation, Philips Healthcare, GE Healthcare, Siemens Healthineers, Advanced Brain Monitoring, Masimo Corporation, NeuroWave Systems Inc., Resmed, Inc., NatusMedical Incorporate are the top players in Brain Monitoring Market.
In 2019 Global Brain Monitoring Market was valued at USD 6,150 million.
Electroencephalography Segment is expected to be the leading segment in Brain Monitoring Market during the forecast period.
North America is expected to hold the highest market share in Brain Monitoring Market.
The increasing prevalence of neurological disorders, technological advancements in the field of revolutionizing brain monitoring industry are the key factors expected to drive Brain Monitoring Market during the forecast period.
The brain monitoring market was estimated at USD 6,150 million in 2019 and is expected to grow with a CAGR of 6.3% during the forecast period.
Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available at all times and included in every purchase.
We will send you an email with login credentials to access the report. You will also be able to download the pdf.
Basically, choose Pay by Purchase Order when you are checking out. We will connect with you via email to set up your order.