Blueweave
Global Brain Monitoring Market

Global Brain Monitoring Market, By Product (Devices, Accessories), By Medical Condition (Traumatic Brain Injury, Stroke, Dementia, Headache Disorders, Sleep Disorders, Parkinson’s Disease, Epilepsy, Huntington’s Disease, Other Diseases), By End-User (Hospitals, Neurology Centers, Ambulatory Surgery Centers (ASCs) & Clinics, Diagnostic Centers and Others), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA) Trend Analysis, Competitive Market Share & Forecast, 2017-2027

  • Published Date: August 2021
  • Report ID: BWC2154
  • Available Format: PDF
  • Page: 197

Report Overview

The market for brain monitoring is mainly driven by the growing prevalence of neurological disorders, traumatic brain injuries, the rising awareness of neurological diseases, and the increasing use of brain monitoring in clinical trials.

The global brain monitoring market was worth USD 6.2 billion in 2020 and is further projected to reach USD 9.3 billion by the year 2027, growing at a CAGR of 5.8% in the forecast period. The increasing prevalence of neurological disorders, as well as cardiovascular diseases, are some of the leading factors driving the growth of the market. Also predicted to drive the market in the forecast period are advancements in healthcare and the growing awareness of neurological diseases such as epilepsy, dementia, and Alzheimer's. The global brain monitoring market, however, will be hampered by unfavorable reimbursement policies and stringent government regulations during the forecast period.

Brain Monitoring Market

Source: BlueWeave Consulting

Global Brain Monitoring Market- Overview

Brain monitoring is a technique through which physicians monitor or study the brain’s activities and responses towards the stimulus. For such a study, the physicians or doctors use brain monitoring devices. A brain monitoring device is used to assess the structure and function of the brain to monitor and diagnose neurological conditions.Several brain monitoring devices are used to monitor brain activity, including magnetoencephalography, cerebral oximeters, intracranial pressure monitors, MRI scanners, and electroencephalography (EEG) devices.For example, EEG devices are used to record and track patterns of electrical brain activity and later to interpret the same data for the diagnosis of any neurological disorder.

Global Brain Monitoring Market Forecast and Trends

Growth Drivers

Increasing Prevalence of Neurological Disorders

The prevalence of neurological disorders is increasing at a very high rate across the globe. Neurological disorders can be triggered by a variety of factors, such as genetics, lifestyle or environment, traumatic brain injury or spinal cord or nerve injury, etc.According to research,270 million people suffer from neurological disorders across the globe, with headaches, strokes, seizures, and dementia being some of the more common disorders.Moreover, World Health Organization figures show that in September 2019, nearly 50 million people suffered from dementia globally, with almost 10 million cases being recorded each year.As a result, the diagnosis and treatment of these neurological disorders are expected to accelerate in the next few years, thereby propelling the market growth.

Technological Advancements in The Brain Monitoring Devices

Despite various technological advancements, the development of brain diagnosis devices that can accurately diagnose the presence of neurological disorders is still unexplored. However, this means the market holds great potential for technological advancements as well as research and development. Various research activities are undergoing in developing innovative devices which can track neural activities beneath the scalp. The research is also focused on developing electroencephalography (EEG) systems that are minimally invasive and can remain under the scalp for longer periods. Thus, technological advances are expected to boost the global brain monitoring devices during the forecast period.

Restraints

High Cost of Brain Monitoring Devices

The high cost of brain monitoring devices is one of the major factors restricting the adoption of brain monitoring devices especially in developing economies. The average cost of an MRI scanner ranges from USD 150,000 to USD 1.2 million. The cost of an EEG device ranges from USD 30,000 to USD 175,000. The same goes for CT scanners, MEG devices, and PET scanners, which are also high-technology devices requiring high investment.Therefore, the healthcare facilities have to be dependent on government or external funding to adopt such devices.

Impact of COVID-19 on the Global Brain Monitoring Market

The COVID-19 situation has had an adverse effect on the global brain monitoring market. The priorities of the healthcare facilities increased toward managing the surging COVID-19 cases. As a result of investments towards treating COVID-19-infected patients, the investments of healthcare facilities towards ventilators, respiratory diseases, and remote patient monitoring have increased, resulting in the decline of demand for brain monitoring devices.However, the market is projected to flourish in the post-COVID-19 period. According to various researches,the lockdown has affected the psychological health of the people, and work-from-home has also contributed to fatigue. This is anticipated to pull significant demand for brain monitoring devices in the coming years.

Global Brain Monitoring Market - By Product

Based on products, the global brain monitoring market is categorized into devices and accessories. The devices segment accounts for the largest market share and is also anticipated to grow at a high CAGR during the forecast period. There are various types of devices available in the market for brain monitoring applications such as MRI scanners, CT scanners, EEG devices, PET scanners, sleep monitoring devices, cerebral oximeters, etc. Since the last few years, there has been a significant rise in the demand for brain monitoring devices due to a rise in the prevalence of various neurological disorders, mostly caused by poor lifestyles or heredity causes.

Global Brain Monitoring Market - By Medical Condition

Based on medical conditions, the global brain monitoring market is segmented into traumatic brain injury, stroke, dementia, headache disorders, sleep disorders, Parkinson’s disease, epilepsy, Huntington’s disease, and other diseases. Among these segments, traumatic brain injury holds the largest market share. Traumatic brain injuries result from trauma that strikes the head violently, such as sports injuries or road-related accidents.With the rising number of road accidents, traumatic brain injuries have also increased dramatically, particularly in developing and underdeveloped countries.

Global Brain Monitoring Market - By End-User

Based on end-users, the global brain monitoring market is categorized into hospitals, neurology centers, ambulatory surgery centers (ASCs) & clinics, diagnostic centers, and others. The adoption of brain monitoring devices is quite high in hospitals, and therefore,the hospital segment accounts for the largest market share among all segments. Hospitals have a large percentage of patients seeking diagnosis and treatment of neurological disorders.In addition, hospitals are increasingly adopting advanced medical technologies, such as electroencephalography (EEG) for diagnosing neurological disorders, which in turn is favoring the growth of the hospitals’ segment.

Global Brain Monitoring Market - Regional Insights

Geographically, the global brain monitoring market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Among these regions, North America dominates the global brain monitoring market with the largest market share. A major reason for the growth is the increasing demand for brain monitoring devices in the healthcare system and various other medical fields.Additionally, neurological diseases are very prevalent in this region, as is the awareness of such disorders. As a result, the diagnosis rate of such disorders is also high which is propelling the demand for brain monitoring devices and products.

Regional Insights

Source: BlueWeave Consulting

Competitive Landscape

The leading players in the global brain monitoring market are Compumedics, Nonin Medical Inc., Natus Medical Incorporated, Koninklijke Philips NV, Medtronic PLC, Cadwell Laboratories, Integra Lifesciences Holding Corporation, Advanced Brain Monitoring Inc., Nihon Kohden Corporation, Elekta AB, Masimo Corporation, CAS Medical Systems, Inc., Neurowave Systems, Inc., and other prominent players.

Industry giants like Medtronic PLC, Phillips, and Integra Lifesciences make the market highly consolidated. However, many regional companies are also emerging with great potential to give stiff competition to these global players. To stay competitive, the companies have been constantly innovating and advancing their products and devices.

Recent Developments

  • In May 2021, CorrActions, an Israel-based neuroscience technology-based startup, announced that it has raised around USD 2.7 million in seed funding from various investors including VentureIsrael, Operator Partners, and the Israeli Innovation Authority.
  • In April 2021, Helius Medical, a US-based neurotech company, announced to have received FDA clearance for its devices that stimulate the brain through the tongue. This portable and non-invasive device is specially designed for sclerosis patients but can also be used for application in other disorders as well.

Scope of the Report

Attributes

Details

Years Considered

Historical data – 2017-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Billion

Market Coverage

North America, Europe, the Asia-Pacific, Latin America, and the Middle East and Africa

Product Service/Segmentation

By Product, By Medical Condition, By End-User, By Region

Key Players

Compumedics, Nonin Medical Inc., Natus Medical Incorporated, Koninklijke Philips NV, Medtronic PLC, Cadwell Laboratories, Integra Lifesciences Holding Corporation, Advanced Brain Monitoring Inc., Nihon Kohden Corporation, Elekta AB, Masimo Corporation, Spiegelberg GmbH & Co. KG., GE Healthcare, Siemens Healthineers, Neurosoft, RIMED, Drägerwerk AG & Co. KGAA, CAS Medical Systems, Inc., Neurowave Systems, Inc., and other prominent players.

 

By Product

Devices

  • MRI scanners
  • CT scanners
  • EEG devices
  • PET scanners
  • Sleep monitoring devices
  • Cerebral oximeters
  • EMG devices
  • Intracranial pressure monitors
  • MEG devices
  • TCD devices

Accessories

  • Electrodes
  • Sensors
  • Pastes & gels
  • Caps
  • Batteries
  • Cables
  • Other accessories

By Medical Condition

  • Traumatic Brain Injury
  • Stroke
  • Dementia
  • Headache Disorders
  • Sleep Disorders
  • Parkinson’s Disease
  • Epilepsy
  • Huntington’s Disease
  • Other Diseases

By End-User

  • Hospitals
  • Neurology Centers
  • Ambulatory Surgery Centers (ASCs) & Clinics
  • Diagnostic Centers
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Latin America (LATAM)
  • Middle-East & Africa (MEA)
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
      1. Primary and Secondary Sources
    2. Quantitative Research
      1. Primary and Secondary Sources
    3. Breakdown of Primary Research Respondents
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Industry Participants
    5. Key Questionnaire asked during Primary Interviews
    6. Key Primary Responses
    7. Market Size Estimation
    8. Assumption for the Study
    9. Market Breakdown & Data Triangulation
  3. Executive Summary
  4. Global Brain Monitoring Market – Industry Insights
    1. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunity
      4. Challenges
    2. Recent Developments / Technical Landscape
    3. Regulatory Framework
    4. Porter’s Five Forces Analysis
    5. Value Chain Analysis
    6. Strategic Outlook
  5. Global Brain Monitoring Market Overview
    1. Market Estimates & Forecast by Value, 2017-2027
      1. By Value (USD Billion)
      2. By Volume (Thousand Units)
    2. Market Share & Forecast
      1. By Product
        1. Devices
          1. MRI scanners
          2. CT scanners
          3. EEG devices
          4. PET scanners
          5. Sleep monitoring devices
          6. Cerebral oximeters
          7. EMG devices
          8. Intracranial pressure monitors
          9. MEG devices
          10. TCD devices
        2. Accessories
          1. Electrodes
          2. Sensors
          3. Pastes & gels
          4. Caps
          5. Batteries
          6. Cables
          7. Other accessories
      2. By Medical Condition
        1. Traumatic Brain Injury
        2. Stroke
        3. Dementia
        4. Headache Disorders
        5. Sleep Disorders
        6. Parkinson’s Disease
        7. Epilepsy
        8. Huntington’s Disease
        9. Other Diseases
      3. By End-User
        1. Hospitals
        2. Neurology Centers
        3. Ambulatory Surgery Centers (Ascs) & Clinics
        4. Diagnostic Centers
        5. Others
      4. By Region
        1. North America
        2. Europe
        3. Asia-Pacific (APAC)
        4. Latin America (LATAM)
        5. Middle-East & Africa (MEA)
  6. North America Brain Monitoring Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2017-2027
    2. Market Share and Forecast
      1. By Product
      2. By Medical Condition
      3. By End-User
      4. By Country
        1. U.S.
        2. Canada
  7. Europe Brain Monitoring Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2017-2027
    2. Market Share and Forecast
      1. By Product
      2. By Medical Condition
      3. By End-User
      4. By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Spain
        6. Russia
        7. Netherlands
        8. Rest of Europe
  8. APAC Brain Monitoring Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2017-2027
    2. Market Share and Forecast
      1. By Product
      2. By Medical Condition
      3. By End-User
      4. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of APAC
  9. LATAM Brain Monitoring Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2017-2027
    2. Market Share and Forecast
      1. By Product
      2. By Medical Condition
      3. By End-User
      4. By Country
        1. Mexico
        2. Brazil
        3. Rest of LATAM
  10. MEA Brain Monitoring Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2017-2027
    2. Market Share and Forecast
      1. By Product
      2. By Medical Condition
      3. By End-User
      4. By Country
        1. Saudi Arabia
        2. UAE
        3. South Africa
        4. Rest of Europe
  11. Competitive Landscape
      1. List of Key Producers and Their Offerings
      2. Market Share / Ranking Analysis (2020)
      3. Competitive Benchmarking, By Operating Parameters
  12. COVID-19 Impact
    1. Future Impact
    2. Key Developments during COVID-19
    3. Impact on Market
      1. Different Scenario
      2. Impact on Companies
    4. Regional Impact
  13. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. Compumedics
    2. Nonin Medical Inc.
    3. Natus Medical Incorporated
    4. Koninklijke Philips NV
    5. Medtronic PLC
    6. CadwellLaboratories
    7. Integra Lifesciences Holding Corporation
    8. Advanced Brain Monitoring Inc.
    9. Nihon Kohden Corporation
    10. Elekta AB
    11. Masimo Corporation
    12. Spiegelberg GmbH& Co. Kg.
    13. Ge Healthcare
    14. Siemens Healthineers
    15. Neurosoft
    16. RIMED
    17. Drägerwerk AG& Co. Kgaa
    18. CAS Medical Systems, Inc.
    19. Neurowave Systems, Inc.
    20. Other Prominent Players
  14. Key Strategic Recommendations

 

*Financial information of non-listed Companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth study during the final deliverable.

 

 

List of Figures

 

 

Fig 1: Global Brain Monitoring Segmentation

 

Fig 2: Global Brain Monitoring Market Value Chain Analysis,

 

Fig 3: Company Market Share Analysis, 2020

 

Fig 4: Global Brain Monitoring Market Size, By Value (USD Billion), 2017-2027

 

Fig 5: Global Brain Monitoring Market Share (%), By Product, By Value, 2017-2027

 

Fig 6: Global Brain Monitoring Market Share (%), By Medical Condition, By Value, 2017-2027

 

Fig 7: Global Brain Monitoring Market Share (%), By End-User, By Value, 2017-2027

 

Fig 8: Global Brain Monitoring Market Share (%), By Country, By Value, 2017-2027

 

Fig 9: North America Brain Monitoring Market Size, By Value (USD Billion), 2017-2027

 

Fig 10: North America Brain Monitoring Market Share (%), By Product, By Value, 2017-2027

 

Fig 11: North America Brain Monitoring Market Share (%), By Medical Condition, By Value, 2017-2027

 

Fig 12: North America Brain Monitoring Market Share (%), By End-User, By Value, 2017-2027

 

Fig 13: North America Brain Monitoring Market Share (%), By Country, By Value, 2017-2027

 

Fig 14: Europe Brain Monitoring Market Size, By Value (USD Billion), 2017-2027

 

Fig 15: Europe Brain Monitoring Market Share (%), By Product, By Value, 2017-2027

 

Fig 16: Europe Brain Monitoring Market Share (%), By Medical Condition, By Value, 2017-2027

 

Fig 17: Europe Brain Monitoring Market Share (%), By End-User, By Value, 2017-2027

 

Fig 18: Europe Brain Monitoring Market Share (%), By Country, By Value, 2017-2027

 

Fig 19: the Asia-Pacific Brain Monitoring Market Size, By Value (USD Billion), 2017-2027

 

Fig 20: the Asia-Pacific Brain Monitoring Market Share (%), By Product, By Value, 2017-2027

 

Fig 21: the Asia-Pacific Brain Monitoring Market Share (%), By Medical Condition, By Value, 2017-2027

 

Fig 22: the Asia-Pacific Brain Monitoring Market Share (%), By End-User, By Value, 2017-2027

 

Fig 23: the Asia-Pacific Brain Monitoring Market Share (%), By Country, By Value, 2017-2027

 

Fig 24: Latin America Brain Monitoring Market Size, By Value (USD Billion), 2017-2027

 

Fig 25: Latin America Brain Monitoring Market Share (%), By Product, By Value, 2017-2027

 

Fig 26: Latin America Brain Monitoring Market Share (%), By Medical Condition, By Value, 2017-2027

 

Fig 27: Latin America Brain Monitoring Market Share (%), By End-User, By Value, 2017-2027

 

Fig 28: Latin America Brain Monitoring Market Share (%), By Country, By Value, 2017-2027

 

Fig 29: Middle East & Africa Brain Monitoring Market Size, By Value (USD Billion), 2017-2027

 

Fig 30: Middle East & Africa Brain Monitoring Market Share (%), By Product, By Value, 2017-2027

 

Fig 31: Middle East & Africa Brain Monitoring Market Share (%), By Medical Condition, By Value, 2017-2027

 

Fig 32: Middle East & Africa Brain Monitoring Market Share (%), By End-User, By Value, 2017-2027

 

Fig 33: Middle East & Africa Brain Monitoring Market Share (%), By Region, By Value, 2017-2027

 

 

 

List of Tables

 

 

Table 1: Global Brain Monitoring Market Size, By Product, By Value, 2017-2027

 

Table 2: Global Brain Monitoring Market Size, By Medical Condition, By Value(USD Billion), 2017-2027

 

Table 3: Global Brain Monitoring Market Size, By End-User, By Value(USD Billion), 2017-2027

 

Table 4: Global Brain Monitoring Market Size, By Region, By Value(USD Billion), 2017-2027

 

Table 5: North America Brain Monitoring Market Size, By Product, By Value (USD Billion), 2017-2027

 

Table 6: North America Brain Monitoring Market Size, By Medical Condition, By Value (USD Billion), 2017-2027

 

Table 7: North America Brain Monitoring Market Size, By End-User, By Value (USD Billion), 2017-2027

 

Table 8: North America Brain Monitoring Market Size, By Country, By Value (USD Billion), 2017-2027

 

Table 9: Europe Brain Monitoring Market Size, By Product, By Value (USD Billion), 2017-2027

 

Table 10: Europe Brain Monitoring Market Size, By Medical Condition, By Value (USD Billion), 2017-2027

 

Table 11: Europe Brain Monitoring Market Size, By End-User, By Value (USD Billion), 2017-2027

 

Table 12: Europe Brain Monitoring Market Size, By Country, By Value (USD Billion), 2017-2027

 

Table 13: the Asia-Pacific Brain Monitoring Market Size, By Product, By Value (USD Billion), 2017-2027

 

Table 14: the Asia-Pacific Brain Monitoring Market Size, By Medical Condition, By Value (USD Billion), 2017-2027

 

Table 15: the Asia-Pacific Brain Monitoring Market Size, By End-User, By Value (USD Billion), 2017-2027

 

Table 16: the Asia-Pacific Brain Monitoring Market Size, By Country, By Value (USD Billion), 2017-2027

 

Table 17: Latin America Brain Monitoring Market Size, By Product, By Value (USD Billion), 2017-2027

 

Table 18: Latin America Brain Monitoring Market Size, By Medical Condition, By Value (USD Billion), 2017-2027

 

Table 19: Latin America Brain Monitoring Market Size, By End-User, By Value (USD Billion), 2017-2027

 

Table 20: Latin America Brain Monitoring Market Size, By Country, By Value (USD Billion), 2017-2027

 

Table 21: The Middle-East & Africa Brain Monitoring Market Size, By Product, By Value (USD Billion), 2017-2027

 

Table 22: The Middle-East & Africa Brain Monitoring Market Size, By Medical Condition, By Value (USD Billion), 2017-2027

 

Table 23: The Middle-East & Africa Brain Monitoring Market Size, By End-User, By Value (USD Billion), 2017-2027

 

Table 24: The Middle-East & Africa Brain Monitoring Market Size, By Country, By Value (USD Billion), 2017-2027

 

Table 25: Compumedics Financial Analysis

Table 26: Compumedics Business Overview

Table 27: Nonin Medical Inc. Financial Analysis

Table 28: Nonin Medical Inc. Business Overview

Table 29: Natus Medical IncorporatedFinancial Analysis

Table 30: Natus Medical Incorporated Business Overview

Table 31: Koninklijke Philips NVFinancial Analysis

Table 32: Koninklijke Philips NV LimitedBusiness Overview

Table 33: Medtronic PLC Financial Analysis

Table 34: Medtronic PLC Business Overview

Table 35: Cadwell Laboratories Financial Analysis

Table 36: Cadwell Laboratories Business Overview

Table 37: Integra Lifesciences Holding Corporation Financial Analysis

Table 38: Integra Lifesciences Holding Corporation Business Overview

Table 39: Advanced Brain Monitoring Inc. Financial Analysis

Table 40: Advanced Brain Monitoring Inc. Business Overview

Table 41: Nihon Kohden Corporation Financial Analysis

Table 42: Nihon Kohden Corporation Business Overview

Table 43: Elekta AB Financial Analysis

Table 44: Elekta AB Business Overview

Table 45: Masimo Corporation Financial Analysis

Table 46: Masimo Corporation Business Overview

Table 47: Spiegelberg GmbH &Co. KG. Financial Analysis

Table 48: Spiegelberg GmbH & Co. KG. Business Overview

Table 49: GE Healthcare Financial Analysis

Table 50: GE Healthcare Business Overview

Table 51: Siemens Healthineers Financial Analysis

Table 52: Siemens Healthineers Business Overview

Table 53: Neurosoft Financial Analysis

Table 54: Neurosoft Business Overview

Table 55: RIMED Financial Analysis

Table 56: RIMED Business Overview

Table 57: Drägerwerk AG & Co. KGAA Financial Analysis

Table 58: Drägerwerk AG & Co. KGAA Business Overview

Table 59: CAS Medical Systems, Inc. Financial Analysis

Table 60: CAS Medical Systems, Inc. Business Overview

Table 61: Neurowave Systems, Inc.Financial Analysis

Table 62: Neurowave Systems, Inc. Business Overview

Market Segmentation

By Product

Devices

  • MRI scanners
  • CT scanners
  • EEG devices
  • PET scanners
  • Sleep monitoring devices
  • Cerebral oximeters
  • EMG devices
  • Intracranial pressure monitors
  • MEG devices
  • TCD devices

Accessories

  • Electrodes
  • Sensors
  • Pastes & gels
  • Caps
  • Batteries
  • Cables
  • Other accessories

By Medical Condition

  • Traumatic Brain Injury
  • Stroke
  • Dementia
  • Headache Disorders
  • Sleep Disorders
  • Parkinson’s Disease
  • Epilepsy
  • Huntington’s Disease
  • Other Diseases

By End-User

  • Hospitals
  • Neurology Centers
  • Ambulatory Surgery Centers (ASCs) & Clinics
  • Diagnostic Centers
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Latin America (LATAM)
  • Middle-East & Africa (MEA)
No data available

To request a free sample copy of this report, please complete the form below.

We value your investment and offer free customization with every report to fulfil your exact research needs.

This website is secure and your personal details are safe.