Brain Monitoring Market: By Product, By Disease Type, Stroke, Dementia, Epilepsy, Huntington's Disease, Parkinson's Disease and Others), By End User and Clinics, Neurological Centers and Research Institutions and Others) and Geography
Brain Monitoring Market size was valued at US$ 8.2 billion in 2023 and is poised to grow at a significant CAGR of 5.7% from 2024-2030. A rise in incidences of brain disorders, growing awareness of neurodegenerative disorders, an increase in the geriatric population together with rising in the prevalence of chronic diseases, growing applications of brain monitoring in clinical trials, and technological advancements in brain imaging devices are some key factors fostering the market growth.
However, factors such as a lack of skilled laborers and stringent regulations for device approval are hampering the market growth. To monitor and identify brain activity, brain monitoring devices are used. The electrical and neuronal activity of the brain is monitored with the aid of brain monitoring devices. Additionally, they support the monitoring of blood flow in the brain's veins and arteries. The electrical and neurological functions of the brain are monitored and diagnosed with its assistance. The ability to display and analyze a person's neurologic problems is made possible by brain monitoring equipment.
Study Period
2024-2030Base Year
2023CAGR
5.7%Largest Market
Asia-PacificFastest Growing Market
North-America
Remarkable advances in medical diagnostic imaging have been made during the past few decades. The development of new imaging techniques and continuous improvements in the display of digital images have opened new horizons in the brain anatomy and pathology. Advanced brain imaging technology has shed new light on the neuroscience of innovation that uniquely human capacity to see a possibility that did not exist and bring it to life. The field of brain imaging has now become a fast-moving, demanding and exciting multidisciplinary activity. Rapid advances in imaging technology have made it possible to create comprehensive maps of brain structure and function, with a broad range of imaging devices, and at a variety of spatial scales.
North America accounted for a larger revenue share in the global market with considerable CAGR. The growth in this region is due to presence of the strong distribution, easy adoption of advanced technologies in healthcare systems, increasing number of the sleep and neurodegenerative disorders and huge investments made by the government to support the field of neurosciences. The Asia Pacific held substantial market share during predicted period owing to the availability of low-cost labor and skilled manpower, increase in disposable incomes and increasing government emphasis on healthcare reforms.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 8.2 billion |
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Market CAGR |
5.7% |
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By Product Type |
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By Disease Type |
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By End user |
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The global brain monitoring market size was valued at US$ 8.2 billion in 2023 and is projected to grow at a CAGR of 5.7% from 2024-2030.
Natus Medical Inc, Nihon Kohden Corporation, Philips Healthcare, GE Healthcare, Siemens Healthineers
North America is the fastest-growing region for the brain monitoring market
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.
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