The global market for Brain Monitoring Devices is projected to reach US$1.6 billion by 2020

Increasing Incidence & Prevalence of Neurological Disorders to Drive Demand for Brain Monitoring Devices, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Brain Monitoring Devices market. The global market for Brain Monitoring Devices is projected to reach US$1.6 billion by 2020, driven by the aging population, rising incidence of neurological disorders, growing awareness, and technological advancements.

Rising incidence of neurological diseases is driving the significance of monitoring brain and neurological functions. Also, other diseases, conditions and events such as sickle cell disease, fatal accidents, and cardiac procedures that have the potential to affect the normal functioning of the brain are rising worldwide, driving the need and demand for brain function monitoring and the devices used for the purpose. Brain monitoring is also gaining prominence in peri-operative and post-operative clinical settings where doctors and scientists utilize brain monitoring devices to analyze sedation and anesthesia. Aging population, increasing life expectancy, and growing awareness of diseases and their treatment options are other factors driving the number of brain diagnoses each year, thereby benefiting demand for brain monitoring devices. Also driving growth are technological developments that make brain monitoring devices more efficient and functional with the capability to induce better patient outcomes. The miniaturization trend is enabling portability, while reducing costs. Continued research efforts, over the years, have led to the expansion of indications, creating new markets, thereby contributing to the growth in the market.

Electroencephalography (EEG) devices which measure and record the degree and pattern of electrical signals generated by the neuronal activity of the brain, represents the largest product market. EEG is the first line diagnostic method of choice for diagnosing stroke, tumor, and other brain disorders. Features such as interoperability, simple usage, compatibility and connectivity across networks, have encouraged physicians’ reliance on EEG devices, over the years. The neurological monitoring market is shifting focus towards long-term monitoring of diseases, such as epilepsy and sleep apnea, contributing to the growth in demand for these devices. Magnetoencephalography devices are used in the diagnosis of epilepsy, particularly in localizing epileptic focus and functional localization, and are known to be useful in assessing various other conditions, such as Parkinsonism, schizophrenia, stroke, and autism. Benefits such as lack of signal distortion due to skull and soft tissue, higher sensitivity of the technique in the detection of interictal spikes, and higher overall accuracy than EEG are driving demand for MEG devices. A major trend in this space is the emergence of hybrid MEG-MRI systems. Demand for other brain devices, such as IntraCranial Pressure (ICP) monitors and cerebral oximeters, are witnessing significant growth, driven by the increasing incidence of fatal injuries and growing cases of hypoxia during surgical procedures. 

As stated by the new market research report on Brain Monitoring Devices, the United States represents the largest market worldwide. Rapid technological advancements made by companies domiciled in these regions and relatively quicker adoption of advanced devices when compared to other parts of the world, have put the United States and Europe ahead in the global market. Asia-Pacific ranks as the fastest growing market with a CAGR of 9.7% over the analysis period, led by factors such as, increasing income, rising healthcare spending, growing awareness of various diseases that require brain monitoring, improving healthcare infrastructure and accessibility, and growing research activity.

Major players covered in the report include Advanced Brain Monitoring Inc., CAS Medical Systems, Compumedics Ltd., Compumedics Germany GmbH, DePuy Synthes Companies, Elekta AB, Electrical Geodesics Inc., HeadSense Medical Inc., Integra Life Sciences Corporation, Masimo Corporation, Medtronic Plc., MEG International Services Ltd., Natus Medical Inc., Nihon Kohden Corp., Nonin Medical Inc., Rimed Inc., and Yokogawa Electric Corp. among others.

The research report titled “Brain Monitoring Devices: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of global market trends and issues, growth drivers, company profiles, mergers and acquisitions, and other strategic industry activities. The report provides market estimates and projections in US$ for all major geographic markets, such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific) and Rest of World. The global market for Brain Monitoring Devices is also analyzed by key segments, including IntraCranial Pressure (ICP) Monitors, ElectroEncephaloGraphy (EEG) Devices, MagnetoEncephaloGraphy (MEG) Devices, and Others (Cerebral Oximeters, Transcranial Dopplers, and Accessories).

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

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