The Brain Monitoring Market is projected to reach a value of USD 12.2 billion by 2021, at a CAGR of 6.8% during the forecast period.
The increasing prevalence of neurological disorders and the growing number of traumatic brain injuries are driving the growth of the brain monitoring market. Additionally, technological advancements in brain monitoring devices and the increasing awareness about neurodegenerative diseases are further expected to support the growth of the brain monitoring market during the forecast period.
Browse 309 market data tables and 46 figures spread through 288 pages and in-depth TOC on "Brain Monitoring Market"
The MRI scanners segment commanded the largest share of the brain monitoring devices market in 2016
Based on type, the brain monitoring devices market is segmented into MRI scanners, CT scanners, PET scanners, electroencephalography devices, cerebral oximeters, intracranial pressure monitors, sleep monitoring devices, electromyography devices, TCD devices, and magnetoencephalography devices. In 2016, the MRI scanners segment accounted for the largest market share, and this trend is expected to continue during the forecast period. The superior image quality offered by MRI scanners and the growing applications of MRI in the diagnosis and staging of neurological disorders are the major factors contributing to the large share of the MRI scanners segment.
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The traumatic brain injuries segment to witness the highest growth between 2016 & 2021
Based on disease type, the brain monitoring market is segmented into epilepsy, dementia, Parkinsons disease, Huntingtons disease, headache disorders, strokes, traumatic brain injuries, sleep disorders, and other brain diseases. The traumatic brain injuries segment is expected to register the highest growth in the brain monitoring market during the forecast period. The increasing incidence of traumatic brain injuries is the primary factor contributing to the growth of this segment. According to the CDC, traumatic brain injuries are a significant cause of death and disability in the US. From 2006 to 2014, the number of emergency department visits, hospitalizations, and deaths due to traumatic brain injuries increased by 53%.
North America dominates the brain monitoring market
Based on the region, the brain monitoring market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). North America accounted for the largest share of the brain monitoring market in 2016. The rising geriatric population, increasing the incidence of neurodegenerative disorders, and the availability of insurance coverage for brain monitoring techniques are some of the key factors driving the brain monitoring market in North America.
Prominent players in the brain monitoring market include Natus Medical (US), Nihon Kohden (Japan), Philips Healthcare (Netherlands), GE Healthcare (US) Siemens Healthineers (Germany), Compumedics (Australia), Electrical Geodesics (US), Medtronic (Ireland), CAS Medical Systems (US), and Advanced Brain Monitoring (US).
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