The brain monitoring systems market is likely to record a CAGR of 5.5% during the forecast period. The market holds a share of USD 5.0 billion in 2023, while it is anticipated to cross a value of USD 8.5 billion by 2033.
The brain monitoring systems market outlook states that the increased healthcare budget post-pandemic is helping authorities to focus more on brain treatment procedures. The overall response to the advanced techniques provides real-time tracking of brain activity and response to the medication.
The market for brain monitoring systems is influenced by several macroeconomic and industrial factors, which include device regulations, device safety, and device licensing, as per the market dynamics originating from disease epidemiology and procedure adoption rates. These factors are anticipated to flourish the demand for brain monitoring systems globally.
The research report on the brain monitoring systems market explains that the brain functionality and its matrix are going through a research and development phase. Vendors now try to build devices that help each kind of patient in monitoring their EEG readings while using advanced scanning modules.
This advanced neuromonitoring includes synchronous video recording that clears the documentation and clears the EEG system. The integration of AI and Machine Learning along with cloud documentation is likely to transform brain scanning and monitoring procedures in the future.
These elements of the fourth industrial revolution, Industry 4.0, have an overall impact on healthcare solutions. Brain tracking and monitoring devices prevent the patient from getting strokes or nerve damage as it constantly delivers information to the concerned doctor.
| Attributes | Details |
|---|---|
| Brain Monitoring Systems Market CAGR (2023 to 2033) | 5.5% |
| Brain Monitoring Systems Market Size (2023) | USD 5.0 billion |
| Brain Monitoring Systems Market Size (2033) | USD 8.5 billion |
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Short-term Growth (2017 to 2022): The global brain monitoring systems market registered a CAGR of 7.0%. Brain monitoring systems are used in neurological testing for the detection of any abnormality in the functioning of brain cells (neurons) that leads to the development of neurological disorders such as Parkinson's disease, epilepsy, dementia, sleep disorder, and Alzheimer's.
These systems allow the observation and identification of the activity of neurons without the need for invasive neurosurgery.
Mid-term Growth (2022 to 2028): The market has added new elements such as AI and machine learning into the picture during the mid-term growth period. However, the pandemic slowed down the research and development pace, which has been reflected in the current running forecast period.
Furthermore, the advanced sensory technology that gathers most information about brain vitals is supposed to restore growth by the end of 2033.
Long-term Growth (2028 to 2033): These are mostly preferred for scanning anatomical pathologies in the brain and understanding the structural and functional activity of neurons. Brain monitoring systems form an integral part of neuroimaging and radiological procedures. Considering these factors, the market is projected to witness a CAGR of 5.5% to reach USD 8.5 billion by 2033.
Rising Usage of Brain Monitoring Sensors in Integrated Healthcare
Through bidirectional data gathering and processing of EEG signals, brain monitoring sensors support clinicians in keeping track of the brain under the influence of anesthesia.
There is a growing need to monitor patients with traumatic brain injuries to prevent l brain damage, particularly cerebral ischemia. The increasing demand for assessing Increased Intracranial Pressure (ICP) in patient monitoring will propel the demand for brain monitoring sensors.
Invasive monitoring is a complicated, painful, and hazardous procedure because it requires direct involvement with gentle brain tissue. As a result, both doctors and patients are enthusiastic about the adoption of non-invasive or minimally invasive brain monitoring equipment.
Wireless monitors are devices that diagnose without the use of wires or cords. Wireless headphones enable fully non-invasive readings and, in some situations, assessment of patients from the comfort of their own homes.
The recording device can be disconnected from the computer and interact with it via wireless signals from a distance of up to 10 or 20 meters using wireless technology. These devices are easy to use, inexpensive, and simple to maintain, and they only require one AAA battery. Handheld brain monitoring devices are small, light, and convenient to carry in one's hand.
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The high Cost of Brain Monitoring Devices and Surgeries limit the Market Growth
Lack of essential healthcare infrastructure, high treatment costs, and safety concerns about implant applications may all act as roadblocks to the expansion of the brain monitoring devices industry. Methods involving these devices are often costly, and equipment is considerably complicated. Product uptake may be hampered by the presence of negative reimbursement schemes and government laws.
| Regions | Absolute Market Growth |
|---|---|
| The United States | USD 1.3 billion |
| The United Kingdom | USD 59.2 million |
| China | USD 472.1 million |
| Japan | USD 245.5 million |
| India | USD 244.9 million |
Rising Prevalence of Neurological Diseases to Fuel Sales of Brain Monitoring Products in the United States
| Region | Attributes |
|---|---|
| The United States Market CAGR (2023 to 2033) | 6.4% |
| The United States Market Absolute Doller Growth (USD million/billion) | USD 1.3 billion |
According to the National Institute of Neurological Disorders and Stroke, nearly 30 million people in the United States suffer from one of the nearly 7,000 identified uncommon or ultra-rare disorders. Over 45% of uncommon diseases are associated with neurological symptoms.
In the United States, the rising prevalence of various neurodegenerative and neurological disorders has led to increased innovation in mobile EEG devices, real-time monitoring, and alarms. Hence the demand for brain monitoring products is increasing. The United States is likely to cross a market share of USD 2.7 billion by 2033.
Rapid Deployment of Non-invasive Brain Monitoring Devices in the Country
| Region | Attributes |
|---|---|
| Market in China CAGR (2023 to 2033) | 7.6% |
| Market in China Absolute Doller Growth (USD million/billion) | USD 472.1 million |
China is anticipated to be the hotspot destination for investment opportunities for key players. It is due to the high diagnosis growth rate, research activities, quality improvisations, and increasing healthcare modernization.
An increase in the number of senior citizens and patients with severe diseases, a rise in consumer spending, and the growing adoption of non-invasive brain monitoring devices are driving the market growth in China. The market in China is expected to reach a market valuation of USD 905.9 million.
| Region | Attributes |
|---|---|
| Market in Japan CAGR (2023 to 2033) | 5.9% |
| Market in Japan Absolute Doller Growth (USD million/billion) | USD 245.5 million |
The brain monitoring system market in Japan is growing due to the rising prevalence of neurological illnesses and the availability of medical reimbursements. Higher healthcare spending and a more advanced healthcare infrastructure will contribute to an increase in demand for brain monitoring devices in the region.
An increased number of clinical trials for advanced brain monitoring technologies has been directed by the growing government financing for neuroscience. Another impact-rendering driver for market growth is the wide availability of insurance coverage. The market is expected to reach a value of USD 563.9 million.
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| Segment | Top Product Type |
|---|---|
| Top Sub-segment | EEG Systems |
| CAGR (2018 to 2022) | 7.8% |
| CAGR (2023 to 2033) | 6.2% |
| Segment | Top Modality |
|---|---|
| Top Sub-segment | Standalone |
| CAGR (2018 to 2022) | 6.8% |
| CAGR (2023 to 2033) | 5.1% |
Monitoring of neural signals along the scalp caused by the activation of neurons in the brain is known as Electroencephalography (EEG). EEG is a term used in clinical settings to describe the tracking of the brain's natural electrical stimulation during a short period, often 20-40 minutes, using many electrodes on the scalp.
The most common use of EEG systems in neurology is to diagnose epilepsy, as epileptic activity can cause obvious abnormalities in a regular EEG study. EEG systems are also used in the detection of unconsciousness, dementia, and brain death as a secondary clinical application.
The use of EEG machines has been fuelled by a desire to provide successful therapy through the early detection of problems, as this equipment allows for helpful therapies with minimal risk of neurological consequences. The EEG system segment is recording a CAGR of 6.2% during the forecast period.
The changing lifestyle and advanced battery-based brain monitoring systems are gaining traction for standalone systems by modality. Expanding in the market, vendors design these standalone systems efficiently.
These systems also work on the same EEG measures that track the patterns of electrical activity in the brain. The segment records a CAGR of 5.1% between 2023 and 2033.
Hospitals accounted for a 42.1% share of the brain monitoring systems market in 2022. Brain monitoring is a complicated procedure that necessitates the use of costly and advanced technology and systems usually available in hospitals.
Compared to small clinics and other end users, hospitals experience a significantly higher intake of patients. Brain monitoring devices put a significant financial strain on healthcare facilities in terms of maintenance expenditures; hospitals can tolerate such expenses. As a result, the majority of brain monitoring devices are utilized in hospitals.
Key manufacturers of brain monitoring systems are focusing on marketing strategies to increase both their product portfolio as well as geographical presence.
Some other key market strategies followed by manufacturers include distribution & collaboration agreements to increase product reach, partnering with local as well as global retailers, and long-term partnerships with ambulatory surgical centers, clinics, hospitals and other distribution channels such as neonatal and pediatrics ICUs.
For instance:
In November 2021, Medtronic PLC., teamed up with Rune Labs, a leading supplier of neurological and psychiatric disease solutions, to leverage the latter's proprietary software system to integrate, analyze, and visualize information from its Percept PC Neurostimulator.
The market is valued at USD 5.0 billion in 2023.
The market is forecast to register a CAGR of 5.5% through 2033.
From 2017 to 2022, the market secured a CAGR of 7.0%.
By 2033, the market is estimated to reach USD 8.5 billion.
China’s market is expected to surge at a 7.6% CAGR.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Analysis 2017 to 2022 and Forecast, 2023 to 2033 5. Global Analysis 2017 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. MRI Systems 5.1.1. fMRI Systems 5.1.2. Other MRI Systems 5.2. EEG Systems 5.2.1. Simplified EEG Systems 5.2.2. Other EEG Systems 5.3. MEG Systems 5.4. fNIRS Systems 5.5. Other Systems 6. Global Analysis 2017 to 2022 and Forecast 2023 to 2033, By Modality 6.1. Portable/Handheld 6.2. Standalone 7. Global Analysis 2017 to 2022 and Forecast 2023 to 2033, By End User 7.1. Hospitals 7.2. Ambulatory Surgical Systems 7.3. Clinics 7.4. Pediatric & Neonatal ICUs 8. Global Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. Asia Pacific Excluding Japan 8.6. Japan 8.7. Middle East & Africa (MEA) 9. North America Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 13. APEJ Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 14. Japan Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 15. MEA Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Neurosoft 18.2. Natus Medical Incorporated 18.3. Medtronic PLC 18.4. Integra Lifesciences 18.5. Compumedics Neuroscan 18.6. Masimo Corporation 18.7. Elekta AB 18.8. Advanced Brain Monitoring Inc. 18.9. Cadwell Laboratories 18.10. Nonin Medical Inc. 18.11. Nihon Kohden Corporation 19. Assumptions & Acronyms Used 20. Research Methodology
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Brain Monitoring Systems Market
