As per current published report by Markntel Advisors the Brain Monitoring Market is estimated to grow at a CAGR of around 7.4% during the forecast period, i.e., 2024-30. A detailed discussion of industry behavior is presented. It will assist companies and other stakeholders in making decisions that assure strong earnings in the upcoming years, and also describes the future trend. In order to assist readers in making defensible choices on market projects, this research will offer a useful summary of the market and its dynamic environment. The growth prospects that will enable the market to extend its operations in current markets will be the main focus of this analysis.
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Global Brain Monitoring Market Driver:
Rising Frequency & Occurrence of Neurological Disorders – As the occurrence of neurological disorders worsens with age, it's crucial to closely monitor brain and nervous system functionality. Globally, there is an upward trend of neurological disorders comprising dementia, epilepsy, Parkinson's disease, Huntington's disease, and cerebral palsy, which lead to augmented mortality rates linked with psychiatric or developmental problems. The contributing factor to the surge revolves around a rapidly rising elderly population, accounting for over 20% of individuals worldwide aged above 65 years by the year 2030, as estimated by the American Medical Association. With aging comes chronic age-related illnesses affecting roughly 60% before hitting this threshold even before the anticipated period within three years (2024).
The Brain Monitoring Market has segmented the market into the following categories:
By Product
(By Devices, (Electroencephalograph, Transcranial Doppler, Magnetoencephalography, Intracranial Pressure Monitor, Cerebral Oximeter, MRI(Includes FMRI Too), CT, PET, Sleep Monitoring Devices, Electromyography Devices),
By Accessories,
(By Type, (Electrodes, Sensors, Pastes and Gels, Caps, Cables, Batteries, Others),
By Usability,
(Disposable, Non-Disposable)),
By Procedure
(Invasive, Non-Invasive),
By Modality
(Fixed Portable, Wearable),
By Medical Condition
(Traumatic Brain Injuries, Stroke, Dementia, Headache Disorders, Sleep Disorders, Epilepsy, Parkinson's Disease, Huntington's Disease, Other Therapeutic Applications,
By End-User
(Hospitals, Neurological Centers, Diagnostic Centers, ASCS and Clinics, Others)
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By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Environment Featuring Key Players:
Natus Medical Inc., Nihon Kohden Corporation, Philips Healthcare, Siemens Healthineers, Compumedics Limited, Medtronic Plc, Edwards Lifesciences, Advanced Brain Monitoring Inc., Drägerwerk Ag & Co. Kgaa, Masimo Corporation, Luciole Medical Ag, Cadwell Industries Inc., Neurowave Systems Inc., Neurosoft, CGX, and Others
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-Market segmentation based on both economic and non-economic characteristics, analyzed both qualitatively and quantitatively
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-A geographical analysis that shows how the product or service is used in each area and what factors are influencing the market in that particular area
-Comprehensive company profiles for the main market players that include a company overview, company insights, product benchmarking, and SWOT analysis
-The present and projected market outlook in light of recent changes, which include growth prospects and drivers as well as obstacles and constraints in both developed and emerging regions
-Using Porter's Five Forces approach, provides a thorough examination of the market from a variety of angles.
-Uses the value chain to offer market intelligence.
-The state of the market dynamics and potential for future market expansion
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