Brain Monitoring Market Share, Size, Growth, Opportunities, and Forecast 2019 to
Posted by Shristi on March 19th, 2020
“The Global Brain Monitoring Market was valued around US$ 8.2 Bn by 2018 and growing at a significant CAGR of 5.7% over next seven years 2019-2025 due to technological advancements in brain imaging devices”
The global brain monitoring market accounted for US$ 8.2 Bn in 2018 and burgeoning over the forthcoming years. Rise in incidences of brain disorders, growing awareness of neurodegenerative disorders, increase in the geriatric population together with rise in 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 lack of skilled labors and stringent regulations for the device approval are hampering the market growth. In addition, high growth in emerging economies provides huge growth opportunity for the market.
Global brain monitoring market segmented on the basis of product, disease type, end user and region.
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Based on disease type, global brain monitoring market segmented into traumatic brain injuries (TBI), stroke, dementia, epilepsy, huntington's disease, parkinson’s disease and others. Traumatic Brain Injuries (TBI) held considerable market share during forecast period. Traumatic brain injury is sudden injury to the brain caused by a blow or jolt to the head. Common reasons include car or motorcycle crashes, falls, sports injuries, and assaults. Injuries can range from mild concussions to severe permanent brain damage. Most people who suffer moderate to severe TBI will need rehabilitation to recover and relearn skills.
North America Leads the Global Brain Monitoring market
PBI’s global Brain Monitoring market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. North America accounted for larger revenue share in global brain monitoring 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. Asia Pacific held substantial market share during predicted period owing to availability of low-cost labor and skilled manpower, increase in disposable incomes and increasing government emphasis on healthcare reforms.
Strategic Acquisitions are the key strategies adopted by market players
Global Brain Monitoring market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For Instance, In October 2017, Natus Medical (US) acquired Integra LifeSciences (Neurosurgery Assets) (US).emojis across six different emoji packaging designs all designed to collect, share and eat.
Key player’s profiles in the report are Natus Medical Inc. (U.S.), Nihon Kohden Corporation (Japan), Philips Healthcare (Netherlands), GE Healthcare (U.K.), Siemens Healthineers (Germany), Compumedics Ltd. (Australia), Electrical Geodesics Incorporated (U.S.), Medtronic plc (Ireland), CAS Medical Systems, Inc. (U.S.) and Advanced Brain Monitoring (U.S.).
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o Device Type
By Disease Type
o Traumatic Brain Injuries (TBI)
o Huntington's Disease
o Parkinson’s Disease
By End User
o Ambulatory Surgical Centers (ASCs) and Clinics
o Neurological Centers and Research Institutions
o North America
o Latin America
o Middle East and Africa (MEA)
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About the AuthorShristi
Joined: September 17th, 2019
Articles Posted: 60
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