Brain Monitoring Market Will Reach USD 10,192 Million by 2030, Says P&S Intelligence

News provided by

Mar 29, 2023, 10:22 ET

NEW YORK, March 29, 2023 /PRNewswire/ -- The global brain monitoring market value is projected to be USD 10,192 million by 2030, growing at a CAGR of 6.50%, according to P&S Intelligence.

This can be ascribed to the growing count of individuals with neurological conditions, who need their brain activity monitored on a regular basis. As per the U.S. National Library of Medicine, there are over 600 neurological illnesses.

Get the sample pages of this report: https://www.psmarketresearch.com/market-analysis/brain-monitoring-market/report-sample

Electroencephalography Equipment Is Highest Revenue Generator

In 2022, electroencephalography held the largest market share, and it is also projected to be in the leading spot till 2030. This can be credited to the growth in the demand for advanced technologies for monitoring the electrical activity in the brain, to make neurological diagnoses.

The benefit of some of the advanced systems launched recently is that they allow skilled doctors to take EEG readings irrespective of their location. This can enhance test availability for hospitals without their own equipment or experts.

Electrodes Are Most-Extensively Sold Components

In 2022, electrodes are the best-selling accessories for brain monitoring equipment, and their sales are projected to witness a CAGR of 6.9% in the coming few years. This can be credited to the research being done in order to improve the safety, technology, and efficiency of electrodes.

Brain Monitoring Widely Performed for Traumatic Brain Injuries

On the basis of application, in 2022, the TBI category dominated the market with a 28% share, owing to the growing occurrence of such accidents throughout the world. Around 70 million individuals around the world get a TBI per annum.

Furthermore, the growing government investments in TBI R&D are projected to support the development of this category. For example, General Dynamics Information Technology received a contract worth USD 84 million in December 2022 to conduct research on TBIs.

Likewise, governments are spending on AI to identify the best approach for people suffering from strokes. With such strong public aid, the majority of the patients suffering from a stroke in the U.K. are profiting from faster treatments and better outcomes.

Browse detailed report on Brain Monitoring Market Growth, Development and Demand Forecast Report, 2030

North America in Greatest Need of Brain Monitoring Equipment

North America is dominating the market, credited to the surge in the occurrence of neurological illnesses, acceptance of progressive technologies for neurological diagnosis and monitoring, and growth in the elderly populace.

Additionally, the increasing knowledge regarding the early recognition of neurodegenerative illnesses, including Huntington's, Alzheimer's, and Parkinson's, is boosting the growth of the market in this continent.

Brain Monitoring Study Volume Burgeoning in India

Home to a vast patient pool, India's demand for brain monitoring technologies is skyrocketing. By 2030, over 7.5 million people in the country are expected to get an Alzheimer's diagnosis. Hence, the government is engaging major medical device manufacturers to offer solutions for efficient and long-term encephalopathic monitoring.

Brain Monitoring Market Segmentation Analysis in the Report

Brain Monitoring Market Analysis by Product

Device

By modality

MRI
CT
EEG
PET
Sleep monitoring devices
Cerebral oximeters
EMG
ICP monitors
MEG
TCD

By procedure

Invasive
Non-invasive

Accessories

By type

Electrodes
Sensors
Pastes & gels
Caps
Cables
Batteries
Others

By usability

Disposable
Reusable

Brain Monitoring Market Analysis by Application

Traumatic Brain Injury
Stroke
Dementia
Sleep Disorders
Parkinson's Disease
Epilepsy
Huntington's Disease

Brain Monitoring Market Analysis by End User

Hospitals
Neurology Centers
Ambulatory Surgery Centers (ASCs) & Clinics
Diagnostic Centers

Browse More Reports Published by P&S

Brain Implant Market Analysis, Growth, Development and Demand Forecast to 2030

Brain Modalities and Software Market Analysis, Growth, Development and Demand Forecast to 2030

Brain Health Supplements Market Analysis, Growth, Development and Demand Forecast to 2030

About P&S Intelligence

P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.

Contact:
Prajneesh Kumar
P&S Intelligence
Phone: +1-347-960-6455
Email: [email protected]
Web: https://www.psmarketresearch.com
Follow Us: LinkedIn Twitter

Logo: https://mma.prnewswire.com/media/1224988/P_and_S_Intelligence_Logo.jpg

SOURCE P&S Intelligence