Brain Health Devices Market Size & Growth Analysis to 2030

The global brain health device market size was estimated over USD 9 billion in 2019 and expected to grow at a significant CAGR of 7.6% over the forecast period 2020 to 2027. The brain health device market is driven by factors such as an increase in the prevalence of neurological disorders, a rise in the geriatric population, awareness of neurological disease and treatment. Brain health devices such as MRI, MEG, EEG, CT scan, transcranial Doppler (TCD) devices, etc. are being commonly used to monitor brain activity and also to analyze the anesthesia and sedative effect. Rise in traumatic brain injury (TBI), stroke and cardiac procedures are the key factors increasing the demand of the brain health devices market. With advent of technological taking place in terms of functionality and efficiency has led to high adoption rate of the novel technically advanced monitoring devices in the brain health device market.

Market Insights:

With the time paradigm shift in demography is observed with the surge in the geriatric population which led to an increase in the number of neurological disorders such as Alzheimer’s disease, Parkinson’s disease, and other forms of dementia. Almost a billion people are affected by neurological disorders according WHO studies. The global brain health device market is driven by rise in geriatric population and further escalation of neurological disorder. Commonly used brain monitoring devices computed tomography (CT), electroencephalogram (EEG), magnetic resonance imaging (MRI) are used to monitor the brain activity and understand the condition of the patient. There is being change in treatment stratagem with tie up of health policymakers and health care providers, awareness about neurological disorders. The brain health device market is witnessing growth due to the rise in the incidence of traumatic brain injuries and the number of post-surgical cerebrovascular accidents.

Market Segment Insights:

On the basis of segmentation, the global brain health devices market is majorly segmented by product type into computed tomography (CT), electroencephalogram (EEG), magnetoencephalogram (MEG), magnetic resonance imaging (MRI), intracranial pressure (ICP) monitors , transcranial doppler (TCD) devices, , cerebral oximeters and Others (positron emission tomography (PET) devices, sleep monitoring devices, electromyography (EMG) device). On the basis of therapeutic applications, the global brain health devices market majorly include dementia, epilepsy, stroke,  Parkinson’s disease, headache disorders, Huntington’s disease, traumatic brain injuries, sleep disorders and other diseases (schizophrenia, autism, williams syndrome, depression, landau-kleffner syndrome, dyslexia, attention-deficit hyperactivity disorder, , and sickle-cell disease)

The brain monitoring market mainly consists of Electroencephalogram (EEG), Magnetoencephalogram (MEG), Magnetic Resonance Imaging (MRI), Computed Tomography (CT), Positron Emission Tomography (PET) Devices, and Transcranial Doppler (TCD) Devices. Among the considered device types, electroencephalogram segment dominates the brain monitoring market, as these devices are the most versatile and cost-effective. Intracranial pressure (ICP) monitors and cerebral oximeters are the fastest-growing segments.

The brain monitoring market by therapeutic application majorly consists of stroke, Epilepsy, and Parkinson’s Disease. Stroke dominates the brain monitoring market followed by epilepsy and Parkinson’s Disease.

Global Brain Health Devices Market Segmentation:

By Product Type, 2018–2027 ($ Million)

• Electroencephalogram (EEG)
• Computed Tomography (CT)
• Magnetic Resonance Imaging (MRI)
• Magnetoencephalogram (MEG)
• Transcranial Doppler (TCD) Devices
• Intracranial Pressure (ICP) Monitors
• Cerebral Oximeters
• Others (Positron Emission Tomography (PET) Devices, Sleep Monitoring Devices, Electromyography (EMG) Devices)

By Therapeutic Application, 2018–2027 ($ Million)

• Epilepsy
• Stroke
• Dementia
• Parkinson’s Disease
• Huntington’s Disease
• Headache Disorders
• Traumatic Brain Injuries
• Sleep Disorders
• Other Diseases (Autism, Schizophrenia, Williams Syndrome, Landau-Kleffner Syndrome, Depression, Attention-deficit Hyperactivity Disorder, Dyslexia, and Sickle-cell Disease)

By Geography, 2018-2027 ($ Million)

• North America
• Europe
• Asia Pacific
• Latin America (LATAM)
• Middle East and Africa (MEA)

Regional Insights:

North America occupies the largest regional share in the global brain health devices market due to rise incidence of neurological disorders, awareness about Parkinson’s disease and Alzheimer’s disease and, the high adoption rate for new technology, technological advancement, and organized reimbursement policies. The Asia Pacific is anticipated to be the fastest-growing regional market due to factors such as rising awareness of neurodegenerative diseases, rapidly increasing geriatric population, improvement in healthcare infrastructure in emerging economies.

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Market Competition Assessment:

Key players in the brain health devices market are GE Healthcare, Covidien PLC, Advanced Brain Monitoring, Bio-Signal Group, BrainScope Company, Cadwell Laboratories Inc, Elekta A.B, Compumedics Ltd., Integra Life Sciences Corporation, DePuy Synthes Companies, and others.

List of Key Companies:

• Advanced Brain Health Devices
• BrainScope Company
• Bio-Signal Group
• Cadwell Laboratories, Inc.
• CAS Medical Systems, Inc.
• Covidien PLC
• Compumedics Ltd.
• DePuy Synthes Companies
• Elekta A.B
• Electrical Geodesics Incorporated
• Integra Life Sciences Corporation
• GE Healthcare
• Medtronic Plc.
• MEG International Services Ltd.
• Natus Medical, Inc.
• Neurowave Systems
• Nihon Kohden Corporation
• Philips Healthcare
• Siemens Healthineers

Key Questions Answered by Brain Health Devices Market Report

• Global brain health devices market forecasts from 2020-2027
• Regional brain health devices market forecasts from 2020-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
• Country level forecasts from 2020-2027 covering 15 major countries from aforementioned regions
• Brain Health Devices submarket forecasts from 2020-2027 covering the market by product type, by application, and geography
• Various industry models such as SWOT analysis, Pestle Analysis, Porter’s Five Force model, Value Chain Analysis pertaining to brain health devices market
• Analysis of the key factors driving and restraining the growth of the global, regional and country level brain health devices markets from 2020-2027
• Competitive Landscape and market positioning of top 10 players operating in the brain health devices market