Global Brain Health Devices Market Is Expected To Reach US$ 14.6 Bn By 2024 by charliegefen · January 24 Rick Nash Rangers Jersey , 2019
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Brain monitoring devices such as electroencephalogram (EEG), computed tomography (CT), magnetic resonance imaging (MRI) are used to understand the condition of the patient suffering from epilepsy Michael Grabner Rangers Jersey , stroke, dementia, Parkinson鈥檚 disease etc. Along with government initiatives, actions by nongovernmental organizations also play an important role in prevention, diagnosis and management of neurological disorders. Awareness about neurological diseases, partnership with health policy makers and health care providers are bringing about a change in treatment stratagem.
With technological advancement, invasive and non-invasive monitors are used to evaluate and guide the care of patients with brain injury. Rise in incidence of traumatic brain injuries, surgical procedures leading to hypotension or hypoxia conditions are the driving factors supporting the demand for intracranial pressure (ICP) Kevin Shattenkirk Rangers Jersey , cerebral oximeters, etc., that are witnessing growth in brain health devices market.
The brain monitoring market is mainly consist 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 Chris Kreider Rangers Jersey , as these devices are the most versatile and cost effective. Intracranial pressure (ICP) monitors and cerebral oximeters are the fastest growing segment.
As of the current market scenario, North America and Europe dominate the global brain health devices market due to increasing incidence of neurological disorders, technological advancement, awareness about epilepsy, sleep apnea, Alzheimer disease and Parkinson disease, high adoption rate for new technology Marc Staal Rangers Jersey , organized reimbursement policies and well developed healthcare infrastructure. Asia Pacific is the fastest growing regional market driven by factors such as rapidly increasing geriatric population, rising awareness of neurodegenerative diseases, improvement in healthcare infrastructure in emerging economies such as India, China etc.
Market Competition Assessment:
Key players in the brain health devices market are Advanced Brain Monitoring, BrainScope Company, Bio-Signal Group, Cadwell Laboratories Inc, CAS Medical Systems Kevin Hayes Rangers Jersey , Inc., Covidien PLC, Compumedics Ltd., DePuy Synthes Companies, Elekta A.B, Electrical Geodesics Incorporated, Integra Life Sciences Corporation, GE Healthcare J.T. Miller Rangers Jersey , Medtronic Plc., MEG International Services Ltd, Natus Medical, Inc., Neurowave Systems, Nihon Kohden Corporation, Philips Healthcare, Siemens Healthineers and others
Key Market Movements:
According to WHO studies Mika Zibanejad Rangers Jersey , increased life expectancy and reduced fertility have resulted in a demographical transition from predominantly youthful populations to older and ageing ones, causing increase in incidence of neurological disorders such as Alzheimer disease, Parkinson disease and other dementias. Thus increase in prevalence of such conditions is a key driver for the growth of brain health devices market There is a rise in reporting of traumatic brain injuries (TBI), which disrupt the normal function of the brain. In recent times, rise in TBIs incidence is one of the driving factors for brain monitoring device market Advancement of technology in brain health devices, and high adoption rate of the novel technology, preference of non-invasive technology are some of the factors leading to rise in demand of the brain health devices
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