Global Wireless Brain Sensors Market Insights and Forecast to 2020- 2026
Summary –
A new
market study, “Global Wireless Brain Sensors Market Insights and
Forecast to 2020- 2026 “has been featured on WiseGuyReports.
Global
Wireless Brain Sensors Market was valued at US$ 1,558.2 million in 2019 and is
anticipated to reach US$ 2,903.8 million by 2026 displaying reasonable CAGR of
9.3% over the forecast period (2020-2026). Neurological disorders are
recognized as one of the most prevalent diseases with a higher burden on the
patients, their families, and society. 20 million Americans experience some
form of neuropathy, and about 16% of U.S. households contain an individual with
brain impairment. According to the Federal Interagency Forum on Aging-Related
Statistics, 35.8% of persons aged 85 years and older have moderate or severe
memory impairment. The prevalence of neurological disorders such as Alzheimer’s
and Parkinson’s among others are increasing. Rising technological advancements
have resulted in the advent of wireless brain sensors technology. The wireless
brain sensors can monitor intracranial pressure/temperature and can be deployed
for the monitoring of patients suffering from traumatic brain injuries and
other neurological disorders. The market of Wireless Brain Sensors market is
anticipated to grow enormously owing to factors such as rising geriatric
population, increasing prevalence of neurological disorders and traumatic brain
injuries, increasing stress, escalation penetration of smartphones and the
internet. Moreover, increasing life expectancy due to rising awareness and
better medical facilities would further boost this market, as the prevalence of
age-related neurological disorders has increased over the year, majorly in the
developed countries. Increasing demand for connected devices, ease of use of
such sensors by neurodevelopmental populations is further expected to boom the
industry. However, privacy issues will act as the major challenges in the
growth of this market.
“Brain Sensors are majorly applied in Electroencephalography (EEG) Devices”
Based on product type the global wireless brain sensors market is bifurcated
into Electroencephalography (EEG), sleep monitoring devices,
magnetoencephalography (MEG), Transcranial Doppler (TCD) Devices, Intracranial
Pressure (ICP) Monitors, Other (Accessories). Electroencephalography (EEG)
Device segment dominated the market, generating revenue of US$ 525.07 million
in 2019. Sleep Monitoring Devices are expected to witness a CAGR growth of 9.8%
during the forecast period 2020-2026.
“Wireless Brain sensors are major applications to the treatment and tracking of
Traumatic Brain Injuries”
Based on medical conditions, the global Wireless Brain Sensors market is
segmented into Parkinson’s disease, Alzheimer’s disease, sleep disorders,
traumatic brain injuries, epilepsy, migraine, Stroke and others. Application of
wireless brain sensors for Traumatic Brain Injuries occupied the largest share
of 24.6% in 2019. TBI contributes to worldwide death and disability more than
any other traumatic insult. Epilepsy disease would witness the highest adoption
of brain sensors in the years to come. The segment is expected to grow at a
CAGR of 10.3% during the forecast period.
“Amongst end-user, the hospital was the highest user of Wireless
Brain Sensors, accounting for 66.5% share in 2019”
Hospitals, Diagnostic Centers, Research Institutes among others were the major
end-user segments of the wireless brain sensors technology. The hospital
segment dominated the market in 2019 and is expected to generate revenue of US$
1,460.18 million by 2023. However, the use of these brain sensors in Diagnostic
Centres is expected to witness the highest CAGR growth of 10.1% during the
analysed period.
North America dominated the adoption of
wireless brain sensors technology, generating revenue of US$ 791.43 million in
2019”
For better understanding of the overall adoption
and penetration of wireless brain sensors technology, deep-dive country-level
analysis was conducted for major regions/countries including North America (US,
Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest
of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of
Asia-Pacific) and Rest of the world. In 2019, North America was the largest
market of the technology owing to the high prevalence of age-related
neurological disorders and the rising old age population along with high
awareness among the people. Europe and Asia-Pacific regions are expected to
witness the highest CAGR of 10.0% and 9.9% respectively during the analysed
period.
Competitive Landscape-Top 10 Market Players
EMOTIV Inc, Advanced Brain Monitoring, Inc.,
Muse, Neurosky, Neuroelectrics, Cognionics, Inc., Wearable Sensing, Bitbrain
Technologies, Compumedics Neuroscan and Brain Products Gmbh are some of the
prominent players operating in the Global Wireless Brain Sensors market
industry. Several M&A’s along with partnerships have been undertaken by
these players to facilitate costumers with hi-tech and innovative products.
Reasons to buy:
• Current and future market size from 2019 to
2026 in terms of value (US$)
• Combined analysis of deep-dive secondary
research and input from primary research through Key Opinion Leaders of the
industry
• Country-level details of the overall adoption
of Wireless Brain Sensors market
• A quick review of overall industry performance
at a glance
• In-depth analysis of key industry players
• A detailed analysis of regulatory framework,
drivers, restraints, key trends and opportunities prevailing in the industry
• Examination of industry attractiveness with
the help of Porter’s Five Forces analysis and start-ups
• The study comprehensively covers the market
across different segments and sub-segments of the technology
• Regions/countries Covered: North America (US,
Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest
of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of
Asia-Pacific) and Rest of the world
Customization Options:
UMI understands that you may have your own
business need, hence we also provide fully customized solutions to clients. The
Global Wireless Brain Sensors Market can be customized to the country level or
any other market segment
FOR MORE DETAILS: https://www.wiseguyreports.com/reports/5762637-wireless-brain-sensors-current-analysis-and-forecast-2020
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