This market research report by Technavio segments the global brain monitoring devices market by product (EEG, ICP, TCD, MEG, and cerebral oximeter), by application (global epilepsy monitoring devices market and global sleep apnea monitoring devices market), by type (wearable EEG system and conventional EEG system), and by geography (APAC, EMEA, and the Americas). Leading vendors analyzed in this market study are Compumedics, Medtronic, Natus Medical, and Nihon Kohden.
Technavio has released its new market research report, global brain monitoring devices market, which is expected to grow at a CAGR of around 9% between 2015 and 2019. The rising demand for EEG monitoring devices in the ICU management of neurological patients is expected to aid this market’s growth during the forecast period. The Americas dominate the global market for brain monitoring devices, occupying around 47% of the total market share. The region is home to several international vendors who offer EEG, ICP, TCD, and MEG devices and cerebral oximeters. Factors like advances in technology with respect to resolution, portability, and ease of use are expected to account for this region’s high market dominion during the forecast period.
“Of late, the application of health informatics and monitoring solutions have gained prominence in this market. These systems allow physicians to access information from multiple device categories such as cerebral oximeters and capnography monitors. The in-built software transmits medical data to the hospital’s server, which can be viewed on all internet-enabled devices. Physicians are increasingly using these centrally monitored systems to remotely monitor individuals recovering from acute-care situations,” says Imran Mushtaq, Lead Analyst, Healthcare & Lifesciences, Technavio Research.
EEG devices are the most preferred brain monitoring equipment. Besides being cost-effective, these are risk-free and non-invasive. These devices are increasingly being used for benign tests during brain function monitoring and epilepsy diagnosis. aEEG devices are real-time EEG devices, which are used for neonatal brain monitoring. Also, there are automated brain monitoring devices such as the Nicole monitor, which detects seizures, performs suppression analysis, and keeps a comprehensive library of EEG recordings.
The leading vendors in the global brain monitoring devices market include Compumedics, Medtronic, Natus Medical, and Nihon Kohden. This market is highly fragmented due to the presence of multiple local and global players. The large vendors in this market have huge product portfolios and, therefore, dominate the market during the forecast period. Vendors in this market compete with each other to offer the most innovative products, equipment with the highest number of channels or highest resolution, the most compact or portable equipment, and the best customer support services.
A more detailed analysis is available in the Technavio report, Brain Monitoring Devices – Global Market Research 2015-2019.
We can customize this reports by other regions and specific segments upon request.
Other Related Reports:
- Global Deep Brain Stimulator Market 2012-2016
- Global EEG Equipment Market 2015-2019 – Industry Research Report
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