The global brain monitoring market size is expected to reach USD 10.30 Billion at a steady revenue CAGR of 6.5% in 2030, according to latest analysis by Emergen Research. Rising prevalence of TBI is a major factor driving market revenue growth. Brain monitoring devices are used to monitor and diagnose neurological conditions by exploring structure and function of brain. This method includes use of various brain imaging instruments to monitor brain processes such as electroencephalography devices, intracranial pressure sensors, and magnetoencephalography. For instance, TBI is responsible for around 52,000 fatalities in the U.S. each year. Mortality rate for fatalities outside of the hospital is roughly 17 per 100,000 individuals, while rate for hospitalized patients is approximately 6 per 100,000 individuals. Each year, an estimated 475,000 TBIs occur among children aged 0-14 years. According to National Institutes of Health Consensus Development Panel on Rehabilitation of Persons with TBI, 2.5-6.5 million Americans have TBI-related disability. In addition, increased prevalence of traumatic brain injury leads to increased necessity for brain monitoring, thus driving market revenue growth.
The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in R&D activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.
Competitive Outlook: The leading companies operating in the Brain Monitoring market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Top Companies Operating in the Brain Monitoring Market and Profiled in the Report are:
Natus Medical Incorporated, NIHON KOHDEN CORPORATION, Koninklijke Philips N.V., General Electric, Siemens Healthcare GmbH, Compumedics Limited, Medtronic, Edwards Lifesciences Corporation, Advanced Brain Monitoring, Inc., Drägerwerk AG & Co. KGaA
Objectives of the Report:
Study of the global Brain Monitoring market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
Industrial structure analysis of the Brain Monitoring market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape benchmarking
Analysis of Brain Monitoring market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Brain Monitoring market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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