In 2015 neurological disorder constituted about 6.3% of the global burden of disease, among which more than half of the burden in DALYs (disability-adjusted life years) is contributed by cerebrovascular disease, 12% by Alzheimer and other dementias and 8% each by epilepsy and migraine according to WHO. Prevalence of neurological disorders and awareness of the disease and treatment is responsible for driving the significance of brain health devices. Rise in traumatic brain injury (TBI), stroke and cardiac procedures are the key factors increasing the demand of the brain health devices market. Devices such as EEG, MEG, MRI, CT scan, transcranial Doppler (TCD) devices, intracranial pressure (ICP) monitors, cerebral oximeters etc. are being widely used to monitor brain activity and also to analyze the anesthesia and sedative effect. Along with increase in geriatric population, technological advancement taking place in devices with respect to functionality and efficiency also plays an important role in high adoption rate of the novel technically advanced monitoring devices in the market.
The report titled “Brain Health Devices Market - Growth, Future Prospects and Competitive Analysis, 2016–2024” offers strategic insights into the overall brain health devices market along with the market size and estimates for the duration 2014 to 2024. The said research study covers in-depth analysis of multiple market segments based on type of product, therapeutic application and different geographies. The product type segment studied for analyzing the overall global brain health devices market is majorly segmented into electroencephalogram (EEG), computed tomography (CT), magnetic resonance imaging (MRI), magnetoencephalogram (MEG), transcranial doppler (TCD) devices, intracranial pressure (ICP) monitors, cerebral oximeters and Others (positron emission tomography (PET) devices, sleep monitoring devices, electromyography (EMG) device). The therapeutic applications studied for analyzing the overall global brain health devices market majorly include epilepsy, stroke, dementia, Parkinson’s disease, Huntington's disease, headache disorders, traumatic brain injuries, sleep disorders and other diseases (autism, schizophrenia, williams syndrome, landau-kleffner syndrome, depression, attention-deficit hyperactivity disorder, dyslexia, and sickle-cell disease)
Market size and forecast for these regional and country level markets are presented in this study for the period 2014-2024. Market growth rates for the forecast period 2016-2024 are also included in this report, considering 2015 as the base year.
Along with quantitative information, qualitative information sets and assessment tools are provided in this study for better analysis of the overall market scenario and future prospects. Information such as market inclination insights and drivers, challenges and opportunities assists the readers for understanding the ongoing trends in the global brain health devices market. Tools such as market positioning of key players and attractive investment proposition provide the readers with insights on the competitive scenario of the global brain health devices market. This report concludes with company profiles section that highlights major information about the key players engaged in global brain health devices market. In-depth competitive environment analysis and historical (2014) market size data are also provided in the report.
Based on the type of therapeutic application, the brain health devices market is segmented as follows:
The brain health devices market by therapeutic application majorly consist of stroke, Epilepsy and Parkinson’s disease. Stroke dominates the brain monitoring devices market followed by epilepsy and Parkinson’s disease. According to the World Health Organization, around 15 Mn people suffer from stroke worldwide each year. Epilepsy is one of the most common neurological disorders observed worldwide and across all the age groups. It is a recurrent seizure that causes brief episodes of involuntary movement of entire body or part of the body. It accounts for 0.6% of global burden of disease. It affects economically in terms of loss of productivity, health care needs and premature death.
Based on the type of devices, the brain healthmonitoring devices market is segmented as follows:
Among the considered device types, electroencephalogram segment dominates the brain monitoring market, as these devices are the most versatile and cost effective. EEG is extensively used in clinics and hospitals to assess the activity of anesthesia and sedatives. It is widely used to diagnose sleep disorders, epilepsy, and encephalopathy. Intracranial pressure (ICP) monitors and cerebral oximeters are witnessing fast growth due to rise in traumatic brain injuries and risk of hypotension or hypoxia caused during or post-surgical accidents.
In 2015, North America dominated the global brain health devices market due to contributing factors such as high incidence of neurological disorders, rapid adoption of sophisticated healthcare technologies, high awareness about conditions such as epilepsy, Alzheimer’s and Parkinson’s disease, organized reimbursement system and well developed healthcare infrastructure. Furthermore, 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, Philippines etc.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Brain Health Devices market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
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Applications
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
