Wireless brain sensors are devices that help detecting the intracranial pressure, monitor the temperature and record brain signaling in the form of brain waves. The devices are predominantly used for patients experiencing conditions such as traumatic brain injury, sleep disorders, Parkinson’s disease, dementia and other neurological conditions. These devices help in monitoring the neurological deviations and provide assistance for improvement of cognitive functionalities. These sensors can be easily accessible from a remote area via wireless connectivity and be integrated with smart phone, tablets or computers, thus be monitored periodically from a homecare environment making the device more cost-efficient. These sensors show a remunerative growth in the forecast period, 2021-2029.

The study report on wireless brain sensors market comprises of strategic insights, market evaluation and forecast assessment. Furthermore, the report also encompasses market size and analysis for the time scale 2019-2029.

Market size evaluation and estimation valued as US$ Mn along with forecast analysis for the aforementioned market segments for the duration 2019-2029 has been incorporated in this report. Additionally, respective compound annual growth rates (CAGRs) for 2021-2029 has also been included, considering the base year to be 2020.

Along with the quantitative aspects of the market the report also comprises of qualitative factors that enables one to gauge the market dynamics in terms of opportunities, drivers and restraints. The wireless brain sensors market is perceived as a much broadened market with maximum opportunities for expansion for the existing and emerging market players. Owing to lesser competitive pool in the market, it leads to birth of newer opportunities for the emerging industries to enter the market with their advanced technologies. An elaborative explanation of competitive landscape, market attraction, industrial partnership and ongoing developments in the wireless brain sensors market has been incorporated in this report. Profiles for the existing market players that dominate the current wireless brain sensors market has also been provided. The industries profiled in this report are EMOTIV Inc., Muse, NeuroSky, Advanced Brain Monitoring, Inc., & Neuroelectrics.

The product type segment is bifurcated on the basis of wireless brain sensors available in the global market viz., EEG devices, sleep monitoring devices and accessories. Among the aforementioned devices, EEG devices grabbed the largest market share. The most outreached device currently in the market is Emotiv’s EPOC+. This devices is wireless in nature, easy to fit and flexible in design. The device is utilized for research and other advanced brain-computer interface applications. The wireless brain sensors are most widely used for treating paralytic patients by enhancing the motor and sensory capabilities, help improve quality of life and for various diagnostic purposes to understand the brain signaling patterns. The aforementioned applications are carried out mostly by the EEG device. Owing to the wide applicability of EEG devices and higher number of EEG devices available in the market, there is an enhanced demand for it, thus encapsulating the largest share in current market and forecast period, 2021-2029.

This segment showcases a highly consolidated market, as wireless brain sensors have high demand in every application. Traumatic brain injury grabs a larger share among all other sub-segments in the wireless brain sensor market owing to its use in treating paralytic patients by enhancing and improving their cognitive functions, restoring lost motor and sensory capabilities and thus improving quality of life. As per the American Speech-Language-Hearing Association at least 1.7 million TBI occurs every year in the USA. Dementia also encapsulates a higher market share owing to brain sensor capabilities of monitoring the brain network and treating memory loss. The wireless brain sensors also attracts epilepsy and sleep disorder market, wherein the brain signals are studied and this device is widely used as a diagnostic tool. Being wireless, this device is monitored remotely and thus timely-based monitoring can be carried out. These advantages in treating neurological disorders has created growth in demand for wireless brain sensors market.

The wireless brain sensors market is segmented into regional markets viz., North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among the aforementioned regions, North America holds the predominant market position for wireless brain sensors owing to better technological advancements, continuous R&D activities due to enhanced investments, widespread presence of wireless brain sensors industries. Europe would also witness a higher growth in the wireless brains sensors market. There have been ongoing developments in the wireless brains sensor domain with greater investments by the European Union, thus creating better technological advancements and enhancing the availability of wireless brain sensors which fuels the demand for it in this market. Furthermore, Asia pacific is projected to show a dramatic growth in the wireless brain sensors market. This growth can be attributed to positive changes and development in health management systems, provision of healthcare reimbursement by private firms, rise in expenditures by government agencies to facilitate healthcare development and increased availability of latest and advanced technologies.  

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 Wireless Brain Sensors market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Wireless Brain Sensors market and their expected impact during the forecast period.

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.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Wireless Brain Sensors market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Wireless Brain Sensors market?
• Which is the largest regional market for Wireless Brain Sensors market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Wireless Brain Sensors market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Wireless Brain Sensors market worldwide?