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Market Research Report

Global Brain Monitoring Market - Segmented by Type of Product, Modality, End User, and Geography - Growth, Trends and Forecast (2018 - 2023)

Published by Mordor Intelligence LLP Product code 390862
Published Content info 110 Pages
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Global Brain Monitoring Market - Segmented by Type of Product, Modality, End User, and Geography - Growth, Trends and Forecast (2018 - 2023)
Published: March 1, 2018 Content info: 110 Pages


The global brain monitoring market is expected to register a CAGR of 8.2% during the forecast period, 2018 to 2023. As the increasing global population presents a huge demand for brain monitoring, more technological advancements can be expected during the forecast period, which will contribute to the growth of the global market.

Rise in the Number of Incidences of Brain Disorders

Brain disorders, including developmental, psychiatric, and neurodegenerative diseases, represent an enormous burden in terms of human suffering and economic cost. Neurological diseases contribute significantly to morbidity and mortality, worldwide. Globally, stroke is the second leading cause of death, after ischemic heart disease. Traumatic brain injury (TBI) is another major contributor to the global disease burden, with 14.8 million TBI cases recorded, globally. In Europe, 35% of the disease burden is estimated to be attributable to brain disorders. Millions of Americans suffer from a variety of mental and neurological health conditions, every year. Over 40 million American adults (1 in 5) have at least one mental health condition. Hence, the increasing prevalence of brain disorders and increasing innovations in diagnostic procedures are boosting the brain monitoring market's growth. Further, the increased aging population and ease of use and portability of devices are driving the brain monitoring market.

Lack of Skilled Personnel to Handle Devices

In spite of investment in innovative device manufacturing, one factor that is holding back few countries is the lack of skilled labor. Lack of highly trained personnel is one of the critical challenges faced by the brain monitoring market, which hampers the market growth in most of the developed and under-developed countries. Other factors, such as regulatory approval costs, are also hindering the market growth.

North America to Dominate the Market

North America dominates the market for brain monitoring, accounting for the highest market value in 2017 and is expected to witness an estimated CAGR of over 7.5% during the forecast period. Moreover, Asia-Pacific is expected to record the highest CAGR during the forecast period. The increasing investments in R&D activities, production, and rising indigenous production are propelling the market in Asia-Pacific.

Key Developments in the Market

February 2018: Elekta's Leksell Gamma Knife Icon Radiosurgery System received clearance from China Food and Drug Administration (CFDA).

January 2018: Masimo got FDA approval for Home Use of Rad-97, which offers noninvasive and continuous monitoring.


Reasons to Purchase the Report

Current and future brain monitoring market outlook in the developed and emerging markets

Analyzing various perspectives of the market with the help of Porter's five forces analysis

The segment that is expected to dominate the market

Regions that are expected to witness the fastest growth during the forecast period

Identify the latest developments, market shares, and strategies employed by the major market players

3-month analyst support, along with the Market Estimate sheet (in excel)

Customization of the Report

This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.

Table of Contents
Product Code: 53942

Table of Contents

1. Introduction

  • 1.1 Market Definition

2. Research Methodology

3. Executive Summary

4. Key Inferences

5. Market Overview

  • 5.1 Current Market Scenario
  • 5.2 Porter's Five Forces Analysis
    • 5.2.1 Bargaining Power of Suppliers
    • 5.2.2 Bargaining Power of Consumers
    • 5.2.3 Threat of New Entrants
    • 5.2.4 Threat of Substitute Product and Services
    • 5.2.5 Competitive Rivalry within the Industry

6. Drivers, Restraints, Opportunities and Challenges Analysis (DROC)

  • 6.1 Market Drivers
    • 6.1.1 Aging Demographic
    • 6.1.2 Rise in Number of Incidences of Brain Disorders
    • 6.1.3 Ease of Use and Portability of Devices
  • 6.2 Market Restraints
    • 6.2.1 Unstable Reimbursement Regulations
    • 6.2.2 Lack of Skilled Personnel to Handle Devices
  • 6.3 Opportunities
  • 6.4 Key Challenges

7. Market Segmentation

  • 7.1 By Products
    • 7.1.1 Magnetoencephalograph
    • 7.1.2 Electroencephalograph
    • 7.1.3 Oximeters
    • 7.1.4 Doppler Devices
    • 7.1.5 Pressure Monitors
    • 7.1.6 Others
  • 7.2 By Modality
    • 7.2.1 Portable Devices
    • 7.2.2 Fixed Devices
  • 7.3 By End User
    • 7.3.1 Hospitals
    • 7.3.2 Diagnostic Centers
  • 7.4 By Geography
    • 7.4.1 North America
      • United States
      • Canada
      • Mexico
    • 7.4.2 Europe
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
      • Rest of Europe
    • 7.4.3 Asia-Pacific
      • China
      • Japan
      • India
      • Australia & New Zealand
      • South Korea
      • Rest of Asia-Pacific
    • 7.4.4 Middle East & Africa
      • GCC
      • South Africa
      • Rest of the Middle East & Africa
    • 7.4.5 South America
      • Brazil
      • Argentina
      • Rest of South America

8. Competitive Landscape

  • 8.1 Mergers & Acquisition Analysis
  • 8.2 Agreements, Collaborations, and Partnerships
  • 8.3 New Products Launches

9. Key Players

  • 9.1 Natus Medical
  • 9.2 Medtronic
  • 9.3 Integra Lifesciences Corporation
  • 9.4 Compumedics
  • 9.5 Nihon Kohden Corporation
  • 9.6 Masimo Corporation
  • 9.7 Elekta
  • 9.8 Advanced Brain Monitoring Inc.
  • 9.9 Cadwell Laboratories Inc.
  • 9.10 Others

10. Future of the Market

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