The [FURL=https://www.industryarc.com/Report/15166/brain-monitoring-market.html]Brain Monitoring Market[/FURL] size is forecast to reach $8.91 billion by 2025, growing at a CAGR of 6.67% during the forecast period 2020-2025. Brain monitoring devices are used to monitor and diagnose Neurological conditions by exploring the structure and function of the brain. This process involves the use of several brain monitoring devices such as electroencephalography devices, intracranial pressure monitors, and magneto encephalography to track brain functions. Growing number of Traumatic brain injuries and increasing applications of brain monitoring is the major factor driving the growth of the market. Rising awareness of neurodegenerative diseases is set to further enhance the overall market demand for the Brain Monitoring Market during the forecast period 2020-2025.Key Takeaways
North America dominated the Brain Monitoring Market in 2019 owing to the growing incidence of neurological diseases, a growing number of clinical trials of brain monitoring products, and the availability of medical reimbursement. The Brain Monitoring Market scope for different regions will be provided in the final report.
Increasing incidence and prevalence of neurological disorders and the increasing demand for non-invasive and minimally invasive devices is likely to aid in the market growth of the Brain Monitoring Market.
Research high cost of complex brain monitoring procedures and devices are poise to create hurdles for the Brain Monitoring Market.
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Brain Monitoring Market Segment Analysis - Geography
North America dominated the Brain Monitoring Market in 2019 with a share of more than 41.2%, followed by the Asia Pacific owing to the growing incidence of neurological diseases. A growing number of clinical trials of brain monitoring products and the availability of medical reimbursement in the US is also increasing the growth of the Brain Monitoring market in this region.
However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2020-2025 owing to the increase in the number of geriatric population and people suffering from chronic diseases and a rise in the purchasing power of countries in the region.
Brain Monitoring Market Drivers
Increasing incidence and prevalence of neurological disorders
The increasing demand for non-invasive and minimally invasive devices
Brain Monitoring Market Industry Outlook : Brain Monitoring Market, the top 10 companies are Natus Medical, Inc., Nihon Kohden Corporation, Philips Healthcare, GE Healthcare, Siemens Healthineers, Compumedics, Ltd. , Medtronic, CAS Medical Systems, Inc., Drägerwerk AG & Co. KGaA, Advanced Brain Monitoring, Masimo Corporation, Spiegelberg GmbH & Co. KG, Cadwell Industries, NeuroWave Systems, Inc., Nonin Medical, Inc., Integra LifeSciences Corporation, Neurosoft, and Rimed among others.
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