The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s brain monitoring market report forecasts the brain monitoring market size to grow to $10.12 Billion by 2027, with a CAGR (compound annual growth rate) of more than 8%.

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Brain Monitoring Market Size Forecast
The global brain monitoring market is expected to grow from $6.7 billion in 2022 to $7.42 billion in 2023 at a compound annual growth rate (CAGR) of 10.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The brain monitoring market size is expected to grow to $10.12 billion in 2027 at a CAGR of 8.1%.

North America held the largest brain monitoring market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Brain Monitoring Market Driver ­– Increase In The Incidence And Prevalence Of Neurological Disorders
For instance, according to the World Health Organization (WHO) report, the worldwide occurrence of neurological health problems is expected to reach nearly 103 million by the year 2030. Therefore, the rising demand for increasing incidence and prevalence of neurological disorders is driving the growth of the brain monitoring market.

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Key Brain Monitoring Market Trend – Technological Advancement
Major companies operating in the brain monitoring sector are focused on developing new technological solutions to strengthen their position. For instance, in June 2020, Researchers at the University of Helsinki created an artificial intelligence (AI) technique to analyze viewpoints and draw conclusions based on group brain activity, making testing more efficient and allowing devices to read images straight from the EEG. This infusion has a variety of applications such as clinical diagnostics, soft bioelectronics, wearable devices, and robotics which help the brain monitoring market grow worldwide.

Brain Monitoring Market Segment
1) By Product: Magnetoencephalograph, Electroencephalograph, Cerebral Oximeters, Functional Magnetic Resonance Imaging (fMRI), Intracranial Pressure Monitoring Devices, Other Product Types
2) By Procedure: Invasive, Non-invasive
3) By Application: Parkinson’s Disease, Traumatic Brain Injury, Epilepsy, Dementia, Sleep Disorders, Other Applications
4) By End User: Hospitals and Clinics, Neurology Centres, Ambulatory Surgery Centers, Diagnostic Centers, Other End Users

Brain Monitoring Market Major Players and Strategies
Major players in the brain monitoring market are Natus Medical Inc., Nihon Kohden Corporation, Philips Healthcare, GE Healthcare, Compumedics Ltd., Medtronic, Edwards Lifesciences Corporation, Advanced Brain Monitoring, Masimo Corporation, Spiegelberg GmbH & Co. KG, Cadwell Industries, Elekta A.B, Drägerwerk AG & Co. KGaA, and Electrical Geodesics.

In October 2021, Brain Scientific Inc., a Florida-based neurology-focused medical device and software company, merged with Piezo Motion Corp. Through this merger, the company’s entire market reach increased, and its capacity to launch novel disruptive products increased. Piezo Motion Corp. is a Florida-based innovator of high-precision motion technology.

The Brain Monitoring Global Market Report 2023 covers regional data on brain monitoring market size, brain monitoring market trends and drivers, opportunities, strategies, and brain monitoring market competitor analysis. The countries covered in the brain monitoring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Brain monitoring refers to a set of continuous online monitoring, which substantially measures the particle velocity of cerebral blood flow and volume wave in the brain. Brain monitoring is used for individualized patient management such as brain and neuro-related diagnostics and treatment purposes.

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