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How has the brain health devices market grown in recent years?

In recent years, there has been a robust growth in the market size of brain health devices. The market, which is currently valued at $11.07 billion in 2024, is projected to increase to $11.9 billion in 2025, representing a compound annual growth rate (CAGR) of 7.5%. Several factors have contributed to this historic surge, including an increased incidence of neurological disorders, a rise in the elderly population, an expansion in the number of diagnostic centers and hospitals, heightened patient awareness about neurological conditions, and enhanced government support.

How is the brain health devices market size expected to evolve during the forecast period?

In the ensuing years, the market size for brain health devices is anticipated to experience robust growth. It’s projected that by 2029, the market will have expanded to $15.73 billion, with a compound annual growth rate (CAGR) of 7.2%. The forecasted growth is linked to factors such as improved reimbursement policies, an increase in sleep disorder cases, an escalated focus on tailor-made medicine, a growing demand for non-invasive procedures, and a rise in regulatory approvals for innovative devices. The forthcoming period will see notable trends such as technological advancements, the incorporation of artificial intelligence, the assimilation of mobile health applications, the creation of personalized brain health products, and advancements in devices that monitor brain activities.

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Which key drivers are propelling the brain health devices market’s growth?

The escalation in neurological disorders is anticipated to fuel the expansion of the brain health devices market. Neurological disorders, which may lead to various motor, sensory, and cognitive dysfunctions, are medical conditions that afflict the nervous system covering the brain, spinal cord, and nerves. The rise in such disorders is predominantly due to an aged population and an increased rate of chronic diseases such as diabetes and hypertension. Furthermore, environmental and lifestyle components, coupled with advancements in diagnostic procedures and genetic predispositions, are adding to more reported cases. Brain health devices that track brain activity and administer focused therapies to control symptoms, boost cognitive capabilities, and enhance patient results are becoming increasingly necessary. For instance, the Alzheimer’s Association, a nonprofit voluntary health organization based in the US, reported in April 2024 that 6.5 million Americans over 65 were diagnosed with Alzheimer’s dementia in 2022, a figure that rose to 6.9 million in 2024. Thus, the escalation in neurological disorders is driving the growth of the brain health devices market.

What are the market segments in the brain health devices industry?

The brain health devices market covered in this report is segmented –

1) By Device Type: Magnetic Resonance Imaging, Magneto Encephalogram, Computed Tomography, Transcranial Doppler Device, Other Device Types

2) By Procedure: Invasive, Non-Invasive

3) By Application: Sleep Disorders, Accidental Injuries, Alzheimer’s Disease, Epilepsy, Stroke, Other Applications

4) By End-User: Hospitals And Clinics, Diagnostic Imaging Centers, Homecare Settings, Assisted Living Facilities, Other End-Users

Subsegments:

1) By Magnetic Resonance Imaging (MRI): Functional MRI (fMRI), Diffusion Tensor Imaging (DTI), MRI Spectroscopy

2) By Magnetoencephalogram (MEG): Whole-Head MEG Systems, Cooled MEG Systems

3) By Computed Tomography (CT): Standard CT Scanners, CT Angiography, High-Resolution CT Scanners

4) By Transcranial Doppler Device: Handheld Transcranial Doppler Devices, Portable Transcranial Doppler Devices

5) By Other Device Types: Electroencephalogram (EEG) Devices, Positron Emission Tomography (PET) Scanners, Near-Infrared Spectroscopy (NIRS) Devices

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Which leading companies are shaping the growth of the brain health devices market?

Major companies operating in the brain health devices market are Johnson & Johnson Services Inc., Medtronic plc, Siemens Healthineers AG, Koninklijke Philips N.V., GE HealthCare Technologies Inc., Boston Scientific Corporation, electroCore Inc., Masimo Corporation, Integra LifeSciences Corporation, LivaNova plc, Natus Medical Incorporated, Cadwell Industries Inc., NeuroSky Inc., Neuropace Inc., Compumedics Limited, Magstim Co. Ltd., Mindmaze SA, Brain Products GmbH, Emotiv Inc., Electrical Geodesics Inc., BrainScope Company Inc., Soterix Medical Inc., Advanced Brain Monitoring Inc., Bio-Signal Group Corp., Cognionics Inc

What key trends are currently impacting the brain health devices market’s development?

Top firms in the brain health devices market are steering their focus towards updating noninvasive and comfortable monitoring solutions like brain monitoring systems. The aim is to enhance diagnostic accuracy, improve patient outcomes, and streamline neurological condition management. Brain monitoring systems offer continuous, non-invasive brain activity tracking, facilitating the early discovery and management of neurological diseases. An example of this trend occurred in November 2022, when Neurosteer Inc., a medical equipment manufacturer from the U.S., obtained FDA clearance for its single-channel EEG brain monitoring platform. This approval paved the way for the adaptable platform to be adopted across diverse clinical settings. The platform provides continuous brain monitoring in ICUs for pivotal interventions and enables early recognition of presymptomatic cognitive deterioration, such as Alzheimer’s, Parkinson’s, and dementia, in doctor’s clinics.

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Which geographic areas are influencing the growth of the brain health devices market?

North America was the largest region in the brain health devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the brain health devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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