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What Long-Term Growth Rate is Expected for the Brain Health Devices Market Between 2025 and 2034?

The market size of brain health devices has witnessed robust expansion in the past few years. Forecasts indicate that its value is expected to grow from $11.07 billion in 2024 to an estimated $11.9 billion in 2025, representing a compound annual growth rate (CAGR) of 7.5%. The past growth can be credited to a rise in the occurrence of neurological disorders, an increase in the aging population, the development of diagnostic centers and hospitals, improved patient awareness regarding neurological diseases, and enhanced government support.

In the upcoming years, significant expansion is anticipated in the market size of brain health devices. The market is projected to surge to $15.73 billion by 2029, with a compound annual growth rate (CAGR) of 7.2%. The projected growth in this period can be ascribed to refined reimbursement policies, an escalating number of sleep disorder cases, a heightened emphasis on personalized medicine, growing preference for non-invasive procedures, and an increase in regulatory approvals for novel devices. Key trends projected throughout the forecast period encompass technological progression, the incorporation of artificial intelligence, the integration of mobile health applications, the creation of tailored brain health products, and advancements in brain monitoring devices.

Which Factors Are Enhancing the Growth of the Brain Health Devices Market?

The escalating occurrences of neurological disorders are anticipated to boost the brain health devices market’s expansion. Neurological conditions are health ailments that impact the nervous system, comprising the brain, spinal cord, and nerves, resulting in numerous cognitive, motor, and sensory malfunctions. The escalating occurrences of these disorders are principally fueled by an aging populace and increasing incidences of chronic illnesses like diabetes and hypertension. Additional contributing factors include environmental and lifestyle influences, advancements in diagnostic methods, and genetic susceptibilities which are leading to an increased count of reported cases. Brain health devices track brain activity and offer targeted therapies to regulate symptoms, amplify cognitive functions, and enhance patient results. For example, a report by the Alzheimer’s Association, a nonprofit voluntary health organization based in the US, in April 2024 stated that in 2022, 6.5 million Americans aged 65 and above were identified with Alzheimer’s dementia, growing to 6.9 million in 2024. Thus, the escalating occurrences of neurological disorders are propelling the expansion of the brain health devices market.

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What Are the Key Firms That Are Driving Transformation in the Brain Health Devices Market?

Major companies operating in the brain health devices market are:

• Johnson & Johnson Services Inc._x000D_

• Medtronic plc_x000D_

• Siemens Healthineers AG_x000D_

• Koninklijke Philips N.V._x000D_

• GE HealthCare Technologies Inc._x000D_

What Current Trends in the Brain Health Devices Market Should Industry Players Pay Attention To?

Significant players in the brain health devices market are concentrating on the modernization of noninvasive, comfortable monitoring solutions such as brain monitoring systems to enhance diagnostic accuracy, boost patient outcomes, and simplify the management of neurological conditions. Brain monitoring systems offer constant, non-invasive monitoring of brain activity, providing the potential for early detection and treatment of neurological disorders. For instance, Neurosteer Inc., a medical equipment manufacturing company based in the US, received FDA clearance for its single-channel EEG brain monitoring platform in November 2022. This approval allows for the versatile system to be customized for various clinical settings. The platform enables continuous brain monitoring in ICUs for critical interventions and enables early detection of presymptomatic cognitive decline like Alzheimer’s, Parkinson’s, and dementia in physician’s offices.

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How Are Market Segments in the Brain Health Devices Industry Positioned for Long-Term Growth?

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

What Regions Are Driving Expansion in 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.

What Key Parameters Define the Brain Health Devices Market’s Scope?

Brain health devices are tools designed to monitor, assess, or enhance cognitive functions, brain activity, and mental well-being. These devices range from wearable headsets that track brainwave patterns to neurostimulation tools that help manage conditions such as depression or epilepsy. They aim to promote overall brain health, aid in the early detection of neurological disorders, and support cognitive enhancement through various methods, including brain training and biofeedback.

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