What Will The Non-Invasive Brain Trauma Monitoring Devices Market Look Like In 2023?
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 non-invasive brain trauma monitoring devices market report forecasts the non-invasive brain trauma monitoring devices market size to grow to $11.55 Billion by 2027, with a CAGR (compound annual growth rate) of more than 9%.
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Non-Invasive Brain Trauma Monitoring Devices Market Size Forecast
The global non-invasive brain trauma monitoring devices market is expected to grow from $7.19 billion in 2022 to $7.93 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. 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 non-invasive brain trauma monitoring devices market is expected to grow to $11.55 billion in 2027 at a CAGR of 9.8%.
North America held the largest non-invasive brain trauma monitoring devices market share.
Key Non-Invasive Brain Trauma Monitoring Devices Market Driver – Increase In The Prevalence Of Neurological Disorders And Diseases
For instance, the World Health Organization (WHO), a Swiss-based health body of the United Nations, estimates that 50 million people worldwide suffered from epilepsy in 2022, with approximately 80% of those individuals residing in low- and middle-income nations. Therefore, the rise in neurological disorders and diseases will drive the market for non-invasive brain trauma monitoring devices.
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Key Non-Invasive Brain Trauma Monitoring Devices Market Trend – Technological Advancement
Major companies operating in non-invasive brain trauma monitoring devices are developing advanced technologies to strengthen their market position. For instance, in June 2021, FieldLine Inc., a US-based brain imaging manufacturer of quantum sensors, launched the HEDscan system, a wearable, non-invasive magnetoencephalography (MEG) device based on optically pumped magnetometer (OPM) sensor technology. This device generates 3D videos of brain activity by using 128 synchronized quantum magnetic sensors built with FieldLine’s microfabrication techniques.
Non-Invasive Brain Trauma Monitoring Devices Market Segment
1) By Type: Non-invasive Intracranial Pressure Monitor, Non-invasive Cerebral Edema Dynamic Monitor, Other Types
2) By Application: Cardiology, Urology, and Nephrology; Oncology; Gastroenterology; Other Applications
3) By End-User: Hospitals, Neurological Centers, and Other End Users
Non-Invasive Brain Trauma Monitoring Devices Market Major Players and Strategies
Major players in the non-invasive brain trauma monitoring devices market are Covidien PLC, Hitachi Medical Corporation, Koninklijke Philips N.V., NeuroLogica Corp., NeuroWave Systems Inc., Noraxon U.S.A., RAUMEDIC AG, and Sense Neuro Diagnostics.
In November 2022, SonderMind, a US-based digital behavioral health company, acquired Total Brain for an undisclosed amount. Through this acquisition, SonderMind will help their therapists track treatment results, offer enterprise clients population health reporting, and give insurers and healthcare organizations a complete offering. Total Brain is a US-based company operating in brain monitoring.
The Non-Invasive Brain Trauma Monitoring Devices Global Market Report 2023 covers regional data on non-invasive brain trauma monitoring devices market size, non-invasive brain trauma monitoring devices market trends and drivers, opportunities, strategies, and non-invasive brain trauma monitoring devices market competitor analysis. The countries covered in the non-invasive brain trauma monitoring devices 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.
The term “non-invasive brain trauma monitoring devices” refers to devices that aid in monitoring neural and electrical activity and the pressure surrounding the brain. These devices help analyze the blood flow rate in the brain’s arteries and veins in cases of brain death, trauma-related brain injury, epilepsy, and other conditions of this nature.
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