Brain Monitoring Devices Global Market

–Forecast to 2026

Brain Monitoring Devices Global Market is estimated to be worth $8.9 billion by

2026

IQ4I Research & Consultancy published a new report on “Brain Monitoring Devices
Global Market – Forecast To 2026” This report analyzes and studies the overall market,
major Drivers & Opportunities, Restraints & Threats in North America, Europe, Asia-Pacific
and Rest of the World.

IQ4I’s Report Contains 156 market data tables and 163 figures spread through 514
pages and an exhaustive TOC on “Brain Monitoring Devices Global Market”,
[PRODUCTS: (EEG {8, 21, 25, 32, 40, multi-channel}, MEG, ICP, TCD, EMG, Cerebral
oximeter, MRI {Low & Middle, High, Very high}, CT {low, medium, high}, PET, Sleep
monitoring, Others) APPLICATIONS: (Neurodegenerative (Alzheimer’s, Parkinson’s,
Epilepsy, others), neurovascular, TBI, Brain Tumor, Sleep Disorders (Insomnia, Sleep
Apnea, Sleep Movement Disorder, others), Psychiatric & Behavior(Schizophrenia,
Bipolar disorder, others), others {Surgery, Hydrocephalus, others}), END-USERS:
(Hospitals, Homecare, Sleep Centers, ASC, Diagnostics Labs, others), REGIONAL:
(North America {U.S., and Rest of N.A.}, Europe {Germany, France, Italy and Rest of
Europe}, Asia Pacific {Japan, China, India and Rest of APAC}, and Rest of the World
{Brazil, Rest of Latin America, Middle East and Others})]

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, magnetoencephalography and other devices to track brain functions. Also, these
devices used to monitor neural and electrical activity in the brain. According to WHO,
Globally, about 275-300 million people are suffering from neurological conditions that require
the use of different devices that monitor the activity of the brain for diagnosis and during
treatment.

According to IQ4I analysis, the brain monitoring devices global market is expected to grow at
mid single digit CAGR of from 2019 to 2026 to reach $8,855.9 million by 2026. The factors
such as growing incidence and prevalence of neurological disorders, rising awareness about
neurodegenerative disorders, growing healthcare spending in brain monitoring are driving
the market growth, increasing focus on minimally invasive brain activity, technological
advancements such as dissolvable brain implants, diffused optical tomography, artificial
intelligence, Ear-EEG and others are providing opportunities for the growth. Whereas, the
high cost of complex devices and lack of skilled neurologists are restraining the market
growth. The threat to the brain monitoring devices market includes stringent regulatory
requirements for new products and unfavorable reimbursement policies.

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Brain Monitoring Devices Global Market

–Forecast to 2026

The brain monitoring devices global market is segmented based on products, applications,
modality, and end-users. Among the products segments, MRI accounted for the largest
revenue in 2019 as MRI is widely used for the diagnosis and staging of various neurological
conditions and provides high contrast images which are driving the growth of the MRI
scanners segment. EEG is expected to grow at a high single digit CAGR from 2019 to 2026
owing to the increase in demand for advanced imaging techniques and increasing
investments by device manufacturers. Furthermore, a surge in demand for diagnosis of
critical disorders such as epilepsy has further influenced companies to focus on the
development of brain monitoring EEG devices.

Among the applications, Sleep disorders segment accounted for the largest revenue in 2019
and Traumatic brain injury segment is expected to grow at a high single digit CAGR 2019 to
2026 due to the growing incidence of TBI’s across the globe due to the rise in the incidence
of accident cases, leading to the high demand for the management of these cases-which
requires the intensive use of brain monitoring devices.

Among the brain monitoring devices market based on the modality stationary accounted for
the largest revenue in 2019 and the portable segment is expected to grow at a mid single
digit CAGR from 2019 to 2026.

In the end-user market, hospitals segment accounted for the largest revenue in 2019 and is
expected to grow at a strong mid single digit CAGR from 2019 to 2026 by 2026. Brain
monitoring is a complex process, requiring expensive and advanced devices and equipment
that are mainly found only in hospitals.

The brain monitoring devices market based on geography is segmented into North-America,
Europe, APAC and the Rest of the world. North America accounted for the largest revenue
in 2019 and due to increase in healthcare expenditure, increase in funding and R&D
investments for the development brain monitoring devices. APAC is expected to grow at a
high single digit CAGR from 2019 to 2026 due to increasing awareness of the disease and
the adoption of various treatment options.

Technological advancements like dissolvable brain implants, diffused optical tomography,

artificial intelligence, Ear-Encephalography, Functional near-infrared spectroscopy,
Intracranial Electroencephalography, Multi-electrode Array and Diffusion Tensor Imaging
Tractography are driving the adoption of brain monitoring devices.

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Brain Monitoring Devices Global Market

–Forecast to 2026

Approvals, agreements, and acquisitions are driving the brain monitoring devices market
growth. For example, In March 2020, Philips entered into a strategic partnership with
Paracelsus Clinics for the next eight years. The agreement enables the modernization of the
Paracelsus clinic’s medical imaging systems, and maximizes the availability of imaging
systems and standardizes equipment operations. The training of staff and procuring new
devices will be taken care of by Philips. In November 2019, Siemens Healthineers received
FDA approval for a new CT imaging device Somatom X.Cite that’s powered by artificial
intelligence. Somatom X.Cite is the first CT scanner launched using my exam Companion.
Siemens analyzed almost 200,000 scan protocols using artificial intelligence to build the
interface, with clinical experts also contributing feedback.

Considering the attractiveness of the brain monitoring devices market, several venture
capitalists are investing in nurturing new technologies or increasing market access for
advanced technologies. According to IQ4I Analysis, the reported funding received by
companies during the period 2018-2020 was worth ~ $XX million. For instance, In March
2020, Zeto received $7.3 million from Seraph Group, Aphelion Capital, SV Tech Ventures,
and Shangbay Capital. The funding will be utilized for commercialization of their lead product
EEG Headset and software platform, and develop new products to expand the company’s
portfolio. The brain monitoring global market is consolidated with the top 6 companies
occupying close to 60% of the market in 2019.

Device cost plays crucial role in adoption of brain monitoring devices, according to IQ4I
analysis, the average selling price (ASP) of the EEG is considered to be $XX in North
America where as the same in APAC region is $XX, this high cost is inhibiting the adoption
and only XX were estimated to have been sold. Similarly, the ASP of ICP is considered to be
$XX in Europe and $XX in RoW, the expensiveness of the advanced device is inhibiting its
penetration resulting in sale of an estimated only XX units in RoW. Average life span of brain
monitoring devices is XX to XX years, for example, ICP X years, whereas that of EEG X
years respectively.

Major players in brain monitoring devices market are Medtronic, PLC (Ireland), Integra
Lifesciences (U.S.), Masimo Corporation (Switzerland), GE Healthcare (U.S.), Koninklijke
Philips N.V. (The Netherlands), Nihon Kohden (Japan), Natus medical Incorporated (U.S.),
Siemens Healthineers (Germany), Resmed, Inc. (U.S.) and Vyaire Medical, Inc. (U.S.).

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Brain Monitoring Devices Global Market

–Forecast to 2026

Some of the emerging players in the brain monitoring devices market are Edwards
Lifesciences (U.S.), Compumedics, Limited. (Australia), Cadwell Industries, Inc. (U.S.),
Rimed AG (Switzerland), York Instruments (U.K.), Nonin Medical, Inc. (U.S.) and other
companies.

Reasons for buying this report:

 Brain Monitoring devices global market is expected to reach $8,855.9 million by 2026
growing at mid single digit CAGR from 2019 to 2026.
 Identification and analysis of the brain monitoring devices market segments by-
products, Applications, modality, end-users, and geography.
 Analysis of the global market by identifying various sub-segments of the brain
monitoring devices market.
 Revenue forecast of the brain monitoring devices market and strategic analysis of
each submarket for individual growth trends.
 Revenue forecast of the brain monitoring devices market for North America (U.S. and
Rest of N.A.), Europe (Germany, France, U.K. and Rest of Europe), Asia-Pacific
(Japan, China, India and Rest of APAC) and RoW (Brazil, Rest of Latin America, and
the Middle East & Others) regions.
 Identification of the major market trends and factors driving or inhibiting the growth of
the brain monitoring devices global market and its various sub-markets.
 Analysis of the opportunities for stakeholders by identifying the high-growth
segments of the market.
 Units sold and installed bases calculations of EEG, ICP, EMG, TCD, cerebral
oximeter and polysomnography by region and country wise.
 Porter’s analysis, funding scenario, deals (Collaboration, agreements, Partnership,
Acquisition)
 Profiles of major players in the brain monitoring devices with details of their product
offerings, business strategies, SWOTs,
 Market shares for EEG, ICP, TCD, EMG, Polysomnography, and Cerebral Oximeter,
reimbursement, technological advancements, and supply chain analysis

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Brain Monitoring Devices Global Market

–Forecast to 2026

FIGURE 1

BRAIN MONITORING DEVICES GLOBAL MARKET SEGMENTATION

BRAIN MONITORING DEVICES GLOBAL MARKET

Products Application Modality End-Users

Electroencephalo Neurodegenerativ
gram Stationary Hospitals
e disorders
Magnetic Neurovascular
encephalogram Portable Home care
diseases
Intracranial
Traumatic Brain Sleep Centers
Pressure devices Wearable
Injury
Transcranial Ambulatory
Doppler system surgical centers &
Brain Tumor
clinics

Electromyograph Diagnostic
Sleep Disorders laboratories

Cerebral Oximeter Psychiatric and Others

behavioral
Magnetic
Resonance
Imaging Others
Computed
Tomography

Positron Emission
Tomography

Sleep Monitoring
Devices

Others

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