Wireless Brain Sensor Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020-2026
The wireless
brain sensor market is projected to gain market revenue of US$ 2,903.8
million by 2026, growing at a CAGR of 9.3% during the forecast period
2020-2026. The advances in science and technology have led to a great
advancement in healthcare. This has resulted in the growth of the life span of
humans as several medicines and procedures are available to overcome these
diseases. The years of living have increased however, the years of healthy
living are greatly impacted. The rising geriatric population has resulted in
the growing prevalence of neurological disorders. Moreover, rising stress
levels are also affecting mental health. These factors will act as drivers for
the growth of the wireless brain sensors market. However, privacy issues and
government regulations on these devices will hamper market growth. Globally, the burden of neurological disorders, as measured
by the absolute number of DALYs, continues to increase. As populations are
growing and aging, and the prevalence of major disabling neurological disorders
steeply increases with age, governments will face increasing demand for
treatment, rehabilitation, and support services for neurological disorders. The
scarcity of established modifiable risks for most of the neurological burden
demonstrates that new knowledge is required to develop effective prevention and
treatment strategies. This will raise the adoption of Wireless Brain
Sensors services and will result in the rising entry of players in this domain
and will change the market scenario.
For Regional/country-level
analysis of the overall sales and adoption of wireless brain sensor technology
browse through - https://univdatos.com/report/wireless-brain-sensors-market-current-analysis-and-forecast-2020-2026
The portability or
handiness of a device is the major factor that is affecting the market.
Wireless brain sensors are used in neuromonitoring devices in order to make
them portable. Based on product type the global
wireless brain sensors market is bifurcated into Electroencephalography,
sleep monitoring devices, magnetoencephalography (MEG), Transcranial Doppler
(TCD) Devices, Intracranial Pressure (ICP) Monitors, Other (Accessories). These devices measure the brain waves that are
transmitted in the form of electric impulses. Moreover, the movement of a
person that is made during sleep is recorded and this data is then used in an
'algorithm' to estimate sleep time and quality. Electroencephalography
(EEG) dominated the Wireless brain sensors market in 2019, generating revenue
of US$ 525.07 million. However, Sleep Monitoring Devices are expected to
witness a CAGR growth of 9.8% during the forecast period 2020-2026. Based on
medical conditions, the global Wireless Brain Sensors market is segmented into Parkinson’s disease, Alzheimer’s disease, sleep
disorders, traumatic brain injuries, epilepsy, migraine, Stroke and others. Application of wireless brain sensors for
Traumatic Brain Injuries occupied the largest share of 24.6% in 2019. Hospitals, Diagnostic Centers, Research Institutes among others
were the major end-user segments of the wireless brain sensors technology. The
hospital segment dominated the market in 2019 and is expected to generate
revenue of US$ 1,460.18 million by 2023.
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For in-depth
understanding of the market and to analyze the overall adoption of Wireless
Brain Sensors, the industry is analyzed based on geographies and countries
comprising of North America (US, Canada, Rest of North America), Europe
(Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China,
Japan, India, Australia, South Korea, Rest of Asia-Pacific) and Rest of the
world. Due to the rising awareness towards Wireless Brain Sensors services and
rising disposable income North America dominated the market and is expected to
generate revenue of US$ 860.28 million in 2020. Further, the rise in the geriatric
population in Europe and APAC is estimated to fuel the Wireless Brain Sensors
market in both the regions in the upcoming years. Europe and Asia-Pacific
regions are expected to witness the highest CAGR of 10.0% and 9.9% respectively
during the analyzed period.
For Regional/country-level
analysis of the overall development in the wireless brain sensor technology
browse through - https://univdatos.com/report/wireless-brain-sensors-market-current-analysis-and-forecast-2020-2026
Some of the major
players profiled in the global Wireless Brain Sensors study include EMOTIV Inc,
Advanced Brain Monitoring, Inc., Muse, Neurosky, Neuroelectrics, Cognionics,
Inc., Wearable Sensing, Bitbrain Technologies, Compumedics Neuroscan, Brain
Products Gmbh. Several M&A’s along with partnerships have been undertaken
by these players to facilitate costumers with hi-tech and innovative products.
Recently, the industry has witnessed the emergence of numerous start-ups
majorly in developed and developing countries.
Global
Wireless Brain Sensors Market Segmentation
Market
Insights, by Product
Electroencephalography
(EEG) Devices
Sleep Monitoring
Devices
Magnetoencephalography
(MEG) Devices
Transcranial Doppler
(TCD) Devices
Intracranial
pressure (ICP) Monitors
Other (Accessories)
Market
Insights, by Medical Condition
Parkinson’s Disease
Alzheimer’s Disease
Sleep Disorders
Traumatic Brain
Injuries
Epilepsy
Migraine
Stroke
Other Medical
Condition
Market
Insights, by End-Users
Hospitals
Diagnostic Centres
Research Institutes
Others
Market
Insights, by Region
North
America Wireless Brain Sensors market
United States
Canada
Rest of North
America
Europe
Wireless Brain Sensors market
Germany
UK
France
Italy
Spain
Rest of Europe
Asia
Pacific Wireless Brain Sensors market
China
Japan
India
Australia
South Korea
Rest of
Asia-Pacific
Rest of
the World Wireless Brain Sensors market
Top
Company Profiles
EMOTIV Inc
Advanced Brain
Monitoring, Inc.
Muse
Neurosky
Neuroelectrics
Cognionics, Inc.
Wearable Sensing
Bitbrain
Technologies
Compumedics
Neuroscan
Brain Products Gmbh
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UMI understands
that you may have your own business need, hence we also provide fully
customized solutions to clients. The Global Wireless
Brain Sensors Market can be customized to the country level or any
other market segment.
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Labels: Healthcare, Healthcare Market, wireless brain sensors, wireless brain sensors market, wireless brain sensors research
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