Brain Monitoring Devices Market Estimated to be Valued USD 9.86 Billion By 2030

Global brain monitoring devices market was valued at USD 5.76 billion in 2021 and is expected to reach USD 9.86 Billion By 2030, growing at a CAGR of 6.6% during the forecast period.

Increasing prevalence of traumatic brain injuries, the increasing demand for non-invasive treatments, coupled with the rising adoption of this equipment for therapeutic applications, are expected to increase the demand for the product during the projected period. Furthermore, expanding healthcare infrastructure along with advancement in miniature technologies in developing and developed nations are expected to create lucrative opportunities for market development.

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Additionally, the increasing presence of the geriatric population coupled with rising cases of neurological disorders has increased the adoption of these devices. Moreover, innovation in these technologies such as wireless monitoring, easy-to-use, non-invasive, and others is expected to increase the market demand for these devices over the forecast years.

Owing to an increase in head injury, an increasing adoption percentage of non-invasive technologies, as well as a reduced chance of death, the non-invasive category is expected to expand the quickest throughout the projection timeframe.

North America is expected to dominate the market over the projected period due to the presence of suitable reimbursement policies along with the increasing adoption of innovative technology products. Furthermore, increased disposable income of consumers in countries such as the U.S. and Canada is expected to contribute to the trend.

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Top market players are:

Some of the major players operating in the global market include B. Braun Medical, Advanced Brain Monitoring, B.D., CAS Medical Systems Inc., Cadwell Industries, Inc., Compumedics Limited, Rimed Inc., Siemens Healthcare Private Limited, NIHON KOHDEN CORPORATION, Electrical Geodesics, Inc, DePuy Synthes Companies, Elekta AB, EMOTIV Inc., GENERAL ELECTRIC COMPANY, Medtronic, Integra LifeSciences Corporation, Koninklijke Philips N., Masimo Corporation, Natus Medical Incorporated, and Yokogawa Electric Corporation.

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