Brain Health Devices Market Growth Accelerated by Rising Prevalence of Neurological Disorders


 Brain health devices help in diagnosing and monitoring neurological conditions such as Alzheimer's, dementia, Parkinson's disease, epilepsy, and others. These devices aid in early detection and treatment of such disorders. EEG machines, MEG machines, MRI machines, ultrasound machines, and molecular imaging systems are some commonly used brain health devices. The global Brain Health Devices Market is estimated to be valued at US$ 9,070.5 million in 2023 and is expected to exhibit a CAGR of 7.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market key trends:

One of the key trends driving the growth of the brain health devices market is the rising prevalence of neurological disorders globally. According to the World Health Organization (WHO), approximately 50 million people worldwide suffer from epilepsy. Around 50 million people have Alzheimer's disease, and 60-70 million have dementia. The increasing geriatric population susceptible to neurological conditions is also contributing to the growth of the brain health devices market. Advanced diagnostic devices aid early detection and enable timely intervention in case of neurological disorders. Various initiatives undertaken by governments and healthcare organizations to spread awareness about neurological conditions are increasing the demand for brain health devices. Furthermore, technological advancements leading to more compact, portable, and affordable devices will continue fueling the market growth over the forecast period.

Segment Analysis
The global Brain Health Devices market is dominated by EEG devices segment. The EEG devices segment held the largest market share in 2021 owing to high usage of EEG devices for brain health monitoring in clinical settings, as EEG provides detailed brain wave signals for detecting neurological disorders. EEG devices have found applications in diagnosing neurological conditions such as depression, epilepsy, dementia and sleep disorders. Additionally, EEG devices are gaining popularity as low-cost options in sports medicine for assessing performance and preventing brain injuries.

Key Takeaways
The global Brain Health Devices market is expected to witness high growth during the forecast period of 2023 to 2030.

Regional analysis: The North American region currently dominates the Brain Health Devices market owing to rapid technological advancements and increasing investments in research and development activities for development of advanced brain health devices in countries like the United States and Canada. Growing awareness about neurological disorders and rising government support for brain health diagnostics is also propelling the growth of Brain Health Devices market in North America.

Key players operating in the Brain Health Devices market are BrainScope Company, Inc., Bio-Signal Group Corp., Cadwell Industries, Inc. Advanced Brain Monitoring, Inc., Compumedics Ltd., Elekta, DePuy Synthes, Electrical Geodesics, Inc., Medtronic, GE Healthcare, MEG International Services Ltd, Natus Medical, Inc., Neurowave Systems Inc., Nihon Kohden Corporation, and Philips Healthcare. These players are focusing on new product launches and collaborations to expand their regional presence and gain higher market share.

Comments

Post a Comment

Popular posts from this blog

Unveiling Health Secrets: Exploring the Potential of Blood-Based Biomarkers

Image
  The human body is a complex and intricate system, often harboring subtle signs of its inner workings. One of the most promising avenues for unlocking these secrets lies within our bloodstream – a treasure trove of information encoded in the form of blood-based biomarkers. These biomarkers, measurable indicators present in the blood, hold the potential to revolutionize healthcare by providing early detection, accurate diagnosis, and personalized treatment approaches. Blood-based biomarkers encompass a wide range of molecules – from proteins and nucleic acids to metabolites and even circulating cells. Researchers have been diligently working to identify specific biomarkers associated with various diseases and conditions. For instance, elevated levels of certain proteins might point to cardiovascular diseases, while specific genetic material could indicate the presence of cancer. By analyzing these biomarkers, clinicians gain valuable insights into an individual's health status, en...
Read more

Revolutionizing Biology: Advancements in Single Cell Analysis Techniques

Image
  Single cell analysis has emerged as a groundbreaking technology that is revolutionizing the field of biology. Traditionally, biological studies were conducted on populations of cells, averaging out the heterogeneity present within them. However, the advent of single cell analysis has enabled scientists to delve into the complexity of individual cells, uncovering a wealth of previously inaccessible information. Advancements in single cell analysis techniques have paved the way for a deeper understanding of cellular heterogeneity, gene expression, and cellular behavior. One of the most remarkable techniques is single-cell RNA sequencing (scRNA-seq), which allows scientists to measure gene expression in individual cells. This breakthrough has led to the identification of rare cell types, understanding of cellular communication networks, and the discovery of novel biomarkers. Moreover, single cell imaging techniques, such as single cell fluorescence microscopy, have enabled research...
Read more

Medical Robots Market Poised to Grow Owing to Improving Healthcare Infrastructure

Image
 The Medical Robots Market is anticipated to witness robust growth due to rising healthcare spending across the globe. Medical robots are used to perform minimal invasive surgeries with greater accuracy and flexibility. Growing preference for Robot-Assisted Surgery (RAS) over conventional open surgeries due to benefits such as shorter recovery time and minimum operative scars has been augmenting demand for medical robots. Key functions include guiding and positioning surgical accessories like guide tubes in radiology and guiding catheter and wires in cardiology. With rising chronic disease prevalence associated with aging populations, the need for more surgical procedures is surging which requires precise action minimally invasive robotic systems can provide. The Global Medical Robots Market is estimated to be valued at US$ 11.47 Bn in 2024 and is expected to exhibit a CAGR of 16% over the forecast period 2023 to 2030. Key Takeaways: Key players operating in the Medical Robo...
Read more