According to a new report published by K D Market Insights, titled, “Brain Monitoring Market Insights, Trends, Opportunity & Forecast, 2020–2026,” Brain monitoring market size is anticipated to at a witness double digit growth during forecast period i.e. 2021-2026.
The global brain monitoring market is expected to develop as the rate of diagnosis of neuro and brain-related diseases rises around the world. Furthermore, during the forecast period, the expanding geriatric population is expected to support market growth. Furthermore, governments around the world are spending considerable sums of money to modernise and improve hospital quality. This feature is expected to propel the global brain monitoring market forward.
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The need for brain monitoring devices is expected to rise in the coming years as the frequency and diagnostic rate of brain-related disorders rises. Major brain monitoring device manufacturers are concentrating on upgrading their present equipment and developing sophisticated systems such as Functional Near-Infrared Spectroscopy (fNIRS) with upgraded capabilities in order to capitalise on emerging prospects. In addition, with the expected release of novel brain monitoring devices, the worldwide brain monitoring device market is expected to develop in the future years.
One of the primary challenges impeding the worldwide brain monitoring market’s growth is the high cost of modern and complex brain monitoring technologies. Aside from that, unfavourable reimbursement policies are also hampering the worldwide brain monitoring market’s growth.
The report examines North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa from a geographical standpoint. North America held the largest market share in the global brain monitoring market. The need for brain monitoring devices in North America is expected to be driven by factors such as rising cases of many neurodegenerative illnesses and an ageing population. Furthermore, the Asia Pacific brain monitoring market is expected to increase significantly throughout the forecast period. The industry is predicted to become more competitive as the government and various healthcare organisations increase their investment in the construction of modern healthcare facilities.
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The brain monitoring market is divided into two types of products: devices and accessories. In 2020, the gadget market will have the biggest percentage share. MRI scanners, CT scanners, PET scanners, intracranial pressure monitors, electroencephalography devices, cerebral oximeters, sleep monitoring devices, TCD devices, MEG devices, and electromyography devices are all part of the equipment section.
Hospitals, neurology centres, clinics & ambulatory surgical centres, diagnostic centres, ambulances, and other are among the end users in the global brain monitoring market. In 2020, the hospital category will have the largest market share.
Global brain monitoring market analysed across different geographies i.e. North America (U.S. & Canada), Europe (Germany, United Kingdom, Italy, Spain, Russia, France and Rest of Europe), Asia Pacific (China, India, Japan, Indonesia, Taiwan, South Korea, Australia, New Zealand), Latin America (Brazil, Mexico, Argentina) & Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa).
Companies Profiled in Report
Some of the key players major brain monitoring market companies profiled in the report include:
– Natus Medical Inc.
– Nihon Kohden Corporation
– Philips Healthcare
– GE Healthcare
– Siemens Healthineers
– Compumedics Limited
– Electrical Geodesics, Inc.
– Medtronic PLC
– Cas Medical Systems, Inc.
– Advanced Brain Monitoring, Inc.
– Other Key & Niche Players
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