Pune, India -- (SBWIRE) -- 09/24/2018 -- Global Brain Monitoring Market - Overview
The brain monitoring market is escalating mainly due to growing geriatric population. As per the recent report published by the Market Research Future, the brain monitoring market is booming and expected to gain prominence over the forecast period. The market is forecast to demonstrate a spectacular growth by the year 2022, surpassing its previous growth records in terms of value with a striking CAGR during the forecast period (2017 – 2022).
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Brain monitoring is defined as the process of studying and reporting the brain functioning. Brain monitoring devices are used in case of various diseases such as epilepsy, headache disorders, dementia, Parkinson's disease, strokes, sleep disorders, traumatic brain injuries, Huntington's disease, and others.
Global Brain Monitoring Market – Growth and Analysis
According to the data suggested by World Health Organization (WHO), nearly 50 million individuals worldwide have epilepsy, making it one of the most common neurological disorder globally.
It is also stated that about three fourths of people with epilepsy are living in low- and middle- income countries, and do not get proper treatment.
Notably, rising prevalence of neurological disorders is the primary factor driving the brain monitoring market. Neurological disorders are on rise worldwide.
On considering a 2014 study published in the Neurology India journal, it is found that out of total population of India, around 30 million individuals were suffering from neurological disorders in India.
Other push factors such as, increasing aging population, technological advancements, rising prevalence of lifestyle associated diseases, escalating adoption rate of remote monitoring devices, increasing healthcare expenditure, growing preference towards minimally invasive treatments, and favorable amendments in reimbursement policies, and growing health insurance are also fueling the growth of the market.
As per the 2016 statistics suggested by the WHO, it is found that neuropsychiatric disorders account for nearly 6.6% among the older adults.
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Global Brain Monitoring Market - Competitive Analysis
The brain monitoring market is currently dominated by various players. Due to rising prevalence of neurological conditions, and increasing demand various existing and new marketers are consistently coming up with technologically advanced products to control this condition. The brain monitoring market is dominated by numerous players.
On November 28, 2017, GE Healthcare completed the acquisition of the UK based company, Puridify to bring improvements in the process development phase and small-scale manufacturing for variety of biopharmaceutical applications.
On Aug. 17, 2017, HeartSciences, announced the European launch of its high sensitivity electrocardiograph Testing Device, MyoVista.
On August 31, 2016, Koninklijke Philips N.V., entered a strategic agreement with Qualcomm Technologies, Inc. to offer enhanced, connected care solutions and services within a secure global ecosystem to their providers.
GE Healthcare (UK), Welch Allyn (US), Spacelabs Healthcare (US), Koninklijke Philips N.V. (The Netherlands), CompuMed, Inc. (US), Schiller (Switzerland), CardioNet (US), Nihon Kohden (Japan), Medtronic plc (Ireland), Natus Medical Inc. (US), Electrical Geodesics Incorporated (US), and CAS Medical Systems, Inc. (US), are the leading players profiled in MRFR Analysis, and at the forefront of competition in the brain monitoring market.
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Major Points form TOC for Brain Monitoring Market Research Report – Forecast to 2022
Chapter 1. Report Prologue
Chapter 2. Market Introduction
Chapter 3. Research Methodology
Chapter 4. Market Dynamics
Chapter 5. Market Factor Analysis
Chapter 6. Global Brain Monitoring Market, By Type
Chapter 7. Global Brain Monitoring Market, By Treatment
Chapter 8 Global Brain Monitoring Market, By End User
Chapter 9. Global Brain Monitoring Market, By Region
Chapter 10. Company Landscape
Chapter 11. Company Profiles
Chapter 12. MRFR Conclusion
Chapter 13. Appendix
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