Seattle, WA -- (SBWIRE) -- 12/03/2019 -- U.S. Brain Monitoring Devices Market – Insights

Brain monitoring devices are used to recognize any abnormalities in the brain. These devices are used in the treatment of several neurological diseases such as epilepsy, dementia, Alzheimer's disease, Parkinson's disease, and sleep disorder.

U.S. Brain Monitoring Devices Market: Drivers

Increasing geriatric population and growing number of people suffering from stress is expected to boost growth of the U.S. brain monitoring devices market. For instance, according to the U.S. Census Bureau, Population Projections, the number of people in the U.S. aged 65 and older is projected to nearly double from 52 million in 2018 to 95 million by 2060, and the 65-and-older age group's share of the total population will rise from 16% to 23%.

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Increasing number of startups developing wearable brain monitoring devices is expected to propel growth of the U.S. brain monitoring devices market. For instance, in May 2018, researchers at the University of Pennsylvania developed a prototype of a portable electroencephalogram (EEG). Moreover, several regulatory bodies are focused on updating guidance for the use of brain monitoring devices. For instance, in August 2019, the U.S. Food and Drug Administration (FDA) updated guidance on devices in the magnetic resonance environment.

Increasing prevalence of Alzheimer's disease and traumatic brain injury is also expected to boost growth of the U.S. brain monitoring devices market. For instance, according to the Centers for Disease and Control (CDC) Injury Prevention Center, traumatic brain injury led to around 2.8 million emergency department visits, hospitalizations, and deaths in in the U.S. in 2013. Moreover, The Alzheimer's Association estimates that prevalence of Alzheimer's disease in 2016 was nearly 5.4 million in the U.S.

Key players in the market are focused on launching new products to expand their product portfolio. For instance, in October 2019, Medtronic plc. announced the U.S. launch of its advanced Patient Programmer technology that leverages a user-friendly, custom-configured Samsung mobile device for Deep Brain Stimulation (DBS) therapy at the Samsung Developers Conference in San Jose, California. The company received the U.S. FDA approval for its new programmer in July 2019To date, more than 150,000 patients have been implanted with Medtronic DBS devices for management of Parkinson's symptoms and other conditions.

Key Takeaways:

- Increasing geriatric population to augment growth of the U.S. brain monitoring devices market

- Increasing prevalence of Alzheimer's disease and other neurological disorders is also expected to boost growth of the market

- Major players operating in the U.S. brain monitoring devices market include, Medtronic, Johnson & Johnson, C.R. Bard, Toshiba, Covidien, Natus Medical Incorporated, Advanced Brain Monitoring, GE Healthcare, Siemens Healthcare, Philips Healthcare, Nihon Kohden, Compumedics, Integra LifeSciences, and CAS Medical Systems

In this report, the United States Brain Monitoring Devices market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2019 and 2025.

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Geographically, this report splits the United States market into seven regions:
--The West
--Southwest
--The Middle Atlantic
--New England
--The South
--The Midwest
with sales (volume), revenue (value), market share and growth rate of Brain Monitoring Devices in these regions, from 2014 to 2025 (forecast).

United States Brain Monitoring Devices market competition by top manufacturers/players, with Brain Monitoring Devices sales volume, price, revenue (Million USD) and market share for each manufacturer/player; the top players including
--Medtronic
--Johnson & Johnson
--C.R. Bard
--GE Healthcare
--Siemens Healthcare
--Philips Healthcare
--Nihon Kohden
--Compumedics
--Toshiba
--Covidien
--Natus Medical Incorporated
--Advanced Brain Monitoring
--Integra LifeSciences
--CAS Medical Systems

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
--Electroencephalogram (EEG)
--Computed Tomography (CT)
--Magnetic Resonance Imaging (MRI)
--Magnetoencephalogram (MEG)
--Other

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate of Brain Monitoring Devices for each application, including
--Hospitals
--Neurological Centres
--Other

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- To understand the future outlook and prospects for Brain Monitoring Devices Market.

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