Brain Monitoring Market Worth $8.6 Billion By 2025
Seeking Alpha Analyst Since 2014
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- Increasing demand for non-invasive and minimally invasive devices.
- Expanding therapeutic applications of brain monitoring devices.
- Growing healthcare market in emerging economies.
Objectives of the Study:
# To define, describe, and forecast the Brain Monitoring Market based on the product, medical condition, end user, and region.
# To provide detailed information regarding the major factors influencing the growth of the market (such as drivers, restraints, opportunities, and challenges).
# To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall brain monitoring market.
# To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders.
# To profile the key players in the market and comprehensively analyze their market shares and core competencies.
# To forecast the size of the market segments with respect to four main regions, namely, North America, Asia Pacific, Europe, and the Rest of the World (RoW).
# To track and analyze competitive developments such as new product launches, agreements, collaborations, and expansions.
Major Growth Boosting Factors:
The brain monitoring market is mainly driven by factors such as the increasing incidence and prevalence of neurological disorders, rising awareness of neurodegenerative diseases, growth in the number of traumatic brain injuries, and increasing applications of brain monitoring in clinical trials.
The rising demand for non-invasive and minimally invasive devices, the expanding therapeutic applications of brain monitoring devices, and the growing healthcare market in emerging economies are also expected to provide opportunities for growth for players in the market.
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After arriving at the overall market size, from the market size estimation process explained above, the Brain Monitoring market was split into segments and subsegments. To complete the overall market engineering process and to arrive at the exact statistics for all segments and subsegments, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the Brain Monitoring industry.
Expected Revenue Growth in Near Future:
The global brain monitoring market size is estimated to be USD 8.6 billion by 2025 from USD 6.3 billion in 2020, at a CAGR of 6.2%.
North America accounted for the largest share of the global brain monitoring market
North America, Europe, the Asia Pacific, and the Rest of the World. North America held the largest share of the global brain monitoring market in 2019, while the Asia Pacific is projected to be the fastest-growing region in the forecast period. The high growth rate of the market in the Asia Pacific region can be attributed to the availability of low-cost labor and skilled manpower, increase in disposable incomes, rising prevalence of neurodegenerative disorders, and increasing government emphasis on healthcare reforms in the region.
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