A growing number of cases of brain paralysis and other diseases have led to a strong demand for Brain Monitoring Systems Market. Ahead-of-the-curve brain monitoring technologies also keep tabs on minute shifts in consciousness. The need for brain monitoring systems is anticipated to rise due to the development of neuroscience programmes, their application in healthcare facilities, and the cutting-edge technology that analyses EEG data to produce better results.
The effectiveness of anaesthesia on the patient’s thinking and whether a larger or lower dose of anaesthesia is required are both monitored by brain monitoring equipment. The demand for brain monitoring systems is also being fueled by rising healthcare spending and increased public awareness of brain health.
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Between 2023 and 2033, the market for brain monitoring systems is projected to grow at a CAGR of 5.5% on average. By 2033, the market is projected to reach a market share of US$ 8.5 billion, while in 2023, it is projected to reach a value of US$ 5.0 billion.
The market for brain monitoring systems is growing as a result of the development of improved brain monitoring sensors that allow for brain monitoring while under anaesthesia as well as EEG processing and data collecting. Additionally, the suppliers have unveiled EEG sensors with quick and easy applications that are suitable for both adult and paediatric patients. Soft foam pads are included with these sensors to enhance patient comfort.
Key Points:
The United States market leads the market in terms of market share. It is likely to cross a value of 2.7 billion by 2033. The regional market is expected to thrive at a CAGR of 6.4% between 2023 and 2033.
The China market is the leading space in terms of CAGR. It thrives at a CAGR of 7.6% during the forecast period. The market is likely to reach a value of US$ 905.9 million by 2033.
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EEG systems are likely to thrive in the product category due to the early detection of abnormalities. It is expected to thrive at a CAGR of 6.2% during the forecast period.
The standalone segment tops the modality tally with a CAGR of 5.1% between 2023 and 2033, as it functions while detecting it more efficiently and effectively.
Competitive Landscape:
The key players focus on creating customized brain monitoring solutions that work on different sects of the brain while monitoring the small details and developments in the brain and consciousness. The vendors create different BMS devices for different age groups and patients. The companies also merge, acquire, and partner with other companies to increase the supply chain and distribution channel.
The key players in the market include Neurosoft, Natus Medical Incorporated, Medtronic PLC, Integra Lifesciences, and Compumedics Neuroscan.
Recent Development:
- Neurosoft has launched its neuromonitor which is a cerebral function monitor with a touchscreen interface. The monitoring device comes with clinical applications such as suspected cerebral function abnormality and hypoxic-ischemic encephalopathy (HIE).
- Natus Medical Incorporated has introduced its natus brain monitor as a next-generation advanced amplifier for EEG and long-term monitoring and ICU studies.
- Medtronic PLC adds its bispectral index (BIS) monitoring system that applied state-of-the-art technology to processes the direct measurement of patient’s brain vitals.
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Key Segments:
Brain Monitoring Systems Market by Product:
- fNIRS
- EEG Systems
- MEG Systems
- MRI Systems
- Others
Brain Monitoring Systems Market by Modality:
- Portable/Handheld Brain Monitoring Systems
- Standalone Brain Monitoring Systems
Brain Monitoring Systems Market by End User:
- Hospitals
- Ambulatory Surgical Centers
- Clinics
- Pediatric & Neonatal Intensive Care Units
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By Region:
- North America
- Latin America
- Europe
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
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