Amid the COVID-19 crisis, the global market for Brain Monitoring Devices estimated at US$8.3 Billion in the year 2020, is projected to reach a revised size of US$11.2 Billion by 2027, growing at a CAGR of 4.4% over the period 2020-2027.Devices, one of the segments analyzed in the report, is projected to grow at a 4.9% CAGR to reach US$7.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Accessories segment is readjusted to a revised 3.6% CAGR for the next 7-year period. This segment currently accounts for a 34.5% share of the global Brain Monitoring Devices market.
The U. S. Accounts for Over 26.9% of Global Market Size in 2020, While China is Forecast to Grow at a 8% CAGR for the Period of 2020-2027
The Brain Monitoring Devices market in the U. S. is estimated at US$2.2 Billion in the year 2020. The country currently accounts for a 26.94% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$2.5 Billion in the year 2027 trailing a CAGR of 8% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.4% and 3.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.3% CAGR while Rest of European market (as defined in the study) will reach US$2.5 Billion by the year 2027.The publisher brings years of research experience to this 19th edition of our report. The 386-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others
- Advanced Brain Monitoring Inc.
- Cadwell Laboratories Inc.
- CAS Medical Systems
- Compumedics Germany GmbH
- Compumedics Ltd.
- Electrical Geodesics Inc.
- Elekta AB
- HeadSense Medical Inc.
- Integra Life Sciences Corporation
- Masimo Corporation
- Medtronic Plc.
- Natus Medical Inc.
- NeuroWave Systems Inc.
- Nihon Kohden Corporation
- Nonin Medical, Inc.
- Ornim Medical
- Raumedic AG
- Rimed Inc.
- Spiegelberg GmbH
- Third Eye Diagnostics Inc.
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Brain Monitoring Devices Play Indispensible Role in Diagnosing Brain Disorders
Recent Market Activity
Neurological Diseases - Key Facts in a Nutshell
Select Common Neurological Diseases and their Causes
Brain Function Monitoring Gains Importance Globally; Drives Demand for Devices
A Gist of Key Market Drivers
Major Market Restraints
Developed Regions Take the Lead; Developing to Drive Growth
Global Competitor Market Shares
Brain Monitoring Devices Competitor Market Share Scenario Worldwide (in %): 2018 & 2029
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
Advanced Brain Monitoring, Inc. (USA)
Cadwell Laboratories, Inc. (USA)
CAS Medical Systems (USA)
Compumedics, Ltd. (Australia)
Compumedics Germany GmbH (Germany)
Elekta AB (Sweden)
Electrical Geodesics, Inc. (USA)
HeadSense Medical, Inc. (USA)
Integra Life Sciences Corporation (USA)
Masimo Corporation (USA)
Medtronic, Plc. (Ireland)
MEG International Services Ltd. (Canada)
Natus Medical Incorporated (USA)
NeuroWave Systems, Inc. (USA)
Nihon Kohden Corporation (Japan)
Nonin Medical, Inc. (USA)
Ornim Medical (Israel)
Rimed, Inc. (USA)
Raumedic AG (Germany)
Spiegelberg GmbH (Germany)
Third Eye Diagnostics, Inc. (USA)
Vittamed Corporation (USA)
3. MARKET TRENDS & DRIVERS
Increasing Incidence of Targeted Conditions Drive Growth
Incidence and Prevalence of Select Target Conditions for Brain Monitoring
Growing Prevalence of Epilepsy to Drive Demand for EEG Devices
Rising Incidence Rate of Traumatic Brain Injury (TBI) to Drive Demand for ICP Monitors
Aging Population: The Cornerstone of Growth in Brain Monitoring Devices
Increasing Healthcare Spending in Emerging Markets: Opportunities in Store
Lower Public Awareness Calls for Improved Awareness Campaign Designs
Dissolvable, Flexible Silicon Electronic Device to Aid Brain Monitoring
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
Market Facts & Figures
US Brain Monitoring Devices Market Share (in %) by Company: 2018 & 2025
Market Facts & Figures
European Brain Monitoring Devices Market: Competitor Market Share Scenario (in %) for 2018 & 2025
REST OF EUROPE
REST OF ASIA-PACIFIC
REST OF LATIN AMERICA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
Total Companies Profiled: 38