Wireless Brain Sensors Market Size, Share, Growth, Trends: Current Analysis and Forecast (2020-2026)
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Global Wireless Brain Sensors Market was valued at US$ 1,558.2 million in 2019 and is anticipated to reach US$ 2,903.8 million by 2026 displaying reasonable CAGR of 9.3% over the forecast period (2020-2026). The prevalence of neurological disorders is increasing as the proportion of the elderly population is escalating. Memory impairment is highly seen in the geriatric population. According to the Federal Interagency Forum on Aging-Related Statistics, 35.8% of people aged 85 years and older are suffering from moderate or severe memory impairment.
Electroencephalography (EEG), sleep monitoring devices, magnetoencephalography (MEG), Transcranial Doppler (TCD) Devices, Intracranial Pressure (ICP) Monitors, Other (Accessories) constitute the major product type in this market. Electroencephalography (EEG) Device dominated the market, generating revenue of US$ 525.07 million in 2019. EEG has huge applications in humans such as psychology and neuroscience, clinical and psychiatric studies, and Brain-Computer Interfaces (BCI) among others.
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Parkinson’s disease, Alzheimer’s disease, sleep disorders, traumatic brain injuries, epilepsy, migraine, Stroke are some of the most prevalent neurological disorders. Traumatic Brain Injuries (TBI) occupied the largest market share in wireless brain sensor applications. Moreover, hospitals are the end-user that deploy this technology for therapeutic purposes. Diagnostic Centers and Research Institutes also use this technology for the diagnosis of the patients and further research studies.
A regional-level study was also conducted regarding the market penetration of Wireless Brain Sensors. The regions and countries covered included North America (the US, Canada and Rest of North America), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific) and Rest of the World. In 2019, North America generated the highest revenue owing to the high healthcare spending potential and greater awareness among the people.
Wireless Brain Sensors market has a lot of potential for market expansion as the prevalence of neurological disorders is increasing. Some of the major players dealing in Wireless Brain Sensors include are EMOTIV Inc, Advanced Brain Monitoring, Inc., Muse, Neurosky, Neuroelectrics, Cognionics, Inc., Wearable Sensing, Bitbrain Technologies, Compumedics Neuroscan, and Brain Products Gmbh.
These players are consistently aiming on expanding their product portfolio through numerous product launches and innovations. They are also targeting the market through several partnerships thereby strengthening their market position and additionally offers them growth opportunities as well as the expansion of product innovation and expansion around the globe.
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Global Wireless Brain Sensors Segmentation
Market Insight, by Product Type
- Electroencephalography (EEG) Devices
- Sleep Monitoring Device
- Magnetoencephalography (MEG) Devices
- Transcranial Doppler (TCD) Devices
- Intracranial Pressure Monitoring
- Other (Accessories)
Market Insight, by Medical Condition
- Parkinson’s Disease
- Alzheimer’s Disease
- Sleep Disorders
- Traumatic Brain Injuries
- Epilepsy
- Migraine
- Stroke
- Others
Market Insight, by End-User
- Hospitals
- Diagnostic Centers
- Research Institutes
- Others
Market Insight, by Region
- North America Wireless Brain Sensors Market
- United States
- Canada
- Rest of North America
- Europe Wireless Brain Sensors Market
- Italy
- Spain
- France
- Germany
- United Kingdom
- Rest of Europe
- Asia-Pacific Wireless Brain Sensors Market
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of World Wireless Brain Sensors Market
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- Top Company Profiles
- EMOTIV Inc
- Neuroelectrics
- Neuroscan
- Wearable Sensing
- Advanced Brain Monitoring, Inc.
- NeuroSky
- Bitbrain Technologies
- Muse
- Brain Products Gmbh
- Cognionics
- Table OF Content:
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 REGULATORY FRAMEWORK
4 INDUSTRY PERFORMANCE
5 EXECUTIVE SUMMARY
6 MARKET OVERVIEW
7 APPLICATIONS OF EEG HEADSETS IN DAILY LIFE
8 KEY MARKET INDICATORS
9 MARKET INSIGHTS BY PRODUCT
10 MARKET INSIGHTS BY MEDICAL CONDITION
11 MARKET INSIGHTS, BY END-USER
12 MARKET INSIGHTS BY REGION/COUNTRY
13 COMPETITIVE SCENARIO
14 TOP COMPANY PROFILES
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