Dallas, TX, March 24, 2017 --(PR.com
)-- Global brain monitoring devices market is expected to reach USD 2.24 billion by 2024 from USD 1.18 billion in 2016, at a CAGR of 7.1% in the forecast period 2017 to 2024. The new market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
The global brain monitoring market is segmented on the basis of product, application, end-user and by geography.
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Based on product type, the brain monitoring devices market is categorized into devices and accessories. Factors such as increasing incidence of neurological, neurodegenerative, psychotic, and sleep disorders; the need for early diagnosis; availability of innovative portable and wearable home-based monitoring devices; and increasing patient awareness are driving the growth for the brain monitoring market.
On the basis of application, the brain monitoring market is segmented into stroke, Traumatic Brain Injury (TBI), headache, dementia, epilepsy, Parkinson & others.
Based on end user, the brain monitoring market is segmented into hospitals, Ambulatory Surgery Centers (ASCs), ambulances, neurological centers and diagnostic centers. In 2016, the hospital segment is expected to dominate the market owing to higher adoption of these devices due to the availability and accessibility to all kinds of equipment for proper diagnosis and also the patients visit is significantly higher in hospitals as compared to other end users.
Based on geography the market is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and Middle East and Africa. The geographical regions are further segmented into 24 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others. In 2017, North America is expected to dominate the brain monitoring market with 47.0% of the market share followed by Europe and APAC.
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Some of the major players operating in this market are Nihon Kohden Corporation, Philips Healthcare, Metronic PLC, GE Healthcare, Siemens Healthcare, Natus Medical Incorporated, Compumedics Limited, Electrical Geodesics, Inc. CAS Medical Systems Inc, Advanced Brain Monitoring, B. Braun Medical, Becton, Dickinson & Company, DePuySynthes Companies, Cadwell Industries, Inc, Masimo Corporation, Elekta AB (pub), Integra LifeSciences Corporation, Rimed Inc., Yokogawa Electric Corporation, EMOTIV Inc., and Neural Analytics, among others.
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