Neurological Monitoring Devices Market Growth Key Players Analysis 2019
Added: (Mon Jul 08 2019)
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Market Overview:
Neurological Monitoring Devices Market was worth USD 8.49 billion in 2018 and estimated to be growing at a CAGR of 7.1%, to reach USD 11.96 billion by 2023. Standardization in the process for brain monitoring and growing number of clinical trials for neuro-cognitive diseases are anticipated to offer good opportunity for the market. Brain monitoring devices are being incorporated extensively in the hospitals and clinics for assessing the activity of sedatives and anaesthesia. Due to the advent of wearable medical devices, the greatest shifting trend is observed in the commercialization and commoditization of Electroencephalography EEG devices.
Market Drivers and Restraints:
Factors such as the rising incidence and prevalence of neurological disorders, increasing awareness about neurodegenerative diseases, technological developments in devices and increasing incidence of traumatic brain injuries are driving market growth. On the other hand lack of skilled professionals, high cost of complex devices, poor reimbursement policies and concern regarding the accuracy of diagnostic devices are restricting the market growth.
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Report segmented as
By Procedure:
• Non-Invasive
• Invasive
By Type:
• Monitors of Intracranial Pressure & Blood Flow Dynamics (Intracranial Pressure Monitor)
• Jugular Venous Oximetry
• Transcranial Doppler (TCD) Ultrasonography
• Near-Infrared Spectroscopy
• Brain Tissue Oxygen Tension Monitor
• Monitors of Brain Electrical Activity (Electroencephalography and Evoked Potentials)
By Application:
• Traumatic Brain Injuries
• Stroke
• Dementia
• Headache Disorders
• Sleep Disorders
• Epilepsy
• Parkinson Disease
• Huntington Disease
Geographical Analysis:
Based on geography the market is analyzed under various regions namely, North America, Latin America, Europe, Asia-Pacific and Middle-East & Africa. North America holds the largest share of the neurological monitoring devices market due to the advancement of technology and improved healthcare facilities. This is closely followed by Europe but Asia-Pacific has the fastest growing market because of huge investments being made in healthcare research and the developing economy.
Important Market Players:
Key market players include CAS Medical Systems Inc., Compumedics Ltd., Natus Medical Inc., Philips Healthcare, GE Healthcare, AMD Global Telemedicine, Intel Corporation, Johnson & Johnson, InTouch Health, InTechnology, MEG International Services Ltd., Rimed Inc., Siemens Healthcare, Medtronic Inc., Electrical Geodesics Incorporated, Nihon Kohden Corporation and Advanced Brain Monitoring.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.
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