Global Brain Health Devices Market Overview:
Brain health devices can help diagnose, prevent, and treat a variety of neurological disorders and conditions such as Alzheimerís disease, Parkinsonís disease, major depression, epilepsy, spinal cord injury, and traumatic brain injury. Also, brain health devices can be used to help restore hearing and sight and provide increased function for those with limb loss or congenital limb differences. The brain health devices market is expected to witness a significant growth in near future owing to the rising number of Alzheimerís cases and rising awareness regarding neurological disorders Some of the key players profiled in the study are BrainScope Company (United States), Bio- Signal Group (United States), Cadwell Laboratories, Inc. (United States), GE Healthcare (United States), CAS Medical Systems, Inc. (United States), DePuy Synthes Companies (United States), Elekta A.B (Sweden), Electrical Geodesics Incorporated (United States), Advanced Brain Monitoring (United States) and Natus Medical, Inc. (United States).
On the basis of geography, the market of Brain Health Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Asia Pacific on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by End user, the sub-segment i.e. Hospitals will boost the Brain Health Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing incidence of Alzheimer disease
- Increasing incidence and prevalence of Neurological disorders
- Technological advancements in brain health devices
- High Cost of Complex Brain Monitoring Devices and Procedures
- Unfavorable Reimbursement Policies
- Expanding Therapeutic Applications of Brain Monitoring Devices
- Lack of trained professionals
- Stringent regulatory guidelines
Major Market Developments:
The major key players are implementing various strategies such as mergers & acquisitions, new product development, joint ventures, partnerships and others. Medical technology and healthcare companies are setting standards by manufacturing brain health devices with the help of various technological advancements
Medical device manufacturers and other firms involved in producing devices must follow certain requirements and regulations once their devices are legally on the market. This includes mandatory reporting requirements when manufacturers, importers and device user facilities learn that their devices may have caused or contributed to a death or serious injury. Postmarket requirements may also include such things as device tracking, establishment registration, postmarket surveillance studies required under section 522 of the Food and Drug Cosmetic Act, and post-approval studies
Manufacturers of Brain health devices, Healthcare Institutions, Distributors and Suppliers of Brain health devices, Diagnostic Centers, Neurological Centers, Health Centers/Clinics, Research Institutes and Market Research and Consulting Firms
Major Objectives Focused through this Study
To define, describe, and forecast the Global Brain Health Devices market on the basis of product [Magnetic Resonance Imaging, Magneto Encephalogram, Computed Tomography, Electro Encephalogram, Intracranial Pressure Monitors and Transcranial Doppler Devices] , application [Stroke, Epilepsy, Headache Disorders, Dementia, Parkinsonís disease, Traumatic Brain Injuries, Dyslexia and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Brain Health Devices market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Brain Health Devices industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Integra Life Sciences Corporation (United States), Medtronic Plc. (Ireland) and Compumedics Ltd. (Australia).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Brain Health Devices market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.