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 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 2019. 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 Problem Indication, the sub-segment i.e. Stroke will boost the Brain Health Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Offline Stores will boost the Brain Health Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Growing Incidence of Alzheimer Disease
- Increasing Prevalence of Neurological Disorders
- Increasing Use of Brain Health Wearable Devices
- High Cost of Complex Brain Monitoring Devices and Procedures
- Expanding Therapeutic Applications of Brain Monitoring Devices
- Technological Advancements in Brain Health Devices
- Lack of Trained Professionals
- Stringent Regulatory Guidelines on the Production and Usage of Brain Health Devices
"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."
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
Target Audience:Brain Health Devices Manufacturers, Healthcare Institutions, Brain Health Devices Distributors and Suppliers, Research Institutes, Market Research and Consulting Firms, Potential Investors, Regulatory Bodies and Others
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, Transcranial Doppler Devices and Others] , application [Hospitals, Neuro Centres, Specialty Clinics 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
Available Customization: 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. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.