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Global Brain Monitoring Market to reach USD 9.84 billion by the end of 2030

Global Brain Monitoring Market Size Study & Forecast, by Product Type (Magnetoencephalograph, Electroencephalograph, Cerebral Oximeters, Functional Magnetic Resonance Imaging, Other Product Types), by Application (Parkinson's Disease, Traumatic Brain Injury, Epilepsy, Other Applications), by End User (Hospitals, Diagnostic Centers), and Regional Analysis, 2023-2030

Product Code: HLSMD-41347458
Publish Date: 20-02-2024
Page: 200

Global Brain Monitoring Market is valued at approximately USD 6.01 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.35% during the forecast period 2023-2030. Brain monitoring devices are used for monitoring and diagnosing neurological conditions by examining the structure and function of the brain. Various devices, including electroencephalography devices, intracranial pressure monitors, and magnetoencephalography, are employed to track brain functions. These devices also aid in monitoring neural and electrical activity in the brain. Brain monitoring involves continuously observing and recording brain activity using various techniques to help diagnose disorders, guide treatments, and assess brain health during surgeries or critical care. The gathered data aids in understanding brain function and informing medical interventions. The growth of the Brain Monitoring Market is driven by the growing awareness of neurodegenerative diseases, a rise in traumatic brain injuries, the widening therapeutic applications of brain monitoring tools, and the surging use of brain monitoring in clinical trials.

Additionally, the increasing incidence of neurological disorders is directly associated with the growth of the Brain Monitoring Market across the globe. As per the research from the Alzheimer Disease International Organization, the number of individuals worldwide affected by dementia was around 55 million in 2020. This number is projected to increase to 78 million by 2030 and reach 139 million by 2050. Also, neurological diseases like autism are widespread globally, with the World Health Organization (WHO) estimating that one in 100 children worldwide has autism. This escalating prevalence of brain disorders is likely to positively impact the Brain Monitoring Market. Furthermore, strategic initiatives such as product launches, mergers, and acquisitions are anticipated to contribute to market growth. For example, NeuroWave Systems Inc. received FDA clearance for its NeuroSENSE NS-901 Monitor, designed for assessing anesthesia and sedation adequacy in clinical settings. Additionally, Brain Scientific obtained FDA clearance for the Next-Gen NeuroCap EEG Headset, an advanced electroencephalography (EEG) electrode array facilitating rapid EEGs in routine clinical and research settings. Thus, these aforementioned factors are propelling the growth of the Brain Monitoring Market over the estimated period. Moreover, the rising demand for non-invasive and minimally invasive devices, as well as the expanding healthcare sector in emerging economies present various lucrative opportunities over the forecast years. However, the unavailability of skilled professionals to handle devices and the stringent regulations for device approval are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Brain Monitoring Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the well-established healthcare infrastructure, a surge in clinical trials for brain monitoring products, and the accessibility of medical reimbursement. Furthermore, the market in the region has witnessed growth due to favorable reimbursement policies and ongoing technological advancements. Accordingly, the development of mobile EEG machines, real-time monitoring, and alert systems has played a significant role in contributing to the regional market expansion. For instance, in May 2022, Philips received FDA 510(k) clearance for its latest MR 7700 3.0T MR system, empowering radiologists to capture six distinct clinically relevant nuclei across various anatomies. Whereas, Asia Pacific is expected to grow at the fastest CAGR over the forecast years. The surge in neurological diseases, growing aging population, and increase in healthcare expenditure are significantly propelling the market demand across the region.

Major market players included in this report are:
Natus Medical Incorporated
Medtronic PLC
Integra Lifesciences Corporation
General Electric Company
Nihon Kohden Corporation
Masimo Corporation
Advanced Brain Monitoring Inc.
Cadwell Industries Inc.
Koninklijke Philips NV
Nonin Medical Inc.

Recent Developments in the Market:
Ø In December 2023, Nihon Kohden introduced the One View function of their Neuromaster G1 intraoperative neuromonitoring (IONM) system. The new technology incorporates extensive neurological data into the IONM software while smoothly integrating patient anesthetic and vital signs, including temperature, heart rate, SpO2, and more.
Ø In February 2022, Masimo obtained FDA clearance for its SedLine brain function monitoring for pediatric patients (1-17 years old) and the corresponding SedLine Pediatric EEG Sensor. This clearance extends the application of SedLine to all patients aged one and above in the United States, utilizing advanced signal processing technology to enable bilateral brain activity monitoring through Masimo’s four-lead SedLine EEG sensors.
Ø In October 2022, Medtronic announced the introduction of the Medtronic Neurovascular Co-lab—a platform and innovation process dedicated to generating novel ideas for advancing stroke care.

Global Brain Monitoring Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product Type, Application, End User, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
Cerebral Oximeters
Functional Magnetic Resonance Imaging (fMRI)
Intracranial Pressure Monitoring Devices
Other Product Types

By Application:
Parkinson’s Disease
Traumatic Brain Injury
Sleep Disorders
Other Applications

By End User:
Diagnostic Centers

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Brain Monitoring Market, by Region, 2020-2030 (USD Billion)
1.2.2. Brain Monitoring Market, by Product Type, 2020-2030 (USD Billion)
1.2.3. Brain Monitoring Market, by Application, 2020-2030 (USD Billion)
1.2.4. Brain Monitoring Market, by End User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Brain Monitoring Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Brain Monitoring Market Dynamics
3.1. Brain Monitoring Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing incidence of neurological disorders Surging use of brain monitoring in clinical trials
3.1.2. Market Challenges Unavailability of skilled professionals to handle devices Stringent regulations for the device approval
3.1.3. Market Opportunities Rising demand for non-invasive and minimally invasive devices Expanding healthcare sector in emerging economies
Chapter 4. Global Brain Monitoring Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Brain Monitoring Market, by Product Type
5.1. Market Snapshot
5.2. Global Brain Monitoring Market by Product Type, Performance – Potential Analysis
5.3. Global Brain Monitoring Market Estimates & Forecasts by Product Type 2020-2030 (USD Billion)
5.4. Brain Monitoring Market, Sub Segment Analysis
5.4.1. Magnetoencephalograph
5.4.2. Electroencephalograph
5.4.3. Cerebral Oximeters
5.4.4. Functional Magnetic Resonance Imaging (fMRI)
5.4.5. Intracranial Pressure Monitoring Devices
5.4.6. Other Product Types
Chapter 6. Global Brain Monitoring Market, by Application
6.1. Market Snapshot
6.2. Global Brain Monitoring Market by Application, Performance – Potential Analysis
6.3. Global Brain Monitoring Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Brain Monitoring Market, Sub Segment Analysis
6.4.1. Parkinson’s Disease
6.4.2. Traumatic Brain Injury
6.4.3. Epilepsy
6.4.4. Dementia
6.4.5. Sleep Disorders
6.4.6. Other Applications
Chapter 7. Global Brain Monitoring Market, by End User
7.1. Market Snapshot
7.2. Global Brain Monitoring Market by End User, Performance – Potential Analysis
7.3. Global Brain Monitoring Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
7.4. Brain Monitoring Market, Sub Segment Analysis
7.4.1. Hospitals
7.4.2. Diagnostic Centers
Chapter 8. Global Brain Monitoring Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Brain Monitoring Market, Regional Market Snapshot
8.4. North America Brain Monitoring Market
8.4.1. U.S. Brain Monitoring Market Product Type breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030 End User breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Brain Monitoring Market
8.5. Europe Brain Monitoring Market Snapshot
8.5.1. U.K. Brain Monitoring Market
8.5.2. Germany Brain Monitoring Market
8.5.3. France Brain Monitoring Market
8.5.4. Spain Brain Monitoring Market
8.5.5. Italy Brain Monitoring Market
8.5.6. Rest of Europe Brain Monitoring Market
8.6. Asia-Pacific Brain Monitoring Market Snapshot
8.6.1. China Brain Monitoring Market
8.6.2. India Brain Monitoring Market
8.6.3. Japan Brain Monitoring Market
8.6.4. Australia Brain Monitoring Market
8.6.5. South Korea Brain Monitoring Market
8.6.6. Rest of Asia Pacific Brain Monitoring Market
8.7. Latin America Brain Monitoring Market Snapshot
8.7.1. Brazil Brain Monitoring Market
8.7.2. Mexico Brain Monitoring Market
8.8. Middle East & Africa Brain Monitoring Market
8.8.1. Saudi Arabia Brain Monitoring Market
8.8.2. South Africa Brain Monitoring Market
8.8.3. Rest of Middle East & Africa Brain Monitoring Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Natus Medical Incorporated Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Medtronic PLC
9.3.3. Integra Lifesciences Corporation
9.3.4. General Electric Company
9.3.5. Nihon Kohden Corporation
9.3.6. Masimo Corporation
9.3.7. Advanced Brain Monitoring Inc.
9.3.8. Cadwell Industries Inc.
9.3.9. Koninklijke Philips NV
9.3.10. Nonin Medical Inc.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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