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Global Wearable Brain Devices Market to reach xx by 2028.

Global Wearable Brain Devices Market Size study, by By Channel Type ( 32-Channel Type, 12-Channel Type, 14-Channel Type, 5-Channel Type, Multichannels, Others), By Application ( Medical Setting, AR/VR Gaming Settings, Others), By End-use (Hospitals & Clinics, Neurology Centers, Ambulatory Surgery Centers (ASCs) , Diagnostic Centers, Transportation and Construction, Research and Academics, Homecare Settings, Intensive Care Units, Assisted Living Facilities, Athletes and Military Personnel, Others) and Regional Forecasts 2022-2028

Product Code: HLSMDE-21027987
Publish Date: 10-05-2022
Page: 200

Global Wearable Brain Devices Market is valued approximately XX in 2021 and is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2022-2028. The market’s growth can be attributed to the increasing prevalence of neurological disorders such as epilepsy, Parkinson’s disease, and Alzheimer’s disease. The rapidly rising elderly population in the Asia Pacific region, particularly in Japan, India, and China, as well as rapid technology advancements, are additional significant factors driving market expansion. At present , Europe and Asia Pacific have the most people above the age of 60. As per WHO, the world’s elderly population is expected to reach 1.4 billion in 2030, and 2.1 billion in 2050. Furthermore, it is predicted to reach 3.1 billion by 2100. Because of challenges associated with it, the aged population has been connected to a variety of chronic diseases. Neurological problems are most typically seen in elderly persons, involving between 5% and 55% of people aged 55 and up. They are linked to an increased risk of negative health outcomes such as mortality, disability, institutionalisation, and hospitalisation. . As a result of the growing senior population and the rise in associated neurological illnesses, the market for wearable EEG devices is expected to increase significantly. The rising clinical research on wearable brain device assessments for various applications is one of the primary reasons driving market growth. For example, in March 2021, Brain Scientific Inc. announced a collaboration with JelikaLite, to improve the well-being of children with autism, through a clinical trial titled “Transcranial Photobiomodulation for Reducing Autism Symptoms in Children.”However, constraints such as the high cost of wearable EEG devices are projected to have an impact on market growth throughout the forecast period.

The key regions considered for the global Wearable Brain Devices Marketstudy includes Asia Pacific, North America, Europe, Latin America, and Rest of the World.North America dominate the market. The rise in demand for minimally invasive procedures can be attributed to the rising prevalence of Parkinson’s disease and epilepsy. Technological advancements are also major contributors to the region’s Application market growth. As a result, North America is likely to dominate the whole regional market over the forecast period. Furthermore, increased healthcare spending in North America may attract new and old competitors. Healthcare spending in the United States has climbed by 9.7 percent to USD 4.1 trillion in 2020, accounting for around 19.7 percent of GDP, according to the Centers for Medicaid and Medicare Services. Due to the availability of mandatory healthcare insurance, technological advancements, and increased healthcare expenditure, Asia Pacific is expected to have the fastest CAGR during the forecast period Singapore and South Korea are two of the Asia Pacific region’s emerging economies.

Major market player included in this report are:
Kernel
EMOTIV
Neurolief
Brain Scientific
BioSerenity
mBrainTrain
Brain Application s
COGNIONICS, INC.
Bitbrain Technologies
Dreem

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 eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Application offerings of key players. The detailed segments and sub-segment of the market are explained below:
ByChannel Type:
32-Channel Type

12-Channel Type

14-Channel Type

5-Channel Type

Multichannels

Others

By Application:
Medical Setting
AR/VR Gaming Settings
Others
By End-user:
Hospitals & Clinics

Neurology Centers

Ambulatory Surgery Centers (ASCs)

Diagnostic Centers

Transportation and Construction

Research and Academics

Homecare Settings

Intensive Care Units

Assisted Living Facilities

Athletes and Military Personnel

Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Wearable Brain Devices Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Wearable Brain Devices Market, by Region, 2020-2028 (USD Billion)
1.2.2. Wearable Brain Devices Market, by Channel Type,2020-2028 (USD Billion)
1.2.3. Wearable Brain Devices Market, by Application ,2020-2028 (USD Billion)
1.2.4. Wearable Brain Devices Market, by End-use,2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Wearable Brain Devices Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Wearable Brain Devices Market Dynamics
3.1. Wearable Brain Devices Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Increasing prevalence of chronic diseases such as Migraine & Epilepsy
3.1.1.2. External funding for research and development activities
3.1.2. Market Challenges
3.1.2.1. High cost of devices
3.1.3. Market Opportunities
3.1.3.1. Technological advancements in wearable devices
Chapter 4. Global Wearable Brain Devices MarketIndustry 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
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Wearable Brain Devices Market, by Channel Type
6.1. Market Snapshot
6.2. Global Wearable Brain Devices Market by Channel Type, Performance – Potential Analysis
6.3. Global Wearable Brain Devices Market Estimates & Forecasts by Channel Type2018-2028 (USD Billion)
6.4. Wearable Brain Devices Market, Sub Segment Analysis
6.4.1. 32-Channel Type
6.4.2. 12-Channel Type
6.4.3. 14-Channel Type
6.4.4. 5-Channel Type
6.4.5. Multichannels
6.4.6. Others
Chapter 7. Global Wearable Brain Devices Market, by Application
7.1. Market Snapshot
7.2. Global Wearable Brain Devices Market by Application , Performance – Potential Analysis
7.3. Global Wearable Brain Devices Market Estimates & Forecasts by Application 2018-2028 (USD Billion)
7.4. Wearable Brain Devices Market, Sub Segment Analysis
7.4.1. Medical Setting
7.4.2. AR/VR Gaming Settings
7.4.3. Others
Chapter 8. Global Wearable Brain Devices Market, by End-use
8.1. Market Snapshot
8.2. Global Wearable Brain Devices Market by End-use, Performance – Potential Analysis
8.3. Global Wearable Brain Devices Market Estimates & Forecasts by End-use2018-2028 (USD Billion)
8.4. Wearable Brain Devices Market, Sub Segment Analysis
8.4.1. Hospitals & Clinics
8.4.2. Neurology Centers
8.4.3. Ambulatory Surgery Centers (ASCs)
8.4.4. Diagnostic Centers
8.4.5. Transportation and Construction
8.4.6. Research and Academics
8.4.7. Homecare Settings
8.4.8. Intensive Care Units
8.4.9. Assisted Living Facilities
8.4.10. Athletes and Military Personnel
8.4.11. Others
Chapter 9. Global Wearable Brain Devices Market, Regional Analysis
9.1. Wearable Brain Devices Market, Regional Market Snapshot
9.2. North America Wearable Brain Devices Market
9.2.1. U.S.Wearable Brain Devices Market
9.2.1.1. Channel Typebreakdown estimates & forecasts, 2018-2028
9.2.1.2. Application breakdown estimates & forecasts, 2018-2028
9.2.1.3. End-use breakdown estimates & forecasts, 2018-2028
9.2.2. CanadaWearable Brain Devices Market
9.3. Europe Wearable Brain Devices Market Snapshot
9.3.1. U.K. Wearable Brain Devices Market
9.3.2. Germany Wearable Brain Devices Market
9.3.3. France Wearable Brain Devices Market
9.3.4. Spain Wearable Brain Devices Market
9.3.5. Italy Wearable Brain Devices Market
9.3.6. Rest of EuropeWearable Brain Devices Market
9.4. Asia-PacificWearable Brain Devices Market Snapshot
9.4.1. China Wearable Brain Devices Market
9.4.2. India Wearable Brain Devices Market
9.4.3. JapanWearable Brain Devices Market
9.4.4. Australia Wearable Brain Devices Market
9.4.5. South Korea Wearable Brain Devices Market
9.4.6. Rest of Asia PacificWearable Brain Devices Market
9.5. Latin America Wearable Brain Devices Market Snapshot
9.5.1. Brazil Wearable Brain Devices Market
9.5.2. Mexico Wearable Brain Devices Market
9.6. Rest of The World Wearable Brain Devices Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Kernel
10.2.1.1. Key Information
10.2.1.2. Overview
10.2.1.3. Financial (Subject to Data Availability)
10.2.1.4. Application Summary
10.2.1.5. Recent Developments
10.2.2. EMOTIV
10.2.3. Neurolief
10.2.4. Brain Scientific
10.2.5. BioSerenity
10.2.6. mBrainTrain
10.2.7. Brain Application s
10.2.8. COGNIONICS, INC.
10.2.9. Bitbrain Technologies
10.2.10. Dreem
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Data Collection:
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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:
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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.
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