Brain Monitoring System Market

Brain Monitoring Systems Market: Increasing Incidence of Traumatic Brain Injuries and Brain Aneurysm Disorders Expected to Fuel Growth: Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 - 2028

2019-01-24
REP-GB-1259
315 pages

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Brain Monitoring System Market

An Incisive, In-depth Analysis on the Brain Monitoring System Market

This study offers a comprehensive, 360 degree analysis on the Brain Monitoring System market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Brain Monitoring System market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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Market to Witness Healthy Competition Due to Increasing Consolidations among Key Players

Increase in product consolidations activities, including sales and service agreements, collaborations, rising research and development activities, new product launches, joint ventures, partnerships, patent transfers and mergers & acquisitions among global and regional players are a characteristic phenomenon of the overall competition in the global brain monitoring system market. Additionally, provision of after sales services, such as software update and up gradations. Many global players have also installed new manufacturing and after sales service set-ups in countries, such as China, Japan, Brazil and Mexico, to increase the reach of their products. The aforesaid consolidated factors are anticipated to propel the growth of the brain monitoring market over the forecast period.

Increasing Acceptance of Neuro and Brain Related Studies in Developing Nations

Emerging countries especially in the Asia pacific region, such as China and India, are anticipated to be top hotspot destination for investment opportunities for key players. It is due to the high diagnosis growth rate, research activities, quality improvisations, increasing healthcare modernization in these countries. To increase revenue share, medical device manufacturing companies should focus on improving their research and development activities for brain monitoring systems such as, Standard Electroencephalography (EEG) Systems, Magnetic Resonance Imaging (MRI) Systems and other emerging systems such as Functional Near-Infrared Spectroscopy (fNIRS) with advanced facilities. Such steps will add growth into the brain monitoring devices market over the forecast period. Increasing demand for high end, advanced brain monitoring systems from end users, such as hospitals, ambulatory surgical centers, clinics and neonatal & pediatric Intensive care units (NICUs/PICUs) for better output and performance, will generate opportunities for launching of novel brain monitoring techniques in the market over the long run.

Rising Use of Brain Monitoring Systems in Large Integrated Healthcare Facilities

The use of brain monitoring systems has skyrocketed over the past decades. Brain monitoring systems has helped brain to gain insights of function, modulation, and pathology of the brain. The growing number of life threatening brain related neurological diseases and brain trauma injuries have led to a significant increase in the usage for EEG standard and MRI systems for brain monitoring across hospitals and clinics and other healthcare facilities.

Increase in Number of Brain Aneurysm and Traumatic Brain Injury Cases

According to the Brain Aneurysm Foundation, around 500,000 people lose their lives each year to brain aneurysm. Also, around six million people in the U.S. i.e. one in 50 people suffer from brain aneurysm each year. Rise in geriatric population is expected to boost overall demand for brain monitoring systems. As per an independent study, brain aneurysm is quite predominant in the age group of 35–60 years. According to the Canadian Institute of Health Research (CIHR), as of 2015, annual incidences of Traumatic Brain Injury (TBI) is estimated to be around 600/100,000 in North America and Europe. The epidemiology of mild traumatic brain injuries is almost two-third, which occur in males and are most common in young (35–50 years) and elderly (65 years and above).

Competitive Landscape

This section of the report features profiles of key players operating in the brain monitoring systems market based on their market shares, differential strategies, brain monitoring systems product offerings, marketing approach and company dashboard. Examples of some of the key players featured in this report include Nihon Kohden Corporation., Electrical Geodesics, Inc. (Koninklijke Philips N.V.), Siemens Healthcare GmbH, Hitachi Ltd Natus Medical Incorporated, Medtronic plc. Compumedics Ltd, Neurosoft, EB Neuro S.p.A, and Ricoh Company Ltd among others.

The key manufacturers of brain monitoring systems are focusing on marketing strategies to increase both their product portfolio as well as geographical presence. The company’s manufacturing brain monitoring systems are focused on pricing strategies in order to lead in the market for brain monitoring systems. Some other key market strategies followed by brain monitoring systems manufacturers include distribution & collaboration agreements to increase product reach, partnering with local as well as global retailers, and long-term partnerships with ambulatory surgical centers, clinics, hospitals and other distributor channels such as neonatal and pediatrics ICUs

Definition

Brain monitoring systems are used in neurological testing for detection of any abnormality in the functioning of the brain cells (neurons) that leads to development of neurological disorders such as Parkinson’s disease, epilepsy, dementia, brain tumor, sleep disorder, and Alzheimer’s. These systems also allows to observe and identify activity of neurons without invasive neurosurgery. This systems mainly monitors brain functions such neural activity, pressure surrounding the brain, cerebral oxygen capacity, tumor and strokes, blood pressure, traumatic cranial injury, and other critical conditions and aid in avoiding severe consequences. The non-invasive brain monitoring systems like MRI, EEG, MEG, fNRI etc. have increased demand in the global market. These mostly preferred for scanning anatomical pathologies in brain and understand structural and functional activity of neurons. The brain monitoring systems forms the integral part of neuroimaging and radiological procedures. In the report, the market of brain monitoring systems captures the installed base market of non-invasive brain monitoring systems with focus on MRI, EEG, MEG and fNRI systems only.

About the Report

FMI conducted a research study on the brain monitoring systems market for the forecast period 2018 to 2028. The report offers a comprehensive evaluation of the business opportunities prevailing in the brain monitoring systemsmarket along with insights on the brain monitoring systems products, trend, systems prices and awareness level for brain monitoring systems market. The report elaborates the macroeconomic factors influencing the dynamics of brain monitoring systemsmarket and its futuristic potential.

Segmentation

The report offers a comprehensive taxonomy of brain monitoring systems market based on product type, modality, end-user and region. Based on product type, the brain monitoring systems market is segmented into fNIRS, EEG Systems, MEG Systems, MRI Systems and other brain monitoring systems. The brain monitoring systems market is also based on modality and can be classified into Portable/Handheld Systems and Standalone Systems. These brain monitoring systems are used widely by end-users such as hospitals, ambulatory surgical centers, clinics and pediatric & neonatal intensive care units. The brain monitoring systems market has been analyzed across regions of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, China, Japan and MEA.

Additional Questions Answered

Some of the additional questions addressed in this report on brain monitoring systems market

What are the revenue potential of brain monitoring systems market across North America and Europe?
Who are the key competitors and what are their portfolios in the brain monitoring systems market?
What are major challenges influencing the growth of the brain monitoring systems market?
How intervention from regulatory authority is shaping the brain monitoring systems market growth?

Research Methodology

The brain monitoring systems market has been estimated based on supply-demand approach. The market was first calculated based on different brain monitoring installed base percentage usage conducted in different region/countries. The test percentage estimated was based on product usage in top 20 countries globally. Other qualitative factors analyzed during market value estimation include awareness level of usage of brain monitoring systems including devices installed base in the region, prevalence of brain aneurysm cases, epilepsy cases and other brain disorders. This information was further validated with rigorous primary research (including interviews, surveys, in-person interactions, and viewpoints of seasoned analysts) and secondary research (including verified paid sources, authentic trade journals, and resourceful databases). The research study on brain monitoring systems market also includes top trends and macro as well as micro-economic factors shaping the brain monitoring systemsmarket. With this approach, the report on brain monitoring systemsmarket anticipates the industry attractiveness of every major segment in the brain monitoring systems market over the forecast period.

With the incremental growth of the healthcare industry, technology companies are converging with top healthcare manufacturers to roll out innovative medical devices with improve efficiency and accurate monitoring features. This reflects in the impressive growth prospects of the brain monitoring system market, as manufacturers are launching brain wave and brain activity monitoring devices that can effectively diagnose and observe sleep conditions. Leading companies are introducing combinations of MEG systems, MRI systems, and ECG systems in brain monitoring devices in order to accurately monitor brain activities and brainwaves. Furthermore, with advent of next-generation technologies, the demand for wearable and portable brain monitoring systems is also surge significantly in the coming years.

A recent market study published by FMI “Brain Monitoring Systems Market: Global Industry Analysis 2013 – 2017 and Forecast 2018 – 2028” consists a comprehensive assessment of the most important market dynamics. On conducting a thorough research on the historic as well as current growth parameters of the brain monitoring systems market, growth prospects of the market are obtained with maximum precision. The report features unique and salient factors that may have a huge impact on the development of the Brain Monitoring Systems market during the forecast period. It can help the players to modify their manufacturing and marketing strategies to envisage maximum growth in the Brain Monitoring Systems market in the upcoming years. The report provides detailed information about the current and future growth prospects of the brain monitoring systems market in the most comprehensive way for the better understanding of readers.

Chapter 1 – Executive Summary

The report commences with the executive summary of the Brain Monitoring Systems market, which includes the summary of key findings and key statistics of the market. It also includes the market value (US$ million) estimates of the leading segments of the Brain Monitoring Systems market.

Chapter 2 – Market Introduction

Readers can find detailed taxonomy and definition of the brain monitoring systems market in this chapter, which will help readers to understand the basic information about the Brain Monitoring Systems market.

Chapter 3 – Market Opportunity Analysis

This chapter explains the key macro-economic factors that are expected to influence the growth of the brain monitoring systems market over the forecast period. Along with macroeconomic factors, this section also highlights the opportunity analysis for the brain monitoring systems market. It helps readers understand the market opportunity, based on which they can plan their strategies.

Chapter 4 – Market Background

This chapter highlights the key dynamics of the brain monitoring systems market, which include the drivers, restraints and trends. The supply-side drivers as well as the demand-side drivers of the brain monitoring systems market are explained well in this chapter. This chapter is expected to enable readers to understand the factors that are propelling the brain monitoring systems market, as well as those that are likely to hamper the growth of the brain monitoring systems market. Moreover, readers will understand the key trends followed by the leading manufacturers in the brain monitoring systems market.

Chapter 5 – Global Economic Outlook

This section highlights the healthcare spending of the top countries in each region. This section also explains the global and regional healthcare market outlook. The regional healthcare market focuses is analyzed in depth to assess the political, economic and business environment outlook of the respective region.

Chapter 6 – Key Inclusions

This chapter highlights the key inclusions of brain monitoring systems market report, which include regional pricing analysis, installed base scenario by region, regulatory guidelines and list of manufacturers.

Chapter 7 – North America Brain Monitoring Systems Market Analysis 2013–2017 and Opportunity Assessment 2018–2028

This chapter includes detailed analysis of the growth of the North America Brain Monitoring Systems market along with country-wise assessment including the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on product type, end user, modality and countries in the North America market.

Chapter 8 – Latin America Brain Monitoring Systems Market Analysis 2013–2017 and Opportunity Assessment 2018–2028

Readers can find detailed information about factors such as, incremental opportunity, Y-O-Y growth and regional trends that are impacting the growth of the Latin America Brain Monitoring Systems market. This chapter also includes the growth prospects of the Brain Monitoring Systems market in leading LATAM countries such as Brazil, Mexico and Rest of Latin America.

Chapter 9 – Western Europe Brain Monitoring Systems Market Analysis 2013–2017 and Opportunity Assessment 2018–2028

Important growth prospects of the Brain Monitoring Systems market based on its product types, end user, and modality in several West European countries, such as EU4, Spain and Rest of Western Europe are included in this chapter.

Chapter 10 – Eastern Europe Brain Monitoring Systems Market Analysis 2013–2017 and Opportunity Assessment 2018–2028

A detailed information about factors such as, incremental opportunity, Y-O-Y growth and regional trends that are impacting the growth of the Eastern Europe Brain Monitoring Systems market. This chapter also includes the growth prospects of the brain monitoring systems market in leading Eastern European countries such as Russia, Mexico and Eastern Europe.

Chapter 11 – Asia Pacific excluding China and Japan Brain Monitoring Systems Market Analysis 2013–2017 and Opportunity Assessment 2018–2028

India, Australia and New Zealand are the leading countries in the APECJ region that are the prime subject of assessment to obtain growth prospects of the APECJ Brain Monitoring Systems market in this chapter. Readers can find thorough information about the growth parameters of the APECJ Brain Monitoring Systems market during the period 2018-2026.

Chapter 12 – China Brain Monitoring Systems Market Analysis 2013–2017 and Opportunity Assessment 2018–2028

Important parameters which provides huge impact on the growth of the brain monitoring systems market in China based on the market segmentation, during the forecast period. This chapter also provides the overview of drivers, restraints, and trends in the china brain monitoring systems market.

Chapter 13 – Japan Brain Monitoring Systems Market Analysis 2013–2017 and Opportunity Assessment 2018–2028

Readers can find important factors that can make a huge impact on the growth of the Brain Monitoring Systems market in Japan based on the market segmentation, during the forecast period. Readers can find thorough information about the growth parameters of the Japan brain monitoring systems market during the period 2018-2026.

Chapter 14 – MEA Brain Monitoring Systems Market Analysis 2013–2017 and Opportunity Assessment 2018–2028

Important growth prospects of the brain monitoring systems market based on its product types, end user, and modality in several West European countries, such as GCC Countries, South Africa and Rest of MEA is included in this chapter.

Chapter 15 – Forecast Factors: Relevance and Impact

This chapter highlights the key factors taken into consideration which forecasting the market value of the global brain monitoring systems market. The impact of this forecast factor in different regions is also mentioned in this chapter.

Chapter 16 – Forecast Assumptions

This section provides the relevant factors and their impact on the market, which were taken into consideration to build the market for the current year 2017 and make the market forecast (2018–2028). It will help the readers to be more informative and know which factors play key role in shaping the present and future of the market.

Chapter 17 – Market Structure Analysis

This section explains the tier structure of the global brain monitoring systems market, which helps readers understand the percent share of the market based on the tier 1, tier 2 and tier 3 players in the brain monitoring systems market. This section also explains the company share analysis for the brain monitoring systems market, which helps readers understand the market share held by the key players of the Brain Monitoring Systems market.

Chapter 18 – Competition Analysis

In this chapter, readers can find a comprehensive list of all the leading stakeholders in the brain monitoring systems market along with detailed information about each company, including company overview, revenue shares, strategic overview, and recent company developments. The players featured in the report include Nihon Kohden Corporation., Electrical Geodesics, Inc. (Koninklijke Philips N.V.), Siemens Healthcare GmbH, Hitachi Ltd Natus Medical Incorporated, Medtronic plc. Compumedics Ltd, Neurosoft, EB Neuro S.p.A, and Ricoh Company Ltd, among others.

Chapter 19 – Global Brain Monitoring Systems Market Analysis 2013-2017 & Opportunity Assessment 2018-2028, By Region

This chapter explains how the Brain Monitoring Systems market will grow across various geographic regions such as North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific Excluding Japan (APECJ), China, Japan and the Middle East & Africa (MEA).

Chapter 20 – Global Brain Monitoring Systems Market Analysis 2013-2017 & Opportunity Assessment 2018-2028, By Product Type

Based on the product type, the Brain Monitoring Systems market is segmented into Based on product type, the brain monitoring systems market is segmented into fNIRS, EEG Systems, MEG Systems, and MRI Systems and other brain monitoring systems. In this chapter, readers can find a detailed analysis of the brain monitoring systems market by different product types and their expected growth over the forecast period.

Chapter 21 – Global Brain Monitoring Systems Market Analysis 2013-2017 & Opportunity Assessment 2018-2028, By Modality

Based on the Modality, the Brain Monitoring Systems market is segmented as can be classified into portable/handheld systems and standalone systems. This section helps readers understand the penetration of different modality in the brain monitoring systems market over the forecast period.

Chapter 22 – Global Brain Monitoring Systems Market Analysis 2013-2017 & Opportunity Assessment 2018-2028, By End User

Based on the end use, the global brain monitoring systems can be classified into portable/handheld systems and standalone systems. In this chapter, readers can understand the market attractive analysis based on the end user.

Chapter 23 – Global Brain Monitoring Systems Market Analysis 2013–2017 and Opportunity Assessment 2018–2028

This section explain the global market analysis and forecast for the brain monitoring systems market. It also highlights the incremental opportunity for the brain monitoring systems market along with the absolute dollar opportunity for every year between the forecast periods of 2018-2028.

Chapter 24 – Assumptions and Acronyms

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the report.

Chapter 25 – Research Methodology

This chapter helps readers to understand the research methodology followed to obtain various conclusions, important qualitative information, and quantitative information about the brain monitoring systems market.