Global Wireless Brain Sensors Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Wireless Brain Sensors Market” is the title of an upcoming report offered by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in to various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global wireless brain sensors market has been segmented on the basis of product, application, end-use, as well as regions and countries.
Wireless brain sensors are devices that are used to aid in the monitoring the temperature, detecting the intracranial pressure, and record brain signaling in the form of brain waves. The essential aim of these wireless brain sensors is in securing an individual from an emergency situation. These devices are primarily used for patients experiencing conditions such as traumatic brain injury, sleep disorders, Parkinson’s disease, dementia, as well as other neurological conditions. These devices aid in the observing and monitoring of neurological deviations and offers support to improving cognitive functionalities.
The increasing adoption of unhealthy lifestyle choices such as excessive smoking, and the drinking of alcohol, as well as the adoption of sedentary lifestyles by individuals across the world, which unfortunately results in the development of various chronic diseases are some of the primary factors that are expected to continue to influence the revenue growth of the global wireless brain sensors market over the next decade.
Moreover, the steady increase in the number of Traumatic Brain Injuries (TBI) which may be brought about by a sharp bump, blow, or shock to the skull that may result in the temporary or permanent impairment to an individual’s brain, is another factor that is expected to impact the future market growth of this global industry. A few of the primary causes for TBI are falls, sports injuries, domestic violence, gunshot wounds, traffic accidents, etc.
In light of the recent COVID-19 outbreak, the operations of numerous industries have been either temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The global wireless brain sensors market is no different, and due to the same aforementioned reason, there has been a significant decline in the number of individuals suffering from TBIs since the start of this year.
Nonetheless, the gradual increase in the number of individuals suffering from strokes across the world due to poor lifestyle choices is also a factor that is expected to play a significant role in the revenue growth of the global wireless brain sensors market in the foreseeable future.
Segmentation of the global wireless brain sensors market is as follows:
In terms of product, the electroencephalography (EEG) devices segment accounted for the maximum number of revenue shares of the global wireless brain sensors market in 2020, and is expected to index the fastest rate of revenue growth over the next decade. This can be attributed to the growing prevalence of strokes, migraines, as well as other TBIs across the world.
On the basis of application, the others segment accounted for the highest number of revenue shares of the global wireless brain sensors market in 2020. However, the traumatic brain injuries segment is anticipated to index the fastest rate of revenue growth in the coming years.
With regards to end-use, the multispecialty hospitals segment accounted for the highest number of revenue shares of the global wireless brain sensors market in 2020, and is expected to index the fastest rate of revenue growth in the years to come.
Regional Segmentation and Analysis:
North America accounted for the highest number of revenue shares of the global wireless brain sensors market in 2020, and is expected to register the fastest rate of revenue growth over the forecast period. This can be attributed to the presence of well-established healthcare infrastructure the growing prevalence of TBIs, as well as favorable reimbursement policies in this region. The markets in the Asia Pacific region are also anticipated to register considerable revenue growth over the next decade.
Segmentation of the Global Wireless Brain Sensors Market:
Segmentation by Product:
- Electroencephalography (EEG) Devices
- Sleep Monitoring Devices
- Intracranial Pressure (ICP) Monitors
- Transcranial Doppler (TCD) Devices
Segmentation by Application:
- Parkinson's Disease
- Traumatic Brain Injuries
Segmentation by End-Use:
- Multispecialty Hospitals
- Research Institutes
Segmentation by Regions:
- North America
- South America
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- EMOTIV Inc.
- Advanced Brain Monitoring Inc.
- NeuroSky Inc.
- Neuronetrix Solutions LLC.
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