(EMAILWIRE.COM, April 05, 2019 ) The increasing incidence of neurological disorders, rising awareness about neurodegenerative diseases, growth in the number of traumatic brain injuries, and technological advancements are major factors driving the demand for brain monitoring devices. On the other hand, the shortage of trained professionals to effectively operate brain monitoring devices and unfavorable reimbursement policies are restraining the growth of this market.

On the basis of product, the brain monitoring market is segmented into devices and accessories. The devices segment is estimated to command the largest share in 2016. The large share of this segment can be attributed to factors like increasing incidence of neurological, neurodegenerative, psychotic, and sleep disorders; the need for early diagnosis; availability of innovative portable and wearable home-based monitoring devices; and increasing patient awareness. On the basis of end user, the brain monitoring market is segmented into hospitals, neurology centers, clinics and ambulatory surgical centers (ASCs), diagnostic centers, ambulances and centers, and other end users.

Based on type, the brain monitoring devices market is segmented into MRI scanners, CT scanners, PET scanners, electroencephalography devices, cerebral oximeters, intracranial pressure monitors, sleep monitoring devices, electromyography devices, TCD devices, and magnetoencephalography devices. The MRI scanners segment is estimated to account for the largest share in 2016.

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This is due to its advantages over other imaging techniques, such as superior image quality; technological advancements in MRI scanners; and growing application of MRI in the diagnosis and staging of neurological disorders. The large share of this segment can be attributed to the fact that MRI is an important, superior, and sensitive imaging technique for brain imaging in routine clinical practice.

Based on procedure, the brain monitoring devices market is segmented into invasive and noninvasive devices. In 2016, the noninvasive devices segment is expected to account for the largest share. Noninvasive brain monitoring is much easier, quicker, safer, and cost-effective than invasive methods. Hence, the demand for noninvasive brain monitoring modalities is increasing among medical practitioners and patients.

This demand had fueled R&D activities for the development of more accurate and easy to use noninvasive wearable devices that do not require skilled professionals for handling. These are some factors driving the market for noninvasive brain monitoring devices. In addition, a number of market players are focusing on the development of noninvasive brain monitoring devices; this is expected to support market growth during the forecast period.

Based on region, the global brain monitoring market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). North America is expected to account for the largest share of the market by the end of 2016. This large share can be attributed to the increase in the geriatric population, growing incidence of various neurodegenerative and sleep disorders, availability of insurance coverage for brain monitoring techniques, government initiatives to support technological advancement in the field of neurosciences, and increasing awareness about the benefits of early diagnosis of diseases.

Prominent players in the brain monitoring market include Natus Medical Inc. (U.S.), Nihon Kohden Corporation (Japan), Philips Healthcare (Netherlands), GE Healthcare (U.K.) Siemens Healthineers (Germany), Compumedics Ltd. (Australia), Electrical Geodesics Incorporated (U.S.), Medtronic plc (Ireland), CAS Medical Systems, Inc. (U.S.), and Advanced Brain Monitoring (U.S.).

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