Portland, OR, March 06, 2019 (GLOBE NEWSWIRE) -- Allied Market Research recently published a report, titled, “Brain Monitoring Market by Technology (Devices and Accessories), and Application (Epilepsy, Dementia, Parkinson’s Disease, Huntington’s Disease, Headache Disorders, Stroke, Traumatic Brain Injuries, and Sleep Disorders)-Global Opportunity Analysis and Industry Forecast, 2018–2025.” According to the report, the global brain monitoring market generated $3.85 billion in 2017 and is expected to reach $6.59 billion by 2025, growing at a CAGR of 6.9% from 2018 to 2025.
Surge in prevalence of neurological disorders, technological advancements, and rise in geriatric population prone to brain injuries and other disorders facilitate the growth of the global brain monitoring market. However, lack of favorable reimbursement policies and strict government policies regulations restrict the market growth. On the other hand, potential in the untapped geographies would offer new opportunities in the industry.
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Non-invasive procedures segment to be lucrative segment
The non-invasive procedures segment held nearly 90% of the total market share in 2017 and is expected to dominate throughout the forecast period. This segment is expected to register the fastest growth rate with a CAGR of 6.9% from 2018 to 2025. It is a lucrative segment owing to relatively less side effects and high rate of adoption among patients. The report analyzes the segment of invasive procedure.
North America to hold the largest share in terms of revenue by 2025
North America contributed the largest share, with more than two-fifths of the total share in 2017 and will maintain its leadership status by 2025. This is due to high rate of adoption of predictive analytics software and availability of advanced healthcare infrastructure. However, Asia-Pacific region would grow at the fastest CAGR of 9.2% during the forecast period, 2018–2025. This is due to surge in awareness related to predictive analytics and huge number of R&D activities regarding predictive analytics tools in the developing countries.
Leading market players
The report analyzes the leading companies in the market, including Compumedics Ltd., Advanced Brain Monitoring, Inc., Natus Medical Incorporated, Koninklijke Philips N.V. (Philips Healthcare), CAS Medical Systems, Inc., Siemens AG, Medtronic Plc., General Electric Company (GE Healthcare), and Neural Analytics, Inc.
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