The
global non-invasive brain trauma monitoring
devices market is
expected to reach USD 15.12 billion by 2024, according to a new report by Grand
View Research, Inc. The rising burden of Traumatic Brain Injuries (TBI) is a
leading cause of neurodegenerative disorders such as Alzheimer’s and
Parkinson’s disease. As a result, there are numerous initiatives taken at the
regional and global levels to create awareness, which facilitated a heavy
diagnosis rate, thus governing the growth of non-invasive brain trauma
monitoring devices.
Technological
advancements in this field are connected with accuracy, portability, and
affordability, which are supporting the industry growth. For instance, recently
available non-invasive intracranial pressure monitors, such as Transcranial
Doppler (TCD), are accurate in positioning and creating a better pressure
gradient and also bringing in more accuracy in the treatment.
The Minimally Invasive
Surgeries (MIS) are less traumatic to patients and facilitate faster recovery
with minimum complications. In minimally invasive neurological surgeries, non-invasive
brain trauma monitoring devices play a critical role. Thus, the increasing
volume of MIS is driving the industry’s growth.
The key target population
in this industry includes people above 60 years. This section of the population
is at a greater risk for TBIs and their co-morbidities. The global geriatric
population is on arise and is a vital driver for this industry.
Browse full report by Grand View Research : http://www.grandviewresearch.com/industry-analysis/non-invasive-brain-trauma-monitoring-devices-market
Further
key findings from the study suggest:
·
Monitoring
devices that include intracranial pressure monitors, MRI scanners, CT scanners,
PET scanners, EEG, and MEG held a substantial share of around 60.0% in 2015.
The high costs associated with this equipment and the increasing usage of these
devices governed the growth of this segment.
·
The
consumables sub-segment in the product segment is anticipated to witness
lucrative growth over the forecast period. The repeat purchase of consumables
and regular maintenance activities are expected to spur the demand for these
products.
·
The
market on the basis of end-use is segmented into hospitals, neurological
centers, and other settings. The hospital segment dominated the end-use segment
with over 75.0% of the revenue. The greater volume of surgeries performed in
hospitals contributed to its growth.
·
On
the contrary, neurological centers are expected to grow at a sturdy rate over
the forecast period. The availability of specialized staff and advanced
methodologies are likely to boost the demand for this segment.
·
North
America dominated the non-invasive brain trauma monitoring devices market in
2015. The advanced healthcare system, high awareness level, and well-planned
reimbursement policies helped this market to grow in this region. However, Asia
Pacific is anticipated to witness significant growth over the forecast period.
·
Some key
players operating in this industry include Natus Medical, Inc., Nihon Kohden
Corporation, Philips Healthcare, GE Healthcare, Advanced Brain Monitoring, CAS
Medical Systems, Inc., Siemens, Compumedics Ltd., Medtronic Plc., and Integra
LifeSciences. New product launches, co-developments, and acquisitions are the
key initiatives in this industry.
·
For
instance, in January 2013, Natus Medical acquired Astro-Med’s products included
in monitoring and neurodiagnostic products. This acquisition helped the company
to widen the portfolio of EEG systems.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has
segmented the global non-invasive brain trauma monitoring devices market on the
basis of products, end-use, and region:
Global
Non-invasive Brain Trauma Monitoring Devices Market By Product (USD Million),
2013 - 2024
·
Monitoring
Devices
o
Intracranial
Pressure Monitors
o
MRI
o
CT
Scanner
o
PET
Scanner
o
EEG
o
MEG
o
Other
·
Consumables
o
Hospital
o
Neurological
Centers
o
Others
Global
Non-invasive Brain Trauma Monitoring Devices Market By End-use (USD Million),
2013 - 2024
·
Hospital
·
Neurological
Centers
·
Others
Non-invasive
Brain Trauma Monitoring Devices Market By Region (USD Million), 2013
- 2024
·
North
America
o
U.S.
o
Canada
·
Europe
o
UK
o
Germany
·
Asia
Pacific
o
Japan
o
China
·
Latin
America
o
Brazil
o
Argentina
·
MEA
o
South
Africa
o
Saudi
Arabia
View press release of this research report by Grand View
Research: http://www.grandviewresearch.com/press-release/global-non-invasive-brain-trauma-monitoring-devices-market
About Grand View Research
Grand View Research,
Inc. is a U.S. based market research and consulting company, registered in the
State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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