San Francisco, 03 January, Non-invasive Brain Trauma Monitoring Devices
Market Analysis By Product (Monitoring Devices, Consumables), By End-use
(Hospital, Neurological Centers), And Segment Forecasts To 2024.
The global non-invasivebrain 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.
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Report On Non-invasive Brain Trauma Monitoring
Devices Market Analysis:
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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.
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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
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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/
