Global Brain Health Devices Market Outlook and Forecast 2019-2026

 

Brain Health Devices Market
Brain Health Devices Market 

Electromyography (EMG) devices, deep brain stimulation systems (brain pacemakers), magneto encephalograms, cerebral oximeters, and other implantable brain devices are examples of brain health devices, also referred to as brain monitoring devices. These tools are used to regulate and keep an eye on neural activity that may contribute to neurological disorders like Parkinson's, Alzheimer's, epilepsy, dementia, multiple sclerosis, sleep disturbances, and brain tumours. Although pharmacological therapy can be used to address these neurological problems, later stages of the illness may call for surgical operations.

The global Brain Health Devices Market was valued at US$ 9,070.5 million in 2018, and is expected to witness a CAGR of 7.7% during the forecast period (2019–2026).

The global Brain Health Devices Market is anticipated to be driven by rising cases of neurological illnesses such epilepsy, Parkinson's disease, and Alzheimer's disease in older adults, particularly in the geriatric population. The market for neuromonitoring devices will be driven by the increasing prevalence of neurological diseases, the growth in neurodegenerative disorders, the number of brain injuries, and the recent expansion of brain tracking in clinical research. Opportunities are anticipated for Brain Health Devices Market participants in neuromonitoring devices due to the increasing need for non-invasive and non-destructive technologies, growing clinical applications, and the rising healthcare sector in emerging nations.

The ongoing proliferation of wearable technology has been motivated by the shrinking size of sensors and electronics. The availability of affordable consumer products in the personal wellbeing and health sector has increased dramatically as a result of the ability to build smaller, faster, and smarter CPUs and sensors. Major developments in neurological research are anticipated to significantly boost demand for wearable brain devices during the coming years.

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