Business Description
The Global Wireless Brain Sensor Market is expected to reach $xx Mn in 2027, at a CAGR of xx% during the forecast period.Market Overview & Dynamics:
Over the past several decades the use of electronics in a wearable form to monitor body signals and the surrounding environment has led to major developments in healthcare and environmental sensors. A wireless brain sensor is an electronic biosensor that can be incorporated inside the human brain to measure or determine the pH temperature flow rates and pressure of the brain. Moreover, it dissolves when no longer needed without the need for any surgical procedure. It is widely applicable in the neuroscience field as around 50000 people every year in the USA die because of brain trauma and injuries. In 2016 a team of neurosurgeons and scientists at Washington University School of Medicine in St. Louis developed a new type of small thin wireless brain sensor that can monitor intracranial pressure and temperature and then be absorbed by the body.
Traumatic brain injuries create maximum demand for wireless brain sensors. Also, higher incidence rates of various neurological disorders, high-stress levels have led to rising demand for wireless brain sensors escalate this market. The benefits of new devices are their dissolution over a period of time with no need for surgeries, which minimizes infections and further complications. The materials chosen include very small amounts of things like magnesium and silicon which are recommended parts of the daily diet, these factors contribute to the market boost. Moreover, portability, lesser risk of allergic reactions or infection, and technological advancements are the major key drivers for the growth of the Global Wireless Brain Sensor Market. However, the major limitation of using an implant is that it may trigger an immune response inside the patient's body which leads to infections chronic inflammation, and erosion of skin or organs. Also, high costs and lack of reimbursement facilities by the government, and lack of skilled professionals are the major restraints of the Global Wireless Brain Sensor Market.
The report covers the detailed analysis of global Wireless Brain Sensor industry with the classifications of the market. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player's contribution in it.
The report has profiled fourteen key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed and the report has come up with recommendations for a future hot spot in APAC region.
Regional Insights:
Global Wireless Brain Sensor Market
North America is expected to witness the lucrative market growth of xx% throughout the forecast period.
North America commanded the global market in 2019 by xx% market share. It is expected to dominate the global market due to the high cost of devices and the establishment of adequate reimbursement policies in the region. Also, highly developed medical infrastructure, rapidly growing adoption rate of advanced technology and products, and high per capita healthcare expenditure are expected to drive the regional market growth. Neurological disorders are the most prevalent diseases in the U.S. around 20 million Americans experience some form of neuropathy and about 16% of U.S. household contains an individual with brain impairment.
Asia Pacific is expected as the fastest growing region during forecast period at a CAGR of xx%.
The Asia Pacific will command the global market owing to the drivers like improved medical infrastructure, presence of large target population with high unmet needs, adaptation of minimally invasive techniques increased patient awareness and the rise in disposable income. The market is anticipated to experience fast development in demand for wireless brain sensor in emerging countries such as China, India, Indonesia, and South Korea over the forecast period owing to rising incidences of the large patient pool. Along with this, rising incidents of road accidents, government initiatives, and advancements in the clinical development are few other factors aiding the growth of the market in this region.
Segment Analysis:
The global Wireless Brain Sensor market is segmented based on product type, application, and end-users. The product type is segmented into devices and Accessories. The device segment includes electroencephalography devices and sleeps monitoring device.
The electroencephalography device is expected to be the dominant segment during the forecast period. It held the largest revenue share of xx% in 2019. Electroencephalography (EEG) is one of the most widely used methods for evaluating the electrical activities of the brain. Due to the advantages of non-invasive measurement and the capability of long-term monitoring of the EEG signal, an electroencephalograph plays an important role in brain examinations and studies. Two issues limit the use of commercially available EEG recording systems. The primary limiting issue is that they are hardly portable. The second problem is that electrically-conductive gel is often required for a good connection between the mounted sensors and the scalp. The gel takes a lot of time to apply and it tends to dry out, which limits the recording time. Electroencephalography (EEG) has excellent temporal resolution, low cost, and no real safety restrictions, but poor spatial resolution and high noise.
For more information visit@ https://www.maximizemarketresearch.com/market-report/global-wireless-brain-sensor-market/84003/
Global Wireless Brain Sensor Market1
Market Segmentation:
By Product Type:
• Devices
Electroencephalography devices
Sleep monitoring devices
• Accessories
By Application:
• Traumatic brain injuries
• Dementia
• Sleep disorders
By End-Users:
• Multispecialty Hospitals
• Research Institutes
• Others
Key players operating in global Wireless brain sensor market:
• NeuroSky
• EMOTIV
• Advanced Brain Monitoring Inc.
• Koninklijke Philips N.V.
• Medtronic
• Muse
• Natus Medical Incorporated
• Cadwell Industries Inc.
• NeuroWave Systems Inc.
• BrainScope.
• Hangzhou Zhongheng Electric
• Deayea
• NeuroTherapeutics
• Melon
The report also helps in understanding Global Wireless Brain Sensor Market dynamics, structure by analyzing the market segments and project the Global Wireless Brain Sensor Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Wireless Brain Sensor Market make the report investor’s guide.
This report submitted by Maximize market Research Company
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Contact info:
Name: Lumawant Godage
Organization Address: MAXIMIZE MARKET RESEARCH PVT. LTD.
Email: [email protected]
Address: Omkar Heights, Sinhagad Road, Manik Baug, Vadgaon Bk,Pune, Maharashtra 411051, India.
Contact: +919607195908
