Asia-Pacific Neurology Monitoring Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Asia-Pacific Neurology Devices Market is Segmented by Product Type (Magnetic Resonance Imaging (MRI) Devices, Electroencephalography devices, Cerebral Oximeters, Intracranial Pressure Monitors and Other Product Types), Disease Type, and Geography

Market Snapshot

CAGR
Study Period:

2018 - 2026

Base Year:

2019

CAGR:

8.1 %

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Market Overview

The Asia-Pacific region has the fastest-growing market for neurology monitoring devices. The developing economies like India and China are making large investments in healthcare and medical research, making advanced technologies like these more accessible and affordable. Countries such as Japan and South Korea have a high per capita income and more advanced technologies available, contributing to the fast-growing Asia-Pacific market. There is also increased awareness among patients about the healthcare facilities available. 

Furthermore, the increasing target disease burden in the region is fueling the market growth. According to an article published by M Gourie Devi, the average crude prevalence rate of common neurological disorders in India is 2394 and ranged from 967 to 4070/100000 population with a higher prevalence rate in rural compared to the urban population for the year 2018. There is an increasing number of patients with neurological disorders and therefore, increasing the neurology monitoring devices is found to be used in the region.

Scope of the report

As per the scope of the report, neurology monitoring devices are used to monitor and diagnose neurological conditions by exploring the structure and function of the brain. This process involves the use of several brain monitoring devices to track and monitor brain functions. In addition, these devices help monitor neural and electrical activity in the brain.

By Product Type
Magnetic Resonance Imaging (MRI) Devices
Electroencephalography devices
Cerebral Oximeters
Intracranial Pressure Monitors
Other Product Types
By Disease Type
Traumatic Brain Injury (TBI)
Stroke
Sleep Disorders
Parkinson's Disease
Epilepsy
Other Diseases
Geography
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific

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Key Market Trends

Electroencephalography (EEG) Devices is Expected to be Fastest Growing Segment in the Neurology Monitoring Market

Electroencephalography (EEG) is an electrophysiological monitoring method that is used to record the electrical activity of the brain. It is typically noninvasive, with the electrodes placed along the scalp, although invasive electrodes are sometimes used, as in electrocorticography. An EEG is one of the main diagnostic tests for epilepsy and sleep apnea. 

An EEG can also play a role in diagnosing other brain disorders. According to Eugen Trinka in the article 'Epilepsy in Asia: Disease burden, management barriers, and challenges' published in 2018 stated that about 4 billion people live in Asia, of them, 23 million people have epilepsy. Therefore with the huge patient pool, the segment growth is expected to increase in the forecast period.

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Competitive Landscape

The Asia-Pacific Neurology Devices Market is moderately competitive with several major players. Some of the key players in the market are Natus Medical Inc., Philips, Nihon Kohden Corporation, GE Healthcare, Drägerwerk, and Siemens Healthineers, which are found focusing on R&D to develop the technologically-advanced products in order to reduce the cost and side effects associated with the products.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Burden of Neurological Disorders

      2. 4.2.2 Increasing Number of Product Approvals

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Monitoring Devices

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Magnetic Resonance Imaging (MRI) Devices

      2. 5.1.2 Electroencephalography devices

      3. 5.1.3 Cerebral Oximeters

      4. 5.1.4 Intracranial Pressure Monitors

      5. 5.1.5 Other Product Types

    2. 5.2 By Disease Type

      1. 5.2.1 Traumatic Brain Injury (TBI)

        1. 5.2.1.1 Stroke

        2. 5.2.1.2 Sleep Disorders

        3. 5.2.1.3 Parkinson's Disease

        4. 5.2.1.4 Epilepsy

        5. 5.2.1.5 Other Diseases

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 Japan

        3. 5.3.1.3 India

        4. 5.3.1.4 Australia

        5. 5.3.1.5 South Korea

        6. 5.3.1.6 Rest of Asia-Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Natus Medical Inc.

      2. 6.1.2 Nihon Kohden Corporation

      3. 6.1.3 Philips Healthcare

      4. 6.1.4 GE Healthcare

      5. 6.1.5 Siemens Healthineers

      6. 6.1.6 Compumedics Limited

      7. 6.1.7 Medtronic Plc

      8. 6.1.8 Advanced Brain Monitoring Inc.

      9. 6.1.9 Dragerwerk Ag & Co. Kgaa

      10. 6.1.10 Masimo Corporation

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Asia-Pacific Neurology Monitoring Market market is studied from 2018 - 2026.

The Asia-Pacific Neurology Monitoring Market is growing at a CAGR of 8.1% over the next 5 years.

  • Natus Medical Inc.
  • GE Healthcare
  • Dragerwerk Ag & Co. Kgaa
  • Nihon Kohden Corporation
  • Philips Healthcare

Are the major companies operating in Asia-Pacific Neurology Monitoring Market.

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