Neurofeedback Systems Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented By Application (ADHD, Pain Management, Insomnia, Anxiety Disorder, and Other Diseases), and Geography.

Market Snapshot

Image 1 - Nuerofeedback systems market
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: >5.4 %

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Market Overview

Neurofeedback refers to the biofeedback either positive or negative produced from the desirable or undesirable brain activities. In past decade, several studies have been conducted upon the neurofeedback therapy and its effectiveness on the treatment of several diseases related to brain diseases. Many brain dysfunctions such as anxiety disorder, epilepsy, pain, and others can be treated using the neurofeedback system. All the activities are recorded by the electroencephalogram (EEG), which is the primary device connected to neurofeedback systems. The technological advances steadily in this domain also boost the growth of the studied market. However, with advances in other technologies related to brain monitoring, these neurofeedback systems are costly and time consuming, and also the efficacy of the treatment via advanced technologies is validated well across the different geographies, which limits the usage of neurofeedback systems. Therefore these factors are acting as some of the major restraints to the studied market.

Scope of the Report

Neurfeedback systems are used by the medical professionals to measure and train the human mind to understand their physiological processes in order to enhance the health and lifestyle of diseases patient. The studied market is segmented by type of neurofeedback, by application and by geography.

By Application
Attention Deficit Hyperactivity Disorder (ADHD)
Pain Management
Insomnia
Anxiety Disorder
Other Diseases
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
South America

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Key Market Trends

Treatment of ADHD is Expected to be the Major Contributor to the Market Over the Forecast Period

  • The neurofeedback therapy is a type of rehabilitation approach to the treatment of ADHD. In recent years, it has been noticed by the medical and scientific community that the drugs used for its treatment does not show the improved effects on the clinical treatment, with several side effects. In such conditions, the neurofeedback is associated with the long-term improvement.
  • The past two decades has observed several studies which supports the use of neurofeedback systems for the treatment of ADHD in children, however, the American Academy of Pediatrics does not list neurofeedback or biofeedback as a recommended treatment in their clinical practice guidelines.
  • Although there are several challenges associated with this type of treatment across many countries, but theses techniques has been used as experimental intervention for several years, however, there are no standardised intervention.
Image 3.png

North America is Expected to Hold a Significant Share in the Market with Similar Trend in the Forecast Period

North America with its advanced healthcare infrastructure, and presence of many medical devices companies well-connected with the hospitals primarily boost the growth of this market. The fact that many companies opt for the clinical advancement activities from the developed markets mainly United States, also makes the North America region, the major contributor to the growth of this studies market. The presence of several foundations which acts support systems for many healthcare provider associated with the treatment of brain dysfuntions also fuels the neurofeedback systems market.

Image 3 - Neurofeedback Systems Market (2020-2025).png

Competitive Landscape

With growth in better diagnosis and treatment of brain diseases leading to greater demand of EEG devices, helps the manufacturers to invest upon the neurofeedback systems which helps in better processing of information obtained from the EEG devices. Some of the major companies in this segment include Brainmaster Technologies, Inc., Mind Media, NeuroCare Group GmbH, Neurobit Systems, BEE Medic, and others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 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 Growing Burden of Brain Dysfunctions

      2. 4.2.2 Increasing Technological Advances Towards Brain Monitoring

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost and Time Consuming

    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 Application

      1. 5.1.1 Attention Deficit Hyperactivity Disorder (ADHD)

      2. 5.1.2 Pain Management

      3. 5.1.3 Insomnia

      4. 5.1.4 Anxiety Disorder

      5. 5.1.5 Other Diseases

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

        3. 5.2.1.3 Mexico

      2. 5.2.2 Europe

        1. 5.2.2.1 Germany

        2. 5.2.2.2 United Kingdom

        3. 5.2.2.3 France

        4. 5.2.2.4 Italy

        5. 5.2.2.5 Spain

        6. 5.2.2.6 Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. 5.2.3.1 China

        2. 5.2.3.2 Japan

        3. 5.2.3.3 India

        4. 5.2.3.4 Australia

        5. 5.2.3.5 South Korea

        6. 5.2.3.6 Rest of Asia-Pacific

      4. 5.2.4 Middle-East and Africa

      5. 5.2.5 South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Brainmaster Technologies, Inc.

      2. 6.1.2 BEE Medic

      3. 6.1.3 Neurobit Systems

      4. 6.1.4 NeuroCare Group GmbH

      5. 6.1.5 Thought Technology Ltd

      6. 6.1.6 Mind Media

      7. 6.1.7 Wearable Sensing

    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 Neurofeedback Systems Market market is studied from 2018 - 2026.

The Neurofeedback Systems Market is growing at a CAGR of >5.4% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Brainmaster Technologies, Inc , Mind Media , NeuroCare Group GmbH , Neurobit Systems , BEE Medic are the major companies operating in Neurofeedback Systems Market.

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