Wireless Brain Sensors Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The wireless brain sensors market is segmented by Product Type (Devices, Accessories), by Application and by Geography.

Market Snapshot

Wireless Brain Sensors Market Size
Study Period: 2018 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 9.6 %
Wireless Brain Sensors Market Key Players

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Market Overview

The wireless brain sensors market is projected to grow with a CAGR of 9.6% over the forecast period. The major factor attributing to the growth of the market is the rising prevalence of neurological disorders like Parkinson’s disease, epilepsy, Alzheimer’s disease, and others. Numerous factors such as changes in lifestyle and severe variations in the social environments have collectively strengthened the demand for wireless brain sensors market. According to the World Health Organization, around 50 million people had dementia until 2019, and there are nearly 10 million new cases every year. Alzheimer's disease is the most common form of dementia and may contribute to 60–70% of cases. The total number of people with dementia is projected to reach 82 million in 2030 and 152 in 2050. Furthermore, rising investments in research and development and technological advancements boost the market growth. However stringent regulations and complexity of the functionality of the product are the major drawbacks for the market growth.

Scope of the Report

Wireless Brain Sensors are devices that help to observe the temperature, sensing the intracranial pressure, and record brain signaling in the form of brain waves. The essential aim of this wireless brain sensor is of securing the person from emergency situations. The devices are mainly used for patients experiencing conditions such as sleep disorders, traumatic brain injury, dementia, Parkinson’s disease, and other neurological conditions. This report is segmented by Product Type, by Application, and by Geography.

By Product Type
Devices
Electroencephalography Devices
Sleep Monitoring Devices
Others
Accessories
By Application
Traumatic Brain Injuries
Dementia
Sleep Disorders
Others
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
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Traumatic Brain Injuries Create Maximum Demand for Wireless Brain Sensors

The dominant share of the segment is due to the rising incidence rates of traumatic brain injuries (TBI) globally. For instance, as per the American Association of Neurological Surgeons, about 1.7 million cases of TBI occur in the United States every year. Approximately 5.3 million people live with a disability caused by TBI in the United States alone. Annual direct and indirect TBI costs are estimated at USD 48-56 billion. Every year, 80,000-90,000 people experience the onset of long-term or lifelong disabilities associated with TBI. The increasing prevalence of the TBI is boosting the usage of the wireless brian sensors and ultimately increasing the market growth.

Wireless Brain Sensors Market Share

North America Dominates the Market and Expected to do Same in the Forecast Period

North America is expected to dominate the overall Wireless Brain Sensors market, throughout the forecast period. The largest share is mainly due to the presence of a larger patient pool and increasing investments for product development. Furthermore, well-established insurance policies and the availability of advanced healthcare infrastructure are a few of the other factors boosting the market in this region. In the North America region, the United States holds the largest market share due to factors such as an increasing number of neurological disorders, in the country.

According to Health Union, LLC. About 1 million Americans are living with Parkinson’s disease, and approximately 60,000 Americans are diagnosed with the disease each year.

The above-mentioned statistics indicate that the large patient pool and high disposable income propel the market growth in the region.

Wireless Brain Sensors Market Analysis

Competitive Landscape

The Wireless Brain Sensors market is moderately competitive. A few of the crucial approaches followed by players functioning in the market include product advancement, invention, acquisitions, and mergers. Some of the companies which are currently dominating the market are NeuroSky, EMOTIV, Advanced Brain Monitoring, Inc., Koninklijke Philips N.V., Medtronic, Muse, Natus Medical Incorporated, Cadwell Industries, Inc., NeuroWave Systems Inc., BrainScope.

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 Prevalence of Neurological Disorders

      2. 4.2.2 Increasing R&D Investment and Technological Advancements

    3. 4.3 Market Restraints

      1. 4.3.1 Stringent Regulation and Complexity of the Product

    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 Devices

        1. 5.1.1.1 Electroencephalography Devices

        2. 5.1.1.2 Sleep Monitoring Devices

        3. 5.1.1.3 Others

      2. 5.1.2 Accessories

    2. 5.2 By Application

      1. 5.2.1 Traumatic Brain Injuries

      2. 5.2.2 Dementia

      3. 5.2.3 Sleep Disorders

      4. 5.2.4 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 NeuroSky

      2. 6.1.2 EMOTIV

      3. 6.1.3 Advanced Brain Monitoring, Inc.

      4. 6.1.4 Koninklijke Philips N.V.

      5. 6.1.5 Medtronic Plc

      6. 6.1.6 InteraXon Inc.

      7. 6.1.7 Natus Medical Incorporated

      8. 6.1.8 Cadwell Industries, Inc.

      9. 6.1.9 NeuroWave Systems Inc.

      10. 6.1.10 BrainScope

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

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

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Frequently Asked Questions

The undefined market is studied from 2018 - 2026.

The undefined is growing at a CAGR of 9.6% over the next 5 years.

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

North America holds highest share in 2021.

NeuroSky, EMOTIV, Advanced Brain Monitoring, Inc., Koninklijke Philips N.V., Medtronic are the major companies operating in undefined.

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