Wireless Brain Sensor Market Research Report Including SWOT Analysis, PESTELE Analysis, Drivers, Restraints, Global Indu

Increasing prevalence of neurological disorders and TBIs and increasing elderly population globally are some key factors driving global market revenue growth

The global wireless brain sensor market size reached USD 391.7 million in 2020 and is expected to register a revenue CAGR of 9.5%, during the forecast period, according to latest analysis by Emergen Research. Rising demand for wireless brain sensors for detecting neurological disorders and increasing elderly population and need for sensors for monitoring among members of this patient pool for range of medical conditions and illnesses are major factors driving market revenue growth.

Demand for wireless brain sensors is high as need for such sensors is increasing to diagnose neurological disorders. Brain trauma is one of the major causes that can lead to death. Wireless brain sensors are used to pick up the early signs of brain swelling and a neural prosthesis is a device that allows patients with cognitive dysfunctions to communicate or to produce a physical action that can be evaluated. For epileptic patients, wireless brain sensors provide long-term monitoring sessions in a non-hospital environment.

The supply chain disruptions and economic instability have negatively impacted the growth of the market in several key regions. The report offers an in-depth analysis of the market size, market share, and market growth and its estimation through the forecast years on the basis of the COVID-19 crisis. The report examines the recent COVID-19 crisis and its impact on the global market. The report explores the present and future impact of the pandemic and provides an insight into the post-pandemic market scenario.

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Some Key Highlights From the Report

  • Sleep monitoring device segment revenue is expected to expand at a significantly rapid CAGR during the forecast period due to increasing prevalence of neurodegenerative disorders, Parkinson’s diseases, and Alzheimer’s diseases. These devices are used as sleep trackers to ensure good sleep hygiene and maintain proper health of patients.
  • Traumatic Brain Injuries (TBIs) segment is expected to register a significantly steady revenue growth rate over the forecast period. Increasing number of individuals participating in sport and recreational activities is expected to increase patient volume suffering from various brain injuries owing to higher potential of and exposure to potential injuries and risks. Also, increasing number of road accidents is a major cause of TBIs. Increasing awareness regarding TBIs and higher number of cases of injuries are some other factors boosting growth of this segment.
  • In July 2021, Interaxon, along with Celéri Health and pain expert Dr. Ronald D. Siegel, announced that it is testing a therapeutic intervention to help people better manage chronic and acute pain. This non-opioid alternative consisting of mindfulness tools, psychoeducation, and EEG biofeedback will be able to provide more a accessible and safer option to alleviate both economic burden and patients' symptoms.

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The report offers a complete analysis of the global Wireless Brain Sensor market on a global and regional scale and offers a forecast for the market for 8 years. The report provides extensive coverage of the market drivers, restraints, limitations, growth prospects, threats, opportunities, and current and emerging trends in the market. The report also offers an in-depth analysis of the market players along with their business overview, product portfolio, technological advancements, expansion plans, financial standing, and global position. It also sheds light on the collaborations in the competitive landscape, such as mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, corporate and government deals, licensing agreements, and others.

Key companies profiled in the Wireless Brain Sensor report include:

EMOTIV Inc., Advanced Brain Monitoring, Inc., InteraXon Inc. (Muse), Neurosky, Inc., Neuroelectrics Corporation, Evolent Health, Inc., Neuronetrix Solutions, Hangzhou Zhongheng Electric Co., Ltd., Deayea Technology Co., Ltd., and NeuroTherapeutics Pharma, Inc.

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Emergen Research has segmented global wireless brain sensor on the basis of product, application, end-use, and region:

Product Outlook (Revenue, USD Billion; 2018–2028)

  • Electroencephalography (EEG) Devices
  • Sleep Monitoring Devices
  • Magnetoencephalography (MEG) Devices
  • Transcranial Doppler (TCD) Devices
  • Intracranial Pressure (ICP) Monitors Accessories

Application Outlook (Revenue, USD Billion; 2018–2028)

  • Dementia
  • Epilepsy
  • Parkinson’s Diseases
  • Traumatic Brain Injuries
  • Others

End-use Outlook (Revenue, USD Billion; 2018–2028)

  • Research Institutes
  • Neurological Hospitals
  • Diagnostic Centers
  • Others

Regional Analysis:

Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.

To know more about the Wireless Brain Sensor report, visit @ https://www.emergenresearch.com/industry-report/wireless-brain-sensor-market

ToC of the report:

Chapter 1: Market overview and scope

Chapter 2: Market outlook

Chapter 3: Impact analysis of COVID-19 pandemic

Chapter 4: Competitive Landscape

Chapter 5: Drivers, Constraints, Opportunities, Limitations

Chapter 6: Key manufacturers of the industry

Chapter 7: Regional analysis

Chapter 8: Market segmentation based on type applications

Chapter 9: Current and Future Trends

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Thank you for reading our report. Please get in touch with us for further queries about the report and our team will assist you according to your needs.

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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