Electromyography (EMG) devices, deep brain stimulation systems (brain pacemakers), magneto encephalograms, cerebral oximeters, and other implantable brain devices are examples of brain monitoring equipment. These tools are used to track and manage neural activity that could be a factor in neurological disorders like Parkinson's, Alzheimer's, epilepsy, dementia, multiple sclerosis, sleep disorders, and brain tumors. Although pharmacological therapy can be utilized to address certain neurological problems, later stages of the disease may necessitate surgery. The market for mental health devices is projected to be driven by the rising desire for less intrusive treatments in emerging countries. Parkinson's patients are also learning that using brain health devices to treat their ailment is a beneficial, albeit slightly intrusive, option. Manufacturers now have the chance to dramatically increase their market share in developing countries.
The projection period (2019-2026) demands for a CAGR of 7.7% in the global market for Brain Health Devices.
Top Companies in the Brain Health Devices Industry:
BrainScope Company, Inc.
BrainScope Company, Inc. is a medical neuro-technology firm utilizing EEG technology to assess the full spectrum of mild traumatic brain injury (mTBI), including functional injuries (such as a concussion), and structural injuries (such as a brain bleed). It was founded in 2006 and is headquartered in Bethesda, Maryland. It operates in over 15 different countries. In May 2022, the MedTech Breakthrough Awards Program named BrainScope as "Best New Diagnostic Technology Solution"
Cadwell Industries, Inc.
Cadwell Industries, Inc. is a family owned, privately held American manufacturer neurodiagnostic and neuromonitoring equipment used around the world, was founded in 1979 and is headquartered in Washington, United States. It operates across 70 countries.
Compumedics Ltd.
Compumedics Ltd. is a global leader in the development, manufacture and commercialization of diagnostic technologies for the sleep, brain and ultrasonic blood-flow monitoring applications. It was founded in 1987 and is headquartered in Melbourne, Australia, It has its corporate headquarters in Melbourne, Australia, and the company coordinates its sales and marketing efforts around the world. In Jan 2022, COMPUMEDICS secures Major MEG brain imaging contract, the first MEG contract in Asia, IN CHINA, to the world-famous Tianjin Normal University (TJNU) in Tianjin, China.