Brain Health Devices Market, By Device Type (Magnetic Resonance Imaging, Magneto Encephalogram, Computed Tomography, Transcranial Doppler Device, and Others), by application (Stroke, Dementia, Epilepsy, Dyslexia, and Others), by end user (Hospitals, Specialty Clinics, and Others), and by region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Trends, and Forecast 2019 - 2026

  • Published On : Jul 2019 |
  • Pages : 173 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Global Brain Health Devices Market Insights

Brain health devices, also known as brain monitoring devices, include magneto encephalograms, cerebral oximeters, electromyography (EMG) devices, deep brain stimulation systems (brain pacemaker), and other implantable brain devices. These devices are used to control and monitors the activity related to brain cell (neurons) functions that may cause neurological disorders such as Alzheimer’s, Parkinson’s, epilepsy, dementia, multiple sclerosis, sleep disorder, and brain tumor. These neurological conditions can be treated with drug therapies, however some surgical procedures are recommended in later stages of the condition.

Increasing demand for minimally-invasive treatment options in emerging economies is expected to drive the brain health devices market. Moreover, brain health devices are becoming an effective minimally-invasive therapy for Parkinson’s patients, which is providing manufacturers opportunities to gain significant market traction in emerging economies.

The global brain health devices market was valued at US$ 9,070.5 million in 2018, and is expected to witness a CAGR of 7.7% during the forecast period (2019–2026).

Figure 1. Global Brain Health Devices Market value Analysis (US$ Mn), By Device Type

Brain Health Devices  | Coherent Market Insights

Source: Coherent Market Insights Analysis (2019)

Increasing number of regulatory approvals for brain health devices is expected to drive growth of the global brain health devices market

Most of hospitals and healthcare organizations implementing insertion of brain implants in patients who are at a risk of developing neurological disorders, in order to provide artificial control on the brain functioning. Moreover, regulatory approvals for innovative and advanced brain health devices is expected to propel the brain health devices market growth in the near future. For instance, in April 2019, GE Healthcare received the U.S. Food and Drug Administration (FDA) 510(k) clearance for its Deep Learning Image Reconstruction engine on the new Revolution Apex computed tomography (CT) device. Deep Learning Image Reconstruction (DLIR), a next-generation image reconstruction option, uses a dedicated deep neural network (DNN) to generate TrueFidelity CT Images.

Rising incidence of Parkinson’s disease is expected to fuel the global brain health devices market growth

Rising incidence of Parkinson’s diseases (PD) is expected to boost growth of the brain health devices market over the forecast period. According to the Parkinson’s Disease Foundation 2017, annual incidence rate of PD in the U.S is as high as 60,000. Furthermore, according to Parkinson’s Australia Inc., around 11,544 new cases of PD were diagnosed in Australia in 2014.

Global Brain Health Devices Market- Regional Analysis

Regional segmentation of the global brain health devices market includes North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

North America is expected to hold a dominant position in the market, owing to increasing number of product approvals from the U.S. Food and Drug Administration to market products in North American countries. For instance, in July 2018, IRRAS AB received the 510(k) clearance from the U.S. Food and Drug Administration (FDA) for IRRAflow, which is an integrated, closed medical device system that enables controlled cerebrospinal fluid (CSF) management, as well as accurate, continuous monitoring of intracranial pressure (ICP).

Asia Pacific brain health devices market is expected to witness significant growth during the forecast period owing to high demand for technologically advanced products for brain dysfunctioning management, coupled with rising prevalence of neurological disorders in the region. For instance, according to the Dementia India 2017 report, India recorded the second largest incidence of dementia. As per report, there were an estimated 4.1 million people suffering from dementia in 2017.

Europe is expected to exhibit significant growth rate owing to approvals by regulatory authorities for brain health devices. For instance, in January 2017, Neural Analytics Inc. received the CE marking for its Lucid M1 Transcranial Doppler Ultrasound System, which is a portable all-in-one ultrasound system designed for rapid triaging and monitoring of patients with brain disorders.

Figure 2: Global Brain Health Devices Market Value (US$ Mn), By Region

Brain Health Devices  | Coherent Market Insights

Source: Coherent Market Insights Analysis (2019)

Global Brain Health Devices Market - Competitive Landscape

Key players operating in the global brain health devices market include BrainScope Company, Inc., Bio-Signal Group Corp., Cadwell Industries, Inc. Advanced Brain Monitoring, Inc., Compumedics Ltd., Elekta, DePuy Synthes, Electrical Geodesics, Inc., Medtronic, GE Healthcare, MEG International Services Ltd, Natus Medical, Inc., Neurowave Systems Inc., Nihon Kohden Corporation, and Philips Healthcare.

Brain health devices are used in the treatment of neurological disorders such as Alzheimer’s disease, dementias, epilepsy, cerebrovascular diseases (stroke), Parkinson’s disease, multiple sclerosis, neuroinfections, brain tumor, and traumatic disorders of the nervous system, headache disorders such as migraines, and others. Neurological disorders may also occur due to various infections such as viral infection (Zika virus), bacterial infection (Neisseria meningitides), and fungal infections (Cryptococcus). According to the World Health Organization (WHO), in 2016, around 450 million people were affected by neurological disorders across the world. Moreover according to same source, around 50 million people suffered from epilepsy across the globe, and over 6 million people die due to stroke each year. Brain health devices such as computed tomography devices, Magnetic Resonance Imaging (MRI) devices, electro encephalogram, magneto encephalogram, and transcranial doppler (TCD) devices are commonly used to monitor brain activity.

Market Dynamics

Increasing focus on product development and introduction of devices for monitoring brain function are expected to contribute to growth of the global brain health devices market. For instance, in February 2019, Medtronic plc. launched its Deep Brain Stimulation (DBS) device which is a surgically implanted medical device for patients with refractory epilepsy. The DBS therapy delivers controlled electrical pulses to the anterior nucleus of the thalamus (ANT), which is a part of a vascular network involved in seizures. The product was approved by the U.S. FDA in May 2018.

Moreover, the major factors contributing to the growth of the brain health devices market are the rising number of Alzheimer’s cases. For instance, according to the Alzheimer’s Association, an estimated number of 5 million people were found to be diagnosed with the Alzheimer’s disease. Moreover, according to same source, Alzheimer’s is the sixth-leading cause of deaths in the U.S.

Key features of the study:

  • This report provides in-depth analysis of the global brain health devices market, market size (US$ Mn), and compound annual growth rate (CAGR %) over the forecast period (2018–2026), considering 2018, as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new technology launches or approvals, market trends, regional outlook, and competitive strategies adopted by leading players
  • It profiles leading players in the global brain health devices market based on the following parameters – company overview, financial performance, technology portfolio, geographical presence, distribution strategies, key developments, and strategies
  • Key players covered as a part of this study include BrainScope Company, Inc., Bio-Signal Group Corp., Cadwell Industries, Inc. Advanced Brain Monitoring, Inc., Compumedics Ltd., Elekta, DePuy Synthes, Electrical Geodesics, Inc., Medtronic Plc, GE Healthcare, MEG International Services Ltd, Natus Medical, Inc., Neurowave Systems Inc., Nihon Kohden Corporation, and Philips Healthcare.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future technology launches, governmental initiatives, technological up-gradation, market expansions, and marketing tactics
  • The global brain health devices market report caters to various stakeholders in this market, including investors, technology manufacturers, distributors, and suppliers for global brain health devices market, research and consulting firms, new entrants, and financial analysts

Detailed Segmentation:

  • Global Brain Health Devices Market, By Device Type:
    • Magnetic Resonance Imaging
    • Magneto Encephalogram
    • Computed Tomography
    • Electro Encephalogram
    • Intracranial Pressure Monitors
    • Transcranial Doppler Devices
  • Global Brain Health Devices Market, By Application:
    • Stroke
    • Epilepsy
    • Headache Disorders
    • Dementia
    • Parkinson’s disease
    • Traumatic Brain Injuries
    • Dyslexia
    • Others
  • Global Brain Health Devices Market, By End  User:
    • Hospitals
    • Specialty Clinics
    • Others
  • Global Brain Health Devices Market, By Region:
    • North America
      • By Country:
        • U.S.
        • Canada
      • By Device Type:
        • Magnetic Resonance Imaging
        • Magneto Encephalogram
        • Computed Tomography
        • Electro Encephalogram
        • Intracranial Pressure Monitors
        • Transcranial Doppler Devices
      • By Application:
        • Stroke
        • Epilepsy
        • Headache Disorders
        • Dementia
        • Parkinson’s disease
        • Traumatic Brain Injuries
        • Dyslexia
        • Others
      • By End User:
        • Hospitals
        • Specialty Clinics
        • Others
    • Europe
      • By Country:
        • U.K.
        • Germany
        • Italy
        • Spain
        • France
        • Russia
        • Rest of Europe
      • By Device Type:
        • Magnetic Resonance Imaging
        • Magneto Encephalogram
        • Computed Tomography
        • Electro Encephalogram
        • Intracranial Pressure Monitors
        • Transcranial Doppler Devices
      • By Application:
        • Stroke
        • Epilepsy
        • Headache Disorders
        • Dementia
        • Parkinson’s disease
        • Traumatic Brain Injuries
        • Dyslexia
        • Others
      • By End User:
        • Hospitals
        • Specialty Clinics
        • Others
    • Asia Pacific
      • By Country:
        • Australia
        • India
        • China
        • Japan
        • ASEAN
        • South Korea
        • Rest of Asia Pacific
      • By Device Type:
        • Magnetic Resonance Imaging
        • Magneto Encephalogram
        • Computed Tomography
        • Electro Encephalogram
        • Intracranial Pressure Monitors
        • Transcranial Doppler Devices
      • By Application:
        • Stroke
        • Epilepsy
        • Headache Disorders
        • Dementia
        • Parkinson’s disease
        • Traumatic Brain Injuries
        • Dyslexia
        • Others
      • By End User:
        • Hospitals
        • Specialty Clinics
        • Others
    • Latin America
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
      • By Device Type:
        • Magnetic Resonance Imaging
        • Magneto Encephalogram
        • Computed Tomography
        • Electro Encephalogram
        • Intracranial Pressure Monitors
        • Transcranial Doppler Devices
      • By Application:
        • Stroke
        • Epilepsy
        • Headache Disorders
        • Dementia
        • Parkinson’s disease
        • Traumatic Brain Injuries
        • Dyslexia
        • Others
      • By End User:
        • Hospitals
        • Specialty Clinics
        • Others
    • Middle East
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
      • By Device Type:
        • Magnetic Resonance Imaging
        • Magneto Encephalogram
        • Computed Tomography
        • Electro Encephalogram
        • Intracranial Pressure Monitors
        • Transcranial Doppler Devices
      • By Application:
        • Stroke
        • Epilepsy
        • Headache Disorders
        • Dementia
        • Parkinson’s disease
        • Traumatic Brain Injuries
        • Dyslexia
        • Others
      • By End User:
        • Hospitals
        • Specialty Clinics
        • Others
    • Africa
      • By Country/Region:
        • South Africa
        • Central Africa
        • North Africa
      • By Device Type:
        • Magnetic Resonance Imaging
        • Magneto Encephalogram
        • Computed Tomography
        • Electro Encephalogram
        • Intracranial Pressure Monitors
        • Transcranial Doppler Devices
      • By Application:
        • Stroke
        • Epilepsy
        • Headache Disorders
        • Dementia
        • Parkinson’s disease
        • Traumatic Brain Injuries
        • Dyslexia
        • Others
      • By End User:
        • Hospitals
        • Specialty Clinics
        • Others
  • Company Profiles
    • BrainScope Company, Inc.
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Recent Highlights
      • Strategies
    • Bio-Signal Group Corp.
    • Cadwell Industries, Inc.
    • Advanced Brain Monitoring, Inc.
    • Compumedics Ltd.
    • Elekta
    • DePuy Synthes
    • Electrical Geodesics, Inc
    • Medtronic Plc.
    • GE Healthcare.
    • MEG International Services Ltd
    • Natus Medical Inc.
    • Neurowave Systems Inc
    • Nihon Kohden Corporation
    • Philips Healthcare

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Overview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Device Type
      • Market Snippet, By Application
      • Market Snippet, By End User
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Market Trends
    • Key Developments
    • Technology Advancements
    • Historical Overview
    • Mergers and Acquisitions
    • Regulatory Scenario
    • PORTER’S Five Forces
    • PEST Analysis
  4. Global Brain Health Devices Market, By Device Types, 2016 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017 – 2026
      • Segment Trends
    • Magnetic Resonance Imaging
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Magneto Encephalogram
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Computed Tomography
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Transcranial Doppler Device
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
  5. Global Brain Health Devices Market, By Application, 2016 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017 – 2026
      • Segment Trends
    • Stroke
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Dementia
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Epilepsy
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Dyslexia
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
  6. Global Brain Health Devices Market, By End User, 2016 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017 – 2026
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Specialty Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
  7. Global Brain Health Devices Market, By Regions, 2016 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, By Region, 2017 – 2026
      • Regional Trends
    • North America
      • Market Size and Forecast, By Device Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast, By Device Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Device Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • China
        • Japan
        • India
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast, By Device Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Africa
      • Market Size and Forecast, By Device Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • North Africa
        • Central Africa
        • South Africa
    • Middle East
      • Market Size and Forecast, By Device Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Application, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By End User, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • GCC Countries
        • Israel
        • Rest of Middle East
  8. Competitive Landscape
    • Heat Map Analysis
    • Company Profiles
      • BrainScope Company, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Bio-Signal Group Corp.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Cadwell Industries, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Advanced Brain Monitoring, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Compumedics Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Elekta
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • DePuy Synthes
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Electrical Geodesics, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Medtronic Plc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • GE Healthcare.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • MEG International Services Ltd
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Natus Medical Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Neurowave Systems Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Nihon Kohden Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
      • Philips Healthcare
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Highlights
        • Strategies
    • Analyst Views
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

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