The Global Brain Monitoring Equipment Market size is expected to reach USD 9,942.6 Million in 2028 and register a revenue CAGR of 5.9% over the forecast period, according to the latest report by Reports and Data. Amalgamation of advanced Brain Monitoring Equipment devices has decreased inaccuracies, thereby conspicuously helping in analyzing and decision making for proper treatment of disorder and thus improving efficiency in taking care of patients and in turn driving market revenue growth. The diagnosis process of brain requires various monitoring devices for providing images and real-time data of brain functioning.

Furthermore, there is a rise in demand for Brain Monitoring Equipment devices by hospitals and neurological centers due to increasing number of patients suffering from brain disorders. Inclination of an increasing number of people toward minimal invasive procedures has minimized the risk of mortality. Growing number of traumatic brain injury cases has increased the demand for Brain Monitoring Equipment devices which helps to boost market growth.

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The pharma and healthcare industry is expected to observe significant growth over the coming years attributed to the increasing incidence of chronic diseases across the globe, growing geriatric patient pool, availability of advanced and minimally invasive surgical and diagnostics procedures, favorable reimbursement scenario, and presence of a robust product pipeline of drugs and therapeutics. In addition, the growing integration of IoT, ML, and AI in medical procedures and equipment along with rapid progress in drug design and development. A combination of innovation and technology has brought about massive changes in the healthcare industry and the rapid adoption of telemedicine, remote consultation, and e-prescription has significantly contributed to the revenue growth of the market.

  Research Methodology:

Reports and Data utilizes a unique approach to research to offer a comprehensive overview of the global Brain Monitoring Equipment Market to offer insights into investment opportunities for stakeholders, investors, clients, and businesses to make informed decisions. The report includes SWOT analysis, Porter’s Five Forces analysis, feasibility analysis, and investment return analysis to offer a better understanding of the market scenario.

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Asia Pacific is expected to lead the market growth over the coming years owing to rapid advancements in the healthcare sector in APAC countries such as India, China, and Japan. North America is anticipated to register the highest market growth over the forecast period attributed to the increasing availability of robust healthcare and clinical settings, legalization of medical marijuana, favorable reimbursement scenario, presence of key market players, and rapid technological advancements in the region.

The growing popularity of over-the-counter medications driving market growth

Growing incidence of acute and chronic diseases and lesser access to advanced medical facilities owing to low disposable income levels are driving the demand for over-the-counter medications. Availability of generic and low-cost alternatives to medical therapies are some other factors playing a major role in driving demand for over-the-counter medications.

Restriction on product launches and R&D activities to hamper the market growth

The imposition of strict government regulations and shortage of funds has put a halt on product launches and R&D activities and is expected to restrain market growth over the forecast period. In addition, the launch of expensive drugs and therapies and increasing regulations regarding safety and approvals are also hampering the market growth.

  Competitive Landscape:

The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, mergers and acquisitions, collaborations, and joint ventures to gain a robust footing in the market.

Top Companies Profiled in the Report:

Brain Monitoring Equipment Inc., CAS Medical Systems Inc., Compumedics Ltd., Electrical Geodesics Inc., General Electric Company (GE Healthcare), Koninklijke Philips N.V. (Philips Healthcare), Medtronic PLC., Natus Medical Incorporated, Neural Analytics Inc, Nihon Kohden Corporation, and Siemens Healthineers AG.

  Brain Monitoring Equipment Market Segmentation:

Product Type Outlook (Revenue, USD Million; 2018-2028)

• Electroencephalography (EEG) Devices
• Magnetoencephalography (MEG) Devices
• Transcranial Doppler (TCD) Devices
• Intracranial Pressure (ICP) Monitors
• Cerebral Oximeters
• Magnetic Resonance Imaging (MRI) Devices
• Computerized Tomography (CT) Devices
• Positron Emission Tomography (PET) Devices
• Electromyography Devices
• Sleep Monitoring Devices

End Use Outlook (Revenue, USD Million; 2018-2028)

• Hospitals
• Neurology Centers
• Ambulatory Surgical Centers
• Diagnostic Centers
• Others

Application Outlook (Revenue, USD Million; 2018-2028)

• Parkinson’s Disease
• Traumatic Brain Injury
• Epilepsy
• Dementia
• Huntington’s Disease
• Sleep Disorders
• Stroke
• Headache Disorders

Regional Outlook:

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• Latin America (Brazil, Rest of LATAM)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of the Middle East & Africa)

  Frequently asked questions addressed in the report:

• What is the revenue growth rate of the global Brain Monitoring Equipment market over the forecast period?
• What are the major factors driving the growth of the Global Brain Monitoring Equipment Market?
• What are the key challenges impacting the global Brain Monitoring Equipment market growth?
• What are the outcomes of the SWOT Analysis and Porter’s Five Forces Analysis conducted in the report?

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