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Brain health devices are a diverse range of technological tools and equipment designed to monitor, assess, enhance, and support cognitive well-being and neurological function.
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Brain Health Devices Market Size, Share and Growth Analysis to 2030 The global brain health devices market is poised for substantial expansion, with a projected compound annual growth rate (CAGR) of 4% during the period 2023-2030. According to market analysis by Fairfield Market Research, the market value is expected to surge to approximately US$18 billion by 2030, up from US$10 billion recorded in 2022. Read More Industry :- https://www.fairfieldmarketresearch.com/report/brain-health-devices- market Diverse Range of Brain Health Devices Brain health devices encompass a diverse range of technological tools and equipment designed to monitor, assess, enhance, and support cognitive well-being and neurological function. These devices cater to various aspects of brain health, including diagnosing neurological disorders, improving cognitive function, managing stress, and promoting overall mental well-being. The market for brain health devices has been rapidly expanding due to increased awareness of cognitive well-being, technological breakthroughs, and a growing demand for innovative solutions to neurological disorders. Key Market Insights The brain health devices market analysis covers various aspects, including device types, procedure types, applications, end-users, and regional analysis. Device types include cerebral oximeter, EEG, MRI, CT scan, PET Scan, EMG, intracranial pressure monitoring devices, MEG, and other types. Both
invasive and non-invasive procedure types are covered, and applications analyzed include sleep disorders, accidental injuries, Alzheimer’s disease, epilepsy, stroke, and others. Growth Drivers Several factors are driving the growth of the brain health devices market: 1.Improving Rate of Diagnosis: Advances in neurodiagnostics, increased patient emphasis on early disease diagnosis, and the expansion of diagnostic centers and hospitals are contributing to market growth. Growing patient awareness about neurological diseases and support from governments and healthcare providers are also fueling market momentum. 2.COVID-19 Impact: The pandemic heightened awareness of mental health, leading to increased demand for brain health devices to support and monitor cognitive well-being. Telehealth and remote patient monitoring accelerated, fostering innovation in remote brain health solutions. 3.Surging Cases of Traumatic Brain Injuries and Neurological Disorders: The growing incidence of traumatic brain injuries and neurological disorders, including Alzheimer's disease and stroke, is driving the demand for brain health devices. 4.Strong Government Backing: Government initiatives worldwide are supporting neurological research, technological innovation, and awareness campaigns, further boosting the market. Growth Challenges and Opportunities Challenges include high costs and complexities in brain monitoring procedures, as well as limited adoption of certain advanced tools due to expenses and the need for skilled personnel. However, opportunities lie in the North American market, with a well-established healthcare infrastructure, and in developing economies like Asia Pacific, where government initiatives and growing awareness are driving market expansion. Competitive Landscape Key players in the brain health devices market include Philips Group, GE HealthCare, Medtronic Plc, Siemens Healthineers, Integra Lifesciences, Bioserenity, Neuroelectrics, Cognionics Inc., Advanced Brain Monitoring, Inc., Edwards Lifesciences Corporation, Neurosoft, Masimo Corporation, and Natus Medical Inc. These companies are actively involved in marketing and research and development of brain health products to combat mental diseases. Global Brain Health Devices Systems Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Device Type Coverage, By Procedure Coverage, By Application Coverage, By End User Coverage, By Geographic Coverage and By Company) https://www.fairfieldmarketresearch.com/report/brain-health-devices-market Visit Our Blog :- Brain Health Devices Market https://www.linkedin.com/pulse/brain-health-devices-market-share-development-trends- forecast-vyas-dqkvf About Us Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum
of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness. Contact Fairfield Market Research London, UK UK +44 (0)20 30025888 USA (Toll-free) +1 (844) 3829746 Web: https://www.fairfieldmarketresearch.com/ Email: firstname.lastname@example.org LinkedIn | Twitter