Wireless brain sensors recognize intracranial pressure, monitor the brain temperature, and record brain signaling through brain waves. Basically, wireless brain sensors are mostly used for patients to detect sleep disorders, traumatic brain injury, Parkinson’s disease, dementia, and other brain-related conditions. However, these sensors help in monitoring the neurological fluctuations and assist in improving cognitive functionalities. These sensors operate wirelessly and easily accessible through wireless connectivity with smartphones, tablets, or comp uters and make the device more cost-efficient.
Market Drivers, Restraints, and Opportunities
Some of the significant brain sensors’ significant frequency of neurological disorders due to change in lifestyle, developing stress level, and drastic variations in social environments have cumulatively amplified the wireless brain-sensing market demand. The increasing number of patients suffering from the brain-related disorder also fuels the wireless brain-sensing market. However, compatibility issues, stringent safety, and validation regulations, and difficulty in understanding the product functionality are some of the key reasons that are hindering the global wireless brain sensors market growth during the forecast period.
The “Global Wireless brain-sensors Market Analysis to 2027″ is specialized and in-depth research specializing in global market trend analysis. However, the report aims to present an overview of the wireless brain sensors market with detailed market segmentation by product, application, end-user, and geography. The global wireless brain sensors market is anticipated to witness high growth during the forecast period. The report provides key statistics on the leading wireless brain sensors market players’ market status and provides key trends and opportunities in the market.
The segment’s dominant share is due to the increasing incidence rates of TBI or traumatic brain injuries globally. For instance, according to the American Association of Neurological Surgeons, about 1.7 million TBI cases occur in the US every year. However, approximately 5.3 million people live with a disability caused by TBI in the US alone. Annual indirect and direct TBI costs are measured at USD 48-56 billion. Apart from that, every year, 80,000-90,000 people experience the onset of long-term or lifelong disabilities associated with TBI. The growing prevalence of the TBI is expanding wireless brian sensors’ usage and ultimately increasing market growth.
Global Wireless Brain Sensors Market Segment Insights
The Wireless Brain-Sensors Market has been segmented into Application, End-use, and Product. Based on Product Global Wireless Brain Sensors Market has been segmented into Electroencephalography (EEG) Devices, Sleep Monitoring Devices, Intracranial Pressure (ICP) Monitors, Transcranial Doppler (TCD) Devices, Others. Based on application, it is segmented into Dementia, Epilepsy, Parkinson’s disease, TBIs, Others. Based on end-use, it is segmented into Multispecialty Hospitals, Research Institutes, Others.
Global Wireless Brain Sensors Market Region Insights
The Global Wireless Brain-Sensors Market has been geographically segmented into North America, Asia Pacific, Latin America, Middle East, and Africa region. In addition to this, North America, Global Wireless Brain Sensors Market is holding the largest market share at present. It is estimated to witness a high compound annual growth rate during the forecasted period. This is mainly because of the prevalence of the large patient pool and raised investments for developing the product. Besides this, the Asia Pacific is also going to witness remarkable growth during the forecasted period.
COVID-19 Impact On Global Wireless Brain Sensors Market
The pandemic of COVID-19 is an incomparable global public health emergency that has affected almost every industry, so and the long-term effects are projected to impact the industry growth during the forecast period. Our ongoing research elaborates our research framework to ensure underlying pandemic issues and potential paths forward. The report delivers insights on the COVID-19 outbreak considering the changes in consumer behavior and demand, re-routing the supply chain, dynamics of current market forces, purchasing patterns, and governments’ significant interventions. The updated study provides insights, estimations, analysis, and forecast, considering the market’s COVID-19 impact. It changes the growth rate graph slightly in the Wireless Brain Sensors market. But, it has been expected that after the pandemic situation, the global Wireless Brain Sensors market will reach a high position in the graph in the following forecast period of 2021 to 2031.
Market Share Insights
The major key companies operating in the market for wireless brain sensors stress research and development to develop technically advanced products to gain a competitive edge. For instance, in June 2020, EMOTIV launched EPOC X designed for scalable and contextual human brain research, providing access to professional-grade brain data with an improved and easy-to-use design. Below mentioned is the list of several companies engaged in the global Wireless Brain Sensors market.
Some of the major key players in the Global Wireless Brain Sensors Market include Neurosky, Muse, EMOTIV Inc, Melon, NeuroTherapeutics, Advanced Brain Monitoring, Inc., Dealer, Hangzhou Zhongheng Electric, Neuroelectrics, Evolent Health, Inc., Neutronetrix Solutions, Koninklijke Philips N.V., Natus Medical Incorporated, Cadwell Industries, Inc., BrainScope.
The global Wireless Brain Sensors market research presents detailed information regarding several insights into the industry. Some of them are growth drivers, restraints, regional analysis, competitive landscape, and challenges. The information gathered in the article has been taken from some primary and secondary sources.