Wireless Brain Sensors Market Growth & Trends
The global wireless brain sensors market size is expected to reach USD 743.3 million by 2027, expanding at a CAGR of 9.5%, according to a new report by Grand View Research, Inc. The increasing geriatric population, technological advancements, and rising prevalence of Traumatic Brain Injuries are the key factors driving the market.
Various initiatives undertaken by public and private organizations to raise awareness regarding TBIs are anticipated to boost the market growth. For instance, Brain Injury Awareness Month organized in the month of March, led by the Brain Injury Association of America, provides an opportunity to raise awareness regarding the lifetime effects of TBI. It is a national public awareness campaign that emphasizes the importance of acknowledging the impact of TBIs. The theme for the 2018 to 2020 campaign was “Change Your Mind.” This campaign educates the public about the prevalence of the injury and the needs of people with TBIs and their families. The goals of this campaign are primarily focused on:
- Promoting the available support systems to people suffering from TBIs
- Empowering brain injury victims and their caregivers
According to the CDC, prominent causes of TBIs include assault, sports injuries, falls among older adults, and road accidents. The CDC is continuously taking efforts to minimize accidental injuries by improving sports concussion culture, preventing falls in older adults, and increasing vehicle safety. For instance, the CDC has introduced a new educational gaming app that educates children aged 6 to 8 years about basic concussion safety. This app shows kids how the brain can get injured in different ways during sports activities, and how important it is to tell a parent, coach, or other adults when the injury occurs. Since wireless brain sensors are highly recommended for the treatment of TBIs, thus, such awareness and initiatives are anticipated to promote market growth.
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Wireless Brain Sensors Market Report Highlights
- In terms of revenue, the Electroencephalography devices segment held the largest market share in 2019. The presence of several players offering this product is the major factor driving the segment over the forecast period
- The multispecialty hospitals segment is anticipated to witness the fastest growth rate over the forecast period owing to the increasing number of hospitals across the globe
- In Asia Pacific, the market is anticipated to witness the fastest growth over the forecast period owing to the rising geriatric population and the presence of many local players in this region.
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Wireless Brain Sensors Market Segmentation
Grand View Research has segmented the global wireless brain sensors market on the basis of product, application, end-use, and region:
Wireless Brain Sensors Product Outlook (Revenue, USD Million, 2015 – 2027)
- Electroencephalography (EEG) Devices
- Sleep Monitoring Devices
- Intracranial Pressure (ICP) Monitors
- Transcranial Doppler (TCD) Devices
- Others
Key Topic Covered
Table of Contents
Chapter 1 Report Scope
1.1 Market Segmentation and Scope
1.2 Regional Scope
1.3 Estimates and Forecast Timeline
Chapter 2 Research Methodology
2.1 Research Methodology
2.1.1 Information procurement
2.2 Information or Data Analysis
2.3 Market Formulation & Validation
2.4 Region Wise Market Calculation
2.4.1 Region Wise Market: Base Estimates
2.4.2 Global Market: CAGR Calculation
2.5 Region-Based Segment Share Calculation
2.6 Model Details
2.6.1 Commodity Flow Analysis (Model 1)
2.6.2 Volume price analysis (Model 2)
2.7 List of Secondary Sources
Chapter 3 Objectives
3.1 Objective – 1
3.2 Objective – 2
3.3 Objective – 3
3.4 Objective – 4
Chapter 4 Executive Summary
4.1 Market Outlook
4.2 Segment Outlook
4.3 Competitive Insights
4.4 Market Snapshot
Chapter 5 Industry Outlook
5.1 Penetration & Growth Prospect Mapping
5.2 Regulatory Framework
5.3 Market Dynamics
Continue…
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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