The Brainy Insights Launched a Study titled Non-Invasive Brain Trauma Monitoring Devices Market by Technique (Intracranial Pressure Monitoring, Cerebral Edema Dynamic Monitoring), Type (Monitoring Devices, Accessories), End-User, Regions, and Global Forecast 2021-2028.
The global non-invasive brain trauma monitoring devices market is projected to grow from USD 10.35 billion in 2019 to USD 18.17 billion by 2028, at a CAGR of 7.27% during the forecast period 2021-2028. Global non-invasive brain trauma monitoring devices market is witnessing a rapid growth owing to increasing incidences of traumatic brain injuries (TBIs) across the globe.
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The non-invasive intracranial pressure monitoring segment led the non-invasive brain trauma monitoring devices market with a market share of around 58.65% in 2020
The technique segment is divided into intracranial pressure monitoring and cerebral edema dynamic monitoring. The non-invasive intracranial pressure monitoring segment led the non-invasive brain trauma monitoring devices market with a market share of around 58.65% in 2020. The skull is close cavity, which contains water and other largely incompressible material. Thus, even minor swelling can results into significant increase in intracranial pressure (ICP), results in further brain swelling and brain damage. Thus, for monitoring the activities, demand for non-invasive intracranial pressure monitoring has been increased.
The monitoring devices segment is anticipated to grow at the highest CAGR of 7.9% over the forecast period
The type segment includes monitoring devices and accessories. The monitoring devices segment is expected to grow at the highest CAGR of 7.9% over the forecast period. The wide use of these monitoring devices, driving the growth of the market. In addition to this, these devices are quite expensive as compared to the accessories, boosting the revenue of this segment.
The hospital segment accounted for a major market share of 71.25% in 2020
The end-user segment is divided into hospital, neurological centres, and others. The hospital segment accounted for a major market share of 71.25% in 2020. The growth is mainly due to the high number of brain-related surgeries performed in hospitals across the globe. In addition to this, due to highly advanced facilities in hospitals, people mainly preferred hospitals as compared to other facilities.
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Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. The North America region emerged as the largest market for the non-invasive brain trauma monitoring devices market with a 43.6% share of the market revenue in 2020. This is because North America is growing tremendously in terms of the healthcare industry. Due to the presence of several technological and pharmaceutical players in countries like Canada and the U.S. The Asia Pacific region is anticipated to grow at the highest CAGR over the forecast period. This is attributed to rising healthcare expenditure and increasing awareness about brain-related diseases in the region.
Competitive Analysis:
Major players in the global non-invasive brain trauma monitoring devices market are Natus Medical, Inc., Nihon Kohden Corporation, Philips Healthcare, GE Healthcare, Advanced Brain Monitoring, CAS Medical Systems, Inc. (Edwards Lifesciences Corporation), Siemens, Compumedics Ltd., Medtronic Plc., Integra LifeSciences, and Covidien, PLC. among others.
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