The global brain monitoring devices market is currently witnessing an increase in technological advancement. New developments in the global brain monitoring devices market have enabled the industry to reach a value of $1.08 billion in 2012, with a predicted future value in 2017 of $1.63 billion. CAGR growth, therefore, is expected to reach an estimated 8.6% between 2012 and 2017.
There are a number of brain monitoring devices, including electroencephalograph, intracranial pressure monitors, Transcranial Doppler, and cerebral oximeters. These devices aid in the monitoring of a number of functions, including electrical and neural activity, and velocity of blood flow in veins and arteries in the brain.
Technological advancements in the global brain monitoring devices market are helping to grow the industry by increasing functionality, lowering costs and increasing the ease of operations. Electroencephalograph (EEG) devices, which are traditionally used as diagnostic tools, are now being expanded to an increased variety of applications, such as fatigue and stress monitoring. In future years, increased computing power will enable increasingly sophisticated applications for these devices. It is expected that one of the road-blocks that could potentially limit growth in the future is the lack of skilled technicians able to handle these complex devices.
The global market for brain monitoring devices is currently dominated by North America, and is expected to continue its domination for the foreseeable future, due to technological advancements and the growth of advanced digital devices such as wireless and mobile devices. Behind North America, Europe and Asia are battling for second place. Europe is currently witnessing steady growth, while Asia’s share of the global brain monitoring market is expected to grow at a faster pace in the coming years. Factors affecting growth in Asia include the increased awareness of neurological disorders, and the development of healthcare infrastructure.
For more information on the global brain monitoring devices market, see the latest research: Global Brain Monitoring Devices Market
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