San Francisco, 31 December 2018: The Report Non-invasive Brain Trauma Monitoring Devices Market Analysis By Product (Monitoring
Devices, Consumables), By End-use (Hospital, Neurological Centers), And Segment
Forecasts To 2024
The global non-invasive
brain trauma monitoring devices market is expected to reach USD 15.12
billion by 2024, according to a new report by Grand View Research, Inc. The
rising burden of Traumatic Brain Injuries (TBI) is a leading cause of
neurodegenerative disorders such as Alzheimer’s and Parkinson’s disease. As a
result, there are numerous initiatives taken at the regional and global levels
to create awareness, which facilitated a heavy diagnosis rate, thus governing
the growth of non-invasive brain trauma monitoring devices.
Technological
advancements in this field are connected with accuracy, portability, and
affordability, which are supporting the industry growth. For instance, recently
available non-invasive intracranial pressure monitors, such as Transcranial
Doppler (TCD), are accurate in positioning and creating a better pressure
gradient and also bringing in more accuracy in the treatment.
The
Minimally Invasive Surgeries (MIS) are less traumatic to patients and
facilitate faster recovery with minimum complications. In minimally invasive
neurological surgeries, non-invasive brain trauma monitoring devices play a
critical role. Thus, the increasing volume of MIS is driving the industry’s growth.
The
key target population in this industry includes people above 60 years. This
section of the population is at a greater risk for TBIs and their
co-morbidities. The global geriatric population is on arise and is a vital
driver for this industry.
Access
Research Report of Non-Invasive Brain Trauma Monitoring Devices Market @ www.grandviewresearch.com/industry-analysis/non-invasive-brain-trauma-monitoring-devices-market
Further key findings
from the study suggest:
· Monitoring
devices that include intracranial pressure monitors, MRI scanners, CT scanners,
PET scanners, EEG, and MEG held a substantial share of around 60.0% in 2015.
The high costs associated with this equipment and the increasing usage of these
devices governed the growth of this segment.
· The
consumables sub-segment in the product segment is anticipated to witness
lucrative growth over the forecast period. The repeat purchase of consumables
and regular maintenance activities are expected to spur the demand for these
products.
· The
market on the basis of end-use is segmented into hospitals, neurological
centers, and other settings. The hospital segment dominated the end-use segment
with over 75.0% of the revenue. The greater volume of surgeries performed in
hospitals contributed to its growth.
· On
the contrary, neurological centers are expected to grow at a sturdy rate over
the forecast period. The availability of specialized staff and advanced
methodologies are likely to boost the demand for this segment.
· North
America dominated the non-invasive brain trauma monitoring devices market in
2015. The advanced healthcare system, high awareness level, and well-planned
reimbursement policies helped this market to grow in this region. However, Asia
Pacific is anticipated to witness significant growth over the forecast
period.
· Some key
players operating in this industry include Natus Medical, Inc., Nihon Kohden
Corporation, Philips Healthcare, GE Healthcare, Advanced Brain Monitoring, CAS
Medical Systems, Inc., Siemens, Compumedics Ltd., Medtronic Plc., and Integra
LifeSciences. New product launches, co-developments, and acquisitions are the
key initiatives in this industry.
· For
instance, in January 2013, Natus Medical acquired Astro-Med’s products included
in monitoring and neurodiagnostic products. This acquisition helped the company
to widen the portfolio of EEG systems.
Browse more
reports of this category by Grand View Research at: www.grandviewresearch.com/industry/medical-devices
Grand
View Research has segmented the global non-invasive brain trauma monitoring
devices market on the basis of products, end-use, and region:
Global Non-invasive Brain Trauma Monitoring
Devices Market By Product (USD Million), 2013 - 2024
·
Monitoring
Devices
·
Consumables
Global Non-invasive Brain Trauma Monitoring
Devices Market By End-use (USD Million), 2013 - 2024
·
Hospital
·
Neurological
Centers
·
Others
Non-invasive Brain Trauma Monitoring
Devices Market By Region (USD Million), 2013 - 2024
·
North
America
·
Europe
·
Asia
Pacific
·
Latin
America
·
MEA
Access Press Release of Non-Invasive Brain Trauma Monitoring Devices Market@ www.grandviewresearch.com/press-release/global-non-invasive-brain-trauma-monitoring-devices-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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