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Wireless Brain Sensors Market By Product Type (Electroencephalography (EEG) Devices, Sleep Monitoring Devices, Accessories), By Application (Traumatic Brain Injuries, Dementia, Parkinson’s Disease, Epilepsy, Sleep Disorders, Migraine, Stroke) - Growth, Future Prospects, And Competitive Analysis, 2017 -2025

Wireless brain sensors are devices that help detect intracranial pressure, monitor the temperature, and record brain signaling in the form of brain waves. The devices are predominantly used for patients experiencing conditions such as traumatic brain injury, sleep disorders, Parkinson's disease, dementia, and other neurological conditions. These devices aid in the monitoring of neurological deviations and in the improvement of cognitive functionalities. These sensors can be easily accessible from a remote area via wireless connectivity and be integrated with smartphones, tablets, or computers, thus being monitored periodically from a homecare environment, making the device more cost-efficient. These sensors show remunerative growth in the forecast period, 2017–2025.

The wireless brain sensors market research report includes strategic insights, market evaluation, and forecast assessment. Furthermore, the report includes market size and analysis for the years 2015-2025.

In the current report, the wireless brain sensors market was studied by categorizing the market into various segments, which are as follows:

By Product Type

  • Accessories
  • Electroencephalography (EEG) Devices
  • Devices for Monitoring Sleep
  • Electrodes
  • Chips

By Application

  • Traumatic brain injuries
  • Dementia
  • Parkinson's Disease
  • Epilepsy
  • Sleep Disorders
  • Migraine
  • Stroke

The market analysis and forecast assessment for various geographies included in this report are as follows:

  • North America

    • U.S.
    • Canada
  • Europe

    • Germany
    • France
    • Italy
    • U.K.
    • Russia
    • Rest of Europe
  • Asia-Pacific

    • India
    • China
    • Japan
    • Rest of Asia-Pacific
  • Latin America

    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa

    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

This report includes market size estimation and evaluation in US dollars, as well as forecast analysis for the aforementioned market segments for the period 2015-2025. Additionally, respective compound annual growth rates (CAGRs) for 2017–2025 have also been included, considering 2016 as the base year.

Along with the quantitative aspects of the market, the report also comprises qualitative factors that enable one to gauge the market's dynamics in terms of opportunities, drivers, and restraints. The wireless brain sensor market is perceived as a much broader market with maximum opportunities for expansion for the existing and emerging market players. Owing to the smaller pool of competitors in the market leads to newer opportunities for emerging industries to enter the market with their advanced technologies. An elaborative explanation of the competitive landscape, market attraction, industrial partnerships, and ongoing developments in the wireless brain sensors market has been incorporated into this report. Profiles for the existing market players that dominate the current wireless brain sensor market have also been provided. The industries profiled in this report are EMOTIV, Inc., Muse, NeuroSky, Advanced Brain Monitoring, Inc., and Neuroelectrics.

Based on the type of product, the global market for wireless brain sensors is segmented as follows:

  • Electroencephalography (EEG) Devices
  • Devices for Monitoring Sleep
  • Accessories
  • Electrodes
  • Chips

The product type segment is bifurcated on the basis of wireless brain sensors available in the global market, viz., EEG devices, sleep monitoring devices, and accessories. Among the aforementioned devices, EEG devices grabbed the largest market share. Emotiv's EPOC+ is the most widely used device on the market today. This device is wireless in nature, easy to fit, and flexible in design. The device is utilized for research and other advanced brain-computer interface applications.

Wireless brain sensors are most widely used for treating paralytic patients by enhancing motor and sensory capabilities, helping improve quality of life, and for various diagnostic purposes to understand brain signaling patterns. The aforementioned applications are carried out mostly by the EEG device. Owing to the wide applicability of EEG devices and the higher number of EEG devices available in the market, there is an enhanced demand for them, thus encapsulating the largest share in the current market and forecast period, 2017–2025.

Based on the application, the global market for wireless brain sensors is segmented as follows:

  • Traumatic brain injuries
  • Dementia
  • Parkinson's Disease
  • Epilepsy
  • Sleep Disorders
  • Migraine
  • Stroke

This segment showcases a highly consolidated market, as wireless brain sensors are in high demand in every application. Traumatic brain injury grabs a larger share among all other sub-segments in the wireless brain sensor market owing to its use in treating paralytic patients by enhancing and improving their cognitive functions, restoring lost motor and sensory capabilities, and thus improving quality of life. As per the American Speech-Language-Hearing Association, at least 1.7 million TBIs occur every year in the USA. Dementia also has a larger market share due to the brain sensor's ability to monitor the brain network and treat memory loss. The wireless brain sensors also attract epilepsy and sleep disorder markets, where the brain signals are studied, and this device is widely used as a diagnostic tool. Being wireless, this device is monitored remotely, and thus timely-based monitoring can be carried out. These advantages in treating neurological disorders have created growth in demand for the wireless brain sensor market.

For the purpose of this study, the wireless brain sensors market is categorized into three segments:

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

The wireless brain sensors market is segmented into regional markets, viz., North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Among the aforementioned regions, North America holds the predominant market position for wireless brain sensors owing to better technological advancements, continuous R&D activities due to enhanced investments, and the widespread presence of wireless brain sensor industries. The wireless brain sensor market in Europe would also grow faster. There have been ongoing developments in the wireless brain sensor domain with greater investments by the European Union, thus creating better technological advancements and enhancing the availability of wireless brain sensors, which fuels the demand for them in this market. Furthermore, Asia Pacific is projected to show dramatic growth in the wireless brain sensor market. This growth can be attributed to positive changes and developments in health management systems, the provision of healthcare reimbursement by private firms, a rise in expenditures by government agencies to facilitate healthcare development, and the increased availability of the latest and most advanced technologies.

Frequently Asked Questions:

The market for Wireless Brain Sensors Market is expected to reach US$ XX Mn By 2025.

The Wireless Brain Sensors Market is expected to see significant CAGR growth over the coming years, at 9.3%.

The report is forecasted from 2017-2025.

The base year of this report is 2016.

EMOTIV, Inc., Muse, NeuroSky, Advanced Brain Monitoring, Inc.are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Nov 2017
Category:  Medical Devices
Report ID:   58832
Report Format:   PDF
Pages:   120
Rating:    4.8 (65)
Delivery Time: 24 Hours to 48 Hours   
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