Brain Monitoring Devices Market: Latest Trends and Forecast Analysis up to 2018-2022

By | 13th March 2018

MRC Announces the Publication of its Research Report – Global Brain Monitoring Devices Market 2018-2022

MRC recognizes the following companies as the key players in the global brain monitoring devices market: Compumedics, GE Healthcare, Medtronic, Natus Medical, and NIHON KOHDEN.

Commenting on the report, an analyst from MRC’s team said: “One trend in the market is growing applications of health informatics and monitoring solutions. Health informatics deals with the acquisition, transmission, processing, storage, retrieval, and use of health information. Brain monitoring devices are increasingly being integrated with health informatics solutions. Moreover, health informatics and monitoring solutions give clinicians the ability to remotely view vital information from multiple devices including EEG devices, cerebral or somatic oximeters, and pulse oximeters.”

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According to the report, one driver in the market is growing initiatives and support from governments and healthcare organizations. Various initiatives have been launched to improve healthcare access for patients with neurological disorders. For instance, the World Health Organization (WHO) is working with its partners and stakeholders to improve healthcare access for individuals with epilepsy. Likewise, the Mental Health Innovation Network aims to improve access to treatment for epileptic patients and raise awareness to reduce the social stigma attached to the condition in Asia.

Further, the report states that one challenge in the market is high cost of brain monitoring devices and procedures. The high cost of brain monitoring devices is limiting their adoption among end-users. For instance, the average selling price of an MEG device is approximately $4 million. Depending upon the number of channels, EEG devices with 1-32 channels cost around $1,000-$25,000, whereas EEG devices with more than 64 channels can cost above $25,000.

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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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