According to the latest research by InsightAce Analytic, the global Wireless Brain Sensors market is valued at US$ 162.06 Million in 2021, and it is expected to grow with a CAGR of 10.8% during a forecast period of 2022-2030. Wireless Brain Sensors are used for patients suffering from different brain disorders such as Parkinson's disease, Alzheimer’s disease, sleep disorders, dementia, traumatic brain injuries, and other brain conditions. Wireless Brain Sensors are devices that help to monitor and maintain the intracranial pressure and temperature within the patients having brain injury or disorder. These sensors are easy to handle and operate remotely without wires. The rising demand for wireless brain sensors from various healthcare centers is anticipated to propel the growth of the wireless brain sensors market during the forecast period.
There are multiple factors that drive the wireless brain sensors market, such as rising adoption of advanced technologies, increasing prevalence of neurological disorders, changing lifestyle, growing mental stress, cost-effective procedures and easy access to real-time data, various government initiatives for the R&D of novel wireless devices and increase in the awareness programs regarding advance neurological disorders treatments. Whereas, factors like the high cost of treatments, shortage of skilled professionals, complex procedures, and stringent regulations may downscale the growth of the wireless brain sensors market over the forecast period.
The wireless brain sensors market is segmented into Products, Applications, End-users, and regions. The Products segment comprises Electroencephalography (EEG) Devices, Sleep Monitoring Devices, Intracranial Pressure (ICP) Monitors, Transcranial Doppler (TCD) Devices, and Others. The electroencephalography (EEG) Devices segment is anticipated to dominate this market in the future. In terms of Applications, the market is sub-segmented into Dementia, Epilepsy, Parkinson's disease, Traumatic Brain Injuries, and Others. By End-users, the market is sub-divided into Multispecialty Hospitals, Research Institutes, and Others. Multispecialty Hospitals end-user segment holds the largest revenue share of this market, owing to the increasing number of accident cases, stroke patients, and traumatic brain injuries. Moreover, the Research institutes segment will also lead this market due to rising trials on brain-sensing devices. At the regional level, the wireless brain sensors market can be segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America is expected to be the major market shareholder of this market over the forecast period, followed by Asia-Pacific, Europe, and Rest-of-the-World.
Major key players of wireless brain sensors market are EMOTIV, Advanced Brain Monitoring, Inc., NeuroSky, Neuroelectrics, Neuronetrix Solutions, LLC, Muse, and Other Prominent Players.
