Wireless Brain Sensor Market Size Worth USD 804.3 Million in 2028

Increasing prevalence of neurological disorders and TBIs and increasing elderly population globally are some key factors driving global market revenue growth                              

According to Emergen Research’s most recent analysis, the market for wireless brain sensors worldwide reached USD 391.7 million in 2020 and is projected to grow at a 9.5% revenue CAGR over the following five years. One of the main factors propelling the market for wireless brain sensors is the rising acceptance of sedentary lifestyles around the world. Among the main factors contributing to stroke and migraine are bad lifestyle choices including smoking and alcoholism. The NCBI lists a few lifestyle factors that affect health, including: Exercise, Sleep, Substance Abuse, Medication Abuse, Diet and Body Mass Index.

Due to the adoption of an unhealthy lifestyle, stroke is the main cause of mortality and morbidity. Approximately 70,000 Americans get a stroke each year; of them, 23.0% result in death or permanent disability. Smoking is also a significant risk factor for hemorrhagic and ischemic stroke. The market for wireless brain sensors is projected to grow as more people adopt unhealthy lifestyle patterns because these devices help control and prevent such illnesses.

One of the key factors propelling the market for wireless brain sensors is the increase in traumatic brain injuries (TBI), which is on the rise. TBIs caused by a blow, bump, or shock to the skull affect the brain either permanently or temporarily. Sports-related injuries, slips and falls, gunshot wounds, domestic abuse, and auto accidents are some of the leading causes of TBIs. In both industrialised and developing nations, TBI is one of the main causes of morbidity and mortality and a significant public health issue. Around 1.5 million Americans with TBI receive treatment each year, according to a CDC report released in 2020. Similar to this, according to the journal published by Headway, 348,453 persons were hospitalised in the U.K. in 2016–2017 as a result of brain injuries.

It is also anticipated that the number of patients with various brain injuries will rise as more individuals engage in sports and leisure activities. Over 3.5 million injuries to children and teenagers are recorded in the United States each year, with TBIs accounting for about 21.0% of all injuries, according to Stanford Children’s Health. Furthermore, roughly 17,655 persons were hospitalised for sports-related injuries between 2016 and 2017, according to the Canadian Institute for Health Information.

The necessity for sensors to monitor patients in this patient pool for a variety of medical ailments and illnesses, as well as the rising older population and rising demand for wireless brain sensors for detecting neurological disorders, are the main factors propelling market revenue growth. Due to their high degree of dependability, wireless brain sensors are used in the healthcare industry.

Patients with severe traumatic brain injuries or even those with Parkinson’s disease can use wireless brain sensors to measure the pressure and temperature inside their skulls (PD). Brain-computer interface technology has made significant strides, which has fueled the ongoing growth of brain sensors. The present sensors can be accessed remotely via wireless communication. Brain-computer interfaces are made to let severely paralysed people operate gadgets with their thoughts in order to carry out daily tasks.

Some Key Highlights From the Report:

  •   Over the course of the projected period, the Traumatic Brain Injuries (TBIs) category is anticipated to experience relatively consistent revenue growth. Due to increased risk of and exposure to potential dangers and injuries, it is anticipated that as more people engage in sport and recreational activities, the number of patients suffering from various brain injuries would rise.
  •   Additionally, one of the main causes of TBIs is the rise in traffic accidents. Other factors fueling the growth of this market include rising injury cases and increased awareness of TBIs.
  •   Because of the increasing demand for wireless brain sensors across a variety of end-use sectors, including hospitals, clinics, research facilities, and even homes in nations in the North American continent, the region is anticipated to account for a relatively larger revenue share over the forecast period.
  •   Some major companies included in the global market report are EMOTIV Inc., Advanced Brain Monitoring, Inc., InteraXon Inc. (Muse), Neurosky, Inc., Neuroelectrics Corporation, Evolent Health, Inc., Neuronetrix Solutions, Hangzhou Zhongheng Electric Co., Ltd., Deayea Technology Co., Ltd., and NeuroTherapeutics Pharma, Inc.

Emergen Research has segmented global wireless brain sensor on the basis of product, application, end-use, and region:

Product Outlook (Revenue, USD Billion; 2018–2028)

  • Electroencephalography (EEG) Devices
  • Sleep Monitoring Devices
  • Magnetoencephalography (MEG) Devices
  • Transcranial Doppler (TCD) Devices
  • Intracranial Pressure (ICP) Monitors & Accessories

Application Outlook (Revenue, USD Billion; 2018–2028)

  • Dementia
  • Epilepsy
  • Parkinson’s Diseases
  • Traumatic Brain Injuries
  • Others

End-use Outlook (Revenue, USD Billion; 2018–2028)

  • Research Institutes
  • Neurological Hospitals
  • Diagnostic Centers
  • Others

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