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Brain Health Devices
The brain health devices market was valued at US$ 9,070.5 million in 2018, and is projected to exhibit a CAGR of 7.7%, during the forecast period (2019-2026).
SEATTLE , WASHINGTON, UNITED STATES, January 6, 2022 /EINPresswire.com/ — ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
The growth of the global brain health devices market is expected to continue in the near future, especially in the developed countries. Increased geriatric population and incidence of neurological disorders are some of the factors driving this market growth. Technological advancements are also contributing to the growth of the market. Despite the benefits, a major drawback to this technology is stringent government regulations.
The global brain health devices market was valued at US$ 9,070.5 million in 2018, and is projected to exhibit a CAGR of 7.7%, during the forecast period (2019-2026).
๐๐จ ๐ ๐๐ญ ๐๐จ๐ซ๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ญ๐ซ๐๐ญ๐๐ ๐ข๐๐ฌ ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ @ https://www.coherentmarketinsights.com/insight/request-sample/1095
๐๐ฅ๐จ๐๐๐ฅ ๐๐ซ๐๐ข๐ง ๐๐๐๐ฅ๐ญ๐ก ๐๐๐ฏ๐ข๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญ: ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ
Approval and launch of new products is expected to propel growth of the global brain health devices market over the forecast period. For instance, in January 2019, Vercise Primary Cell and Vercise Gevia DBS systems featuring the Vercise Cartesia Directional Lead were launched by Boston Scientific Corporation for the treatment of Parkinson's disease.
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Major players operating in the global brain health devices market are focused on adopting merger and acquisition strategies to expand their product portfolio. For instance, in August 2015, Medtronic plc. acquired Medina Medical, developer of Medina Embolization Device, to expand its hemorrhagic stroke product offering.
๐๐ฅ๐จ๐๐๐ฅ ๐๐ซ๐๐ข๐ง ๐๐๐๐ฅ๐ญ๐ก ๐๐๐ฏ๐ข๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญ: ๐๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ
Product recalls are expected to limit growth of the global brain health devices market. For instance, in 2018, Monteris Medical, Inc. received a product recall notice from U.S. Food and Drug Administration for its NeuroBlate System due to unintended heating which can result in brain damage and death.
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In the U.S., from 3 January 2020 to 5:51pm CET, 16 December 2021, there have been 49,833,416 confirmed cases of COVID-19 with 792,371 deaths, reported to WHO. As of 9 December 2021, a total of 465,812,616 vaccine doses have been administered. Emergence of Covid-19 has led to increase in prevalence of mental diseases such as depression, which in turn is expected to boost demand for brain health devices.
๐๐จ ๐๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐
๐๐ซ๐จ๐๐ก๐ฎ๐ซ๐ ๐๐๐ซ๐ @ https://www.coherentmarketinsights.com/insight/request-pdf/1095
๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ
Major players operating in the global brain health devices market are focused on approval and launch of new products to expand their product portfolio. For instance, in June 2018, Next Gen RNS System, a type of brain-computer interface, was launched by NeuroPace, Inc. for the treatment of refractory epilepsy.
Asia Pacific is expected to witness significant growth in the global brain health devices market, owing to high prevalence of neurological diseases in the region. For instance, according to the study, โPrevalence, burden, and clinical management of migraine in China, Japan, and South Korea: a comprehensive review of the literatureโ, published in December 2019, in BMCโs The Journal of Headache and Pain, the 1-year prevalence of migraine among adults ranged from 6.0% to 14.3%.
๐๐ฅ๐จ๐๐๐ฅ ๐๐ซ๐๐ข๐ง ๐๐๐๐ฅ๐ญ๐ก ๐๐๐ฏ๐ข๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญ: ๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐
Major players operating in the global brain health devices market include, Advanced Brain Monitoring, Inc., BrainScope Company, Inc., Bio-Signal Group Corp., Cadwell Industries, Inc. Compumedics Ltd., DePuy Synthes, Elekta, Electrical Geodesics, Inc., GE Healthcare, Medtronic plc, MEG International Services Ltd, Natus Medical, Inc., Neurowave Systems Inc., Nihon Kohden Corporation, and Philips Healthcare.
๐๐ฅ๐จ๐๐๐ฅ ๐๐ซ๐๐ข๐ง ๐๐๐๐ฅ๐ญ๐ก ๐๐๐ฏ๐ข๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญ: ๐๐๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
Major players operating in the global brain health devices market are focused on approval and launch of new products to expand their product portfolio. For instance, in March 2019, Health Canada approved NeuroCatch Platform from NeuroCatch Inc. The platform a rapid neuro-physiological brain function assessment system.
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๐ฎ๐ฅ๐ฅ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง @ https://www.coherentmarketinsights.com/insight/buy-now/1095
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