Brain Wave Analyzer Market to Reach USD 6.5 Billion by 2028

Vantage Market Research

Nov 11, 2021

According to analysts at Vantage Market Research, the Brain Wave Analyzer Market is expected to reach USD 6.5 Billion by 2028, growing at a CAGR of 3.2% from 2021 to 2028.

Expansion in the interest for remote checking and patient engagement arrangements. The vast majority of the medical services facilities are at present attempting to grow patient checking to home consideration settings or other brief arrangements with a means to give ideal consideration. Coronavirus has prompted a significant surge for ventilators, and producers are presently centering their endeavors to meet the expanding need for ventilators, including other respiratory gadgets, rather than brain monitoring devices.

Key Findings:

  • The software segment is projected to expand at the fastest CAGR exceeding 5% over the forecast period owing to the increase in measures the harmonic distortion of the signal, Desired frequency components of the signal can be selected to analyze the signal, used in harmonics analysis whose signal is to be analyzed and measuring the amplitude of the selected frequency component in the signal.
  • The neuro-feedback segment held a market share of around 3% in 2020. This share is due to the use in analyzing the DC component in the periodic signal, also used to reduce sound and vibration produced by the electrical machines in the industries, used to measure the amplitude of the signal along with noise and interfering signals are also some of the determinants driving the growth.
  • North America is expected to expand at a CAGR of over 2.5% from 2021 to 2028. This surge is attributed to the rising demand for brain wave analyzers in developed economies such as U.S. and Canada.

 The increasing frequency of these neurological dysfunctions has made it remarkably to screen brain and neurological capacities. Numerous neurological problems and conditions are moderate, and their danger increments with age. Moreover, the predominance of different illnesses and conditions, for example, sickle-cell infections and cardiovascular issues, is additionally expanding. Cardiovascular strategies may here and there influence the ordinary working of the mind, which is another main consideration driving the interest for cerebrum observing gadgets.

North America region is poised to record the highest CAGR, owing to the increasing demand in countries, such as the U.S., Canada, and Mexico, coupled with the growth of the region's overall brain wave analyzer market. Brain dysfunctions, which incorporate a blend of formative, mental, and neurodegenerative illnesses, are a viable cause for this across the globe. This can fundamentally be credited to the developing geriatric population.

Some of the key players in the Brain Wave Analyzer Market include Electrical Geodesics Inc., Nihon Kohden America Inc., Noraxon U.S.A. Inc., Natus Medical Inc., Medtronic, Compumedics Ltd., Brain Products GmbH, NeuroSky, NeuroWave Systems Inc., Cadwell Laboratories Inc.., among others.  The market is comprised of a high degree of competition due to the presence of numerous key players. Manufacturers are focusing on opting for various inorganic growth strategies such as acquisitions, mergers, and geographical expansion to leverage their market share and gain a competitive advantage.