SOURCE: MarketResearch.com

MarketResearch.com

March 06, 2013 03:08 ET

Market Research Report -- Global Brain Monitoring Devices Market to Reach $1.63 Billion by 2017

ROCKVILLE, MD--(Marketwire - Mar 6, 2013) - MarketResearch.com has announced the addition of the market research report "Brain Monitoring Market [By Product [EEG/Magnetoencephalography (MEG)/ Intracranial Pressure Monitor/Cerebral Oximeter/ Transcranial Doppler] & Application [Sleep Disorders/ Epilepsy/Traumatic Brain Injury/Brain Death] - Global Forecasts to 2017" to their product offering.

The global brain monitoring devices market was valued at $1.08 billion in 2012, and is poised to grow at a CAGR of 8.6% to reach $1.63 billion by 2017. The market offers a variety of brain monitoring devices (electroencephalograph, intracranial pressure monitors, Transcranial Doppler, magnetoencephalography, and cerebral oximeters), which help in monitoring a range of functions, such as electrical and neural activity, pressure surrounding the brain, velocity of blood flow in veins and arteries in the brain in case of epilepsy, brain death, traumatic brain injury, etc.

The brain monitoring devices market is witnessing various technological advancements leading to high functionality, lower costs, ease of operation, and miniaturization of devices fuelling the growth of this market. The traditional use of EEG devices as a diagnostic tool has now expanded to a range of applications, such as the monitoring of fatigue and stress, as a means of communication for patients with 'locked-in syndrome' using a brain-computer interface (BCI). Further, with the increase in computing power, more sophisticated applications of these devices are expected to develop in the future.

Rising incidences of neurological disorders, autoimmune and cardiovascular diseases, brain disorders, and sleep disorders, rising awareness regarding neurodegenerative diseases and technological advancements in brain monitoring devices are major drivers slated to propel this market. However, the shortage of skilled technicians to handle these complex devices is a factor limiting the growth of this market.

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