The Global Wireless Brain Sensors market is likely to attain a CAGR of 10% during the forecast period. The market growth attributes to rising incidences of stroke, TBI, and dementia in the developed & developing countries, the burgeoning adoption of high-quality wireless brain sensors for monitoring in hospitals, and a surging number of people experiencing cerebrum-related issues, such as memory loss, confusion, etc.
According to WHO, Traumatic Brain Injury is the 3rd leading cause of global mortality and disability by 2019. Besides, the absence of skilled professionals, lacking healthcare facilities like reimbursement policy in developing & economically weak nations, and the lack of proper advanced healthcare facilities reduce the adoption of wireless brain sensors, thereby hampering the market growth for wireless brain sensors.
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Multi-specialty hospitals Accounted for Highest Market Share
According to the MarkNtel Advisors' research report, "Global Wireless Brain Sensors Market Analysis, 2021", the market is likely to grow at a CAGR of 10% during 2021-26. Based on End-User, the market classifies into research institutes, multi-specialty hospitals, diagnostic centers, others. Among these segments, Multi-specialty hospitals acquired the highest market share in 2019 due to rising government investments in healthcare infrastructure development, burgeoning incidences of neurological disorders like Parkinson's disease, TBI, etc., and the growing popularity of multi-specialty hospitality due to the availability of advanced facilities providing better treatment to patients. According to the Parkinson's Foundation, around 60,000 Americans are diagnosed with these diseases every year. It is estimated that nearly one million will be living with PD in the U.S. by 2020.
"Global Wireless Brain Sensors Market Analysis, 2021" provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and available opportunities for Wireless Brain Sensors providers across the globe. Moreover, the report also encompasses the key strategic imperatives for competitors' success ånd strategic factorial indexing to measure competitors' capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.
Asia-Pacific Registers Fastest Growth
Asia-Pacific registered the fastest growth in the Global Wireless Brain Sensors market in 2019. China and India acquired the majority share in the Asia-Pacific region due to the surging investment in R&D to make neuroscience research easier, massive advancements in clinical trials for brain monitoring products, and increasing occurrences of road accidents.
According to the National Crime Records Bureau (NCRB), around 4,37,396 road accidents across India in 2019. The demand for wireless brain sensors witnesses robust growth in factories to surge profitability & probability as it monitors emotions like incidents of workplace rage, anxiety, and brain activity. Hence, this is likely to place a lucrative growth opportunity for the Wireless Brain Sensors market in the forecast period, reveals MarkNtel Advisors in their research report, "Global Wireless Brain Sensors Market Analysis, 2021."
According to the MarkNtel Advisors, the major leading players in the global Wireless Brain Sensors market are EMOTIV INC., Muse, Advanced Brain Monitoring, INC., NeuroSky, NeuroElectrics, Neuronetrix Solutions, LLC (COGNISION), etc.