Market Overview
The wireless brain sensors are devices used to monitor the pressure, temperature, pH of the brain and observe brain activity in brain waves. Wireless sensors take this further by allowing the user to carry on a range of usual activities.
According to the MarkNtel Advisors' research report, "Global Wireless Brain Sensors Market Analysis, 2021", the market is likely to grow at a CAGR of around 10% during 2021-26. The application of electric devices in biomedical to monitor body signals is surging rapidly. The growing population, increasing neurological disorders like Parkinson's, dementia, and TBI, and rising sleep disorders due to poor lifestyle and high stress are a few factors driving demand for the wireless brain sensor market.
Mounting technological advancements, soaring awareness among people regarding neurological diseases, and dissolvable wireless brain sensors further fuel the market growth. Moreover, to enhance neuroscience research, the demand for new and innovative wireless brain sensors is escalating, thereby contributing to the market growth in the forecast period.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2016-19 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| CAGR (2021-2026) | 10% |
| Regions Covered | North America: USA, Canada |
| Europe: Germany, The UK, France, | |
| Asia-Pacific: China, India, Japan | |
| South America: Brazil | |
| Middle East & Africa: UAE, Saudi Arabia, South Africa | |
| Key Companies Profiled | EMOTIV INC., Muse, Advanced Brain Monitoring, INC., NeuroSky, NeuroElectrics, Neuronetrix Solutions, LLC (COGNISION) |
| Unit Denominations | USD Million/Billion |
Market Segmentation
Electroencephalography (EEG) Devices Accounted for the Largest Market Share
Based on product, Electroencephalography (EEG) devices accounted for the largest market share in the Global Wireless Brain Sensors market in 2019. EEG devices monitor the electrical activity of the brain. The segment growth attributes to the surging number of TBI & strokes among people, increasing road accidents, and growing usage of EEG in diagnostic centers. Every year, more than 795,000 people have a stroke in the United States. Hence, this propels the demand for EEG in the coming years, reveals MarkNtel Advisors in their research report, "Global Wireless Brain Sensors Market Analysis, 2021."
Sleep Disorders Exhibits Fastest Growth
Based on the application, sleep disorders exhibit the fastest growth in the Global Wireless Brain Sensors market during 2021-26. With the rapid life pace, the sleeping problem among people witnessed robust growth. A rising number of people are going through depression, anxiety disorders, and chronic stress. Sleep disorders are becoming increasingly common worldwide, thereby fueling the demand for sleep monitoring devices and boosting the Wireless Brain Sensor market growth.
Regional Landscape
North America Acquired the Largest Market Share
North America acquired the largest market share in the Global Wireless Brain Sensors market in 2019. The U.S. dominated the North American region due to the high prevalence of TBI & Alzheimer's among people, a strong presence of giant market players, and increasing technological advancements. Besides this, surging investments in R&D, burgeoning demand for wireless sensors due to rise in stress & anxiety levels among people leading to sleep disorders, and increasing risks of hemorrhagic and ischemic stroke due to unhealthy lifestyles propel the market growth in the forecast period.
Market Driver
Rising Incidences of Traumatic Brain Injuries
The Wireless Brain Sensors is witnessing astronomical adoption among consumers owing to rising incidences & awareness about traumatic brain injuries and surging deaths due to TBI. Around 288,000 people are hospitalized for TBI every year. The primary cause for TBI is by falls, motor vehicle crashes, and suicides. However, the risk of TBI is high among the elderly populace, which is likely to stoke the demand for wireless brain sensors in the forecast period.
Competitive Landscape
According to the MarkNtel Advisors, the key leaders in the global Wireless Brain Sensors market are EMOTIV INC., InteraXon Inc. (Muse), Advanced Brain Monitoring, INC., NeuroSky, NeuroElectrics, Neuronetrix Solutions, LLC (COGNISION).
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
A. The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.
A. The market size/industry size or the market value is measured in terms of USD Million.
A. The Global Wireless Brain Sensors Market is anticipated to grow at a CAGR of 10% during 2021-26.
A. EMOTIV INC., InteraXon Inc. (Muse), Advanced Brain Monitoring, INC., NeuroSky, NeuroElectrics, Neuronetrix Solutions, LLC (COGNISION), are a few of the leading players in the Global Wireless Brain Sensors Market.
A. Traumatic Brain Injuries is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
A. Asia-Pacific continues to grow at the highest CAGR, presenting immense opportunities for market players of the Global Wireless Brain Sensors Market.
