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Market Overview
Wireless Brain Sensors are devices used to monitor the pressure, temperature, pH inside the brain and also observe brain activity in the form of brain waves. Wireless sensors take this further by allowing the user to carry on a range of normal activities.
According to the MarkNtel Advisors’ research report, "Global Wireless Brain Sensors Market Analysis, 2021”, the market is expected to grow at a CAGR of around 10% during 2021-26. The application of electric devices in biomedical to monitor body signal is surging rapidly. The growing geriatric populace, increasing incidences of neurological disorders such as Parkinson’s disease, dementia and TBI and rise in sleep disorder among people due to sedentary lifestyle and high-stress level are few of the factors driving demand for wireless brain sensor market. In addition to this, mounting advancement in technology, growing awareness among people regarding neurological disease and the launch of dissolvable wireless brain sensor are fueling the growth of the market. Moreover, to enhance neuroscience research, the demand for new and innovative wireless brain sensor is escalating. Hence, this is projected to strongly contribute to the growth of the market in the forecast period.
| Report Coverage | Details |
| Study Period | Historical Data: 2016-20 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| Regions Covered | North America |
| Europe | |
| Asia-Pacific | |
| South America | |
| Middle East & Africa | |
| 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 growth of the segment is attributed to an upsurge in the number of TBI, stroke among people, an increase in the number of road accidents, and a growth in the use of EEG in diagnostic centres. More than 795,000 people have a stroke in the United States every year. Hence, this is projected to propel the demand for EEG in the coming years as revealed by the MarkNtel Advisors’ research report “Global Wireless Brain Sensors Market Analysis, 2021”.
Sleep Disorders Exhibits Fastest Growth
Based on the Application, Sleep Disorders is projected to exhibit the fastest growth in the Global Wireless Brain Sensors market during 2021-26. With the fast pace life, the sleep problem among people witnessed robust growth. The rising number of people suffering from depression and anxiety disorder and chronic stress. Sleep disorders are becoming increasingly common worldwide. Thus, this is fueling the demand for sleep monitoring devices which is further projected to boost 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 America region due to the high prevalence of TBI, Alzheimer's, a strong presence of giant key players, and increasing technological advancement. Besides this, surging investment in R&D, burgeoning demand for wireless sensor due to rise in stress and anxiety level among people leading to sleep disorder and adoption of unhealthy lifestyle surging the risk of hemorrhagic and ischemic stroke are projected to proliferate the growth of the market in the forecast period.
Market Driver
Rising Incidences of Traumatic Brain Injuries
The Wireless Brain Sensors is witnessing astronomical adoption among the consumer due to rising incidences and awareness about traumatic brain injuries along with increasing death via TBI is surging every year. Around 288,000 people 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 older people. The growing elderly population is expected to fuel the demand for wireless brain sensors in the forecast period.
Competitive Landscape
According to MarkNtel Advisors, the major leading players 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:
Q. What is the historical year, base year and forecast year considered in the research report on Global Wireless Brain Sensors Market?
A. The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.
Q. What are the units or denomination for measuring market value in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of the Global Wireless Brain Sensors Market during 2021-26?
A. The Global Wireless Brain Sensors Market is anticipated to grow at a CAGR of 10% during 2021-26.
Q. Who are the key competitors or players operating in Global Wireless Brain Sensors Market?
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.
Q. Which application segment would emerge as an opportunity area for players in 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.
Q. Which region would emerge as an opportunity area for players in Global Wireless Brain Sensors Market?
A. Asia-Pacific continues to grow at the highest CAGR, presenting immense opportunities for market players of the Global Wireless Brain Sensors Market.
