Market Size, Growth & Valuation (2024-30)

Wireless Brain Sensors Market size was valued at around USD 527.5 million in 2023 and is projected to reach around USD 1,013.8 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 9.78% during the forecast period, i.e., 2024-30.

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Wireless Brain Sensors Market Structure – Segmentation & Geography

By Product

• Electroencephalography (EEG) devices- Market Size & Forecast 2019-2030, USD Million
• Sleep Monitoring Devices-Market Size & Forecast 2019-2030, USD Million
• Magnetoencephalography- Market Size & Forecast (MEG) devices 2019-2030, USD Million
• Transcranial Doppler (TCD) devices- Market Size & Forecast 2019-2030, USD Million
• Intracranial pressure (ICP) monitors- Market Size & Forecast 2019-2030, USD Million
• Others (Deep Brain stimulations, Cognitive Rehabilitation Devices, etc.)- Market Size & Forecast 2019-2030, USD Million

By Application

• Dementia- Market Size & Forecast 2019 - 2030 (USD Million)
• Epilepsy- Market Size & Forecast 2019 - 2030 (USD Million)
• Huntington's Disease- Market Size & Forecast, 2019 - 2030 (USD Million)
• Migraine- Market Size & Forecast 2019 - 2030 (USD Million)
• Stroke- Market Size & Forecast 2019 - 2030 (USD Million)
• Parkinson's Disease- Market Size & Forecast 2019 - 2030 (USD Million)
• Sleep Disorders- Market Size & Forecast 2019 - 2030 (USD Million)
• Traumatic Brain Injuries- Market Size & Forecast 2019 - 2030 (USD Million)
• Others (Multiple sclerosis, Depression, etc.)- Market Size & Forecast 2019 - 2030 (USD Million)

Amongst them all, migraine segment has captured the largest share of the market in the past few years.

By End-User

• Hospitals- Market Size & Forecast 2019-2030, USD Million
• Research Institutes- Market Size & Forecast 2019-2030, USD Millions
• Diagnostic Centres- Market Size & Forecast 2019-2030, USD Million
• Others (Clinics, Homecare Settings, etc.)- Market Size & Forecast 2019-2030, USD Million

Out of them all, the hospitals segment has held a dominant share of the Global Wireless Brain Sensors Industry. 

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific.

North America witnessed significant revenue growth in the Global Wireless Brain Sensors Market during 2019-2023. 

Key Growth Opportunity (2024-2030)

Rising Government Initiatives Towards Brain Health to Offer Lucrative Growth Opportunities – Growing awareness about ‘Brain Health’ and not only ‘Human Health’ in recent years around the world has been pushing national governments across the globe to take strategic actions to improve the brain health of their residents. The increasing cases of brain strokes, cancers, depression, and traumatic injuries amongst all age groups of the population have instigated the implementation of various initiatives by the medical authorities along with the national governments across the globe.

Moreover, the surging rate of old-age dementia and the growing chances of old-age dementia in the young population is further stimulating the need for research & development for better treatment and therapy technology as well as more prevalence of brain health clinics. Germany’s Brain Plan Agenda, 2030, Canada’s renewed funding for the Brain Canada Foundation, Indian state Karnataka’s Brain Health Initiative, etc., have been announced in recent years to promote better brain health. These initiatives are anticipated to create growth opportunities for the top companies in the coming years.

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Research Methodology

MarkNtel Advisors employs a thorough and iterative research methodology to enhance accuracy in market estimates. Our process combines bottom-up and top-down approaches, focusing on data triangulation for validation. It includes defining research objectives, selecting representative samples, and collecting data through surveys and interviews. Post-collection, we analyze and validate the data using statistical tools, ensuring reliability. Finally, we forecast market trends through predictive modeling, compiling our insights into detailed reports with charts and strategic recommendations for informed decision-making.

Competitive Analysis Framework

The Wireless Brain Sensors industry is moderately fragmented, with key players focusing on technological advancements and strategic partnerships. A detailed competitive analysis helps businesses benchmark against industry leaders and identify growth opportunities.

Leading Wireless Brain Sensors Companies are:

• Emotiv Inc.
• InteraXon Inc. (Muse)
• NeuroSky
• Masimo Corporation  
• Neuronetrix Solutions, LLC (Cognision)
• Advanced Brain Monitoring Inc.
• NeuroWave Systems Inc.
• Brain Scientific Inc. (Aditxt Inc.)
• Neuroelectrics Barcelona S.L.U.
• Bit & Brain Technologies S.L.  
• Brain Vision LLC
• CGX systems
• HI LLC, DBA Kernel
• Nihon Kohden Corporation
• Cortech Solutions, Inc.
• Elemind
•  

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Key Questions Answered in This Report:

1. What is the current market size of Wireless Brain Sensors, and what growth rate is projected by 2030?
2. Which key trends are driving Wireless Brain Sensors market expansion in the next five years?
3. How does market segmentation impact industry dynamics?
4. Which geographic regions offer the highest growth potential?
5. What are the primary challenges hindering Wireless Brain Sensors industry growth?
6. How do regulatory policies influence market development?
7. What are the latest technological advancements impacting the sector?
8. Who are the leading Wireless Brain Sensors companies, and what are their market shares?
9. What strategies are top competitors adopting to maintain dominance?
10. What are the emerging niche segments with high growth potential?
11. How do macroeconomic factors affect market performance?
12. What are the investment opportunities for new entrants?
13. How does pricing strategy vary across different market segments?
14. What are the future innovation trends expected in this industry?

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