2020-2027 Analysis and Review Brain Sensing Headband Market

Brain Sensing Headband Market

Brain Sensing Headband Market By Application (EEG, Sleep Monitoring and Others), By End User (Personal Care, Research Institutes and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2027

07-02-2020 REP-HC-5030 40 Tables 115 pages Format

The brain sensing headband market was valued at USD1,007.1 Mn by 2019. Rising prevalence of neuronal disorders such as insomnia, epilepsy, dementia, etc. primarily determines the brain sensing headbands market growth. Significant rise in the IT-healthcare segment to develop state of the art wearable gadgets to continuously monitor neuronal activities further consolidates the market growth. The major obstacle associated with the market is the exorbitant cost associated with the brain-sensing headbands.

 Brain Sensing Headband Market

The brain-sensing headbands are wireless and are connected to the smartphones which gives a digital translation of the brain activities pertaining to sleep pattern, dementia, epilepsy, and other neuronal conditions. It is critical in helping healthcare professionals to analyze vital data pertaining to patients daily brain sensing and determine a treatment regimen accordingly. Meditation programs are also being installed in the brain sensing headbands to promote mental relief and release mental stress.

The major segments related to the brain sensing headband market are: 

By Application (2017–2027; US$ Mn)

EEG

Sleep Monitoring

Others

By End User (2017–2027; US$ Mn)

Personal Care

Research Institute

Others

Geography Segment(2017–2027; US$ Mn)

North America

United States
Canada

Europe

United Kingdom
Germany
Rest of Europe

Asia Pacific

China
Japan
Rest of Asia Pacific

Latin America (LATAM)

Brazil
Mexico
Rest of Latin America

Middle East and Africa (MEA)

GCC
Rest of MEA 

Justification for study?

  • The intention of the study is to give a comprehensive outlook of the global brain sensing headband market
  • The overall segmentation of the brain sensing headband market, by application, end-user, and geography is minutely studied. Sleep monitoring and personal care are dominating the application and end-user segments respectively
  • Significant rise in the neuronal disorders and technological advancement in the brain monitoring technology determines brain sensing headband market growth
  • Increasing demand for personal care gadgets further consolidates the  brain sensing headband market growth 

Report gist?

  • The study of the global brain sensing headband market includes qualitative analysis of factors such as drivers, restraints, and opportunities
  • The report covers qualitative and quantitative analysis of the overall market segmented on the basis of application and end-user and categorization of the same at geography level
  • This research report presents the analysis of each segment from 2017 to 2027 considering 2019 as the base year for the research. CAGR for each respective segments are calculated for the forecast period from 2020 to 2027
  • The study includes the profiles of major market players with a significant global and regional presence along with top company positioning

Significant customers?

  • This study is suitable for industry participants and stakeholders in the medical device manufacturers engaged in manufacturing and marketing of Brain Sensing Headbandwhich is gaining huge demand on account of the rising prevalence of neuronal disorders and increasing demand for personal care gadgets
  • The report will benefit health enthusiasts actively engaged in self-health monitoring
  • Managers with financial institutions looking to publish recent and forecasted statistics pertaining to brain-sensing headband market
  • Financial institutions venture capitalist, analysts, investors, government organizations, policymakers, regulatory authorities, researchers, looking for insights into the market to determine future strategies

Segment Analysis

Sleep monitoring is holding the largest market share in the applications segment for the brain sensing headband market. According to the latest statistics presented by the National Sleep Foundation (NSF), insomnia affects roughly 30% of the world population, 10% have symptoms associated with daytime functional and cognitive impairment associated with lack of sleep. Electroencephalogram (EEG) is gaining tremendous attraction of IT healthcare companies to develop software to understand the patterns associated with neuronal disorders such as epilepsy, brain tumor, encephalitis, etc. which can be monitored constantly and aid physicians to prescribe the accurate dosage regimen for the treatment.

Personal care is dominating the end-user segment for the brain sensing headband market. The ergonomic features such as user-friendly interface, ease of monitoring, data accuracy enables consumers to maintain track of important parameters pertaining to brain health. It is vital in understanding the sleep pattern and enables to maintain normal circadian rhythm. Research Institutes are employing the use of brain sensing headband to study the various EEG patterns obtained due to brain disorders such as epilepsy, migraine, dementia, etc. Genuine efforts are being made to correlate EEG patterns with underlying brain disorders which will benefit the healthcare professionals, in the long run, to determine the accurate drug posology for patients.

North America is spearheading the geography segment for the brain sensing headband market. As per the research citings brought forward by the Center for Disease Control and Prevention (CDC), 1 in 4 citizens in the United States develops insomnia in some stage of their life. Increasing demand for brain monitoring gadgets among health enthusiasts further consolidates the market growth in the region. Domicile of major players such as Interaxon, Inc., Spire Health, NeuroSky, NextMind, etc. further propels the brain sensing headband market growth in the region. Europe is holding the second largest regional market for the brain sensing headbands on account of strategic collaboration between medical device manufacturers and academic research institutes to develop more user-friendly brain monitoring gadgets. Asia Pacific is anticipated to witness rapid market growth on account of constantly rising IT healthcare domains and a significant rise in the number of health enthusiasts using brain-sensing wearable devices.

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