The research report on Global Wearable Brain Devices Market provides a complete assessment of the key growth catalysts, profitable prospects, challenges, constraints and constraints that will define the industry dynamics between 2022 and 2028.
Pune, India, July 5, 2022 (GLOBE NEWSWIRE) — According to MarketStudyReport, worldwide wearable brain device market is expected to register a strong CAGR and generate lucrative turns in 2022-2028. The increasing prevalence of neurological disorders, rising geriatric population, rising clinical research activity, and technological advancements have boosted demand for the product, which in turn boosts the overall global market prospects for wearable brain devices.
The study estimates the market size for different segments and regions in previous years, using verified research methodologies. The document also includes accessible prospects for stakeholders to invest in micromarkets, as well as a full examination of the competitive landscape based on the company’s portfolio, manufacturing capabilities, key developments and geographic reach.
For the record, neurological problems are especially common in the elderly population, especially those 55 and older. This age group is usually linked to negative health outcomes, including high death rates, institutionalization, disability and hospitalization, which in turn has increased the demand for wearable EEG devices around the world.
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However, the high cost of these devices is likely to be a major impediment to overall market development.
Outline the market segmentations
Based on the channel type, the market is divided into multi-channel, 5-channel type, 12-channel type, 32-channel type and others.
Moving into the application landscape, the market has been segmented into AR/VR gaming institutions, medical institutions, and others.
With regard to the end-user field, the global wearable brain equipment market is categorized into athletes and military personnel, intensive care units, academic research institutes, diagnostic centers, neurological centers, residential care centers, home care facilities, transportation and construction, ambulatory surgical centers, and hospitals & clinicsS.
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The increased prevalence of Parkinson’s disease and epilepsy can be attributed to the increased demand for minimally invasive procedures. Technological improvements have also contributed to the expansion of the application market in the region. As a result, North America is likely to dominate the entire regional market over the projection horizon. Increased health care spending in North America may also attract new and existing rivals.
Asia-Pacific is expected to have the highest CAGR over the projection horizon due to the availability of required health insurance policies, technological advancements and higher health care spending. Two of the growing economies of the Asia-Pacific region are Singapore and South Korea.
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Global Channel Type Wearable Brain Devices (Yield, USD Billion, 2018-2028)
5 channel type
Global Application Spectrum for Wearable Brain Devices (Yield, USD Billion, 2018-2028)
AR/VR gaming settings
Global Wearable Brain Device Market Analysis (Revenue, Billion Dollars, 2018-2028)
Athletes and military personnel
Assisted Living Facilities
Intensive Care Units
Home care institutions
Research and academics
Transport and construction
Ambulatory Surgery Centers (ACs)
Hospitals & Clinics
Regional Contribution of the Global Wearable Brain Device Market (Yield, USD Billion, 2018-2028)
Rest of Asia-Pacific
Rest of the world
Global Wearable Brain Devices Market Competition Dashboard (Proceeds, USD Billion, 2018-2028)
Chapter 1. Summary
1.1. Market snapshot
1.2. Global and Segmented Market Estimates and Forecasts, 2020-2028 (USD Billion)
1.2.1. Wearable Brain Devices Market by Regions, 2020-2028 (USD Billion)
1.2.2. Wearable Brain Device Market, by Channel Type, 2020-2028 (USD Billion)
1.3. Main trends
1.4. Estimation methodology
1.5. Research assumption
Chapter 2. Global Market Definition and Scope of Wearable Brain Devices
2.1. Purpose of the study
2.2. Market definition and scope
2.2.1. Scope of the study
2.2.2. Industry evolution
2.3. Years considered for the study
2.4. exchange rates
Chapter 3. Global Wearable Brain Device Market Dynamics
3.1. Wearable Brain Devices Market Impact Analysis (2020-2028)
3.1.1. Market factors
188.8.131.52. Increasing prevalence of chronic diseases such as migraine and epilepsy
184.108.40.206. External funding for research and development activities
3.1.2. Market Challenges
220.127.116.11. High cost of devices
3.1.3. Market opportunities
18.104.22.168. Technological advances in wearable devices
Chapter 4. Global Wearable Brain Devices Market Analysis
4.1. Porter’s 5 Forces Model
4.2. PEST analysis
4.3. Investment Adoption Model
4.4. Analyst Recommendation and Conclusion
4.5. Top investment opportunity
Chapter 5. Risk assessment: COVID-19 impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre-COVID-19 and Post-COVID-19 Market Scenario
Chapter 6. Global Wearable Brain Devices Market by Channel Type
6.1. Market snapshot
6.2. Global Wearable Brain Devices Market by Channel Type, Performance – Potential Analysis:
6.3. Global Wearable Brain Devices Market Estimates and Forecasts by Channel Type 2018-2028 (USD Billion)
6.4. Wearable Brain Devices Market Segment Analysis
6.4.1. 32 channel type
6.4.2. 12-channel type
6.4.3. 14 channel type
6.4.4. 5 channel type
6.4.5. Multiple channels
Chapter 7. Global Wearable Brain Devices Market Segment By Application:
7.1. Market snapshot
7.2. Global Wearable Brain Devices Market Segment By Application, Performance, and Potential:
7.3. Global Wearable Brain Devices Market Estimates and Forecasts by Application 2018-2028 (USD Billion)
7.4. Wearable Brain Devices Market Segment Analysis
7.4.1. Medical environment
7.4.2. AR/VR gaming settings
Chapter 8. Global Wearable Brain Devices Market, by End Uses
8.1. Market snapshot
8.2. Global Wearable Brain Devices Market Segment By End Use, Performance – Potential Analysis:
8.3. Global Market Estimates and Forecasts for Wearable Brain Devices by End Use 2018-2028 (USD Billion)
8.4. Wearable Brain Devices Market Segment Analysis
8.4.1. Hospitals & Clinics
8.4.2. Neurological Centers
8.4.3. Outpatient Surgery Centers (ASCs)
8.4.4. Diagnostic centers
8.4.5. Transport and construction
8.4.6. Research and academics
Chapter 9. Global Wearable Brain Devices Market, Regional Analysis
Neurotech Devices Market Size, Industry Analysis Report, Regional Outlook, COVID-19 Impact Analysis, Growth Potential, Competitive Market Share and Forecast, 2022 – 2030
the global market for neurotech devices is expected to grow at a significant rate through 2030 due to the increasing cases of Parkinson’s disease among the geriatric population. In addition, the increasing adoption of advanced technologies in healthcare is likely to further fuel the industry’s growth over the forecast period. From a regional perspective, the Latin American neurotech device market accounted for about 3.9% of the industry’s total revenue in 2021 and is speculated to grow solidly between 2022 and 2030. The growth of the market is driven by rising cases of neurological disorders in several LATAM countries.
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