The Brain Wave Analyzer Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Brain Wave Analyzer Global Market Report 2024, The brain wave analyzer market size has grown strongly in recent years. It will grow from $2.15 billion in 2023 to $2.29 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to increasing prevalence of neurological disorders, growth in awareness about mental health, rising research and development activities, increase in healthcare expenditure, rising interest in brain computer interfaces.
The brain wave analyzer market size is expected to see strong growth in the next few years. It will grow to $2.92 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to increasing adoption of neurofeedback therapy, rising incidence of neurological disorders, expansion of telehealth services, growing applications in sleep disorder diagnosis, expansion in the sports and fitness industry. Major trends in the forecast period include advancements in brain computer interfaces, integration of AI and machine learning, development of portable and wearable devices, implementation of non-invasive techniques, expansion into non-medical applications.
The rising prevalence of neurological disorders is expected to propel the growth of the brain wave analyzer market going forward. Neurological disorders are a group of conditions that affect the nervous system, including the brain, spinal cord, and peripheral nerves. The rising neurological disorders are due to increased stress, poor diet, lack of exercise, and exposure to environmental toxins. A brain wave analyzer, using electroencephalograph (EEG), aids in diagnosing and managing neurological disorders by measuring brain activity to detect abnormalities, monitor progression, inform treatment plans, and support therapeutic interventions. For instance, in March 2023, according to the Alzheimer’s Association, a US-based non-profit voluntary health organization, in the United States, an estimated 6.7 million Americans aged 65 and older were living with Alzheimer’s dementia, which is a neurological disorder. Further, by 2060, the number of people aged 65 and older with Alzheimer’s dementia is projected to increase to 13.8 million. Therefore, the rising prevalence of neurological disorders is driving the growth of the brain wave analyzer market.
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The brain wave analyzer market covered in this report is segmented –
1) By Product: Software, Hardware
2) By Application: Neuro Feedback, Sleeping Aid, Quantum Medicine
3) By End User: Hospitals, Neurology Centers, Clinics And Ambulatory Surgical Centers (ASCs)
Major companies operating in the brain wave analyzer market are focusing on strategic investment to introduce innovative brain wave analysis devices with advanced features. Strategic investment fosters innovation, enhances technological integration, expands market reach, ensures regulatory compliance, and improves customer education and operational efficiency, ultimately driving growth and competitiveness. For instance, in September 2021, Yokogawa Electric Corporation, a Japan-based electrical engineering and software company, invested in CyberneX Co. Ltd., a Japan-based company, to develop a compact earphone-type device for real-time brainwave measurement. This technology aims to revolutionize healthcare, education, and industry with easy-to-use brainwave data capture, even during movement, integrating physiological data for enhanced applications and positioning CyberneX and Yokogawa at the forefront of innovation in the brainwave analyzer market.
The brain wave analyzer market report table of contents includes:
1. Executive Summary
2. Brain Wave Analyzer Market Characteristics
3. Brain Wave Analyzer Market Trends And Strategies
4. Brain Wave Analyzer Market – Macro Economic Scenario
5. Global Brain Wave Analyzer Market Size and Growth
…
32. Global Brain Wave Analyzer Market Competitive Benchmarking
33. Global Brain Wave Analyzer Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Brain Wave Analyzer Market
35. Brain Wave Analyzer Market Future Outlook and Potential Analysis
36. Appendix
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