For business leaders, corporate strategists, and growth-focused teams – this report delivers deep market intelligence, forecasts, segmentation, and competitor insights to guide your decisions through 2034.
What is the projected market size of the brain health devices industry, and what is its expected CAGR?
The brain health devices market size has grown strongly in recent years. It will grow from $11.07 billion in 2024 to $11.9 billion in 2025 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to increase in prevalence of neurological disorders, growth in aging population, growth in the number of diagnostic centers and hospitals, growth in patient awareness about neurological diseases, and increase support from governments.
The brain health devices market size is expected to see strong growth in the next few years. It will grow to $15.73 billion in 2029 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to improved reimbursement policies, increasing incidence of sleep disorders, increasing focus on personalized medicine, rising demand for non-invasive procedures, and rise in regulatory approvals for new devices. Major trends in the forecast period include technological advancements, integration of artificial intelligence, integration of mobile health apps, development of personalized brain health products, advancements in brain monitoring devices.
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What external factors are influencing the brain health devices market’s growth momentum?
The increasing prevalence of neurological disorders is expected to propel the growth of the brain health devices market going forward. Neurological disorders are medical conditions that affect the nervous system, including the brain, spinal cord, and nerves, leading to various cognitive, motor, and sensory dysfunctions. The increasing prevalence of neurological disorders is largely driven by an aging population and the rising incidence of chronic diseases, such as diabetes and hypertension. Additionally, environmental and lifestyle factors, along with advances in diagnostic techniques and genetic predispositions, contribute to the growing number of reported cases. Brain health devices monitor brain activity and delivering targeted therapies to manage symptoms, enhance cognitive function, and improve patient outcomes. For instance, in April 2024, according to a report by the Alzheimer’s Association, a US-based nonprofit voluntary health organization, in 2022, 6.5 million Americans aged 65 and older were diagnosed with Alzheimer’s dementia, increasing to 6.9 million in 2024. Therefore, the increasing prevalence of neurological disorders is driving the growth of the brain health devices market.
What are the major market segments driving the growth of the brain health devices industry?
The brain health devices market covered in this report is segmented –
1) By Device Type: Magnetic Resonance Imaging, Magneto Encephalogram, Computed Tomography, Transcranial Doppler Device, Other Device Types
2) By Procedure: Invasive, Non-Invasive
3) By Application: Sleep Disorders, Accidental Injuries, Alzheimer’s Disease, Epilepsy, Stroke, Other Applications
4) By End-User: Hospitals And Clinics, Diagnostic Imaging Centers, Homecare Settings, Assisted Living Facilities, Other End-Users
Subsegments:
1) By Magnetic Resonance Imaging (MRI): Functional MRI (fMRI), Diffusion Tensor Imaging (DTI), MRI Spectroscopy
2) By Magnetoencephalogram (MEG): Whole-Head MEG Systems, Cooled MEG Systems
3) By Computed Tomography (CT): Standard CT Scanners, CT Angiography, High-Resolution CT Scanners
4) By Transcranial Doppler Device: Handheld Transcranial Doppler Devices, Portable Transcranial Doppler Devices
5) By Other Device Types: Electroencephalogram (EEG) Devices, Positron Emission Tomography (PET) Scanners, Near-Infrared Spectroscopy (NIRS) Devices
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Which trends are expected to dominate the brain health devices market landscape in the coming years?
Major companies operating in the brain health devices market are focusing on modernization of noninvasive and comfortable monitoring solutions such as brain monitoring systems to enhance the accuracy of diagnostics, improve patient outcomes, and streamline the management of neurological conditions. Brain monitoring systems allow continuous, non-invasive tracking of brain activity, enabling early detection and management of neurological disorders. For instance, in November 2022, Neurosteer Inc., a US-based medical equipment manufacturing company, received Food and Drug Administration (FDA) clearance for its single-channel electroencephalogram (EEG) brain monitoring platform. This clearance allows the versatile system to be designed for use across various clinical environments. The platform offers continuous brain monitoring in intensive care units (ICUs) for critical interventions and facilitates early detection of pre-symptomatic cognitive decline, including Alzheimer’s, Parkinson’s, and dementia, in physician offices.
Who are the key market players contributing to the growth of the brain health devices industry?
Major companies operating in the brain health devices market are Johnson & Johnson Services Inc., Medtronic plc, Siemens Healthineers AG, Koninklijke Philips N.V., GE HealthCare Technologies Inc., Boston Scientific Corporation, electroCore Inc., Masimo Corporation, Integra LifeSciences Corporation, LivaNova plc, Natus Medical Incorporated, Cadwell Industries Inc., NeuroSky Inc., Neuropace Inc., Compumedics Limited, Magstim Co. Ltd., Mindmaze SA, Brain Products GmbH, Emotiv Inc., Electrical Geodesics Inc., BrainScope Company Inc., Soterix Medical Inc., Advanced Brain Monitoring Inc., Bio-Signal Group Corp., Cognionics Inc
Which regions are leading the growth of the brain health devices market globally?
North America was the largest region in the brain health devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the brain health devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
How Can Companies Use The Brain Health Devices Market Report to Drive Business Results?
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• Time market entry or expansion using growth forecasts and CAGR trends.
• Develop competitive products by tracking key technology shifts and user preferences.
• Tailor regional strategies with in-depth geographic data and local market dynamics.
• Benchmark and plan partnerships using competitive landscape insights.
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