Global wearable brain devices market size to grow substantially over 2022-2028

SKYLINE MARKET RESEARCH LLP

The ‘global wearable brain devices market’ research report provides a complete assessment of the major growth catalysts, profitable prospects, challenges, limitations, and restraints that will shape the industry dynamics between 2022 and 2028.

Pune, India, July 05, 2022 (GLOBE NEWSWIRE) – According to MarketStudyReport, global wearable brain devices market is expected to register a strong CAGR and generate lucrative turns during 2022-2028. The increasing prevalence of neurological disorders, the surging geriatric population, rising clinical research activities, and technological advancements have impelled the demand for the product, which in turn is stimulating the overall global wearable brain devices market outlook.

The study estimates market sizes for various segments and regions in previous years, using verified research methodologies. The document also includes accessible prospects for stakeholders to invest in micro-markets, as well as a full examination of the competitive landscape which is based on company portfolio, manufacturing capabilities, major developments, and geographical reach.

For the record, neurological issues are mostly found among the elderly population, particularly those aged 55 and above. This age group is mostly linked to negative health outcomes, including high mortality rates, institutionalization, disabilities, and hospitalization, which in turn has augmented the demand for wearable EEG devices across the globe.

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However, high costs of these devices are likely to be a major obstacle to the overall market development.

Outlining the market segmentations

Based on channel type, the market is bifurcated into multichannels, 5 channel type, 12 channel type, 32 channel type, and others.

Moving on to the applications landscape, the market is segmented into AR / VR gaming settings, medical settings, and others.

With regards to end-user terrain, global wearable brain devices market sphere is categorized into athletes & military personnel, intensive care units, research academics, diagnostic centers, neurology centers, assisted living facilities, homecare settings, transportation & construction, ambulatory surgical centers, and hospitals & clinicsS.

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Regional outlook

The increased prevalence of Parkinson’s illness and epilepsy can be blamed for the increase in demand for minimally invasive procedures. Technological improvements have also aided the region’s Application market expansion. As a result, throughout the projection period, North America is likely to dominate the entire regional market. Increased healthcare spending in North America may also attract new and existing rivals.

Asia Pacific is predicted to have the highest CAGR throughout the projection period due to the availability of required healthcare insurance, technological developments, and higher healthcare expenditure. Two of the Asia Pacific region’s growing economies include Singapore and South Korea.

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Global Wearable Brain Devices Channel Type (Revenue, USD Billion, 2018-2028)

  • Multichannels

  • 5-Channel Type

  • 12-Channel Type

  • Others

Global Wearable Brain Devices Application Spectrum (Revenue, USD Billion, 2018-2028)

  • AR / VR Gaming Settings

  • Medical Setting

  • Others

Global Wearable Brain Devices Market End-user Analysis (Revenue, USD Billion, 2018-2028)

  • Athletes and Military Personnel

  • Assisted Living Facilities

  • Intensive Care Units

  • Homecare Settings

  • Research and Academics

  • Transportation and Construction

  • Diagnostic Centers

  • Ambulatory Surgery Centers (ACs)

  • Neurology Centers

  • Hospitals & Clinics

  • Others

Global Wearable Brain Devices Market Regional Contribution (Revenue, USD Billion, 2018-2028)

North America

Europe

  • UK

  • Germany

  • France

  • Spain

  • Italy

Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • South Korea

  • Rest of the Asia Pacific

Latin America

Rest of the World

Global Wearable Brain Devices Market Competition Dashboard (Revenue, USD Billion, 2018-2028)

Table of Content:

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)

1.2.1. Wearable Brain Devices Market, by Region, 2020-2028 (USD Billion)

1.2.2. Wearable Brain Devices Market, by Channel Type, 2020-2028 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Wearable Brain Devices Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Wearable Brain Devices Market Dynamics

3.1. Wearable Brain Devices Market Impact Analysis (2020-2028)

3.1.1. Market Drivers

3.1.1.1. Increasing prevalence of chronic diseases such as Migraine & Epilepsy

3.1.1.2. External funding for research and development activities

3.1.2. Market Challenges

3.1.2.1. High cost of devices

3.1.3. Market Opportunities

3.1.3.1. Technological advancements in wearable devices

Chapter 4. Global Wearable Brain Devices Market Industry Analysis

4.1. Porter’s 5 Force Model

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & 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 & Forecasts by Channel Type2018-2028 (USD Billion)

6.4. Wearable Brain Devices Market, Sub 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. Multichannels

6.4.6. Others

Chapter 7. Global Wearable Brain Devices Market, by Application

7.1. Market Snapshot

7.2. Global Wearable Brain Devices Market by Application, Performance – Potential Analysis

7.3. Global Wearable Brain Devices Market Estimates & Forecasts by Application 2018-2028 (USD Billion)

7.4. Wearable Brain Devices Market, Sub Segment Analysis

7.4.1. Medical Setting

7.4.2. AR / VR Gaming Settings

7.4.3. Others

Chapter 8. Global Wearable Brain Devices Market, by End-use

8.1. Market Snapshot

8.2. Global Wearable Brain Devices Market by End-use, Performance – Potential Analysis

8.3. Global Wearable Brain Devices Market Estimates & Forecasts by End-use2018-2028 (USD Billion)

8.4. Wearable Brain Devices Market, Sub Segment Analysis

8.4.1. Hospitals & Clinics

8.4.2. Neurology Centers

8.4.3. Ambulatory Surgery Centers (ASCs)

8.4.4. Diagnostic Centers

8.4.5. Transportation and Construction

8.4.6. Research and Academics

Chapter 9. Global Wearable Brain Devices Market, Regional Analysis

Related Report:

Neurotech Devices Market Size, Industry Analysis Report, Regional Outlook, COVID-19 Impact Analysis, Growth Potential, Competitive Market Share & Forecast, 2022 – 2030

The global neurotech devices market is slated to expand at a substantial rate through 2030 owing to mounting cases of Parkinson’s disease among the geriatric population. Additionally, growing adoption of advanced technologies in healthcare is likely to further augment industry growth over the forecast time period. From the regional standpoint, the Latin America neurotech devices market accounted for around 3.9% of overall industry revenue in 2021 and is speculated to grow at a sturdy rate between 2022 and 2030. The growth of the market is driven by surging cases of neurological disorders across various LATAM nations.

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