Wireless Brain Sensors Market by Device Type, Socket Type, and Application - Global Industry Analysis and Forecast to 2025

Report Code : HC06161

Wireless brain sensor is an emerging technology. Wireless brain sensors are the devices which monitor intracranial pressure and temperature. Wireless brain sensors can be used during operations to decrease the pressure in the brain. Wireless brain sensors can be used in medical field for detection and diagnosis of tumors, dyslexia, brain and sleep disorders. They can be used in rehabilitation and restoration of an individual who has encountered serious events such as stroke. They can also be used in detection of Parkinson’s disease, epilepsy, and Huntington's disease. In Parkinson’s disease, monitoring of motor fluctuations will help in managing the condition of the patient. In Huntington’s disease, wireless brain sensors can be used to measure motor impairment. This can be achieved with the help of wireless brain sensors to collect objective information about a patient's motor symptoms.  Due to advances in brain interface technology there have been improvements in wireless brain sensors also. For instance, in November 2016, researchers implanted a wireless device into a paralyzed monkey's brain. With the help of this device they restored movement of the monkey and helped the monkey walk again. In wireless brain sensors, the electrical activity of the brain can be recorded with the help of electroencephalography. Wireless brain sensors can be used to monitor patients who suffer from traumatic brain injury. They can also be used to detect physiological properties of brain and neuronal activities after traumatic brain injury. Through wireless brain sensors large amount of brain data is wirelessly and continuously streamed.

The major factor that drives the wireless brain sensors market is the increase in prevalence of neurological disorders. For instance, according to WHO, in 2014, 20% of the total children and adolescents in the world were suffering from mental disorders or problems. Furthermore, increase in the prevalence of Alzheimer disease and epilepsy will also fuel the growth of this market. For instance, according to Alzheimer’s Association, in 2016, in U.S., more than 5 million people are living with Alzheimer disease and this number is expected to reach up to 16 million by 2050. It also states that 5.5 million Americans are living with Alzheimer's dementia and every 60 seconds someone in U.S. develops Alzheimer disease. Additionally, according to WHO, in 2016, worldwide, around 50 million people were having epilepsy.  However, strict regulatory requirements will hamper the growth of wireless brain sensors market.

The key strategy followed by the major players in the market is product launch to gain more share. For instance, in December 2014, Blackrock Microsystems, LLC launches wireless brain research system. With the launch of wireless brain research system, Blackrock Microsystems, LLC will gain more market share.

The major players in the wireless brain sensors market are NeuroSky, Inc., InteraXon Inc., Advanced Brain Monitoring, Inc., and Emotiv Inc.

Wireless Brain Sensors Market Segmentation:

By Product Type:

  • Sleep Monitoring Devices
  • Electroencephalography (EEG) Devices
  • Accessories
  • Chips
  • Electrodes

By Application:

  • Sleep Disorders
  • Epilepsy
  • Traumatic Brain Injuries
  • Huntington's Disease
  • Parkinson’s Disease
  • Stroke
  • Migraine

By End User:

  • Diagnostic Centers
  • Neurology Hospitals
  • Research Institutes
  • Others

By Region:

  • North America
  • U.S
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • Australia
  • India
  • South Korea
  • Rest of Asia-Pacific
  • Rest of the World
  • Brazil
  • South Africa
  • Saudi Arabia
  • Turkey
  • United Arab Emirates
  • Others

Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

Data Collection Matrix

Data Collection Matrix

Supply Side

Demand Side

Primary Data Sources

  • Manufacturers
  • Distributors & Wholesalers
  • GPOs
  • Physicians/Specialist
  • Healthcare Providers
  • Consumers

Secondary Data Sources

  • Annual Reports/SEC Filings/ Investor Presentations/ Press Releases
  • Government/Associations Publications
  • Case Studies
  • Reference Customers

 

Market Modeling and Forecasting

We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.

  • Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
  • Number of patients for particular device or medical procedure and
  • Repeated use of particular device depending on health and condition of patient
  • Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.

We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.

Data Validation

We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.

Data Triangulation

Industry Analysis

Qualitative Data

Quantitative Data (2017-2025)

  • Market Dynamics (Drivers, Restraints, and Challenges)
  • Industry Trend Analysis
  • Market Opportunities
  • Government Policies and Regulations, Patent Analysis, and Reimbursement Policies
  • Porter’s Five Forces and PESTLE Analysis
  • Key Developments and Competitive Landscape
  • Market Assessment and Forecast
  • Market Assessment and Forecast, By Product
  • Market Assessment and Forecast, By Technology
  • Market Assessment and Forecast, By Application
  • Market Assessment and Forecast, By End User
  • Market Assessment and Forecast, By Region/Country

Licesnces Type

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