Next-level innovation in portable medical technology has made it possible to study brain function and treat various brain disorders in a more non-invasive manner. As a result, the growing demand for non-invasive, technologically advanced products is poised to foster sustained growth across the wearable brain devices market. Such procedures are preferred by patients since they cause lesser trauma post-procedure. Today, the growing patient preference for non-invasive products is helping to deliver better patient outcomes. Consequently, the rising demand for non-invasive procedures and products has increased the adoption and use of wearable brain devices. These devices can also better analyse brain health and stroke conditions, leading to improved treatment, prevention, and outcomes for those affected by stroke.
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Rising Incidence of Epilepsy to Promote Strong RD, and Innovation in Wearable Brain Devices Market
In recent years, there has been a considerable rise in the use of wearable brain devices to manage epilepsy cases. The incidence of epilepsy has been continually rising around the world. At the same time, global health organisations are spearheading noble initiatives to enhance awareness about this grave neurological disorder. Notably, the prevalence of this disease is expected to be higher in middle and low-income countries. Against this healthcare landscape, medical device manufacturers are strongly focusing on developing advanced and cost-effective solutions to monitor, treat, and diagnose brain conditions. As a result of these developments, the wearable brain sector market is set to witness high-level RD, fruitful MA, and robust product differentiation.
Higher Efficiency of 32-Channel Type Devices Benefits Wearable Brain Devices Market
The adoption of 32-channel technology is anticipated to rapidly grow and drive a significant portion of revenue in the wearable brain devices market. This is owing to the operational advantages of the 32-channel type over others which include 12-Channel, 5-Channel, and 14-channel. The 32-channel type wearable brain device offers higher accuracy, flexibility for communication, and portability for daily use. In the coming years, the use of 32-channel devices to precisely and timely diagnose neurological conditions by measuring electrical activity in the brain is set to augment their demand, particularly in the developed regions of the world. Factors such as ease of use, wide acceptance, and higher efficiency of 32-channel type wearable brain devices are predicted to open lucrative revenue streams in the wearable brain devices sector.
Flourishing Health Tech Industry Enables North America’s Wearable Brain Devices Market to Lead
North America has shown significant potential for RD in medical innovation. Consequently, it is expected to be highly attractive for the wearable brain devices industry. In this region, the foremost growth enablers include the development of new wearables for diagnosing brain conditions, promising healthcare spending, and the presence of health tech companies. These, along with the growing incidence of neurological disorders, are expected to bolster North America’s wearable brain devices sector . Emerging economies across APAC will also register strong growth in their wearable brain devices industry due to the widespread prevalence of neurological disorders.
Major Market Players
The most prominent players in the global wearable brain devices market include BioSerenity Inc., Brain Products, Cadwell Industries Inc., Cognionics Inc., EMOTIV, Kernel, mBrainTrain, Neuroelectrics, and Neurolief.
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