Brain Monitoring Devices Market Size

Brain Monitoring Devices Market size was valued at USD 6.1 billion in 2023 and is likely to exceed USD 13.6 billion by the end of 2036, registering over 6.9% CAGR during the forecast period i.e., between 2024-2036. In 2024, the industry size of brain monitoring devices is evaluated at USD 6.5 billion.

The rising cases of traumatic brain injuries worldwide have resulted in high demand for brain monitoring devices. As per an October 2023 report published by the National Library of Medicine (NLM), there were 27.16 million new cases of traumatic brain injury globally in 2019. Brain monitoring devices are critical in checking any abnormalities in brain functions by running diagnostics. The devices can be used to monitor the blood flow in the brain. Diagnostics of brain functions through these devices can help healthcare professionals in predicting strokes, and epilepsy, and successfully diagnose neural conditions.

Manufacturers across the globe are focused on integrating machine learning (ML), artificial intelligence (AI), and cloud documentation to improve the accuracy of brain monitoring devices. For instance, in June 2024, the Food and Drug Administration (FDA) approved Zeto’s adjustable ONE headset that can monitor the electrical activity of the brain. The device has an intuitive LED feedback for adjustments of the electrodes and needs minimal instruction for healthcare professionals to use. Such innovations are conducive to the growth of the global market.