Portable Epilepsy Monitoring Market
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Portable Epilepsy Monitoring Market- (By Product Type (Device Type (Chest Sensor, Watch Sensor, Monitors, Cameras, Mattresses and Pillows, and Others) and Service), By End User (Hospitals, Ambulatory Surgery Centres & Clinics, Neurology Centres, and Home Care Settings)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031.”
According to the latest research by InsightAce Analytic, the Global Portable Epilepsy Monitoring Market is expected to grow with a CAGR of 7.15% during the forecast period of 2023-2031.
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Epilepsy monitoring devices are technological instruments that are specifically engineered to monitor and document physiological data about convulsions experienced by individuals diagnosed with epilepsy. These devices are of utmost importance in the surveillance and control of the condition, furnishing healthcare professionals and patients with vital data.
The market is witnessing growth due to several key factors, such as a rise in the incidence and prevalence of seizures, a growing demand for mobile healthcare and wearables, a preference for continuous monitoring, and increased awareness of neurodegenerative diseases, particularly epileptic seizures. This expansion is further propelled by the capability of these devices to enable patients to lead normal lives while under constant physiological monitoring. Additionally, rising healthcare costs and recent technological advancements in small bio-sensing devices contribute to market growth. Other elements expected to drive market expansion in the forecast period include advancements in surgical production techniques, the increased utilization of effective medical therapies in developed countries and the growing occurrence of neurological conditions.
Moreover, in high-income nations, factors such as the heightened risk of widespread infectious diseases like malaria and neurocysticercosis, a rise in traffic-related injuries and variability in healthcare technology, and the availability of preventive health programs and accessible treatments all contribute to market growth. However, there are also challenges to market growth, including issues like product recall and regulatory cost caps in certain emerging markets.
List of Prominent Players in the Portable Epilepsy Monitoring Market:
• Silicon Lab,
• Epilert,
• Murata Vios,
• Seer Medical,
• Telecare24 Ltd (Epilepsy Alarms UK),
• Divoti,
• Epi USA,
• SAMi,
• Breathe-zy,
• Bay Alarm Medical,
• Natus Medical, Inc. (US)
• Compumedics Limited (Australia)
• Empatica, Inc. (US)
• The Magstim Co. Ltd. (UK)
• Nihon Kohden Corporation (Japan)
• Medtronic Plc (Ireland)
• Masimo Corporation (US)
• Boston Scientific Corporation (US)
• Drägerwerk AG & Co. KGaA (Germany)
• mjn Neuroserveis S.L. (Spain)
• Abbott Laboratories, Inc. (US)
• LivAssured B.V. (Netherlands)
• BioSerenity (France)
• Aleva Neurotherapeutics (Switzerland)
• Medpage, Ltd. (UK)
• Neurosoft (Russia)
• Advanced Brain Monitoring (US)
• Lifelines Neuro Company, LLC (US)
• Mitsar Co., Ltd. (Russia)
• Rimed (US)
• Emotiv (US)
• CGX (A Cognionics Company) (US)
• Mindray Medical International Ltd. (China)
• Cadwell Industries, Inc. (US)
• NeuroWave Systems, Inc. (US)
• MC10, Inc. (US).
• others.
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Market Dynamics:
Drivers-
The market is showing tremendous growth due to a surge in research and development endeavours and a firmly established healthcare infrastructure within the region. With a notable prevalence of epilepsy and the accessibility of state-of-the-art medical technologies, the market is poised to lead the market’s expansion. The increasing focus on improving the healthcare infrastructure within the region and the growing awareness of the benefits of monitoring devices are fueling the market’s growth. Nevertheless, the increasing prevalence of neurological conditions, a rapidly growing awareness of the benefits of early detection and treatment, and ongoing technological advancements in epilepsy monitoring devices remain significant drivers of market revenue growth.
Challenges:
Navigating reimbursement processes and securing adequate compensation for both patients and healthcare providers can be an obstacle to widespread adoption. Moreover, managing the vast amount of data generated by these devices and extracting meaningful insights without overwhelming healthcare providers is a significant challenge. Prolonged battery life is crucial for portable devices, and increasing battery efficiency while maintaining device functionality can be challenging. Meeting regulatory requirements and obtaining necessary approvals for portable monitoring devices can be a significant challenge, often leading to delays in product launches.
Regional Trends:
The North American portable epilepsy monitoring market is expected to register a major market share. Robust healthcare infrastructure in the region is contributing to the market’s growth. With significant players and the widespread incorporation of advanced medical technologies, the United States is expected to be a key driver of North America’s market expansion. Besides, the Asia Pacific region had a tremendous share in the market, and Japan has made substantial investments in its healthcare and medical infrastructure, aiming to overhaul its existing healthcare systems. Across the Asia Pacific region, there is a rising awareness of epilepsy, contributing to the market’s growth. Additionally, factors such as increasing disposable income, a wider acceptance of therapy options, and heightened healthcare awareness are driving the market’s expansion in the region. Furthermore, the region is experiencing a noteworthy surge in medical tourism, which is playing a role in the regional market’s growth.
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Recent Developments:
• In Jan 2021, Medtronic introduced the Medtronic Brain Sensor, a minimally invasive implantable device to monitor brain activity in individuals with epilepsy. This innovative device is placed under the scalp and serves the purpose of identifying the origin of seizures in patients experiencing drug-resistant epilepsy.
Segmentation of Portable Epilepsy Monitoring Market-
By Product Type
• Device Type
o Chest Sensor,
o Watch Sensor,
o Monitors,
o Cameras,
o Mattresses and Pillows,
o Others
• Service
By End User
• Hospitals,
• Ambulatory Surgery Centres & Clinics,
• Neurology Centres,
• Home Care Settings)
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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This release was published on openPR.
