As per BIS research, wireless brain sensors are the type of systems that detect and measure chemical and physical data of the brain by measuring the temperature and intracranial pressure within the skull of the patient suffering from various neurological disorders, including traumatic brain injuries, dementia, Parkinson’s disease, epilepsy, sleep disorders, and migraine, among others, via Bluetooth or wireless connection.
The wireless brain sensors market was estimated at $144.6 million in 2019 and is expected to grow at a CAGR of 10.53% during the forecast period from 2021 to 2030. The global wireless brain sensors market is driven by the use of products for the diagnosis of neurological and sleep disorders, the growing geriatric population, and increasing technological advancements for diagnostic devices, and increasing adoption of advanced sensors for neurology conditions. However, the market is negatively impacted by the financial burden of product recalls, increasing regulatory scrutiny, and the high cost of equipment.
Key Findings and Opportunity Assessment
Key Findings
- The global wireless brain sensors market is witnessing considerable technological advancements owing to the entry of various emerging companies into the global market.
- Many companies are collaborating with government organizations and private investors to have significant funding for the development and commercialization of technically advanced wireless brain sensors products across different regions of the world.
Some of the other key developments accomplished in the global wireless brain sensors market in the recent past include:
- In January 2020, EMOTIV introduced the EMOTIV Insight headset that reads brainwaves which helps in noggin training.
- In December 2020, Brain Scientific Inc. introduced the next-generation disposable EEG cap, i.e., NeuroCap, to be used by the pediatricians to monitor the EEG across the U.S.
- In January 2020, the company introduced Muse S, a multi-sensor fabric headband that provides real-time feedback on brain activities, heart rate, body movement, and breathing.
Market Dynamics
Growing incidence of neurological disorders, use of wireless brain sensors for the diagnosis of sleep disorders, increasing applications of advanced sensors in neurological devices, and surge in the geriatric population are the major factors driving the growth of the market at a rapid pace.
However, there are significant challenges that tend to limit the growth of the wireless brain sensors market. Prominent challenges include the risk of product recalls, high cost of devices, and stringent regulatory bodies.
Market Drivers
Growing Prevalence of Neurological Disorders
The growing prevalence of neurological disorders is one of the major factors augmenting the wireless brain sensors market. Cases of neurological disorders such as meningitis, stroke, encephalitis, traumatic brain injury, Alzheimer’s disease, spinal cord injury, Parkinson’s disease, multiple sclerosis, migraine, headache, and dementia are continuously rising in today's world.
Market Restraints
Stringent Regulatory Policies
The development of wireless brain sensors follows crucial steps and processes. This process differs from the manufacturer country regulations, the adoption rate of the country, and the pricing of devices in various regions. The use of high-resolution wireless brain sensors poses new challenges in achieving a good quality of the collected cerebral EEG activity, due to which the regulations on the wireless brain sensors market have increased. It has led to various challenges with regard to the entry of products into the major U.S. and European markets, as well as into the emerging markets.
Market Opportunities
Technological Advancements in Wireless Brain Sensors Market
The technological advancements in the wireless brain sensors landscape have propelled the entry of various start-ups as well as major technology companies such as Alphabet, Inc. Further, the technological advancements in wireless brain sensors include the development of portable/handheld and wearables for alternative standalone EEG systems. Various companies such as Advanced Brain Monitoring, Inc., Brain Products GmbH, BrainScope, Zeto, Inc., and Hancock Medical, Inc. have developed wearable wireless brain sensors for various applications including sleep disorder, traumatic brain injury, dementia, and epilepsy, among others. However, Cadwell Industries, Inc. and Compumedics Limited, among others, offer portable/handheld wireless brain sensors devices.
• Impact of COVID-19
This section of the report encompasses the following:
o Short-, Mid-, and Long-Term Impact on Wireless Brain Sensors Market
o Regional Impact of COVID-19 Industry
o Entry Barriers and Opportunities for the Companies in Global Wireless Brain Sensors Market
Key Companies in the Global Wireless Brain Sensor Market
Some of the key players contributing to the global wireless brain sensors market include Compumedics Limited, Wearable Sensing, Medtronic Plc, Natus Medical Incorporated, Brain Scientific, Inc, and Nihon Kohden Corporation, EMOTIV, Advanced Brain Monitoring, Inc, Brain Products GmbH, NeuroSky, Neuroelectrics, Cadwell Industries, Inc, Jordan Neuroscience, Inc, BrainScope Company, Inc, and Muse.
Key Questions Answered in this Report:
• How has COVID-19 impacted the global wireless brain sensors market?
• What are the key regulations for the development, commercialization, and adoption of wireless brain sensors?
• Which are the leading players that currently hold significant dominance in the global wireless brain sensors market?
• What are the key strategies incorporated by the players of the global wireless brain sensors market to sustain the competition and retain their supremacy?
• What is the patent landscape of the wireless brain sensors market?
• What are the key technological developments on which the current industry leaders are spending their major share of research and development (R&D) investment?
• What is the current market potential of wireless brain sensors, and what factors decide the growth potential of wireless brain sensors for the forecast period?
• What is the current revenue contribution of different products, and how would it evolve in the forecast period?
• Which application contributes to the highest CAGR (%) in the global wireless brain sensors market?
• How does the end-user perception impact the growth of the global wireless brain sensors market?
• Which countries contribute to a major share of the current demand, and which countries hold significant scope for expansion for business activities by players of the global wireless brain sensors market?
• What are the drivers, restraints, and opportunities in the global wireless brain sensors market?
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In addition, the report provides:
• A detailed analysis and growth forecast (2021-2030) for different market segments
• Recent developments and trends in the global market landscape
• Factors promoting and inhibiting the market growth
• Case studies to assess the delivery models and strategies adopted by some of the highly funded players in the market
BIS Related Studies
Global Neurostimulation Devices Market
Global Emerging Sleep Apnea Devices and Platforms Market
The Wireless Sensors Market report is a comprehensive analysis of the Wireless Sensors Market in terms of various parameters such as production, consumption, volume, revenue, compound annual growth rate, and projections of the Wireless Sensors Market for the forecast period of YEAR – YEAR.This report presents the forecast for Wireless Sensor Devices for 2016 through 2021 based on estimated volume and manufacturers’ total revenues.
These forecasts are further broken down by the various parameters that can be measured by the sensors, end applications and region..Ask for Sample Pages of Report @ http://orbisresearch.com/contacts/request-sample/2094111The Wireless Sensors Market report contains data from previous half a decade that helps develop the timeline for the performance of the Wireless Sensors Market and further helps understand the various factors that have the tendency to influence the flow of the Wireless Sensors Market.
The key trends, drivers, opportunities, prospects, and challenges in the Wireless Sensors Market are listed in the report with substantial elucidation, helping the customer gain an advantage over the competition.Wireless Sensors Market Report Includes:An overview of the global markets for wireless sensors and related applications of this technology.Analyses of global market trends, with data from 2015, 2016, and projections of compound annual growth rates (CAGRs) through 2021.Information on parameters that can be measured by wireless sensor devices including temperature, pressure level, flow, chemical composition, biological characteristics, motion and position, surveillance and image, and humidity.Analyses of end vertical applications including industrial installations, ecology and agriculture, logistics and transport, defense and surveillance, medicine, residential, automation, and energy management.Detailed coverage of technologies involved in the field including Bluetooth, radio frequency (RF) identification (RFID), Wi-Fi + IPv6 over low-power, wireless PANs (6LoWPAN), ZigBee + RF for consumer electronics (RF4CE), domain-specific as well as proprietary technologies.Company profiles of major players in the industry.The competition in the Wireless Sensors Market is high as the report covers the top players in the Wireless Sensors Market with a detailed company profile, products, and market performance.
The customer can hence be better prepared in tackling with the competition and having the upper hand when expanding into the Wireless Sensors Market.Major players covered in the Wireless Sensors Market report are as follows:ABBADAPTIVENERGYAPPRIONARM MBEDARUBA NETWORKSATMELBAE SYSTEMSBPCHEVRONCONTROL DATA SYSTEMS SRLCSRCYMBETDIGIECS GROUP (SPINWAVE)ELTAVEMERSONENDRESS+HAUSERENOCEANFlowserveGASTRONICSGREENPEAKINTEGRATED DEVICE TECHNOLOGYITRONJASCOKCFLEVITONLINEAR TECHNOLOGYLORD MICROSTRAINMICROPELTMICROSEMINIVISNORDIC SEMICONDUCTORSNXPPEPPERL+FUCHSPERMASENSEPERPETUA POWER SOURCEPOWERCASTRENESASSIEMENSSIGMA DESIGNSSILICON LABSJUDE MEDICALTEXAS INSTRUMENTSTHERMOKON SENSORTECHNIKWireless Sensor OfferingsYOKOGAWAZENO CONTROLSCovered Wireless Technologies and standards include: - Bluetooth and Bluetooth Smart.
- Other 802.15.4-based technologies (e.g., EnOcean, Z-Wave, WirelessHART, ISA100.11a).Make an Enquiry @ http://orbisresearch.com/contacts/enquiry-before-buying/2094111The report covers the following parameters that can be measured by Wireless Sensor Devices:Chemical composition.Biological characteristics.Motion and position.Surveillance and image.The end-vertical application breakdown includes:Industrial installations.Energy infrastructure.Ecology and agriculture.Logistics and transport.Defense and surveillance.Home automation and other indoor applications.The Wireless Sensors Market report provides the customer key insights into the import and export of the Wireless Sensors Market, along with the cost analysis, industrial chain and downstream buyers, and marketing channels analysis.
Moreover, customers interested in the Wireless Sensors Market report from an academic perspective can also greatly benefit with the information available in the report.Browse Full Report @ http://orbisresearch.com/reports/index/wireless-sensors-technologies-and-global-marketsAbout Us:Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements.
Global Wireless IoT Sensors Market Research Report: By Type (Temperature Sensor, Pressure Sensor, Humidity Sensor, Flow Sensors, Magnetosensors, Motion Sensors and others), by Technology (Wi-Fi, Bluetooth, NFC, Zigbee, EnOcean and others), by Application (Consumer Electronics, Appliances, Agriculture, Industrial Automation, Transportation, Healthcare and others), by Region (North America, Europe, Asia-Pacific and Rest of the World) — Forecast till 2025Market HighlightsThe Global Wireless IoT Sensors Market size is expected to grow from USD 3,399.35 million in 2018 to USD 13,098.40 Million by 2025, at a CAGR of 30.97% during the forecast period.
Factors such as increasing demand for IoT devices, growing need for real-time computing for IoT applications, rise in internet penetration rate globally, and reduced size and cost of IoT sensors drive the demand for wireless IoT sensors across the globe.On the basis of type, the market has been segmented into temperature sensor, pressure sensor, humidity sensor, flow sensors, magnetosensors, motion sensors, and others.
The pressure sensor segment dominated the market in 2018, whereas the motion sensor segment is expected to register the highest CAGR during the forecast period from 2019 to 2025.For free sample report: https://www.marketresearchfuture.com/sample_request/8269On the basis of technology, the market has been segmented into Wi-Fi, Bluetooth, NFC, ZigBee, EnOcean, and others.
The Wi-Fi segment dominated the market in 2018, whereas the ZigBee segment is expected to register the highest CAGR during the forecast period from 2019 to 2025.Wireless IoT Sensors MarketOn the basis of application, the market has been segmented into consumer electronics, appliances, agriculture, industrial automation, transportation, healthcare, and others.
The industrial automation segment is expected to dominate the review period.
The consumer electronics segment is expected to register the highest CAGR during the forecast period.Key PlayersThe key players profiled in the global wireless IoT sensors industry research report are NXP Semiconductors N.V. (Netherland), Analog Devices, Inc. (US), Sensirion AG (Switzerland), Texas Instruments Inc. (US), Infineon Technologies AG (Germany), Sensata Technologies (US), Siemens AG (Germany), Honeywell International Inc. (US), TE Connectivity Ltd. (Switzerland), TDK Corporation (Japan), Broadcom Inc. (US), Murata Manufacturing (Japan), Bosch Sensortec (Germany), STMicroelectronics (Switzerland), and Omron Corporation (Japan).Regional AnalysisThe North American market has been segmented into the US, Canada, and Mexico.
