Wireless Brain Sensors Market is Expected to Grow at a CAGR of 10.30% by 2029

The comprehensive industry research on the “Wireless Brain Sensors Market” published by Data Bridge Market research includes growth analysis, regional marketing, challenges, opportunities, and drivers analyzed in the report.

Data Bridge Market Research analyses that the wireless brain sensors market is expected to grow at a CAGR of 10.30% during the forecast period of 2022 to 2029. Electroencephalography (EEG) devices segment is estimated to hold the largest share of wireless brain sensors market. The brain’s electrical activity can be recorded using EEG sensors. The signals are digitalized and amplified before being transferred to a mobile device or computer for processing and storage.

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Market Analysis and Size

In recent years, the number of road accidents are increasing along with the surging prevalence rate of brain related disorders. These factors are resulting in the high demand of wireless brain sensors in market. Brain sensors have been evolving as a result of significant technological advancements in brain-computer interfaces. Wireless communication allows the sensors to be accessed from a distance.

Market Definition

The intracranial pressure and temperature of individuals with severe traumatic brain injuries are monitored using wireless brain sensors. Wireless brain sensors include electroencephalography devices, sleep monitoring devices, transcranial Doppler devices and others. These sensors aid in the monitoring of neurological changes and the enhancement of cognitive abilities. These sensors are wireless and may be accessed via wireless networking with the use of a smartphone, tablet, or computer, making the device more cost-effective.

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COVID-19 Impact on Wireless Brain Sensors Market

Since its emergence in December 2019, the COVID-19 virus has spread to nearly every country on the planet, prompting the World Health Organization (WHO) to declare it a public health emergency. COVID-19’s effects are being felt all over the world, and the wireless brain sensors market is significantly affected. Significant supply chain slowdowns, stock market volatility, decreasing corporate confidence, and rising panic have all been impacted by the COVID-19. As a result, the market for wireless brain sensors impacted negatively.

Recent Development

In May 2021, Morningside Ventures had sponsored USD 17.5 million in a Series A fundraising round for Neuroelectrics, a pioneer in brain stimulation technologies and therapeutics. The funding will be utilized to advance clinical trials in refractory focal epilepsy and at-home treatment of refractory depression, as well as Neuroelectrics’ non-invasive transcranial electrical stimulation therapeutic platform.

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Wireless Brain Sensors Market Regional Analysis/Insights

The wireless brain sensors market is analysed and market size insights and trends are provided by country, product, applications and end-users as referenced above.

The countries covered in the wireless brain sensors market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the wireless brain sensors market because of the well-established healthcare sector and increasing prevalence rate of traumatic brain injuries. Additionally, technological advancement and favourable reimbursement scenario will further propel the market’s growth rate in this region.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the presence of large target population and high investment for research and development in the region.

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