According to MarkNtel Advisors study the Global Wireless Brain Sensors Market size was valued at around USD 527.5 million in 2023 and is projected to reach around USD 1,013.8 million by 2030.

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Key Findings of the Study: Wireless Brain Sensors market

Global Wireless Brain Sensors Market Driver:

Surge in Cases of Traumatic Brain Injuries (TBIs) Globally –  The rising neurological problems throughout the globe mainly due to rising numbers of traumatic brain injuries from an increasing number of fatal road accidents have been creating demand for wireless brain sensors. For instance, as per research studies, traumatic brain injuries have been a major reason for life losses and disability globally. Also according to WHO, between 20 and 50 million or more people suffer non-fatal neurological injuries leading to disabilities. The individuals suffering from these diseases undergo frequent diagnosis & treatment, supporting the increasing demand in the market. These traumatic brain injuries further potentially result in conditions like Paralysis, Parkinson's and Alzheimer’s, etc., leading to a constant demand for wireless brain sensors for treatment and post-treatment monitoring & therapy purposes. This has resulted in a steady surge in the market size and is expected to be in the same trend during the forecast period as well.

Global Wireless Brain Sensors Market Challenge:

Biocompatibility Issues to Hinder Market Growth & Expansion – Biocompatibility of the sensors with the human body is highly necessary. The implantation of wireless sensors in the human body in many cases has a risk of triggering the immune system and its functioning. The sensors if not compatible with the body often cause inflammation, infection, etc. These issues not only impact the operations of the sensors leading to improper data collection but also the health of a human due to the non-acceptance of a non-compatible element. Such factors limit the adoption of wireless brain sensors amongst patients and thus negatively affect the growth & development of the Global Wireless Brain Sensors Market.

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Scope of the Report and Wireless Brain Sensors Market Segmentation:

By Product

• Electroencephalography (EEG) devices- Market Size & Forecast 2019-2030, USD Million
• Sleep Monitoring Devices-Market Size & Forecast 2019-2030, USD Million
• Magnetoencephalography- Market Size & Forecast (MEG) devices 2019-2030, USD Million
• Transcranial Doppler (TCD) devices- Market Size & Forecast 2019-2030, USD Million
• Intracranial pressure (ICP) monitors- Market Size & Forecast 2019-2030, USD Million
• Others (Deep Brain stimulations, Cognitive Rehabilitation Devices, etc.)- Market Size & Forecast 2019-2030, USD Million

By Application

• Dementia- Market Size & Forecast 2019 - 2030 (USD Million)
• Epilepsy- Market Size & Forecast 2019 - 2030 (USD Million)
• Huntington's Disease- Market Size & Forecast, 2019 - 2030 (USD Million)
• Migraine- Market Size & Forecast 2019 - 2030 (USD Million)
• Stroke- Market Size & Forecast 2019 - 2030 (USD Million)
• Parkinson's Disease- Market Size & Forecast 2019 - 2030 (USD Million)
• Sleep Disorders- Market Size & Forecast 2019 - 2030 (USD Million)
• Traumatic Brain Injuries- Market Size & Forecast 2019 - 2030 (USD Million)
• Others (Multiple sclerosis, Depression, etc.)- Market Size & Forecast 2019 - 2030 (USD Million)

By End-User

• Hospitals- Market Size & Forecast 2019-2030, USD Million
• Research Institutes- Market Size & Forecast 2019-2030, USD Millions
• Diagnostic Centres- Market Size & Forecast 2019-2030, USD Million
• Others (Clinics, Homecare Settings, etc.)- Market Size & Forecast 2019-2030, USD Million

Out of them all, the hospitals segment has held a dominant share of the Global Wireless Brain Sensors Industry.

Wireless Brain Sensors Market Development:

• 2024: Brain Scientific’s EEG monitoring assets of 16 patents were acquired by Aditxt Inc. The portfolio included patents of its flagship products such as NeuroCap and NeuroEEG.
• 2022: InteraXon Inc. (Muse) reported the launch of a new VR software development kit and EEG headband made to be compatible with almost all key VR head-mounted displays.

Geographical Analysis:

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

North America witnessed significant revenue growth in the Global Wireless Brain Sensors Market during 2019-2023.

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