Global Portable Brain Scanner Market: Introduction
Portable brain scanners are used to measure the electric activity in the brain. These scanners have mini sensors that can be attached to the scalp by using a 3D-printed helmet. The entire portable brain scanner system weighs less than 1 kilogram. Portable brain scanners provide various advantages such as rise in the safety and speed of imaging in emergency neurologic cases. They decrease the personal cost and they are easy to carry.
Global Portable Brain Scanner Market: Competition Landscape
Key players operating in the global portable brain scanner market are EMOTIV, OBELAB Inc., Advanced Brain Monitoring, Inc., EMvision Medical Devices, Brain Products GmbH, NeuroSky, Inc., and OpenBCI. The market for portable brain scanners is much consolidated with the presence of less number of manufacturers. Increase in strategic collaborations and new product launches are expected to drive the global portable brain scanner market during the forecast period.
EMOTIV is a U.S.-based privately held company. The company develops wearable electroencephalography products that include mobile apps, software, and neuroheadsets. The company developed a high-resolution electroencephalogram called Emotive Insight in August, 2017. This wireless next-generation brain scanner is faster. Emotive Insight collects real-time data and the data is directly delivered to the smartphone and the computer.
Identify the key factors that will drive your company’s growth. Request a brochure of this report here
OBELAB Inc. is a privately held company established in 2013. The company develops functional brain imaging systems by using the functional near-infrared spectroscopy (fNIRS) technology. NIRSIT is the brain imaging system manufactured by OBELAB. The device measures the level of hemoglobin in the blood at the prefrontal cortex region.
Global Portable Brain Scanner Market: Dynamics
The global portable brain scanner market is driven by various factors at the regional, national, and global levels. Growing elderly population and increasing incidence of brain disorders are major factors driving the global market. Moreover, increase in the investment by public and private sectors for the advancement of health care and surge in technological innovations are projected to propel the global market during the forecast period. Furthermore, existing market players are deploying advanced techniques and strategies to develop innovative processes for production of technologically enhanced devices such as portable brain scanners. This is anticipated to propel the demand for portable brain scanners for use in the diagnosis of diseases during the forecast period. However, low awareness among people, especially in developing regions, and lack of skilled professionals are likely to restrain the global portable brain scanner market during the forecast period.
Increase in Elderly Population Driving the Global Portable Brain Scanner Market
Aging is associated with a large number of diseases and disorders. A majority of elderly people suffer from neurologic disorders. According to the Administration for Community Living, geriatric population (people aged 65 years or above) in the U.S. stood at 46.2 million in 2014. Thus, increase in elderly population is likely to drive the global portable brain scanner market during the forecast period.
Expanding operations in future? To get the perfect launch ask for a custom report here
Opportunity in Developing Regions
Developing regions such as Asia Pacific and Latin America are likely to be highly lucrative markets for portable brain scanners in the near future. The market in these regions is projected to expand rapidly during the forecast period, owing to large population base, increase in the number of hospitals, and rise in government investments for the advancement of health care in these regions. ‘
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
USA – Canada Toll Free: 866-552-3453
This post was originally published on The Market Plan