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.
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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.
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.
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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.
Global Portable Brain Scanner Market: Segmentation
Based on application, the global portable brain scanner market can be segmented into:
- Parkinson’s Disease
- Traumatic Brain Injury
- Alzheimer's Disease
- Headache Disorders
Based on end-user, the global portable brain scanner market can be divided into:
- Neurologic Centers & Research Institutions
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
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- Latin America
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Below is a snapshot of these quadrants.
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
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7. Which government regulations might challenge the status of key regional markets?
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