How Escalating Cases of Neurological Disorder is Accelerating the Wireless Brain Sensors Market Growth
The Global Wireless Brain Sensors market is predicted to grow at an
astronomical rate. The growth of the market is attributed to the upsurge
in the number of road causalities, an extensive investment made by the
companies in R&D and escalating cases of neurological disorder.
Moreover, technological advancement in wireless sensors by the market
player to increase customer-base for the product, boost in geriatric
populace, along with increasing innovation in wireless brain sensor
device and growing awareness among people regarding neurological disease
projected to strongly contribute to the growth of the global wireless brain sensors market in the forecast period.
North
America acquired the largest market share in 2019. The U.S. dominated
the North America region owing to snowballing penetration of
smartphones, connected to access wireless brain sensor from a remote
area, high prevalence of TBI, Alzheimer's, along with strong presence of
giant key players and surging investment in R&D for technological
advancement.
Europe accounted for a
substantial market share owing to a burgeoning demand for wireless
sensor due to a rise in stress and anxiety level among people leading to
a sleep disorder, a rise in sports injuries, and rapid advancement in
sensor technologies.
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Based on End-User, the market is bifurcated into Research institutes, Multi-specialty Hospitals, Diagnostic Centers, Others. Multi-speciality hospitals acquired the highest market share owing to the growing popularity of multi-speciality hospitality, boost in the government spending in healthcare infrastructure development and, burgeoning incidences of neurological disorders such as Parkinson's disease, TBI.
The major leading players in the global Wireless Brain Sensors market are EMOTIV INC., Muse, Advanced Brain Monitoring, INC., NeuroSky, NeuroElectrics, Neuronetrix Solutions, LLC (COGNITION), etc.
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