Research and Markets has added the “Brain Monitoring Market – Global Forecast to 2020” report to its offering.
Factors such as the increasing incidence and prevalence of neurological disorders, rising awareness about neurodegenerative diseases, technological advancements in devices, and growing incidence of traumatic brain injuries are driving market growth, the report states. On the other hand, a shortage of trained professionals, the high cost of complex devices, unfavorable reimbursement policies, and concerns regarding the accuracy of diagnostic devices may restrict market growth.
In 2015, North America is expected to dominate the market. The high market share of this region is attributed to rising incidence of various neurodegenerative and sleep disorders, availability of insurance coverage for brain monitoring techniques, presence of strong sales and distribution network of leading neurodiagnostic companies, and government initiatives to support technological advancements in the field of neurosciences.