The brain monitoring market is anticipated to see an upsurge in the near future owing to escalating rate of occurrences for brain disorders, sleep disorders, and neurological disorders, according to a report from Research and Markets. Major factors owing to the growth in the brain monitoring market are the rising awareness about neurodegenerative diseases and technological advancements in devices, states the report “Brain Monitoring Market – Forecast (2016-2021).” Conversely, the factors that hamper the evolution of this market are the lack of trained professionals and the high price of these intricate devices.
North America in 2015 held the largest share and is projected to see a major surge in the demand for brain monitoring during the forecast period, attributed mainly due to the growing occurrences of brain disorders in this region. The growth prospect of North America is followed by Europe. Asia will not have the majority share, but is poised to witness the highest growth—accredited to factors such as increasing aging population, availability of low cost labor and skilled man power, increase in disposable incomes, and increasing government emphasis on health care reforms in this region, according to Research and Markets.