Global Wireless Brain Sensors Market to Observe Widespread Growth with Growing Demand for Wireless Brain Sensor Devices

Wearable electronic devices have gained tremendous popularity over the past few decades. The minimal level of user discomfort offered by these wearable sensors is one of their main advantages, but another crucial feature is that they provide continuous detection of biological signals from the user's body. In addition, wireless sensors free the user from being bound by a cord that connects the sensor to the analyser, allowing them to engage in a variety of daily activities. One such amazing wireless sensor technology device is a wireless brain sensor.

Wireless brain sensors are tools that can measure the pressure inside the brain, the temperature and pH of the brain, and the activity of the brain in the form of "brain waves," which are electrical impulses within the brain. External wireless sensors can be used to monitor brain activity patterns to aid in the diagnosis, investigation, and treatment of diseases linked to brain dysfunction. Neuronal interfaces called brain-computer interfaces (BCI) allow the continuous monitoring of the brain’s electrical activity throughout the day and wireless transmission of the data from the brain to external analysis devices. The global wireless brain sensors market is expanding at a rapid pace due to ongoing research & developments and investments in wireless brain sensors.

Newest Insights in the Wireless Brain Sensors Market

Numerous people with illnesses like Parkinson's disease, sleep difficulties, traumatic brain injury, dementia, and other brain-related ailments have benefited from recent advancements in the field of wireless brain sensors. As per a report by Research Dive, the global wireless brain sensors market is expected to surpass a revenue of $1,566.7 million in the 2022-2031 timeframe. The North America wireless brain sensors market is expected to perceive foremost and dominant growth in the years to come. This is because the region has a gigantic demand for wireless brain sensors owing to the growing number of patients with neurological disorders in the region.

How are Market Players Responding to the Rising Demand for Wireless Brain Sensors?

Market players are greatly investing in pioneering research and inventions to cater for the rising demand for wireless brain sensor devices. Some of the foremost players in the wireless brain sensors market are Medtronic, Natus Medical Incorporated, NeuroWave Systems Inc., NeuroSky, EMOTIV, Koninklijke Philips N.V., Muse, Cadwell Industries, Inc., Advanced Brain Monitoring, Inc., BrainScope, and others. These players are focused on planning and devising tactics such as mergers and acquisitions, collaborations, novel advances, and partnerships to reach a notable position in the global market.

For instance,

• In December 2020, NextMind, a neurotechnology startup, announced that it has begun the delivery of its Development Kit for the world’s first real-time brain-sensing wearable device, which enables users to take control of their digital world just by using their thoughts.
• In December 2021, iMediSync, a foremost AI-based early detection & therapeutic platform provider for optimum brain health from Seoul, South Korea, announced that it will unveil its all-inclusive EEG solution, which can perform brain mental health screening and predictive analysis of prospective mental disorders in merely 10 minutes.
• In November 2022, EMOTIV, a bioinformatics firm focused on improving the understanding of the human brain using electroencephalography (EEG), partnered with X-trodes, a firm focused on making wireless medical-grade monitoring solutions. The partnership aims to pair X-trodes' wearable sensing technology with EMOTIV's EmotivPRO, an EEG data platform for neuroscience research.

COVID-19 Impact on the Global Wireless Brain Sensors Market

The unpredicted rise of the coronavirus pandemic in 2020 has adversely impacted the global wireless brain sensors market. During the pandemic period, a dearth of skilled professionals, the shutdown of production facilities, and a shortage of raw materials greatly affected the production and sales of wireless brain sensor devices. This resulted in a drastic decline in the global market growth during the pandemic. However, with the relaxation of the pandemic since the end of 2021, many medical device makers got back on track and came up with advanced medical device solutions to cater for the rising demand, which is projected to drive the growth of the wireless brain sensors market in the forthcoming years.