Registering a CAGR of 6.92% over the forecast period, the market value of Biofeedback Measurement Instrument is expected to reach US$ 186.98 billion in the year 2027.
During the forecast period, the rising number of neurological illnesses is expected to drive market growth. Bipolar disorder affected 47.8 million people in 2019, according to the Global Burden of Disease research. In 2019, 25.6 million people were diagnosed with schizophrenia, according to the Global Burden of Disease survey.
Increased instances of neurological illnesses such as depression, anxiety, ADHD, and other dementias are projected to drive growth in the biofeedback measurement instrument market throughout the forecast period. According to the World Alzheimer Report issued by Alzheimer's Disease International (ADI), there were 4.9 million (49.0 percent) new dementia cases in Asia Pacific in 2015, 2.5 million (25.0 percent) in Europe, 1.7 million (18.0 percent) in the Americas, and 0.8 million (8.0 percent) in Africa. Furthermore, according to Parkinson's UK, around 137,000 persons in the United Kingdom were diagnosed with Parkinson's disease in 2015.
The report aspects discussed the profile of the top manufacturers of the global Biofeedback Measurement Instrument market. These aspects include financial status of major companies, trending advancements and entire market scenario. Growth of the report have examined Biofeedback Measurement Instrument Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.
The global Biofeedback Measurement Instrument includes identification and analysis of the various market participants competing in the global market. Prominent competitors include Thought Technology Ltd., ELMIKO, Mind Media, Laborie, Behavioral Medicine Associates, Inc., Neurocare Group Gmbh., Allengers Medical Systems, BrainMaster Technologies, Inc., Quantum World Vision, NCC Medical, Qxsubspace and others.
Oura Ring Expands Beyond Sleep, Launches Meditation Feature
May 22, 2019 – Oura Ring, the most accurate, comfortable, and beautiful wearable available, released a new meditation feature today, Moment. Moment offers on-demand tracking for meditation and other mindfulness practices. Moment uses resting heart rate and heart rate variability (HRV) to track the impact of a session, two data points highly correlated with stress and heart health. Oura Ring users can now see precisely how meditation affects stress levels, sleep, and overall health.
icometrix partners with Siemens Healthineers to help patients with brain disorders with artificial intelligence
February 25th, 2019 – icometrix, the world leader in software solutions using artificial intelligence to extract clinically meaningful data from brain scans, has announced its partnership with Siemens Healthineers, a leading medical technology company. This alliance allows radiologists to get access to the best-in-class icobrain artificial intelligence technology for MRI through the Siemens Healthineers digital marketplace.
Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
By Application, it is segmented into
Because of the high number of neurological diseases cases, North America is likely to dominate the market. Mental health issues affected 9.6% of males and 12.7% of females in 2019, according to the Global Burden of Disease research. According to the survey, 3.3% of males and 4.9% of females suffer from depression.
Furthermore, due to an increase in the incidence of mental diseases, Europe is predicted to hold the second biggest market share during the forecast period. According to the Mental Health Foundation, 8.9 million cases of anxiety disorder were identified in the United Kingdom in 2015. Similarly, the European Union 2019 Report by the Organization for Economic Cooperation and Development estimates that 84 million people in Europe have mental health issues.
The Biofeedback Measurement Instrument Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Biofeedback Measurement Instrument Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Scope of the Report covers Biofeedback Measurement Instrument Market with detailed analysis of the overall scenario for the market. It also highlights the business participants environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Biofeedback Measurement Instrument Market analysis report as it has vital details to provide about regional markets, expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how worldwide market is working through efficient information graphics.
Forecast Period 2022 to 2028 CAGR
Thought Technology Ltd., ELMIKO, Mind Media, Laborie, Behavioral Medicine Associates, Inc., Neurocare Group Gmbh., Allengers Medical Systems, BrainMaster Technologies, Inc., Quantum World Vision, NCC Medical, Qxsubspace and others.
2017 to 2021
2022 to 2027
Number of Pages
Yes, the report can be customized as per your needs
Key Takeaways from this Biofeedback Measurement Instrument Report
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Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.