Global Brain Monitoring market data 2024, Forecast To 2033

The brain monitoring market has experienced rapid growth, increasing from $7.49 billion in 2023 to $8.26 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period is attributed to the increased prevalence of neurological disorders, demand for real-time brain monitoring in surgical and critical care settings, growth in research on brain-computer interfaces (BCIs) and neurofeedback, expansion of the aging population, and increased adoption of brain monitoring in sports optimization. Projecting into 2028, the market is expected to reach $12.07 billion at a CAGR of 10.0%. The forecasted growth is driven by the development of more affordable and accessible brain monitoring devices, increased application of brain monitoring in mental health and psychiatric care, expansion of neurocritical care units and stroke centers in healthcare facilities, regulatory support for the approval and use of brain monitoring technologies, and growing pediatric neurology and neonatal brain monitoring. Major trends in the forecast period include neuroinformatics and data integration, neurofeedback and brain training, brain-computer interface (BCI) integration, blockchain for data security, and brain monitoring in space exploration.