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Brain Monitoring Market is Expected to Reach $8.0 billion | MarketsandMarkets.

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Chicago, Feb. 28, 2023 (GLOBE NEWSWIRE) — The future of the brain monitoring industry is expected to be very exciting. With the rapid advancements in technology and the growth of artificial intelligence (AI), the industry is likely to experience a massive influx of new products and services. In the near future, the brain monitoring industry is expected to become increasingly focused on using advanced technology to detect, diagnose, and treat neurological conditions such as epilepsy, dementia, and depression. AI is expected to play a major role in the industry, as it provides the potential to make medical diagnoses more accurate, efficient, and cost-effective. AI-powered monitoring technologies are also expected to improve the accuracy of brain imaging and reduce the amount of time necessary for diagnosis. Moreover, the development of AI-driven devices, such as brain-computer interfaces, could revolutionize the way in which neurological conditions are managed.

Brain Monitoring market in terms of revenue was estimated to be worth $5.8 billion in 2021 and is poised to reach $8.0 billion by 2026, growing at a CAGR of 6.5% from 2021 to 2026 according to a latest report published by MarketsandMarkets™. The brain monitoring market is mainly driven by factors such as the increasing incidence and prevalence of neurological disorders, rising awareness of neurodegenerative diseases, growth in the number of traumatic brain injuries, and growing applications of brain monitoring in clinical trials. On the other hand, the high cost of complex brain monitoring procedures and devices, unfavorable reimbursement policies, and the shortage of trained professionals to effectively operate brain monitoring devices are restraining the growth of this market.

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Brain Monitoring Market Scope:

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Report Coverage Details
Market Revenue in 2021 $5.8 billion
Estimated Value by 2026 $8.0 billion
Growth Rate Poised to grow at a CAGR of 6.5%
Market Size Available for 2019-2026
Forecast Period 2021–2026
Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered Product, Medical Condition, End User and Region
Geographies Covered North America (US and Canada), Asia (Japan, China, India, and RoA), Europe (Germany, UK, France, Spain, Italy, and RoE), and the Rest of the World  (Latin America, Middle East&Africa)
Report Highlights Updated financial information / product portfolio of players
Key Market Opportunity The increasing demand for non-invasive and minimally invasive devices
Key Market Drivers Increasing incidence and prevalence of neurological disorders

Notable Brain Monitoring mergers and acquisitions for 2021 – 2022 include:

  • Philips acquires Nocira, a digital health company focused on EEG-based brain monitoring.
  • Johnson & Johnson acquires NeuroVia, a brain monitoring and analytics platform.
  • Medtronic acquires NeuroPace, a brain monitoring and stimulation device maker.
  • Abbott Laboratories acquires Telcare, a brain monitoring and digital health platform.
  • Hill-Rom acquires NeuroMagnetics, a brain monitoring and diagnostics company.
  • BrainScope acquires Neuronetrix Solutions, a brain monitoring and diagnostics device maker.
  • Siemens Healthineers acquires CorTechs Labs, a brain monitoring and analytics platform.
  • GE Healthcare acquires OBS Medical, a brain monitoring and diagnostics device maker.
  • Brainlab acquires NeuroVista, a brain monitoring and diagnostics company.
  • ZOLL Medical acquires BrainScope, a brain monitoring and diagnostics device maker.

Growth Drivers of Brain Monitoring Market from Macro to Micro:
Macro Level:

  • Increasing prevalence of neurological disorders: Neurological disorders such as Alzheimer’s disease, Parkinson’s disease and epilepsy are on the rise worldwide. The growing prevalence of these conditions is driving the demand for brain monitoring devices.
  • Technological advancements: Technological advances in brain monitoring devices such as EEG, fMRI, and MEG are allowing for more accurate and efficient diagnosis of neurological diseases and disorders. This has resulted in increased demand for these devices.
  • Growing awareness about brain monitoring devices: The increasing awareness of the benefits of brain monitoring devices is driving their adoption and driving the growth of the market.

Micro Level:

  • Expansion of healthcare infrastructure: The expansion of healthcare infrastructure in developing countries, such as India and China, is driving the growth of the brain monitoring market.
  • Increasing government initiatives: Government initiatives to promote the use of brain monitoring devices is also driving the market’s growth.
  • Growing investments in research and development: Growing investments in research and development for the development of new and improved brain monitoring devices is driving the growth of the market.

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Hypothetic Challenges of Brain Monitoring Market in Near Future:

  • Lack of Adequate Technology: There is a lack of adequate technology to monitor brain activity and provide accurate results in a timely manner. This could hinder the growth of the market in the near future.
  • Cost: Brain monitoring technology is expensive and might not be affordable for many people. This could limit the number of people who are able to take advantage of the technology.
  • Ethical Considerations: Brain monitoring technology has the potential to raise ethical questions, such as privacy concerns and the potential for misuse. This could create a barrier for the adoption of the technology.
  • Lack of Standardization: There is a lack of standardization in the brain monitoring market which could create confusion among users. This could lead to inaccurate results and cause people to mistrust the technology.
  • Security: Brain monitoring technology is vulnerable to cyber-attacks which could lead to data breaches. This could reduce the trust in the technology and limit the market’s growth.

Top 3 Use Cases of Brain Monitoring Market:

  • Neurological Disease Diagnostics: Brain monitoring is used to diagnose neurological disorders such as epilepsy, Parkinson’s disease, Alzheimer’s Disease, and traumatic brain injury. This is done by recording electrical activity in the brain and analyzing it for abnormalities.
  • Mental Health Monitoring: Brain monitoring is used to monitor the mental health of individuals and detect any psychological issues that may be present. This is done by studying the brain’s electrical activity and analyzing it for any changes that could indicate a problem.
  • Sports Performance: Brain monitoring is used to measure and track the performance of athletes in order to identify areas of improvement. This is done by studying the brain’s electrical activity and analyzing it for any changes that could indicate a need for further training or improvement.

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International study shows: companies underestimate the lead time and complexity of digital transformation projects

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Companies under pressure: Organizational adjustments are the main driver of IT transformations worldwide (36%). Sustainability is a key transformation motive for only 15%.During the transformation process, companies particularly underestimate communication between departments and divisions (39%) and the adequate provision of resources (30%).German companies are in third place when it comes to preparing their IT for the integration of future-oriented technologies (e.g. AI). Pioneers are Switzerland (47%) and the USA (43%).BIELEFELD, Germany and Walldorf, Germany, June 24, 2024 /PRNewswire/ — Technological progress, new consumer habits and global developments are forcing companies to constantly adapt their IT systems. The fact that such projects are usually more complex and time-consuming than expected is demonstrated by the latest figures from the International Transformation Study 2024, which is conducted annually by  the internationally operating SAP© consulting company NTT DATA Business Solutions AG together with IT service provider Natuvion GmbH. The study provides descriptive insights into the IT transformation practices of companies with the aim of providing managers with a compass for future projects. More than 1,200 CEOs, CIOs and IT decision-makers from a total of 15 countries were surveyed on ongoing or completed transformation projects.

 
 
Pressure to adapt to technology is increasing worldwide
Technological developments and the pressure on the economy to adapt are putting companies under pressure. At 36%, companies cite organizational adjustments (restructuring) as the most common reason for an IT transformation. In the automotive industry, which is undergoing a massive upheaval due to the switch to electromobility in particular, restructuring even tops the list of motives for transformation at 48%. The booming life sciences sector is doing similarly. Here, too, organizational adjustments came first with 38%.
Immediately after this, respondents across all participating countries chose the introduction of new technologies such as artificial intelligence as the second most common transformation motive with 27%. In a comparison of countries, Switzerland and the USA lead the table of pioneers with 47% and 43% respectively. German companies are in third place: 37% of them stated that they had started their IT transformation in order to introduce modern technologies such as AI.
 
Growing demand for transformation expertise
A key finding of the Transformation Study 2024 is that companies often underestimate the challenges of their IT transformation – above all the organization of communication between departments and divisions (39%) during the process. The lack of existing transformation knowledge in companies (33%) and the difficulty of conducting a detailed analysis of the existing IT landscape and data (29%) are also particularly striking. In direct comparison to the previous year, the number of those who identified a lack of transformation expertise in their own company even increased by 5%. More than a third of all respondents therefore rated the option of engaging external consultants at an early stage and thus closing the existing skills gap as the second most important organizational measure for the successful implementation of their transformation project.
“The study clearly shows that a lack of expertise and a shortage of skilled workers are the main factors slowing down the transformation of companies. However, innovative and efficient IT is crucial in order to remain competitive,” explains Norbert Rotter, CEO of NTT DATA Business Solutions AG and EVP of NTT DATA, Inc. “The strategic management of transformation projects is therefore becoming increasingly relevant for companies worldwide. We involve managers and employees in the change process at an early stage and use our 35 years of expertise to ensure that our customers achieve their transformation goals on time and within budget.”
 
More data protection and cloud applications
For around a quarter of respondents, the integration of modern technologies such as artificial intelligence is already the primary reason for their IT transformation. If we restrict the range of respondents to representatives of top management, it becomes clear that data protection was rated even more important than AI. A full 44% of board members and managing directors state that data protection was a particularly important driver of their transformation.
The trend of moving applications to cloud platforms also continues unabated. Around 56% of companies state that they are using more cloud services as part of their transformation. In all countries surveyed, greater flexibility and faster customization options are the main reasons for cloud use (39%). Other reasons for increased cloud use include the acceleration of business processes (38%) and, once again, faster and easier access to technical innovations such as automation (37%). Better scalability (16%) and greater data security (13%) are also of key importance for cloud use.
Patrick Dahse, Managing Director of Natuvion GmbH, which has been part of NTT DATA Business Solutions since August 2022, emphasizes the central importance of data quality for transformation projects: “Good data has always been the basis and fuel for innovative processes and in the age of AI, its importance continues to increase. The study results confirm this and show that Only those who keep their data in the appropriate quality, harmonized and centrally available will be able to make optimal use of the blessings of technical developments in the future.”
The full results of the “Transformation Study 2024” can be found here.
 
About NTT DATA Business Solutions
NTT DATA Business Solutions is a leading global IT service provider with a focus on SAP and a powerful partner network. With more than 35 years of experience, we support companies worldwide on their way to the Intelligent Enterprise. We deliver end-to-end solutions that sustainably accelerate growth and success – from strategic consulting and implementation to managed services and beyond. As a global strategic SAP partner, we drive innovation and use the latest technologies to advise our customers individually and across industries. Our more than 15,300 dedicated employees in over 30 countries are at work every day.
NTT DATA Business Solutions is part of NTT DATA. Headquartered in Tokyo, the trusted global business and technology leader generates revenues of over 30 billion US dollars. As One NTT DATA, we serve 75% of the Fortune Global 100 and help our clients innovate, optimize and transform processes for their long-term success. NTT DATA is part of the NTT Group.
 
About Natuvion
Natuvion is a digital relocation company. Natuvion moves business-critical data and processes from one technological platform to another! The Natuvion experts are always called upon when medium-sized and large companies want to modernize, optimize, separate, merge or rebuild their IT systems! This exclusive expertise in technical transformation enables Natuvion customers to always use their data and processes on the most modern and innovative technologies. As Inc. 5000 and FT 1000, the Natuvion Group has been one of the most dynamically growing software and IT consulting companies in Europe for 4 consecutive years.
Press Contact NTT DATA Business Solutions
Jasmin Straeter
Head of Global Communications
NTT DATA Business Solutions AG
Königsbreede 1, 33605 Bielefeld, Germany
T: +49 521 9 14 48 108
E-Mail: [email protected]
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Taipei Internet Exchange and AMS-IX Hong Kong expand connectivity network with global reach

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CHIEF, HGC and AMS-IX enter into partnership
HONG KONG, June 24, 2024 /PRNewswire/ — Chief Telecom (CHIEF), the operator of Taiwan’s largest Internet Exchange (TPIX), the world’s leading Internet Exchange AMS-IX, and HGC Global Communications Limited (HGC), a fully-fledged ICT service provider and network operator with extensive global coverage, today signed a Memorandum of Understanding (MOU) to provide a total business solution to their respective customers. This agreement facilitates the seamless traffic exchange between Taipei Internet Exchange (TPIX) and AMS-IX Hong Kong, so as to provide customers a one-stop shop solution, allowing them to expand their internet network resources by leveraging their extensive global connectivity network.

AMS-IX (Amsterdam Internet Exchange), located in Amsterdam, Netherlands, is one of the largest internet exchanges globally, boasting a member base of nearly a thousand. HGC is a well-known telecom operator in Asia and also serves as a partner of AMS-IX in the region.
By leveraging this strategic partnership, TPIX members can now expand their network resources and facilitate content sharing and localization, not only within Hong Kong but also across the HGC’s extensive global network with diversified routes and digital infrastructure. This connectivity empowers them to reach other AMS-IX exchanges in Asia, such as Singapore, Bangkok, and Manila, as well as globally, including Amsterdam, the Bay Area and Chicago. This seamless and reliable remote peering solution enhances the end-user experiences.
Conversely, AMS-IX Hong Kong members can enjoy additional 170 network connections and tap into the local user base in Taiwan through TPIX. This expanded connectivity and access to a new eyeball will drive more traffic exchange to both AMS-IX Hong Kong and TPIX members. The reciprocal benefits of this partnership allow the connected parties to penetrate each others’ markets and reach a broader audience base, contributing to the growth of the cross-border peering ecosystem.
Mr. Joseph Wu, Chairman of Chief Telecom, said: “Joining the global community of internet exchanges is a valuable experience and opportunity to CHIEF. In the future, we can leverage each others local customers and numerous peering members to create a synergistic effect greater than the sum of its parts. We aspire to become the digital convergence of East Asia and AI cloud application center. CHIEF acts as an important hub for major private and consortium submarine cable systems in Asia-Pacific region while TPIX is now ranked 82th of the largest IXPs globally. We eagerly anticipate that under the strategic partnership, we can accelerate up TPIX’s global ranking, increase our digital influence, and position CHIEF as a crucial strategic hub connecting Taiwan with the world.”
Mr. Daniel Wang, Assistant Vice President, Taiwan, International Business of HGC, said: “We are honoured to partner with CHIEF and AMS-IX, as this strategic cooperation aligns with our strategy to build up a robust and expansive peering ecosystem. This ecosystem will enable more peering opportunities for OTT, content providers, gaming, cloud service providers across the regions. By leveraging our global reach and digital infrastructure, we can improve Internet performance through low latency and enhance end-user experience.”
Mr. Onno Bos, International Partnership Director of AMS-IX, added: “Asia is one of the fastest-growing regions in terms of internet traffic. By expanding our connectivity network in the region, either via partnerships and opening additional exchanges, we strive to support the growth of digital transformation. In doing so, the region will benefit from more efficient, reliable and secure data exchange between different networks.”
About HGC Global Communications Limited
HGC Global Communications Limited (HGC) is a leading Hong Kong and international telecom operator and ICT solution provider. The company owns an extensive network and infrastructure in Hong Kong and overseas and provides various kinds of services. HGC has 19 overseas offices and staff presence in 31 cities worldwide. It provides telecom infrastructure service to other operators and serves as a service provider to corporate and households. The company provides full-fledged telecom, data centre services, ICT solutions and broadband services for local, overseas, corporate, SME and mass markets. HGC owns and operates an extensive fibre-optic network, five cross-border telecom routes integrated into tier-one telecom operators in mainland China and connects with hundreds of world-class international telecom operators. The company is committed to further investing and enriching its current infrastructure and, in parallel, adding on top the latest technologies and developing its infrastructure services and solutions. In 2019, HGC Group completed the acquisition of Macroview Telecom Limited (Macroview), a leading digital technology solution and managed services provider. The addition of Macroview further accelerates HGC Group’s digital transformation path and positioning as a pioneering ICT and digital services leader. HGC is a portfolio company of I Squared Capital, an independent global infrastructure investment manager focusing on energy, utilities, transport, social infrastructure, digital infrastructure, and environmental infrastructure in North America, Europe, Latin America and Asia. To learn more, please visit HGC’s website at: www.hgc.com.hk 
About AMS-IX 
AMS-IX (Amsterdam Internet Exchange) is a neutral member-based association that operates multiple interconnection platforms around the world. Our leading platform in Amsterdam has been playing a crucial role at the core of the internet for 30 years and is one of the largest hubs for internet traffic in the world with over 12 Terabits per second (Tbps) of peak traffic. Connecting to AMS-IX ensures customers such as internet service providers, telecom companies and cloud providers that their global IP traffic is routed in an efficient, fast, secure, stable and cost-effective way. This allows them to offer low latency and engaging online experiences for end-users. AMS-IX interconnects more than 1000 IP-networks in the world. AMS-IX also manages the world’s first mobile peering points: the Global Roaming Exchange (GRX), the Mobile Data Exchange (MDX) and the Internetwork Packet Exchange (I-IPX) interconnection points. 
More information: www.ams-ix.net 
About Chief Telecom
Established in 1991, Chief Telecom became an affiliate of CHT in 2006, and officially listed at Taipei Exchange (TPEx) on June 5th, 2018 (TWSE: 6561). Chief Telecom is ISO 27001, ISO 27011, ISO 27017, ISO 27018 and Data Centre Operations Standard (DCOS) certified to provide its customers with the best information security shield.
With its global internet backbone, professional skills of communication integration, Chief Cloud eXchange (CCX), and TPIX –the biggest internet exchange in Taiwan, Chief Telecom is able to provide total solutions and various business models to enhance its customers’ operational effectiveness and competitive advantages. For more information, please go to https://www.chief.com.tw.
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2024 China Energy Internet Conference held in Future Science City, Beijing

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BEIJING, June 24, 2024 /PRNewswire/ — The China Energy Internet Conference was held in Future Science City, Changping district, Beijing, from June 20 to 21. It was hosted by Tsinghua University, the Administrative Committee of Beijing Future Science City, the Energy Internet Research Institute of Tsinghua University and Beijing Future Science City Group Co., Ltd.

With the theme of “AI empowering Energy Internet Innovation and Development of New Quality Productive Forces”, the conference invited academicians from the Chinese Academy of Sciences and the Chinese Academy of Engineering and other industry experts, as well as guests from energy Internet related enterprises, research institutes, financial institutions and industry associations.
The 2024 Annual Report on the Development of National Energy Internet, Construction Plan of Carbon Monitoring and Management Platform for Future Science City were officially released at the conference.
Attendees had extensive in-depth discussions and exchanges during seven sub-forums on the topics of technological innovation and engineering application of energy digitalization industry, intelligent hydrogen power, carbon neutralization of energy storage application and standardization of energy Internet.
After visiting the exhibition hall of the Future Science City, the Energy Internet Building, and the Central Research Institute of the State Power Investment Corporation, attendees gained a more comprehensive and in-depth understanding of the support policies and latest construction achievements for the industrial development planning of the Energy Valley, Future Science City.
The conference aims to build a platform for cross-border exchange of innovative resources such as universities and venture capital institutions of energy Internet-related enterprises to help China take a more solid step towards innovation and transformation in the field of energy, and to provide Chinese wisdom and solutions for the construction and development of the global energy Internet network.
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