"Research analysts leverage their years of experience and expertise to construct an accurate and error-free Neurofeedback Market document. The vision and dynamism of an expert team expedite work and contribute to creating the best research report. This marketing report acts as a robust connection between the business and crucial market information that would otherwise go to waste. Core values such as trust, integrity, and authenticity are central to delivering this business report to the client. The Global Neurofeedback Market survey report helps businesses obtain the right research when they need it most.
The information provided in the credible Neurofeedback Market analysis report will undoubtedly enhance the knowledge and decision-making skills of the business, providing immense opportunities for growth. This will ultimately increase the return rate and drive a competitive edge. The tailor-made industry analysis report provides services tailored to specific challenges. Whether it is survey work, in-depth interviewing, or a combination of multiple methods, the Neurofeedback Marketing report will match the right methodology and personnel to the business's needs. A skillful team of analysts gathers, analyzes, and synthesizes data to accomplish challenging tasks without setting unrealistic expectations.
According to the american academy of sleep medicine 2020, up to 20% of americans have insomnia each year. Behavioral insomnia, which affects 30% of children, is more likely to develop in children with poor sleep habits. Additionally, 40 million americans aged 18 and older may experience an anxiety illness each year in 2020, according to the anxiety and depression disorders association of america (ADAA). Thus, the high prevalence of insomnia and anxiety disorders in this area promotes the demand for neurofeedback systems, fueling the market's expansion.
Data Bridge Market Research analyses that the neurofeedback market which was USD 1,096.02 million in 2021, would rocket up to USD 1908.66 million by 2029, and is expected to undergo a CAGR of 7.18% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Explore Further Details about This Research Neurofeedback Market Report https://www.databridgemarketresearch.com/reports/global-neurofeedback-market
Neurofeedback Market Scope and Segmentation
REPORT METRIC | DETAILS |
Forecast Period | 2022 to 2029 |
Base Year | 2021 |
Historic Years | 2020 (Customizable to 2014 - 2019) |
Quantitative Units | Revenue in USD Million, Volumes in Units, Pricing in USD |
Segments Covered | Product (Amplifiers, Electrodes or Sensors, Computer Software), System (Frequency/Power Neurofeedback System, Slow Cortical Potential Neurofeedback (SCP-NF) System, Low-Energy Neurofeedback System (LENS), Hemoencephalographic (HEG) Neurofeedback System, Live Z-Score Neurofeedback System, Low-Resolution Electromagnetic Tomography (LORE-TA), Functional Magnetic Resonance Imaging (fMRI)), Application (Attention Deficit Hyperactivity Disorder (ADHD), Anxiety, Depression, Epilepsy, Insomnia, Drug Addiction, Schizophrenia, Others), End User (Hospitals, Physician Offices, Ambulatory Surgical Center) |
Countries Covered | U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
Market Players Covered | Neuro Care Group (Germany), Myndlift Ltd (Israel), Brainmaster Technologies, Inc. (U.S.), Mitsar Co. Ltd (Russia), Emotiv (U.S.), Brainworks (United States), Mindfield Biosystems Ltd. (U.K.), Narbis (U.S.), Thought Technology Ltd. (Canada), InteraXon Inc. (Canada), Mind Media USA Inc. (Netherlands), NeuralScan (U.S.) |
Market Opportunities |
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Neurofeedback (NFB), also called neurotherapy, is a type of biofeedback that presents real-time feedback from brain activity in order to reinforce healthy brain function through operant conditioning. Electroencephalography (EEG) typically uses scalp-mounted sensors to record electrical activity from the brain and then uses sound or visual displays to provide feedback. Neurotherapy has been used for more than 40 years, despite never becoming widely accepted in the medical community, and there is strong evidence to support it for the comprehensive treatment of mental disorders. NFB is a long-term therapeutic option that is often provided over the course of one month and is rather non-invasive. A normal neurofeedback session lasts 30 to 60 minutes.
Neurofeedback Market Dynamics
Drivers
- Rise in activities to raise awareness in diseases
The players of the neurofeedback market are planning to expand their market and service geographically by investing in research and development. They are putting together a number of activities to raise awareness of concerns including mental health and other problems. The companies are also concentrating on the extension of their product line, which will preserve their competitive edge in the market.
- Technical developments
The market is expanding as a result of the consistent technical advancements and the introduction of novel products in this industry. For instance, Naxon Labs unveiled Explorer in May 2020, a neurofeedback system designed for experts in engineering, IT, neuroscience, and medicine. This method enables the visualisation of brain wave frequencies in real time on any bluetooth-enabled output device. The market is therefore anticipated to increase throughout the forecast period as a result of the above-mentioned factors.
- Rising need for neurofeedback systems
The increased emphasis on neurofeedback therapies, equipment research and development, and the increasing prevalence of ADHD globally are the main drivers of the market's growth. According to a study released in February 2021 titled "The prevalence of adult attention deficit hyperactivity disorder: a global systematic review and meta-analysis," the prevalence of persistent adult ADHD was 2.58 percent, and that of symptomatic adult ADHD was 6.76 percent. These numbers correspond to 139.84 million and 366.33 million affected adults worldwide in 2020. These findings suggest that there is a rising need for neurofeedback systems for the analysis and management of ADHD, which will lead to market expansion.
Opportunities
- Lunch of new products
The launch of new products by various businesses also contributes to the market segment's expansion. For instance, in October 2019, Narbis made its branded Narbis smart glasses available. These glasses use neurofeedback principles and a NASA-developed algorithm to boost focus and decrease drowsiness when reading, using a computer, studying, or doing online assignments. The expansion of customer reach caused by the availability of comparable products offline and online fuels market expansion. The market for neurofeedback systems is also fuelled by numerous foundations, which serve as support networks for numerous healthcare professionals involved in treating brain dysfunctions.
Influence of the Neurofeedback Market Report:
- Comprehensive assessment of all opportunities and risk in the Neurofeedback Market
- Lead Neurofeedback Market recent innovations and major events
- Detailed study of business strategies for growth of the Neurofeedback Market market-leading players
- Conclusive study about the growth plot of Neurofeedback Market for forthcoming years
- In-depth understanding of Neurofeedback Market -particular drivers, constraints and major micro markets
- Favourable impression inside vital technological and Neurofeedback Market latest trends striking the Neurofeedback Market
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