Seizure Monitoring Market
Number of pages: 100 | Report Format: PDF | Published date: April 17, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
|
Report Attribute |
Details |
|
CAGR |
4.23% |
|
Base Year For Estimation |
2022 |
|
Forecast Period |
2023 to 2031 |
|
Historical Year |
2021 |
|
Segments Covered |
Type, End User, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global seizure monitoring market is expected to register a revenue CAGR of 4.23% by 2031.
Seizure Monitoring Market Fundamentals
Seizures are aberrant brain activity episodes that can induce stiffness, twitching motions, convulsions, or limpness. They can also cause brief changes in awareness, behaviors, and sense perception. Some seizures occur because of medication or an accident. Seizures in critically ill patients can lead to further complications and worsen their overall condition. Therefore, prompt recognition and treatment of seizures are crucial for improving patient outcomes.
Monitoring is important in seizures as it detects seizure activity and evaluates treatment effectiveness. Additionally, monitoring can help identify potential triggers and provide insight into the underlying causes of seizures. This information can be used to adjust treatment plans and improve overall seizure management. Therefore, regular monitoring is crucial for individuals with epilepsy or other seizure disorders.
Seizure monitoring systems allow for a more personalized treatment plan with better management of seizures. Additionally, advancements in seizure monitoring, such as monitoring seizures with wearable devices and mobile apps, have made it easier for patients to monitor seizures and communicate with their healthcare providers. These systems have shown promising results in reducing the frequency and severity of seizures and improving the quality of life. Moreover, seizure monitoring in individuals with epilepsy is very important as these systems are designed to provide real-time alerts and data to healthcare providers. This technology can also aid in developing personalized treatment plans and ultimately lead to better seizure control.
Seizure Monitoring Market Dynamics
A major factor increasing the global seizure monitoring market is the rising occurrence of seizures among epilepsy patients. According to the January 2022 estimates, febrile seizures affect 2%-5% of children under the age of five, with regional, seasonal, and gender changes in frequency and prevalence. The estimates also suggest that febrile seizures are significantly more prevalent in certain communities (for example, Japan and Guam) (8%-14%).
Additionally, with increasing technological trends, there are considerable advances in monitoring seizures. For instance, The SAMi is a monitoring device linked to a smartphone app and employs infrared video camera technology to communicate audio and visual pictures to the app. This technology is now accessible in remote patient monitoring, which can call for aid immediately. Tracking their episodes and monitoring their medications may also increase compliance in patients and build behavioral patterns that can help them avoid their triggers and regulate their seizures in the long term. Similarly, in May 2022, Epilepsy Alarms UK offered the mjn-SERAS to the UK, a ground-breaking technology that utilizes artificial intelligence to seizures up to 3 minutes in advance.
Governments across the globe have launched numerous efforts to assist with seizure monitoring and enhance the lives of people suffering from epilepsy. Governments may invest in strengthening healthcare infrastructure, such as hospitals, clinics, and healthcare centers, to ensure that people with epilepsy have access to effective seizure monitoring. This can include financing specialized epilepsy clinics or boosting the number of neurologists and epileptologists available to diagnose and treat seizures. Furthermore, governments may encourage telemedicine, which entails using technology to monitor and manage seizures remotely. Telemedicine can be especially beneficial for people living in distant places or having restricted healthcare access. It enables virtual consultations with healthcare providers, remote seizure monitoring via wearable devices, and remote drug management.
One of the restraining factors for the seizure monitoring market is the high cost associated with seizure monitoring devices and procedures. Additionally, a lack of awareness about seizure monitoring technology in developing and low-income countries can limit market revenue growth.
Seizure Monitoring Market Ecosystem
The global seizure monitoring market is analyzed from three perspectives: type, end user, and region.
Seizure Monitoring Market by Type
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Based on type, the global seizure monitoring market is segmented into wearable sensors, bed monitors, and video systems.
The wearable segment has accounted for the majority of revenue share in the global seizure monitoring market. Wearable seizure monitoring devices are an exciting innovation that assists in managing epilepsy. This technology allows for more efficient and timely medical intervention, potentially improving individuals’ overall quality of life. Additionally, top players increasing launch of wearable seizure monitoring devices are supporting the segment’s revenue growth. For instance, Embrace2 is the only FDA-approved wrist-worn epilepsy wearable. It identifies potential convulsive seizures and immediately warns caretakers, whether patients sleeping next door or living thousands of kilometers away. The device is designed to provide 24-hour safety and comfort, allowing individuals with seizures to obtain treatment.
However, the bed monitors segment is expected to show high revenue growth in the forecast years. They provide real-time monitoring of vital signs and can alert healthcare providers in case of abnormalities, thus ensuring timely intervention and improving patient outcomes. Additionally, the increasing adoption of smart healthcare technologies and the growing geriatric population is expected to further drive the demand for bed monitors during the forecast period.
Seizure Monitoring Market by End User
Based on end users, the global seizure monitoring market is segmented into hospitals, homecare settings, and others.
The hospital segment accounts for the majority of the global seizure monitoring revenue share. This can be attributed to the availability of advanced healthcare infrastructure and skilled healthcare professionals in hospitals. Additionally, hospitals are often equipped with high-end monitoring devices and equipment, contributing to the dominance of the hospital segment. Furthermore, as the prevalence of neurological disorders continues to increase, the demand for seizure monitoring devices is expected to rise during the forecast period.
The homecare segment is expected to show a high revenue share during the forecast period. This is majorly due to the increasing demand for home-based healthcare services, especially among the elderly, and the rising prevalence of chronic diseases requiring long-term care and monitoring. Technological advancements in homecare devices and equipment are also expected to drive the segment’s revenue growth.
Seizure Monitoring Market by Region
Based on the region, the global seizure monitoring market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America dominated the seizure monitoring market with the largest revenue share. This can be attributed to the increasing prevalence of epilepsy and other neurological disorders in the region and the availability of advanced healthcare infrastructure and favorable reimbursement policies. Furthermore, the presence of significant market players in North America and their considerable expenditure on research and development of new products is likely to promote market revenue growth in this region. For instance, BioSerenity gained approval from the US Food and Drug Administration (FDA) in January 2021 for their electroencephalography (EEG) wearable device system. This approval comprises BioSerenity’s NeuronauteEEG system and IceCap EEG wearable device, designed to allow physicians to remotely monitor and analyze the electrical brain activity of persons suffering from epilepsy.
The seizure monitoring market in Europe is expected to experience significant revenue growth due to the increasing prevalence of neurological disorders and the rising demand for advanced seizure monitoring devices that offer real-time data analysis and remote monitoring capabilities. Additionally, adopting telemedicine and artificial intelligence technologies in seizure monitoring is expected to drive market revenue growth in the region.
During the forecast period, Asia Pacific is expected to show lucrative revenue growth. This revenue growth can be attributed to the increasing prevalence of epilepsy and other neurological disorders in the region and the rising demand for advanced seizure monitoring devices and technologies. Government initiatives to improve healthcare infrastructure and increase awareness about neurological disorders are also expected to drive market revenue growth in the Asia Pacific.
Competitive Landscape of the Seizure Monitoring Market
The seizure monitoring market is highly competitive, with several established and new players. Some of the key players in the market include Brain Sentinel, Inc., Empatica, Inc., and MedPage Ltd. These companies are investing heavily in research and development to introduce advanced technologies and expand their product portfolio. The increasing prevalence of neurological disorders and the growing demand for non-invasive monitoring devices are expected to drive the revenue growth of the seizure monitoring market.
The prominent companies operating in the global seizure monitoring market with the largest revenue share are:
Strategic Developments in the Seizure Monitoring Market
The wearable sensors segment accounts for the majority of revenue share in the global seizure monitoring market.
The global seizure monitoring market is expected to grow at a revenue CAGR of 4.23% during the forecast period.
Brain Sentinel, Inc., Empatica Inc., Medpage Ltd, and Epilepsy Alarms UK are a few key players operating in the global seizure monitoring market.
The Asia Pacific regional market is expected to observe the highest revenue during the forecast period.
One of the main hurdles that seizure monitoring market players experience is the lack of standardization in terms of devices and data analysis. There is a limited understanding of the pathophysiology of seizures, which makes it challenging to develop effective monitoring solutions.
*Insights on financial performance are subject to the availability of information in the public domain