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.
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.
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.
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Market Analysis and Insights: Neurofeedback Market:
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.
· 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.
Neurofeedback Market Scope and Market Size
The neurofeedback market is segmented on the basis of product, system, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
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
Table of Contents: Global Neurofeedback Market
1 Market Summery
2 Market Segmentation
3 Executive Summary
4 Premium Insight
5 Market Overview
6 Covid-19 Impact on Neurofeedback in Healthcare Industry
7 Global Neurofeedback Market, by Product Type
8 Global Neurofeedback Market, by Modality
9 Global Neurofeedback Market, by Type
10 Global Neurofeedback Market, by Mode
11 Global Neurofeedback Market, by End User
12 Global Neurofeedback Market, by Geography
13 Global Neurofeedback Market, Company Landscape
14 Swot Analysis
15 Company Profiles
16 Questionnaire
17 Related Reports
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