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.
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Market Analysis and Insights: Neurofeedback Market:
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 Scope and Market Size
The COVID-19 pandemic had a significant impact on people's mental health, which led to a large number of people developing various psychiatric and neuropsychiatric illnesses. A study titled "Global Prevalence and Burden of Depressive and Anxiety Disorders in 204 Countries and Territories in 2020 due to the COVID-19 Pandemic" indicated that 75.2 million individuals would be affected by anxiety disorders in that year. Compared to 2019, there was a 25.6% increase in incidents in 2020.
Recent Development
· In November 2021, OVID Clinics GmbH and Divergence NeuroTechnologies collaborated to develop a cloud-based clinical assessment and neurofeedback software solution.
· In October 2021, The second iteration of Interaxon Inc.'s well-liked EEG meditation and sleep headband Muse S was released. Real-time neurofeedback is used by this upgraded plush brain-sensing headband to teach users how to meditate in order to fall asleep.
Global Neurofeedback Market Scope
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
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