Neurofeedback Systems Market to record USD 514.64 Mn growth -- Driven by growing prevalence of neurological diseases

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Sep 15, 2022, 10:00 ET

NEW YORK, Sept. 15, 2022 /PRNewswire/ -- The global neurofeedback systems market is concentrated and highly competitive. The market is expected to grow by USD 514.64 million between 2021 and 2026. However, the growth momentum is expected to decelerate at a CAGR of 7.4% during the forecast period. The report identifies BEE Medic GmbH, BrainMaster Technologies Inc., Mind Media BV, Mitsar Co. Ltd., Myndlift, Neurobit Systems, neurocare group AG, Zengar Institute Inc., Thought Technology Ltd., and Wearable Sensing as prominent players in the market. Download PDF Sample Report

Technavio has announced its latest market research report titled Global Neurofeedback Systems Market 2022-2026

The neurofeedback systems market report covers the following areas:

The market is driven by the growing prevalence of neurological diseases. According to the WHO, as of September 2021, more than 55 million people across the world had dementia. Similarly, another study estimated that there were over 75 million people globally dealing with anxiety disorders in 2020. The rising incidence of such neurological diseases is increasing the demand for neurofeedback systems, thereby driving the growth of the market.

However, the high cost of healthcare will restrict the growth of the market. Developed nations have high healthcare costs. In 2019, the per capita healthcare expenditure was USD 7,138 in Switzerland, USD 6,748 in Norway, and USD 6,731 in Germany. The high cost of healthcare in these countries is preventing several patients from seeking treatment for neurological diseases, such as ADHD, insomnia, anxiety disorder, and other neurological disorders. In developing countries such as India, China, Brazil, Argentina, and others, due to the lack of financial resources and the low per capita income, many people cannot bear the high costs associated with neurofeedback systems. Moreover, the lack of proper healthcare infrastructure and low government aid in the form of medical expense reimbursements are challenging the growth of the market.

To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Request Sample Report Here

Neurofeedback Systems Market 2022-2026: Segmentation

The global neurofeedback systems market is segmented as below:

Application

Attention Deficit Hyperactivity Disorder (ADHD)
Pain Management
Insomnia
Anxiety Disorder
Others

The market growth in the attention deficit hyperactivity disorder segment will be significant over the forecast period. The segment is driven by the availability of treatments to reduce the symptoms of ADHD.

Geography

North America
Europe
Asia
Rest Of World (ROW)

North America is the dominant market for neurofeedback systems, occupying 40% of the global market share. The growth of the regional market can be attributed to factors such as the presence of advanced healthcare infrastructure, the strong market presence of leading vendors, the increasing prevalence of neurological diseases, and growing R&D activities and clinical studies on neurofeedback therapies and systems in the region.

Neurofeedback Systems Market 2022-2026: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the neurofeedback systems market, including some of the dominant vendors. Backed with competitive intelligence and benchmarking, our research report on the neurofeedback systems market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

Neurofeedback Systems Market 2022-2026: Key Highlights

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will assist neurofeedback systems market growth during the next five years
Estimation of the neurofeedback systems market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the neurofeedback systems market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of neurofeedback systems market vendors

Related Reports:

Neurofeedback Systems Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Decelerate at a CAGR of 7.4%
Market growth 2022-2026	USD 514.64 million
Market structure	Concentrated
YoY growth (%)	9.97
Regional analysis	North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution	North America at 40%
Key consumer countries	US, UK, Germany, France, and China
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	BEE Medic GmbH, BrainMaster Technologies Inc., Mind Media BV, Mitsar Co. Ltd., Myndlift, Neurobit Systems, neurocare group AG, Zengar Institute Inc., Thought Technology Ltd., and Wearable Sensing
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table Of Contents:

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
Exhibit 06: Executive Summary – Chart on Incremental Growth
Exhibit 07: Executive Summary – Data Table on Incremental Growth
Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 17: Five forces analysis - Comparison between2021 and 2026

4.2 Bargaining power of buyers

Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers

Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants

Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes

Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

5.1 Market segments

Exhibit 24: Chart on Application - Market share 2021-2026 (%)
Exhibit 25: Data Table on Application - Market share 2021-2026 (%)

5.2 Comparison by Application

Exhibit 26: Chart on Comparison by Application
Exhibit 27: Data Table on Comparison by Application

5.3 Attention deficit hyperactivity disorder (ADHD) - Market size and forecast 2021-2026

Exhibit 28: Chart on Attention deficit hyperactivity disorder (ADHD) - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Attention deficit hyperactivity disorder (ADHD) - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Attention deficit hyperactivity disorder (ADHD) - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Attention deficit hyperactivity disorder (ADHD) - Year-over-year growth 2021-2026 (%)

5.4 Pain management - Market size and forecast 2021-2026

Exhibit 32: Chart on Pain management - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Pain management - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Pain management - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Pain management - Year-over-year growth 2021-2026 (%)

5.5 Insomnia - Market size and forecast 2021-2026

Exhibit 36: Chart on Insomnia - Market size and forecast 2021-2026 ($ million)
Exhibit 37: Data Table on Insomnia - Market size and forecast 2021-2026 ($ million)
Exhibit 38: Chart on Insomnia - Year-over-year growth 2021-2026 (%)
Exhibit 39: Data Table on Insomnia - Year-over-year growth 2021-2026 (%)

5.6 Anxiety disorder - Market size and forecast 2021-2026

Exhibit 40: Chart on Anxiety disorder - Market size and forecast 2021-2026 ($ million)
Exhibit 41: Data Table on Anxiety disorder - Market size and forecast 2021-2026 ($ million)
Exhibit 42: Chart on Anxiety disorder - Year-over-year growth 2021-2026 (%)
Exhibit 43: Data Table on Anxiety disorder - Year-over-year growth 2021-2026 (%)

5.7 Others - Market size and forecast 2021-2026

Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)

5.8 Market opportunity by Application

Exhibit 48: Market opportunity by Application ($ million)

6 Customer Landscape

6.1 Customer landscape overview

Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation

Exhibit 50: Chart on Market share by geography 2021-2026 (%)
Exhibit 51: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison

Exhibit 52: Chart on Geographic comparison
Exhibit 53: Data Table on Geographic comparison

7.3 North America - Market size and forecast 2021-2026

Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026

Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 Asia - Market size and forecast 2021-2026

Exhibit 62: Chart on Asia - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on Asia - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on Asia - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on Asia - Year-over-year growth 2021-2026 (%)

7.6 Rest of World (ROW) - Market size and forecast 2021-2026

Exhibit 66: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)

7.7 US - Market size and forecast 2021-2026

Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)

7.8 UK - Market size and forecast 2021-2026

Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)

7.9 Germany - Market size and forecast 2021-2026

Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.10 China - Market size and forecast 2021-2026

Exhibit 82: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 83: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 84: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 85: Data Table on China - Year-over-year growth 2021-2026 (%)

7.11 France - Market size and forecast 2021-2026

Exhibit 86: Chart on France - Market size and forecast 2021-2026 ($ million)
Exhibit 87: Data Table on France - Market size and forecast 2021-2026 ($ million)
Exhibit 88: Chart on France - Year-over-year growth 2021-2026 (%)
Exhibit 89: Data Table on France - Year-over-year growth 2021-2026 (%)

7.12 Market opportunity by geography

Exhibit 90: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges

Exhibit 91: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape

Exhibit 92: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption

Exhibit 93: Overview on factors of disruption

9.4 Industry risks

Exhibit 94: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered

Exhibit 95: Vendors covered

10.2 Market positioning of vendors

Exhibit 96: Matrix on vendor position and classification

10.3 BEE Medic GmbH

Exhibit 97: BEE Medic GmbH - Overview
Exhibit 98: BEE Medic GmbH - Product / Service
Exhibit 99: BEE Medic GmbH - Key offerings

10.4 BrainMaster Technologies Inc.

Exhibit 100: BrainMaster Technologies Inc. - Overview
Exhibit 101: BrainMaster Technologies Inc. - Product / Service
Exhibit 102: BrainMaster Technologies Inc. - Key offerings

10.5 Mind Media BV

Exhibit 103: Mind Media BV - Overview
Exhibit 104: Mind Media BV - Product / Service
Exhibit 105: Mind Media BV - Key offerings

10.6 Mitsar Co. Ltd.

Exhibit 106: Mitsar Co. Ltd. - Overview
Exhibit 107: Mitsar Co. Ltd. - Product / Service
Exhibit 108: Mitsar Co. Ltd. - Key offerings

10.7 Myndlift

Exhibit 109: Myndlift - Overview
Exhibit 110: Myndlift - Product / Service
Exhibit 111: Myndlift - Key offerings

10.8 Neurobit Systems

Exhibit 112: Neurobit Systems - Overview
Exhibit 113: Neurobit Systems - Product / Service
Exhibit 114: Neurobit Systems - Key offerings

10.9 neurocare group AG

Exhibit 115: neurocare group AG - Overview
Exhibit 116: neurocare group AG - Product / Service
Exhibit 117: neurocare group AG - Key offerings

10.10 Thought Technology Ltd.

Exhibit 118: Thought Technology Ltd. - Overview
Exhibit 119: Thought Technology Ltd. - Product / Service
Exhibit 120: Thought Technology Ltd. - Key offerings

10.11 Wearable Sensing

Exhibit 121: Wearable Sensing - Overview
Exhibit 122: Wearable Sensing - Product / Service
Exhibit 123: Wearable Sensing - Key offerings

10.12 Zengar Institute Inc.

Exhibit 124: Zengar Institute Inc. - Overview
Exhibit 125: Zengar Institute Inc. - Product / Service
Exhibit 126: Zengar Institute Inc. - Key offerings

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist

Exhibit 127: Inclusions checklist
Exhibit 128: Exclusions checklist

11.3 Currency conversion rates for US$

Exhibit 129: Currency conversion rates for US$

11.4 Research methodology

Exhibit 130: Research methodology
Exhibit 131: Validation techniques employed for market sizing
Exhibit 132: Information sources

11.5 List of abbreviations

Exhibit 133: List of abbreviations

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