Global Neurofeedback Market, By 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) – Industry Trends and Forecast to 2029.
Neurofeedback Market Analysis and Size
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.
Neurofeedback Market Scope and Segmentation
2022 to 2029
2020 (Customizable to 2014 - 2019)
Revenue in USD Million, Volumes in Units, Pricing in USD
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)
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.)
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
- 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.
- 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.
- High cost and time-consuming
However, the use of neurofeedback systems has been constrained with improvements in other brain monitoring technologies. These systems are expensive and time-consuming, and their efficacy has also been well-validated globally. Therefore, these elements are some of the main issues restricting the market growth.
This neurofeedback market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the neurofeedback market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Neurofeedback Market
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. As a result, the COVID-19 pandemic gave market participants the chance to create cutting-edge solutions to deal with the global burden of the rising incidence of anxiety disorders, which had an effect on the neurofeedback market's expansion.
- 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.
- Electrodes or Sensors
- Computer Software
- 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))
- Attention Deficit Hyperactivity Disorder (ADHD)
- Drug Addiction
- Physician Offices
- Ambulatory Surgical Center
Neurofeedback Market Regional Analysis/Insights
The neurofeedback market is analysed and market size insights and trends are provided by country, product, system, application and end user as referenced above.
The countries covered in the neurofeedback market report are 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.
North America dominates the neurofeedback market due to advanced healthcare infrastructure with devices and kits and its reimbursement policies leading the region.
Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to rising healthcare infrastructure through government investing.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The neurofeedback market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for neurofeedback market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the neurofeedback market. The data is available for historic period 2010-2020.
Competitive Landscape and Neurofeedback Market Share Analysis
The neurofeedback market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to neurofeedback market.
Some of the major players operating in the neurofeedback market are:
- 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.)
Research Methodology: Global Neurofeedback Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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