With the slowdown in world economic growth, the Biofeedback Industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Biofeedback market size to maintain the average annual growth rate of 0.0494145228446 from 110.0 million $ in 2014 to 140.0 million $ in 2018, Stratagem Market Insights analysts believe that in the next few years, Biofeedback market size will be further expanded, we expect that by 2023, The market size of the Biofeedback will reach 180.0 million $.
Biofeedback Market Overview
Biofeedback refers to the method of gaining greater awareness of several physiological functions on an individual’s body. Generally, it is done using specialized electronic instruments with the objective of being able to manipulate the body’s system at will. Numerous studies have shown that biofeedback therapy helps in reducing the severity of migraine headaches. Moreover, it is used for chronic pain, tension headache, urinary incontinence, and high blood pressure. The global biofeedback market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global biofeedback market is expected to witness significant growth during the forecast period, owing to increasing healthcare projects across the globe.
Biofeedback Market Driver
Growing prevalence of anxiety disorder combined with urinary incontinence is expected to drive the growth of the global biofeedback market during the forecast period. According to the World Economic Forum (WEF), 2019, around 275 million people across the globe suffer from anxiety disorders, of which 170 million are female sufferers while male sufferers account for 105 million. Furthermore, according to the Anxiety and Depression Association of America (ADAA), anxiety disorder is the most common mental illness in the U.S., affecting around 40 million adults in the country. Biofeedback is considered one of the most effective treatment options for anxiety disorders, hence the high prevalence of the same is expected to drive the market growth in the near future. Moreover, increasing healthcare projects, especially in emerging economies is expected to propel the global biofeedback market growth over the forecast period.
Biofeedback Market Restraint
Low government funding for biofeedback treatment as well as a lack of skilled professionals to operate related electronic instruments is expected to hamper the global biofeedback market growth during the forecast period.
Regional Insight
Among regions, North America is expected to witness significant growth in the global biofeedback market during the forecast period. This is owing to a high prevalence of urinary incontinence as well as increasing awareness regarding the health and benefits of non-drug treatment. Furthermore, Asia Pacific is expected to register a significant growth rate over the forecast period, owing to the rise in awareness regarding technological advancements in the healthcare industry in the region.
Competitive Landscape
Key players operating in the global biofeedback market are BrainMaster Technologies, Thought Technology, NCC Medical, Laborie, ELMIKO, Qxsubspace, Allengers Medical Systems, Vishee, NeuroCare, Quantum World Vision, and Mind Media.
Key Developments
Key companies in the market are focused on product launches, in order to enhance their product portfolio. For instance, in September 2019, Meru Health Inc. introduced a new wearable device to help users understand the mind-body connection through biofeedback.
This Report covers the manufacturers' data, including shipment, price, revenue, gross profit, interview record, business distribution, etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume, and value, as well as price data.
Besides, the report also covers segment data, including type segment, industry segment, channel segment, etc. cover different segment market sizes, both volume, and value. Also cover different industries client's information, which is very important for the manufacturers. If you need more information,
Section 1: Definition
Section (2 3): Manufacturer Detail
╼ Thought Technology
╼ Laborie
╼ Qxsubspace
╼ Vishee
╼ Quantum World Vision
╼ BrainMaster Technologies
╼ Mind Media
╼ NeuroCare
╼ Allengers Medical Systems
╼ ELMIKO
╼ NCC Medical
Section 4: Region Segmentation
╼ North America Country (United States, Canada)
╼ South America
╼ Asia Country (China, Japan, India, Korea)
╼ Europe Country (Germany, UK, France, Italy)
╼ Other Country (Middle East, Africa, GCC)
Section (5 6 7): Type Segmentation
Product Type Segmentation ➜
╼ Brainwaves
╼ Heart Rate
╼ Muscle Tone
╼ Sweat Glands
Industry Segmentation ➜
╼ Home Use
╼ Hospital
╼ Clinic
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2019-2026)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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