Biofeedback instruments are used to improve physical, emotional, and mental health of people by making subtle changes in the body. These instruments measure physiological activities. There has been significant rise in the prevalence of chronic stress, heart issues, hypertension, migraine, neurological disorders, and depression, leading to increase in the demand for products such as biofeedback instruments. The targeted users are hospitals, clinics, and health-conscious people.
The price of biofeedback instruments is high and their availability is meagre, which aids the market growth. Usually, biofeedback instruments are available at hospitals; however, they are currently available at homes, due to the rising trend of having a biofeedback instrument at home. Increase in the use of various healthcare products worldwide is likely to be a significant driver of the biofeedback instrument market in the next few years.
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Biofeedback Instrument Market: Dynamics
Biofeedback instruments involve a mind–body technique to procure control over automatic bodily functions such as blood pressure, heart rate, and blood flow. It is used to predetermine the symptoms of high or low blood pressure, pain, anxiety, headache, and chronic stress. This can be achieved by relaxing specific muscles, decelerating the heart rate, or reducing feelings of discomfort. People are becoming more health-conscious, which is estimated to promote growth of the market for biofeedback instruments during the forecast period. The global biofeedback measurement instrument market was valued at USD 148.68 Million in 2019 and is expected to expand at a CAGR of 6.2% during the forecast period (i.e. 2023–2032). In-depth analysis of driving factors, opportunities, restraints, and challenges for gaining key insights of the market is offered in the report. The report emphasizes all key trends that are expected to play a vital role in growth of the market from 2023 to 2032.
Biofeedback Instrument Market: Regional Overview
The report highlights the contribution and the significant share that regions across the world hold in the biofeedback instrument market at the global level. It focuses on presence of the market across regions, such as North America, Europe, Asia Pacific, South America, Middle East, and Africa. The biofeedback instrument market in Asia Pacific is expected to expand at a significant CAGR in the near future. China holds a major share of the market in Asia Pacific. Demand for biofeedback instruments in the region is increasing, due to rise in the number of households. Luxury houses, modern kitchens, and easy maintenance at affordable rates are some of the key factors driving the market in the region. North America holds the largest share of the global market. Demand for biofeedback instruments in the region is increasing, due to rise in the number of neurological disorders in North America.
Biofeedback Instrument Market: Competitive Landscape
Biofeedback instruments are increasingly differential and varied in their usage as well as in their applications and each segment that contributes to the global market share. This has also resulted in a set of existing key players dominating the market. These players tend to have strong presence in the global market, which makes the entry and establishment of new players difficult. However, some of the key market players have adopted strategies of major companies and sustained their position through expansions and partnerships.
Major companies in the industry are:
- Thought Technology Ltd
- Laborie Qxsubspace
- Quantum World Vision
- Brain Master Technologies, Inc.
- Mind Media
- Allengers Medical Systems
- ELMIKO NCC Medical
The regional overview includes:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Biofeedback Instrument Market: Market Segmentation
Like all other markets, the market for biofeedback instruments has also been segmented into different categories. The market is segmented as follows:
Type Outlook (Revenue, USD Million; 2023–2032)
- Thermal Feedback
- Heart Rate Variability Feedback
- Electrodermal Activity Feedback
Application Outlook (Revenue, USD Million; 2023–2032)
- Rehabilitation Centers
- Homecare Centers
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