The latest published report by Polaris Market Research The report “Electroencephalography (EEG) Devices Market Share, Size, Trends, Industry Analysis Report, By Modality (Portable, Standalone); By Application (Trauma & Surgery, Disease Diagnosis, Anesthesia Monitoring, Sleep Monitoring, Others); By Product; By End-Use; By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The global Electroencephalography (EEG) devices market size was valued at USD 995.3 million in 2020 and size is expected to reach USD 1.83 billion by 2028 to grow at a CAGR of 8.6% during the forecast period (2021 – 2028). The standalone segment dominated the global market for electroencephalography devices in 2020. However, the demand for portable EEG devices market is expected to increase during the forecast period. Portable electroencephalography (EEG) devices are increasingly being used in ambulatory centers and homecare of patients. Some benefits associated with the portable market segment include reduced costs, mobility, lightweight, shorter installation time, and reduced traveling for patients.
The different applications of electroencephalography devices include trauma and surgery, disease diagnosis, anesthesia monitoring, sleep monitoring, and others. Electroencephalography devices are increasingly being used for disease diagnoses such as brain tumors, brain damage from a head injury, brain dysfunction, inflammation of the brain, and strokes among others.
Some of the major market Participants:
Medtronic, Cadwell Laboratories, Inc., Neurosoft Ltd., Compumedics Ltd., Elekta AB, NeuroWave Devices, Inc., Electrical Geodesics, Inc., BrainScope Company Inc., Koninklijke Philips, Natus Medical, Inc., Nihon Kohden America, Inc., Noraxon U.S.A., Inc., Lifelines Neurodiagnostic Devices Inc., Bio-Signal Group Corp., Jordan NeuroScience Inc., and Cephalon A/S.
Electroencephalography devices enable doctors to diagnose the disease and determine the stage, plan treatment, and track treatment progress. The detailed information provided by these devices enables neurologists to offer an effective treatment.
The 32-channel EEG market segment dominated the global market for electroencephalography devices in 2020. The need for high scan speed, enhanced efficiency, and improved patient experience has increased the adoption of 32-channel EEG devices. The growing need to perform a neurological scan, increasing geriatric population, and rising healthcare expenditure in developing countries, such as India, China, and Japan, boost the adoption of electroencephalography systems.
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Electroencephalography devices are used in hospitals, clinics, diagnostic centers, research laboratories, and others. The hospital market segment accounted for the highest share in 2020. The increasing occurrence of neurological diseases coupled with government initiatives to offer advanced healthcare services to citizens supports the growth of this segment. Availability of advanced equipment and financial funds, supportive government initiatives, and the introduction of medical schemes have increased the adoption of electroencephalography devices in hospitals.
North America dominated the global market for electroencephalography devices in 2020 and is expected to maintain its dominance over the forecast period. The rising occurrence of neurological diseases, availability of technologically advanced equipment, and presence of well-established healthcare infrastructure increase the demand for electroencephalography devices in North America.
Asia Pacific market is expected to experience significant growth during the forecast period owing to the growing population, increasing health awareness, and rising spending on healthcare. Leading global players are expanding their presence in developing nations of China, Japan, India, and South Korea to tap the growth opportunities offered by these countries.
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Table of Contents
Chapter 1. Introduction
Chapter 2. Executive Summary
Chapter 3. Research Methodology
Chapter 4. Electroencephalography (EEG) Devices Market Insights
Chapter 5. Electroencephalography (EEG) Devices Market Assessment by Product
- 8-channel EEG
- 21-channel EEG
- 25-channel EEG
- 32-channel EEG
- 40-channel EEG
- Multichannel EEG
Chapter 6. Electroencephalography (EEG) Devices Market Assessment by Modality
Chapter 7. Electroencephalography (EEG) Devices Market Assessment by Application
- Trauma & Surgery
- Disease Diagnosis
- Anesthesia Monitoring
- Sleep Monitoring
Chapter 8. Electroencephalography (EEG) Devices Market Assessment by End-Use
- Diagnostic Centers
- Research Laboratories
Chapter 9. Electroencephalography (EEG) Devices Market Assessment by Geography
Chapter 10. Competitive Landscape
Chapter 11. Company Profiles
The report can be customized on the basis of regional analysis, segment analysis, industry outlook and competitive analysis. Some of the major focus points which are covered in the report include:
- Industry Trends, opportunity and challenges in the market
- Role of key players across the value chain
- End-User analysis to define the market strategy
- Competitive mapping
- Regional and country level breakdown
These insights are included in the report which would help you to have a realistic overview of the overall market including the competition, investment opportunities, restraints and challenges, regulatory factors which might affect the market growth. Moreover, the report would help to identify the regional market growth opportunities for different segments covered in the report.
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