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Asia-Pacific Electroencephalography Devices Market – Industry Trends and Forecast to 2030

Medical Devices | Upcoming Report | Oct 2023 | Asia-Pacific | 350 Pages | No of Tables: 220 | No of Figures: 60

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Report Description

Asia-Pacific Electroencephalography Devices Market, By Product Type (Devices, Accessories, Consumables), Type (Portable, Standalone, Wearable), Usability (Disposable, Semidisposable, Reusable), Procedure (Routine EEG, Sleep-Deprived EEG, Ambulatory EEG, Others), Function (Standard EEG, Ambulatory EEG, Video EEG), Signal Frequency (Delta (3 HZ or Below), Theta (3.5 to 7.5 HZ), Alpha (7.5 and 13 HZ), Beta (14 and Greater HZ)), Filtering Settings (Low Frequency Filter (1 HZ), High Frequency Filter (50-70 HZ), Notch Filter, Bandpass Filter), Age Group (Pediatric, Adult, Geriatric), Application (Disease Diagnosis, Sleep Monitoring, Anesthesia Monitoring, Trauma and Surgery, Others), End User (Hospitals, Neurology Centers, Ambulatory Surgical Centers, Diagnostic Centers, Academic and Research Organizations, Others), Distribution Channel (Direct Tender, Retail Sales) - Industry Trends and Forecast to 2030.

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Asia-Pacific Electroencephalography Devices Market Analysis and Size

Electroencephalography equipment is used to evaluate electrical activity in the brain. Brain cells communicate with each other by electrical impulses. The EEG may be used to help detect potential problems associated with the activity. The EEG tracks and records the patterns of brain waves. Small flat metal disks called electrodes are wired attached to the scalp. The electrodes analyse the electrical impulses in the brain and send signals to the computer to record the results. The electrical impulses in the EEG record look as wavy lines with peaks and valleys. These lines allow physicians to quickly assess whether there are abnormal patterns. Any irregularities can be a sign of seizures or other brain disorders. The EEG is used to detect problems in electrical brain activity that may be associated with certain brain disorders. EEG measurements are used to confirm or rule out variety of conditions including seizure disorders (such as epilepsy), head injury, encephalitis (brain inflammation), brain tumor, encephalopathy (brain disease) and memory problems among others.

Data Bridge Market Research analyses that the Asia-Pacific electroencephalography devices market which was USD 245.58 million in 2022, is expected to reach USD 427.83 million by 2030, and is expected to undergo a CAGR of 6.70% during the forecast period of 2023 to 2030. “Disease Diagnosis” dominates the application segment of the Asia-Pacific electroencephalography devices market owing to the growing prevalence of neurological disorders. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Asia-Pacific Electroencephalography Devices Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Product Type (Devices, Accessories, Consumables), Type (Portable, Standalone, Wearable), Usability (Disposable, Semidisposable, Reusable), Procedure (Routine EEG, Sleep-Deprived EEG, Ambulatory EEG, Others), Function (Standard EEG, Ambulatory EEG, Video EEG), Signal Frequency (Delta (3 HZ or Below), Theta (3.5 to 7.5 HZ), Alpha (7.5 and 13 HZ), Beta (14 and Greater HZ)), Filtering Settings (Low Frequency Filter (1 HZ), High Frequency Filter (50-70 HZ), Notch Filter, Bandpass Filter), Age Group (Pediatric, Adult, Geriatric), Application (Disease Diagnosis, Sleep Monitoring, Anesthesia Monitoring, Trauma and Surgery, Others), End User (Hospitals, Neurology Centers, Ambulatory Surgical Centers, Diagnostic Centers, Academic and Research Organizations, Others), Distribution Channel (Direct Tender, Retail Sales)

Countries Covered

China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines and Rest of Asia-Pacific

Market Players Covered

Cadwell Industries Inc. (U.S.), Compumedics Limited (U.K.), Jordan NeuroScience, Inc. (U.S.), Elekta AB (Sweden), Medtronic (U.S.), NIHON KOHDEN CORPORATION (Japan), BrainScope Company Inc. (U.S.), Advanced Brain Monitoring, Inc. (U.S.), Electrical Geodesics, Inc. (U.S.), Masimo (U.S.), ELMIKO MEDICAL sp. Z oo (Poland) and Micromed (Italy)

Market Opportunities

  • Technological Advancements
  • Telemedicine and remote monitoring

Market Definition

Electroencephalography (EEG) is a non-invasive medical technique used to measure and record the electrical activity generated by the brain's neurons. It involves placing electrodes on the scalp to capture the brain's electrical impulses, which are then amplified and displayed as a visual representation known as an EEG waveform. EEG is a valuable diagnostic tool in neurology and clinical medicine, aiding in the detection and assessment of various neurological conditions such as epilepsy, sleep disorders, and brain injuries. It provides insights into brain function, helping physicians diagnose, monitor, and evaluate the effectiveness of treatments for neurological disorders. EEG is also used in research to study brain activity and cognitive processes.

Asia-Pacific Electroencephalography Devices Market Dynamics

Drivers

  • Increasing Prevalence of Neurological Disorders

The increasing incidence of neurological disorders such as epilepsy, Alzheimer's disease, and Parkinson's disease in the Asia-Pacific region is a significant driver. EEG is a crucial tool for diagnosing and monitoring these conditions, leading to a growing demand for EEG equipment.

  • Growing Age of Population

Many countries in the Asia-Pacific region are experiencing demographic shifts, with a growing elderly population. This demographic trend is associated with an elevated risk of neurological disorders. EEG plays a pivotal role in diagnosing and managing these conditions, making it indispensable in geriatric healthcare.

  • Advancements in Healthcare Infrastructure

Expanding healthcare infrastructure and the adoption of modern medical technologies in Asia-Pacific countries are boosting the availability and accessibility of EEG devices in hospitals and clinics. The Asia-Pacific region has witnessed rapid economic growth, leading to increased healthcare spending. Governments and private healthcare providers are investing in modern medical equipment, including EEG machines. This expansion of healthcare infrastructure has made EEG services more accessible to patients.

Opportunities

  • Technological Advancements

Continued advancements in EEG technology open doors for new opportunities. Innovations such as wearable EEG devices, wireless EEG systems, and improved signal processing algorithms enhance the portability, ease of use, and diagnostic capabilities of EEG equipment.

  • Telemedicine and Remote Monitoring

The adoption of telemedicine and remote patient monitoring solutions is likely to persist beyond the COVID-19 pandemic. EEG can play a significant role in remote monitoring of patients with neurological conditions, creating opportunities for telehealth service providers and EEG manufacturers.

Restraints/Challenges

  • High Equipment Costs

EEG machines and associated accessories can be prohibitively expensive for many healthcare facilities, especially in resource-limited settings. The initial capital investment required for EEG equipment, as well as ongoing maintenance and training costs, can strain budgets. This financial constraint can limit the adoption of EEG technology in smaller hospitals and clinics.

  • Limited Accessibility

Accessibility to EEG services can be challenging in rural or remote areas within the Asia-Pacific region. Patients living in these areas may have to travel long distances to reach specialized healthcare facilities that offer EEG testing. This travel can be burdensome, especially for individuals with neurological conditions that require frequent monitoring.

This Asia-Pacific electroencephalography devices 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 Asia-Pacific electroencephalography devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

  • In August 2020, NIHON KOHDEN CORPORATION launched Version 12 of the Polysmith software used in polysomnography devices. This new version of software launched by the company includes more than 40 market-driven features which aids in good analysis and outcomes. Thus, the product launch by the company has increased the demand for its sales and market in future

Asia-Pacific Electroencephalography Devices Market Scope

The Asia-Pacific electroencephalography devices market is segmented on the basis of product type, type, usability, procedure, function, signal frequency, filtering settings, age group, application and end user and distribution channel. The growth amongst these segments will help you analyse 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.

Product Type

  • Devices
  • Accessories
  • Consumables

Type

  • Portable
  • Standalone
  • Wearable

Usability

  • Disposable
  • Semidisposable
  • Reusable

Procedure

  • Routine EEG
  • Sleep-Deprived EEG
  • Ambulatory EEG
  • Others

Function

  • Standard EEG
  • Ambulatory EEG
  • Video EEG

Signal Frequency

  • Delta (3 HZ or Below)
  • Theta (3.5 to 7.5 HZ)
  • Alpha (7.5 and 13 HZ)
  • Beta (14 and Greater HZ)

Filtering Settings

  • Low Frequency Filter (1 HZ)
  • High Frequency Filter (50-70 HZ)
  • Notch Filter
  • Bandpass Filter

Age Group

  • Pediatric
  • Adult
  • Geriatric

Application

  • Disease Diagnosis
  • Sleep Monitoring
  • Anesthesia Monitoring
  • Trauma and Surgery
  • Others

End User

  • Hospitals
  • Neurology Centers
  • Ambulatory Surgical Centers
  • Diagnostic Centers
  • Academic and Research Organizations
  • Others

Distribution Channel

  • Direct Tender
  • Retail Sales

Asia-Pacific Electroencephalography Devices Market Regional Analysis/Insights

The Asia-Pacific electroencephalography devices market is analyzed and market size insights and trends are provided by country, product type, type, usability, procedure, function, signal frequency, filtering settings, age group, application and end user and distribution channel as referenced above.

The countries covered in the Asia-Pacific electroencephalography devices market report are China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines and Rest of Asia-Pacific

China is dominating the Asia-Pacific electroencephalography devices market and is expected to record the fastest growth and have the highest market share during the forecast period of 2023 to 2030, due to increasing patient pool, improving public and private reimbursement infrastructure, and constant development of healthcare facilities.

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 Asia-Pacific 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 Asia-Pacific electroencephalography devices 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 Asia-Pacific electroencephalography devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the Asia-Pacific electroencephalography devices market. The data is available for historic period 2015-2020.

Competitive Landscape and Asia-Pacific Electroencephalography Devices Market Share Analysis

The Asia-Pacific electroencephalography devices 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, Asia-Pacific 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 Asia-Pacific electroencephalography devices market

Some of the major players operating in the Asia-Pacific electroencephalography devices market are:

  • Cadwell Industries Inc. (U.S.)
  • Compumedics Limited (U.K.)
  • Jordan NeuroScience, Inc. (U.S.)
  • Elekta AB (Sweden)
  • Medtronic (U.S.)
  • NIHON KOHDEN CORPORATION (Japan)
  • BrainScope Company Inc. (U.S.)
  • Advanced Brain Monitoring, Inc. (U.S.)
  • Electrical Geodesics, Inc. (U.S.)
  • Masimo (U.S.)
  • ELMIKO MEDICAL sp. Z oo (Poland)
  • Micromed (Italy)


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