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Global Electroencephalography Devices Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2031

Healthcare | Upcoming Report | Sep 2024 | Global | 350 Pages | No of Tables: 220 | No of Figures: 60

Report Description

Global Electroencephalography Devices Market Segmentation, By Product Type (Devices, Accessories, Consumables), Type (Portable, Standalone, Wearable), Usability (Disposable, Semi disposable, 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 & 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 2031.


Electroencephalography Devices Market Analysis

An electroencephalogram refers to a test that makes the use of small metal discs (electrodes) connected to the scalp for detecting activity in the brain. The increase in the prevalence of neurological disorders is escalating the growth of electroencephalography devices market.

Electroencephalography Devices Market Size

Global electroencephalography devices market size was valued at USD 1.23 billion in 2023 and is projected to reach USD 1.88 billion by 2031, with a CAGR of 5.40% during the forecast period of 2024 to 2031.

Report Scope and Market Segmentation       

Attributes

Electroencephalography Devices Key Market Insights

Segmentation

  • By Product Type: Devices, Accessories, Consumables
  • By Type: Portable, Standalone, Wearable
  • By Usability: Direct Sales, Distributors, and Online Sale
  • By Procedure: Routine EEG, Sleep-Deprived EEG, Ambulatory EEG, Others
  • By Function: Standard EEG, Ambulatory EEG, Video EEG
  • By 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)
  • By Filtering Settings: Low Frequency Filter (1 Hz), High Frequency Filter (50-70 Hz), Notch Filter, Bandpass Filter
  • By Age Group: Pediatric, Adult, Geriatric
  • By Application: Disease Diagnosis, Sleep Monitoring, Anesthesia Monitoring, Trauma & Surgery, Others
  • By End User: Hospitals, Neurology Centers, Ambulatory Surgical Centers, Diagnostic Centers, Academic and Research Organizations, Others
  • By Distribution Channel: Direct Tender, Retail Sales

Countries Covered

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

Key Market Players

Cadwell Industries Inc. (US), Compumedics Limited (Australia), NeuroWave Systems Inc. (US), Natus Medical Incorporated (US), Medtronic (Ireland), NIHON KOHDEN CORPORATION (Japan), NeuroSky (China), Bio-Signal Group Corp. (US), Elekta AB (Sweden), Lifelines Neuro (US), Neurosoft S.A. (Greece), EMS Handels Gesellschaft mbH (Austria), Jordan NeuroScience, Inc. (US), BrainScope Company Inc. (US), Advanced Brain Monitoring, Inc. (US), EB Neuro S.p.A. (Italy), g.tec medical engineering GmbH Austria (Austria), Bitbrain Technologies (Spain), Electrical Geodesics, Inc. (US), Masimo (US), ELMIKO MEDICAL sp. Z oo (Poland), and Micromed (Italy), among others

Electroencephalography Devices Market Definition

Electroencephalography equipment refers to the equipment that is utilized for monitoring the electrical signals of the brain. The readings from these devices are used for diagnosing neurological disorders and monitoring neurological disorders, and sleep disorders.

Electroencephalography Devices Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

  • Growth of Geriatric Population

The rise in geriatric population across the globe acts as one of the major factors driving the growth of electroencephalography devices market as they are more prone to chronic diseases.

  • Funds and Grants

The surge in investments in the form of funds and grants for diagnostic equipment accelerate the market growth.

  • Prevalence of Neurological Disorders

The rise in the prevalence of neurological disorders, such as Alzheimer’s disease and epilepsy accelerate the market growth.

Opportunities

Furthermore, technological advancements in the field of EEG equipment extend profitable opportunities to the market players in the forecast period of 2024 to 2031.

Restraints/Challenges

On the other hand, high cost associated with the equipment is expected to obstruct market growth. Also, lack of reimbursement of electroencephalography procedures is projected to challenge the electroencephalography devices market in the forecast period of 2024-2031.

This 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 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.

COVID-19 Impact on Electroencephalography Devices Market

The medical services such as electroencephalography witnessed decline in revenues in the years 2020 and 2021 due to the outbreak of COVID-19. Major medical procedures were declined during the pandemic in order to prevent the risk of spreading coronavirus. However, rise in the electroencephalography procedures is expected in the post-COVID owing to the easing of restrictions.

Recent Development

  • Brain Scientific Inc. launched their online store to sell FDA-cleared NeuroCap and NeuroEEG™ in April’2020. NeuroCap is basically disposable headset used once and thrown away for reducing cross-contamination, unlike traditional reusable EEG electrodes.

Global Electroencephalography Devices Market Scope

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

Electroencephalography Devices Market Regional Analysis

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

The countries covered in the electroencephalography devices 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 electroencephalography devices market because of the rise in prevalence of various sleep and neurodegenerative disorders within the region.

Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2024 to 2031 due to the rise in geriatric population in the region.

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.   

Electroencephalography Devices Market Share

The 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, 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 electroencephalography devices market.

Electroencephalography Devices Market Leaders Operating in the Market Are:

  • Cadwell Industries Inc. (US)
  • Compumedics Limited (Australia)
  • NeuroWave Systems Inc. (US)
  • Natus Medical Incorporated (US)
  • Medtronic (Ireland)
  • NIHON KOHDEN CORPORATION (Japan)
  • NeuroSky (China)
  • Bio-Signal Group Corp. (US)
  • Elekta AB (Sweden)
  • Lifelines Neuro (US)
  • Neurosoft S.A. (Greece)
  • EMS Handels Gesellschaft mbH (Austria)
  • Jordan NeuroScience, Inc. (US)
  • BrainScope Company Inc. (US)
  • Advanced Brain Monitoring, Inc. (US)
  • EB Neuro S.p.A. (Italy)
  • g.tec medical engineering GmbH Austria (Austria)
  • Bitbrain Technologies (Spain)
  • Electrical Geodesics, Inc. (US)
  • Masimo (US)
  • ELMIKO MEDICAL sp. Z oo (Poland)
  • Micromed (Italy)


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