North America Electroencephalography Devices Market, 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), Country (U.S., Canada and Mexico) Industry Trends and Forecast to 2028
Market Analysis and Insights: North America Electroencephalography Devices Market
The electroencephalography devices market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing at a CAGR of 4.1% in the forecast period of 2021 to 2028 and is expected to reach USD 705.57 million by 2028. Rising prevalence of neurological diseases across the globe has increased the demand for diagnosis and treatment therefore, it is acting as driver for the global electroencephalography devices market.
Electroencephalography equipment 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.
Increasing funding for the neurological research has increased the advancement in technology. Thus, it is anticipated to fuel the global electroencephalography devices market. High cost of complex brain monitoring system and procedures is acting as a restraint for the growth of the global electroencephalography devices market. Increased healthcare infrastructure across the globe is acting as an opportunity for its growth in the global electroencephalography devices market. Lack of reimbursement of electroencephalography procedures acts as a challenge for the growth of the global electroencephalography devices market.
The electroencephalography devices market provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
North America Electroencephalography Devices Market scope and market size
The electroencephalography devices market is categorized into eleven notable segments which are based on the product type, type, usability, procedure, function, signal frequency, filtering settings, age group, application, end user and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the electroencephalography devices market is segmented into devices, accessories and consumables. In 2021, devices segment holds the highest share in the electroencephalography devices market due to rising adoption of electroencephalography (EEG) devices.
- On the type, the electroencephalography devices market is segmented into portable, standalone and wearable. In 2021, standalone segment is dominating the electroencephalography devices market due to growing demand for highly advanced and efficient electroencephalography devices for treatment.
- On the basis of usability, the electroencephalography devices market is segmented into disposable, semidisposable and reusable. In 2021, reusable segment is dominating the electroencephalography devices market due to rising incidence of neurological disorder in low and middle income countries.
- On the basis of procedure, the electroencephalography devices market is segmented into routine EEG, sleep-deprived EEG, ambulatory EEG and others. In 2021, routine EEG segment is dominating the electroencephalography devices market due to increasing number of wealthy hospitals across the world.
- On the basis of function, the electroencephalography devices market is segmented into standard EEG, ambulatory EEG and video EEG. In 2021, standard EEG segment is dominating the electroencephalography devices market due to escalation in technology advancement.
- On the basis of signal frequency, the electroencephalography devices market is segmented into delta (3 Hz or below), theta (3.5 to 7.5 Hz), alpha (7.5 and 13 Hz) and beta (14 and greater Hz). In 2021, delta (3 Hz or below) segment is dominating the electroencephalography devices market as it provides information regarding the conditions such as encephalopathy hydrocephalus among others.
- On the basis of filtering settings, the electroencephalography devices market is segmented into low frequency filter (1 Hz), high frequency filter (50-70 Hz), notch filter and bandpass filter. In 2021, low frequency filter (1 Hz) segment is dominating the electroencephalography devices market due to escalation in technological advancement.
- On the basis of age group, the electroencephalography devices market is segmented into pediatric, adult and geriatric. In 2021, adult segment is dominating the electroencephalography devices market due to growing awareness about neurological disorders among adult population.
- On the basis of application, the electroencephalography devices market is segmented into disease diagnosis, sleep monitoring, anesthesia monitoring, trauma & surgery and others. In 2021, disease diagnosis segment is dominating the electroencephalography devices market due to increased prevalence of neurological disorders such as epilepsy, Alzheimer’s disease and others across the globe.
- On the basis of end user, the electroencephalography devices market is segmented into hospitals, neurology centers, ambulatory surgical centers, diagnostic centers, academic and research organizations and others. In 2021, hospitals segment is dominating the electroencephalography devices market due to growing number of hospitals in low and middle income countries.
- On the basis of distribution channel, the electroencephalography devices market is segmented into direct tender and retail sales. In 2021, direct tender segment is dominating the electroencephalography devices market due to having full control over the sales and revenue process as well as direct interaction with your customers.
Electroencephalography Devices Market Country Level Analysis
The electroencephalography devices market is analysed and market size information is provided by the 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 North America electroencephalography devices market report are the U.S., Canada, Mexico,
The U.S. is going to dominate in the North America electroencephalography devices market because of the high increasing funding for the neurological research for the devices segment which has increased the advancement in technology.
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 such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
New Product Launches by Manufacturers is Creating New Opportunities for Players in the Electroencephalography Devices Market
The electroencephalography devices market also provides you with detailed market analysis for every country growth in aesthetic industry with electroencephalography devices market sales, impact of advancement in the electroencephalography devices market and changes in regulatory scenarios with their support for the electroencephalography devices market. The data is available for historic period 2011 to 2019.
Competitive Landscape and Electroencephalography Devices Market Share Analysis
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, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to electroencephalography devices market.
Some of the major players operating in the electroencephalography devices market are Cadwell Industries Inc., Compumedics Limited, NeuroWave Systems Inc., Natus Medical Incorporated, Medtronic, NIHON KOHDEN CORPORATION, NeuroSky, Bio-Signal Group Corp., Elekta AB, Lifelines Neuro, Jordan NeuroScience, Inc., BrainScope Company Inc., Advanced Brain Monitoring, Inc., g.tec medical engineering GmbH Austria, Bitbrain Technologies, Electrical Geodesics, Inc., Masimo among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product launches and agreements are also initiated by the companies’ worldwide which are also accelerating the electroencephalography devices market.
For instance,
- 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.
Collaboration, joint ventures and other strategies by the market players is enhancing the company market in the electroencephalography devices market which also provides the benefit for organisation to improve their offering for electroencephalography devices market.
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