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Europe Electroencephalography Devices Market – Industry Trends and Forecast to 2030

  • Medical Devices
  • Upcoming Report
  • Oct 2023
  • Europe
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Europe 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.

Europe Electroencephalography Devices Market

Europe Electroencephalography Devices Market Analysis and Size

Increasing funding for neurological research has increased the advancement in technology. Thus, it is anticipated to fuel the Europe electroencephalography devices market. High cost of complex brain monitoring system and procedures is acting as a restraint for the growth of the Europe electroencephalography devices market. Increased healthcare infrastructure across the Europe is acting as an opportunity for its growth in the Europe electroencephalography devices market. Lack of reimbursement of electroencephalography procedures acts as a challenge for the growth of the Europe electroencephalography devices market.

Data Bridge Market Research analyses that the Europe electroencephalography devices market which was USD 383.90 million in 2022, is expected to reach USD 506.83 million by 2030, and is expected to undergo a CAGR of 5.1% during the forecast period of 2023 to 2030. “Devices” segment dominates the product type segment of the Europe electroencephalography devices market owing to increasing incidence 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.

Europe 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

Germany, U.K., France, Italy, Spain, Russia, Poland, Switzerland, Netherlands, Hungary, Austria, Norway, Ireland, Turkey, Lithuania, Rest of Europe

Market Players Covered

Cadwell Industries Inc. (U.S.), Compumedics Limited (Australia), Natus Medical Incorporated (U.S.), Medtronic (U.S.), NIHON KOHDEN CORPORATION (Japan), NeuroSky (U.S.), Elekta AB (Sweden), Lifelines Neuro (U.S.), EB Neuro S.p.A. (Italy), g.tec medical engineering GmbH Austria (Austria), Bitbrain Technologies (Spain), Masimo (U.S.),  ELMIKO MEDICAL sp. Z oo (Poland), Micromed (Italy)

Market Opportunities

  • Telehealth and Remote Monitoring
  • Research and Development
  • Emerging Markets

Market Definition

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.

Europe Electroencephalography Devices Market Dynamics

Drivers

  • Increasing Incidence of Neurological Disorders

The rising prevalence of neurological disorders such as epilepsy, Alzheimer's disease, and Parkinson's disease is a significant driver for the Europe electroencephalography devices market. EEG is a valuable diagnostic tool for these conditions, driving the demand for EEG devices.

  • Technological Advancements of the Devices

Ongoing advancements in EEG technology have led to the development of more portable, user-friendly, and high-resolution EEG devices. These innovations enhance the diagnostic capabilities and accessibility of EEG, driving market growth.

  • Growing Awareness and Diagnosis among People

Increasing awareness about the importance of early diagnosis and treatment of neurological disorders has led to higher patient and healthcare provider acceptance of EEG as a diagnostic tool. This, in turn, boosts the demand for EEG devices.

Opportunities

  • Telehealth and Remote Monitoring

The COVID-19 pandemic accelerated the adoption of telehealth services. EEG devices can be used for remote monitoring of patients with neurological conditions, presenting an opportunity for growth in telehealth applications.

  • Increased Investment in Research and Development

Investment in research and development can lead to the creation of more advanced EEG devices with improved accuracy and diagnostic capabilities. These innovations can open up new market opportunities.

Restraints/ Challenges

  • Limited Availability of Skilled Technicians

The effective use of EEG devices requires skilled technicians to conduct and interpret the tests accurately. A shortage of trained personnel can hinder the widespread use of EEG in some areas.

  • Competition from Alternative Diagnostic Technologies

In some cases, alternative diagnostic methods, such as functional MRI (fMRI) or PET scans, may provide additional insights into neurological conditions. Competition from these alternatives can pose challenges to the Europe electroencephalography devices market.

This Europe 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 Europe 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.

Europe Electroencephalography Devices Market Scope

The Europe electroencephalography devices market is categorized into eleven notable segments which are based on the product type, type, usability, and procedure, and function, signal frequency, filtering settings, age group, application, end user and distribution channel. The growth among segments helps you analyses niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

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 and Surgery
  • Others

End User

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

Distribution Channel

  • Direct tender
  • Retail sales

Europe Electroencephalography Devices Market Regional Analysis/Insights

The Europe 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 Europe electroencephalography devices market report are U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, rest of Europe,

Germany is dominating and also fastest growing in the Europe electroencephalography devices market due to technological advancements for the devices segment in the region along with the presence of major players of electroencephalography devices in the region.

The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact 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, the presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, and the impact of sales channels are considered while providing forecast analysis of the country data.

Healthcare Infrastructure growth Installed base and New Technology Penetration

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

Competitive Landscape and Europe Electroencephalography Devices Market Share Analysis

Europe 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, Europe presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to Europe electroencephalography devices market.

Some of the major players operating in the Europe electroencephalography devices market are:

  • Cadwell Industries Inc. (U.S.)
  • Compumedics Limited (Australia)
  • Natus Medical Incorporated (U.S.)
  • Medtronic (U.S.)
  • NIHON KOHDEN CORPORATION (Japan)
  • NeuroSky (U.S.)
  • Elekta AB (Sweden)
  • Lifelines Neuro (U.S.)
  • EB Neuro S.p.A. (Italy)
  • g.tec medical engineering GmbH Austria (Austria)
  • Bitbrain Technologies (Spain)
  • Masimo (U.S.)
  • ELMIKO MEDICAL sp. Z oo (Poland)
  • Micromed (Italy)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Europe electroencephalography devices market size will be worth USD 506.83 million by 2030.
The growth rate of the Europe electroencephalography devices market is 5.1% in the forecast period by 2030.
Increasing incidence of neurological disorders, technological advancements of the devices & growing awareness and diagnosis among people are the growth drivers of the Europe electroencephalography devices market.
Product type, type, usability, and procedure, and function, signal frequency, filtering settings, age group, application, end user and distribution channel are the factors on which the Europe electroencephalography devices market research is based.
Major companies in the Europe electroencephalography devices market are Cadwell Industries Inc. (U.S.), Compumedics Limited (Australia), Natus Medical Incorporated (U.S.), Medtronic (U.S.), NIHON KOHDEN CORPORATION (Japan), NeuroSky (U.S.), Elekta AB (Sweden), Lifelines Neuro (U.S.), EB Neuro S.p.A. (Italy), g.tec medical engineering GmbH Austria (Austria), Bitbrain Technologies (Spain), Masimo (U.S.), ELMIKO MEDICAL sp. Z oo (Poland), Micromed (Italy)
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