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Global Electroencephalography Devices Market – Industry Trends and Forecast to 2029

  • Healthcare
  • Upcoming Report
  • Mar 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
  • Healthcare
  • Upcoming Report
  • Mar 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global 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 & 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 2029.

Electroencephalography Devices Market

Global Electroencephalography Devices Market Analysis and Size

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.

  • Brain cells communicate with each other via electrical impulses even when the individual is sleeping. Global electroencephalography devices market was valued at USD 1,110.68 million in 2021 and is expected to reach USD 1,726.61 million by 2029, registering a CAGR of 5.40% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Global 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.

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Forecast Period

2022 - 2029

Historic Years

2020 (Customizable to 2019 - 2014)

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 & 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

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

Market Players Covered

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 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 2022 to 2029.

Restraints/Challenges Global Electroencephalography Devices Market

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 2022-2029.

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 and Market Size

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

On the basis of product type, the electroencephalography devices market is segmented into devices, accessories and consumables.

Type

  • Portable
  • Standalone
  • Wearable

On the type, the electroencephalography devices market is segmented into portable, standalone and wearable.

Usability

  • Disposable
  • Semidisposable
  • Reusable

On the basis of usability, the electroencephalography devices market is segmented into disposable, semidisposable and reusable.

Procedure

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

On the basis of procedure, the electroencephalography devices market is segmented into routine EEG, sleep-deprived EEG, ambulatory EEG and others.

Function

  • Standard EEG
  • Ambulatory EEG
  • Video EEG

On the basis of function, the electroencephalography devices market is segmented into standard EEG, ambulatory EEG and 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)

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).

Filtering Settings

  • Low Frequency Filter (1 Hz)
  • High Frequency Filter (50-70 Hz)
  • Notch FilterBandpass Filter

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.

Age Group

  • Pediatric
  • Adult
  • Geriatric

On the basis of age group, the electroencephalography devices market is segmented into pediatric, adult and geriatric.

Application

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

On the basis of application, the electroencephalography devices market is segmented into disease diagnosis, sleep monitoring, anesthesia monitoring, trauma & surgery and others.

End User

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

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.

Distribution Channel

  • Direct Tender
  • Retail Sales

On the basis of distribution channel, the electroencephalography devices market is segmented into direct tender and retail sales.

Electroencephalography Devices Market Regional Analysis/Insights

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 2022 to 2029 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.   

Healthcare Infrastructure Growth Installed Base and New Technology Penetration

The 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 electroencephalography devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the electroencephalography devices market. The data is available for historic period 2010-2020.

Competitive Landscape and Electroencephalography Devices Market Share Analysis

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.

Some of the major players operating in the electroencephalography devices 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), and Micromed (Italy), among others.

Research Methodology : Global Electroencephalography Devices Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed 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 can drop down your enquiry.

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. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, 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 https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-electroencephalography-devices-market


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Frequently Asked Questions

The Electroencephalography Devices Market will be projected USD 1,726.61 million during the forecast period of 2022 to 2029.
The Electroencephalography Devices Market is Expected to Witness CAGR of 5.40% During the Forecast Period of 2022 to 2029.
The Rise in Geriatric Population, Rise in the Prevalence of Neurological Disorders and Surge in Investments are the Major Drivers Expected to Fuel the Growth of the Electroencephalography Devices Market.
The Major Players Operating in the Electroencephalography Devices 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), among others.
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.