Global Electroencephalography Devices Market Trends 2024, Forecast To 2033
22 Aug, 2024
The electroencephalography devices market has grown significantly, from $1.11 billion in 2023 to $1.20 billion in 2024 at a CAGR of 8.5%. This historical growth is attributed to early discoveries, initial development of portable and wireless electroencephalography, neurofeedback and biofeedback advancements, and the availability of consumer-grade electroencephalography devices. The market is expected to reach $1.68 billion in 2028 at a CAGR of 8.8%, with growth driven by ongoing research and development, clinical acceptance, increasing healthcare expenditure, an aging population, and the rise of consumer wearables. Trends in the forecast period include advanced signal processing and AI integration, personalized healthcare, integration with VR and AR technologies, longitudinal monitoring, big data analytics, and combinations with other modalities.
Global Electroencephalography Devices Market Key Driver
The growth of the electroencephalography device market is anticipated due to the rising prevalence of neurological disorders. These disorders affect the neurological system, including the brain, spinal cord, and nerves throughout the body. The increase in prevalence is driven by factors such as an aging population, lifestyle changes, genetics, improved diagnosis, and greater awareness. Electroencephalography devices play a crucial role in diagnosing and monitoring these disorders by recording and analyzing brain activity, aiding in the treatment of conditions like epilepsy, sleep disorders, and brain injuries. For instance, in October 2023, the World Federation of Neurology reported that over 40% of the global population suffers from a neurological condition, with this figure expected to nearly double by 2050. This growing prevalence is driving the growth of the electroencephalography device market.
Get A Free Sample Of The Electroencephalography Devices Market ReportGlobal Electroencephalography Devices Market Segments
The electroencephalography devices market covered in this report is segmented –
1) By Type: Portable, Standalone, Wearable
2) By Product: 8-Channel Electroencephalography, 21-Channel Electroencephalography, 25-Channel Electroencephalography, 32-Channel Electroencephalography, 40-Channel Electroencephalography, Multi-Channel Electroencephalography
3) By Distribution Channel: Direct Tender, Retail Sales
4) By Application: Trauma And Surgery, Disease Diagnosis, Anesthesia Monitoring, Sleep Monitoring, Other Applications
5) By End-Use: Hospitals, Diagnostics Centers, Other End Users
By Geography:The regions covered in the electroencephalography devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the electroencephalography devices market in 2023.
Major Electroencephalography Devices Industry Players
General Electric Company, Philips Healthcare, Nihon Kohden Corporation, Natus Medical Incorporated, Cadwell Industries Inc, NeuroPace Inc., EB Neuro S.p.A., Brain Products GmbH, Lifelines Neuro Company LLC, ANT Neuro BV, BioSemi B.V, Micromed Group, Electrical Geodesics Inc., Thought Technology Ltd, NeuroSky Inc., Compumedics Limited, Neuroelectrics Corp, Advanced Brain Monitoring, Neurosoft Ltd, Artinis Medical Systems, Mitsar Co. Ltd, Wearable Sensing LLC, Emotiv Inc.
Purchase The Global Electroencephalography Devices Market Report Directly And Get A Swift DeliveryElectroencephalography Devices Market Overview
Electroencephalography (EEG) devices are medical devices that measure and record the electrical activity in the brain. These devices detect electrical signals generated by neuronal activity through electrodes placed on the scalp. EEG is frequently utilized in clinical settings to diagnose and monitor conditions such as epilepsy, sleep disorders, brain injuries, and various neurological disorders.
Electroencephalography Devices Global Market Report 2023 provides data on the global electroencephalography devices market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The electroencephalography devices market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.