Electroencephalography Devices Market Key Players, Industry insight & Growth Driver Analysis

Market Analysis and Insights: Global Electroencephalography Devices Market

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 4.9% in the forecast period of 2021 to 2028 and is expected to reach USD 1,638.15 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.

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Electroencephalography Devices Market scope and market size

The Global 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.

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Global Electroencephalography Devices Market Country Level Analysis

Global 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 global electroencephalography devices market report are the U.S., Canada, Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, rest of Europe, China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Israel, Egypt, rest of Middle East and Africa, Brazil, Argentina and rest of South America.

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. Germany is dominating 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. China is dominating in the Asia-Pacific electroencephalography devices market because of the strategic initiatives being taken for the devices segment 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 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 global 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.

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

The major players covered in the global electroencephalography devices market report 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, Neurosoft S.A., EMS Handels Gesellschaft mbH, Jordan NeuroScience, Inc., BrainScope Company Inc., Advanced Brain Monitoring, Inc., EB Neuro S.p.A., g.tec medical engineering GmbH Austria, Bitbrain Technologies, Electrical Geodesics, Inc., Masimo, ELMIKO MEDICAL sp. Z oo, Micromed among other domestic and global players. 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.

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