The electroencephalography (EEG) devices market size is expected to reach USD 1.83 billion by 2028 according to a new study by Polaris Market Research. The report “Electroencephalography (EEG) Devices Market Share, Size, Trends, Industry Analysis Report, By Modality (Portable, Standalone); By Application (Trauma & Surgery, Disease Diagnosis, Anesthesia Monitoring, Sleep Monitoring, Others); By Product; By End-Use; By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The standalone segment dominated the global market for electroencephalography devices in 2020. However, the demand for portable EEG devices market is expected to increase during the forecast period. Portable electroencephalography (EEG) devices are increasingly being used in ambulatory centers and homecare of patients. Some benefits associated with the portable market segment include reduced costs, mobility, lightweight, shorter installation time, and reduced traveling for patients.
The different applications of electroencephalography devices include trauma and surgery, disease diagnosis, anesthesia monitoring, sleep monitoring, and others. Electroencephalography devices are increasingly being used for disease diagnoses such as brain tumors, brain damage from a head injury, brain dysfunction, inflammation of the brain, and strokes among others.
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North America dominated the global market for electroencephalography devices in 2020 and is expected to maintain its dominance over the forecast period. The rising occurrence of neurological diseases, availability of technologically advanced equipment, and presence of well-established healthcare infrastructure increase the demand for electroencephalography devices in North America.
Asia Pacific market is expected to experience significant growth during the forecast period owing to the growing population, increasing health awareness, and rising spending on healthcare. Leading global players are expanding their presence in developing nations of China, Japan, India, and South Korea to tap the growth opportunities offered by these countries.
Some of the major market participants include Medtronic, Cadwell Laboratories, Inc., Neurosoft Ltd., Compumedics Ltd., Elekta AB, NeuroWave Systems, Inc., Electrical Geodesics, Inc., BrainScope Company Inc., Koninklijke Philips, Natus Medical, Inc., Nihon Kohden America, Inc., Noraxon U.S.A., Inc., Lifelines Neurodiagnostic Systems Inc., Bio-Signal Group Corp., Jordan NeuroScience Inc., and Cephalon A/S.
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Polaris Market Research has segmented the electroencephalography (EEG) devices market report on the basis of modality, product, application, end-use, and region:
Electroencephalography (EEG) Devices Modality Outlook (Revenue, USD Million, 2016 – 2028)
- Portable
- Standalone
Electroencephalography (EEG) Devices Application Outlook (Revenue, USD Million, 2016 – 2028)
- Trauma & Surgery
- Disease Diagnosis
- Anesthesia Monitoring
- Sleep Monitoring
- Others
Electroencephalography (EEG) Devices Product Outlook (Revenue, USD Million, 2016 – 2028)
- 8-channel EEG
- 21-channel EEG
- 25-channel EEG
- 32-channel EEG
- 40-channel EEG
- Multichannel EEG
- Others
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