Electroencephalography Devices Market Growth, Demand, Application, Scope and Opportunities Analysis by Natus Medical Incorporated, Nihon Kohden Corporation, Koninklijke Philips, General Electric Company

Global electroencephalography devices market is expected to rise to an estimated value of USD 15.74 billion by 2026, growing with a substantial rate of CAGR of 7% in the forecast period of 2019-2026. This rise in the market can be attributed to the rising occurrence of technological developments and growing incidence of traumatic brain injuries in the industry. Electroencephalography Devices Market By Product Type (MRI, CT, PET, EEG, EMG, MEG, TCD, ICP, Electrodes, Sensors, Gels, Cables), Application (Diagnostics, Therapeutics), Procedure (Invasive, Non-Invasive), Disease (TBI, Stroke, Dementia, Epilepsy),Indication(Atrial Septal Defect (ASD), Ventricular Septal Defect (VSD), Patent Foramen Ovale (PFO), Aortic Valve Stenosis, Others), Device Type (8-Channel EEG, 21-Channel EEG, 32-Channel EEG, 64-Channel EEG, Others), Modality (Standalone, Portable), End-Users (Hospitals, Clinics, Diagnostic Centers), Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa)  – Industry Trends & Forecast to 2026

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Few of the major market competitors currently working in the global electroencephalography devices market are Natus Medical Incorporated, Nihon Kohden Corporation, Koninklijke Philips, General Electric Company, Siemens Healthcare, Compumedics Limited, Medtronic, CASMED, Advanced Brain Monitoring, Inc., BrainScope, NeuroWave Systems Inc., Cadwell Industries, Inc., Jordan NeuroScience, Inc, Quest Diagnostics Incorporated, HYCOR Biomedical, Hitachi Chemical Diagnostics, Inc., Thermo Fisher Scientific, Stallergenes Greer, Danaher, HOB Biotech Group Corp., Ltd  and others.

Market Definition: Global Electroencephalography Devices Market

Electroencephalography devices are used to record electrical action produced by the human brain or neurological disorders in a person. EEG device comprises the usage of electrodes to track electrical signals in the person’s brain, and to check for abnormalities in acquired brain signals.

Market Drivers

• Growing incidence of neurological disorders
• Demand for EEG devices in hospitals and diagnostics centers

Market Restraints

• High cost of complex brain monitoring devices and procedures
• Unfavorable reimbursement policies

Segmentation: Global Electroencephalography Devices Market

By Product Type

• MRI scanners
• CT scanners
• PET scanners
• Electroencephalography Devices (EEG)
• Electromyography Devices (EMG)
• MEG Devices
• TCD Devices
• Intracranial Pressure Monitors (ICP)
• Electrodes
• Sensors
• Gels
• Cables

By Application

• Diagnostics
• Therapeutics

By Procedure

• Invasive
• Non-Invasive

By Disease

• TBI
• Stroke
• Dementia
• Epilepsy

By Indication

• Atrial Septal Defect (ASD)
• Ventricular Septal Defect (VSD)
• Patent Foramen Ovale (PFO)
• Aortic Valve Stenosis
• Others

By Device Type

• 8-Channel EEG
• 21-Channel EEG
• 32-Channel EEG
• 64-Channel EEG
• Others

By Modality

• Standalone
• Portable

By End User

• Hospitals
• Clinics
• Diagnostic Centers

By Geography

• North America
  • US
  • Canada
  • Mexico
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Turkey
  • Belgium
  • Netherlands
  • Switzerland
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • South Korea
  • India
  • Australia
  • Singapore
  • Malaysia
  • Indonesia
  • Thailand
  • Philippines
  • Rest of Asia-Pacific
• Middle East and Africa
  • South Africa
  • Egypt
  • Saudi Arabia
  • United Arab Emirates
  • Israel
  • Rest of Middle East and Africa

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Key Developments in the Market:

• In March 2019, International companies like Tesla and facebook have successfully announced plans to develop Brain computer interface. BCI companies’ product portfolios in head-mounted devices, software, electrodes, BCI systems, and bio-sensors.BCI applications in entertainment/gaming, personal training, education, and daily activities

Competitive Analysis: Global Electroencephalography Devices Market

Global electroencephalography devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares electroencephalography devices market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Reasons to Purchase this Report

• Current and future of global electroencephalography devices market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
• Regions/Countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

• All segmentation provided above in this report is represented at country level
• All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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