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Global Electroencephalography Devices Market, Size, Trends, and Growth Opportunity, By Type (Portable Device and Standalone Device), By End User (Hospitals Diagnostic, Centers, and Others), By Region and Forecast to 2030.


Report ID : IR1002394 | Industries : Energy & Power | Published On :July 2024 | Page Count : 232

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  • Global Electroencephalography Devices Market, Size, Trends, and Growth Opportunity, By Type (Portable Device and Standalone Device), By End User (Hospitals Diagnostic, Centers, and Others), By Region and Forecast to 2030.
    Global Electroencephalography Devices Market 
    The Global Electroencephalography Devices Market was valued at USD 1.40 billion in 2022 and is expected to reach 2.58 million by 2030, at a CAGR 5.12% during the forecast period 2023- 2030.
    Equipment for electroencephalography is used to track the electrical activity of the brain. However, because these electrical signals are so faint, a voltage amplifier is used to amplify them. The results from EEG equipment are used to identify different neurological conditions, as well as to track anesthesia patients and sleep disturbances. Electrodes affixed to the patient's scalp allow the device to gather a reading of the patient's brain wave activity. Hospitals, diagnostic labs, ambulatory surgery centers, and other facilities frequently use EEG equipment. 
    Market Drivers
    The frequency of neurological illnesses is rising, and people are becoming more aware of them, which are two important drivers of growth. Electroencephalography (EEG) devices are increasingly being used in part due to the high prevalence of Parkinson's disease, epilepsy, Alzheimer's, dementia, multiple sclerosis, and stroke. The market for electroencephalography systems is increasing as a result of manufacturers expanding R&D expenditures to produce cutting-edge brain monitoring devices. To meet the growing demand for cutting-edge technology, businesses are spending on R&D to enhance their current offerings and create new ones.
    Market Restraints
    Market expansion is anticipated to be hindered by the equipment's high cost. Additionally, the lack of reimbursement for electroencephalography operations is anticipated to hinder the market for electroencephalography devices during the forecast period.
    Market Segmentation
    Global Electroencephalography Devices Market is segmented into Type and End User.
    Based on Type, the market is classified into Portable Device, and Standalone Device.
    Based on End User, the market is segmented into Hospitals diagnostics, Centers, and Others.
    Regional Analysis
    The Global Electroencephalography Devices Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
    Due to an increase in neurological disorders and the prevalence of sleep disorders, North America is predicted to account for a sizable portion of the global market for electroencephalography systems devices. The diagnostic and laboratory services at mental health facilities were disrupted in 11 of 28 countries (39.3%), while psychotherapy and counseling services were partially or completely disrupted in more than half of North American countries, according to the World Health Organization (WHO) and Pan American Health Organization (PAHO) 2020 survey.
    Key Players
    Various key players are discussed in the Global Electroencephalography Devices Market Report including: Advanced Brain Monitoring, Inc., Cadwell Industries, Inc., Cephalon A/S, Compumedics Limited, Fresenius SE & Co. KGaA, General Electric Company (GE Healthcare), Koninklijke Philips N.V. (Philips Healthcare), Medtronic plc., Natus Medical Incorporated, and Nihon Kohden Corporation.      
    Key Development  
    Building on Interaxon's second-generation EEG meditation and sleep headband, the company introduced the VR Software Development Kit (SDK) and a new EEG headband compatible with all popular VR head-mounted displays (HMDs) in March 2022.
    The United States Food and Drug Administration (FDA) granted Breakthrough Device Designation to Ceribell, Inc. in September 2022 for its delirium indication; the system uses machine learning to analyse electroencephalography (EEG) signals to diagnose delirium.    
    Market Taxonomy
    By Type 
    • Portable Device
    • Standalone Device
    By End User
    • Hospitals Diagnostic
    • Centers
    • Others
    By Region
    • North America   
    • Latin America     
    • Europe       
    • Asia Pacific      
    • Middle East & Africa


     

    Global Electroencephalography Devices Market 
    1 Introduction 
    1.1 Objective of the Study
    1.2 Market definition
    1.3 Market Scope
    2 Research Methodology
    2.1 Data Mining
    2.2 Validation
    2.3 Primary Interviews
    2.4 List of Data Sources
    3 Executive Summary
    4 Global Electroencephalography Devices Market Outlook
    4.1 Overview
    4.2 Market Dynamics
    4.2.1 Drivers
    4.2.2 Restraints
    4.2.3 Opportunities
    4.2.4 Cumulative Impact due to recent Energy Crisis
    4.2.5 Cumulative Impact due to nearing economic downturn 
    4.2.6 Post covid-19 world Supply & Demand conditions
    4.2.7 Cumulative Impact of Russia-Ukraine Conflict
    4.3 Porters Five Force Model
    4.4 Value Chain Analysis
    5 Global Electroencephalography Devices Market, By Type
    5.1 Y-o-Y Growth Comparison, By Type
    5.2 Global Electroencephalography Devices Market Share Analysis, By Type
    5.3 Global Electroencephalography Devices Market Size and Forecast, By Type
    5.3.1 Portable Device
    5.3.2 Standalone Device
    6 Global Electroencephalography Devices Market, By End User
    6.1 Y-o-Y Growth Comparison, By End User
    6.2 Global Electroencephalography Devices Market Share Analysis, By End User
    6.3 Global Electroencephalography Devices Market Size and Forecast, By End User
    6.3.1 Hospitals Diagnostic
    6.3.2 Centers
    6.3.3 Others 
    7 Global Electroencephalography Devices Market, By Region
    7.1 Global Electroencephalography Devices Market Share Analysis, By Region
    7.2 Global Electroencephalography Devices Market Size and Forecast, By Region
    8 North America Global Electroencephalography Devices Market Analysis and Forecast (2023-2030)
    8.1 Introduction
    8.2 North America Global Electroencephalography Devices Market Share Analysis, By Type
    8.3 North America Global Electroencephalography Devices Market Size and Forecast, By End User
    8.4 North America Global Electroencephalography Devices Market Size and Forecast, By Country
    8.4.1 U.S.
    8.4.2 Canada
    8.4.3 Mexico
    9 Europe Global Electroencephalography Devices Market Analysis and Forecast (2023-2030)
    9.1 Introduction
    9.2 Europe Global Electroencephalography Devices Market Share Analysis, By Type 
    9.3 Europe Global Electroencephalography Devices Market Size and Forecast, By End User
    9.4 Europe Global Electroencephalography Devices Market Size and Forecast, By Country
    9.4.1 Germany
    9.4.2 France
    9.4.3 UK
    9.4.4 Rest of Europe
    10 Asia Pacific Global Electroencephalography Devices Market Analysis and Forecast (2023-2030)
    10.1 Introduction
    10.2 Asia Pacific Global Electroencephalography Devices Market Share Analysis, By Type   
    10.3 Asia Pacific Global Electroencephalography Devices Market Size and Forecast, By End User
    10.4 Asia Pacific Global Electroencephalography Devices Market Size and Forecast, By Country
    10.4.1 China 
    10.4.2 Japan
    10.4.3 India
    10.4.4 Rest of Asia Pacific
    11 Latin America Global Electroencephalography Devices Market Analysis and Forecast (2023-2030)
    11.1 Introduction
    11.2 Latin America Global Electroencephalography Devices Market Share Analysis, By Type  
    11.3 Latin America Global Electroencephalography Devices Market Size and Forecast, By End User
    11.4 Latin America Global Electroencephalography Devices Market Size and Forecast, Country
    11.4.1 Brazil
    11.4.2 Rest of Latin America
    12 Middle East Global Electroencephalography Devices Market Analysis and Forecast (2023-2030)
    12.1 Introduction
     12.2 Middle East Global Electroencephalography Devices Market Share Analysis, By Type  
    12.3 Middle East Global Electroencephalography Devices Market Size and Forecast, By End User
    12.4 Middle East Global Electroencephalography Devices Market Size and Forecast, By Country
    12.4.1 Saudi Arabia
    12.4.2 UAE
    12.4.3 Egypt
    15.4.4 Kuwait
    12.4.5 South Africa
    13 Competitive Analysis
    13.1 Competition Dashboard
    13.2 Market share Analysis of Top Vendors
    13.3 Key Development Strategies
    14Company Profiles
    14.1 Advanced Brain Monitoring, Inc.
    14.1.1 Overview
    14.1.2 Offerings
    14.1.3 Key Financials
    14.1.4 Business Segment & Geographic Overview
    14.1.5 Key Market Developments
    14.1.6 Key Strategies
    14.2 Cadwell Industries, Inc.
    14.2.1 Overview
    14.2.2 Offerings
    14.2.3 Key Financials
    14.2.4 Business Segment & Geographic Overview
    14.2.5 Key Market Developments
    14.2.6 Key Strategies
    14.3 Cephalon A/S
    14.3.1 Overview
    14.3.2 Offerings
    14.3.3 Key Financials
    14.3.4 Business Segment & Geographic Overview
    14.3.5 Key Market Developments
    14.3.6 Key Strategies
    14.4 Compumedics Limited
    14.4.1 Overview
    14.4.2 Offerings
    14.4.3 Key Financials
    14.4.4 Business Segment & Geographic Overview
    14.4.5 Key Market Developments
    14.4.6 Key Strategies
    14.5 Fresenius SE & Co. KGaA
    14.5.1 Overview
    14.5.2 Offerings
    14.5.3 Key Financials
    14.5.4 Business Segment & Geographic Overview
    14.5.5 Key Market Developments
    14.5.6 Key Strategies
    14.6 General Electric Company (GE Healthcare)
    14.6.1 Overview
    14.6.2 Offerings
    14.6.3 Key Financials
    14.6.4 Business Segment & Geographic Overview
    14.6.5 Key Market Developments
    14.6.6 Key Strategies
    14.7 Koninklijke Philips N.V. (Philips Healthcare)
    14.7.1 Overview
    14.7.2 Offerings
    14.7.3 Key Financials
    14.7.4 Business Segment & Geographic Overview
    14.7.5 Key Market Developments
    14.7.6 Key Strategies