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Eeg (Electroencephalography) Devices Market Analysis

Read here the latest Market Insights on u201cEeg (electroencephalography) devices market analysisu201d published by CMI research team.

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Eeg (Electroencephalography) Devices Market Analysis

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  1. Coherent market insightsMarket Research and Business Consulting Services EEG (ELECTROENCEPHALOGRAPHY) DEVICES MARKET ANALYSIS • https://www.coherentmarketinsights.com/market-insight/electroencephalography-devices-market-1665

  2. Market Overview • Electroencephalography (EEG) is a neurological test that is used to measure and record electrical activities in the brain. The test is used in the diagnosis of various neurological disorders such as epilepsy, Parkinson’s disease, and Alzheimer's disease. EEG monitoring is also used in the diagnosis of seizures and epilepsy in children. There are different types of EEG (Electroencephalography) devices such as standalone, portable, and wireless, depending on the modality of the device.

  3. EEG (Electroencephalography) Devices Market, by Device Type (8-Channel EEG, 21-Channel EEG, 32-Channel EEG, 64-Channel EEG, and Others), by Modality (Standalone and Portable), by End User (Hospitals, Diagnostic Centers, and Others), and by Geography - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

  4. Global EEG Devices Market: Drivers • High incidence of neurological disorders such as epilepsy, Parkinson disease, Alzheimer and other dementias, and cerebrovascular diseases is expected to boost growth of the global EEG (Electroencephalography) devices market over the forecast period. Moreover, the prevalence of cerebrovascular diseases is higher compared to other disorders such as epilepsy, Alzheimer’s disease, migraine, and meningitis. For instance, according to the World Health Organization (WHO), the percentage of total disability-adjusted life years (DALYs) of epilepsy is expected to account for 0.5% while of cerebrovascular diseases for 3.6%. Moreover, percentage of total DALYs of cerebrovascular disease is projected to reach 3.9%, while that of epilepsy is expected to remain more or less constant by 2030.

  5. North America region dominated the global EEG (Electroencephalography) devices market in 2018, accounting for 43.6% share in terms of volume, followed by Europe. • Figure 1. Global EEG (Electroencephalography) Devices Market Value (US$ Mn), by Region, 2018

  6. Restraints • However, neurological study requires skilled professionals to operate and administer testing in accurate manner. Therefore, lack of skilled professionals is expected to hinder growth of the global EEG devices market. Moreover, setup of conventional EEG is a time consuming process and may lead to patient inconvenience and EEG test offers poor spatial resolution compared to other brain monitoring techniques such as functional magnetic resonance imaging (fMRI) and electromyography (EMG), which is expected to further restrict growth of the market over the forecast period.

  7. Global EEG (Electroencephalography) Devices Market: Opportunities   • Development of wireless devices and brain-controlled interface technology can enhance patient convenience and offer growth opportunities for market players. For instance, Brain Products GmbH offers LiveAmp—a wireless EEG solution. LiveAmp has internal data storage and can be used in research related to sports, sleep, and cognitive behavior.

  8. Moreover, increasing use of EEG devices for event-related potential (ERP) detection is also expected to offer lucrative growth opportunities for the market players. For instance, Advanced Brain Monitoring, Inc. offers B-Alert X24—a product that aids Defense Advanced Research Projects Agency (DARPA) in real time ERP detection. The product is portable, easy-to-use, wireless, and comfortable for hours of EEG monitoring.    

  9. Global 25 Channel EEG (Electroencephalography) devices segment was valued at US$ 287.8 Mn market in 2018 and is forecast to reach a value of US$ 530.6 by 2027 at a CAGR of 7.3% between 2019 and 2027

  10. Competitive Landscape • Major players in the market are focused on adopting product launch strategies to expand their product portfolio. For instance, on January, 2019, BrainScope a medical neuro-technology company focused on concussion and mild traumatic brain injury received FDA clearance for multi parameter and expansion of product indications for Brainscope One.

  11. Key players in the market are also focused on adopting expansion strategies to expand their product portfolio. For instance, on October 2018 Lifelines Neurodiagnostic Systems, Inc., a provider of neurodiagnostic equipment and services completed acquisition of Incereb Ltd. The acquisition is anticipated to increase its market presence in developing market and expand its product portfolio. • Major players operating in the global EEG (Electroencephalography) devices market include Cadwell Laboratories Inc., Compumedics Limited, Natus Medical Incorporated, Neurosoft Ltd., Elekta AB, Electrical Geodesics, Inc., NeuroWave Systems Inc., EB NeuroS.p.A., and Nihon Kohden Corporation.

  12. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst • https://www.coherentmarketinsights.com/market-insight/electroencephalography-devices-market-1665

  13. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: Customized Market Research Services Industry Analysis Services Business Consulting Services Market Intelligence Services Long term Engagement Model Country Specific Analysis

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