Electroencephalography Devices Market by Product (Multichannel EEG, 8-channel EEG, 21-channel EEG, 25-channel EEG, 32-channel EEG, 40-channel EEG), Type (Portable Devices, Standalone Devices), End User (Diagnostic Centres, Hospitals), and by Region - Global Forecast to 2022-2033

The electroencephalography devices market size is estimated to be USD 1,458.5 million in 2022 and is expected to witness a CAGR of 10.51% during the forecast period 2023-2033. Higher incidence of neurological disorders and public awareness are factors contributing to the market growth. Furthermore, increasing investments by key market players and surge in incidence of epilepsy, alzheimer, multiple sclerosis, Parkinson’s disease, and stroke is expected to propel the market growth. However, high price of the equipment and lack of reimbursements for electroencephalography treatments is expected to hinder the growth.

Surge in incidence of epilepsy, alzheimer, multiple sclerosis, Parkinson’s disease, and stroke is expected to fuel the market growth during the forecast period. The Alzheimer’s Association reports that in 2022, there will be nearly 6.5 million Americans 65 and older who have Alzheimer’s. A staggering 73% of people are 75 years or older. The ALS Association estimates that 12.7 million people aged 65 and over will have Alzheimer’s disease by 2050. Stroke was the fifth most common cause of death in the United States, according to estimates from the Centers for Disease Control and Prevention’s (CDC) National Vital Statistics Report.

Increasing investments by key market players is predicted to support the market growth during the projected period. To meet the growing demand for cutting-edge technology, companies are investing in R&D to enhance their current offerings and develop new ones. The market for electroencephalography systems is expanding as a result of manufacturers’ increasing R&D expenditures to produce cutting-edge brain monitoring equipment.

Segmentation

By Product

The market is categorized into Multichannel EEG, 8-channel EEG, 21-channel EEG, 25-channel EEG, 32-channel EEG, and 40-channel EEG. In 2022, the 32-channel EEG segment accounted for the highest revenue share due to the growing use of 32-channel EEG equipment by healthcare practitioners and technological advancements in such products. The 25-channel EEG & 40-channel EEG segments will surpass the 32-channel EEG segment in terms of revenue. Throughout the forecast period, these segments are anticipated to exhibit at a substantial CAGR. Products provided by businesses including Nihon Kohden Corporation’s Neurofax EEG-1200 Diagnostic and Monitoring Platform are anticipated to grow in popularity. Multi-channel EEG devices are used to capture electrical activity in the brain in order to identify tumours, diagnose neurological diseases, strokes, and other brain disorders. The businesses selling these products include Natus Medical Inc., Compumedics Limited among others.

By Type

The market is categorized into portable devices and standalone devices. In the global market, the standalone devices segment accounted for the largest revenue share in 2022 owing to the numerous uses for these devices in critical care. The most frequent type of EEGs are standalone devices. Standalone EEG systems are fixed or implanted at a specific location. Numerous individuals have been admitted to hospitals for treatment due to the rise in neurological diseases such tumours, cerebral palsy, strokes, and other brain-related problems. This has significantly influenced the rise in the adoption of independent devices in these circumstances. The portable devices segment is anticipated to have the greatest CAGR during the projected period. Manufacturers’ increased emphasis on technological advancements including portability, light weight, and simultaneous raw data gathering are significant growth-promoting factors. Additionally, increasing demand for portable equipment for clinical research and field is anticipated to be positive for the segment’s expansion.

By End User

The market is segmented into diagnostic centres, hospitals, and others. In 2022, the hospitals segment accounted for the largest revenue share owing to rising number of patients with traumatic brain injuries, epilepsy, and other neurological disorders. The segment is expanding as a result of growing focus given to the construction of healthcare infrastructure in developing nations in Asia Pacific and Africa. Hospitals are the main end-users of ECG devices due to their requirement to record the rhythm and electrical activity and thoroughly analyse the results for clinical and research purposes. As a result of significant patient turnover and frequent readmissions, this market segment thus possessed a dominant position in 2022. The segment for diagnostic centres is anticipated to develop at the fastest rate during the study period growing public awareness of neurodegenerative illnesses. The demand for advanced EEG devices for disease detection and prevention is growing as public awareness increases.

Regional Markets

In 2022, North America region accounted for the highest revenue in the electroencephalography devices market and is expected to maintain its dominance during the forecast period. This is attributed to increasing incidence of various sleep and neurodegenerative problems and the accessibility to insurance. Additionally, it is projected that the region’s robust distribution and sales networks of top vendors and its well-developed healthcare infrastructure will promote growth. The use of these devices for the diagnosis of neurological disorders has grown in the United States as a result of favourable reimbursement regulations. The dominance of the regional market was influenced by the presence of governmental entities such as the National Institute of Neurological Disorders and Stroke (NINDS), which funds R&D efforts relevant to the treatment of brain neurological disorders. Europe is expected to witness sustained growth during the projection period due to its established healthcare system. The launch of numerous non-profit groups such as the European Multiple Sclerosis Platform (EMSP) is anticipated to significantly expand the market.

Competitor Insights

Some of the key players operating in the electroencephalography devices market are Electrical Geodesics, Inc., NeuroWave Systems, Inc., Cadwell Laboratories, Inc., Compumedics Ltd., Medtronic, Noraxon U.S.A., Inc., and Nihon Kohden America, Inc.

To achieve a competitive edge, these companies are implementing a variety of growth strategies. Strategic partnerships, alliances, and agreements with different businesses and research institutions are seen to be the main strategies used by companies in this sector.

  • Companies including Electrical Geodesics, Inc., Medtronic, and Cadwell Industries, Inc. have a broad product offering and a significant regional presence.

This comprehensive research report focuses on the global and regional market size and forecasts of diverse segments including product, type, and end user from 2023 to 2033.

Report Scope:

Key Parameters Details
Market size in 2022
  • USD 3,207.1 Million
CAGR
  • 9.67%
Base Year
  • 2022
Forecast Period
  • 2023-2033
Study Coverage
  • Global and regional market size and revenue forecast
  • Segment market size and revenue forecast at global, regional, and country level
  • Competitive landscape (company share analysis, company profiles, recent development, competitive map analysis)
  • Conclusion and recommendations
Qualitative Analysis
  • Market drivers
  • Market restraints
  • Market opportunities
  • Recent market trends
  • Market challenges
  • Porter’s Five Forces analysis
  • PEST analysis
  • COVID-19 impact analysis
Segment Market Scope
  • Product
  • Type
  • End Use
Regional Market Scope
  • North America
    (U.S. and Canada)
  • Europe
    (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
  • Asia Pacific
    (China, Japan, India, Australia, South Korea, Rest of APAC)
  • Latin America
    (Brazil, Mexico, Argentina, Rest of LATAM)
  • MEA
    (South Africa, GCC, Rest of MEA)
Company Profiles
  • Exhaustive profiles of top 10 players
  • Other major players listing
15% Free Customization Available
  • You can customize the study scope to meet your exact requirement. Click here for more details

Segmentation: Electroencephalography Devices Market Report 2022 – 2033

Product (Revenue, USD Million), 2022 – 2033

  • Multichannel EEG
  • 8-channel EEG
  • 21-channel EEG
  • 25-channel EEG
  • 32-channel EEG
  • 40-channel EEG

Type (Revenue, USD Million), 2022 – 2033

  • Portable Devices
  • Standalone Devices

End user (Revenue, USD Million), 2022 – 2033

  • Diagnostic Centres
  • Hospitals
  • Others

By Region (Revenue, USD Million), 2022 – 2033

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of LATAM
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Rest of MEA

Table of Contents: Electroencephalography Devices Market 2022-2033

  1. Research Methodology
    1. Study Objectives
    2. Study Scope
    3. Research Framework
      1. Research Models
        1. Bottom-up Approach
        2. Top-down Approach
        3. Data Triangulation
      2. Data Analysis
        1. Data Validation
        2. Market Size Estimation
        3. Market Forecast Model
  1. Introduction: Electroencephalography Devices
  2. Executive Summary
  3. Market Dynamics
    1. Market Drivers
      1. Driver 1
      2. Driver 2
      3. Driver 3
      4. Driver 4
    2. Market Restraint
      1. Restraint 1
      2. Restraint 2
      3. Restraint 3
    3. Market Opportunities
      1. Opportunity 1
      2. Opportunity 2
      3. Opportunity 3
    4. Market Trends
      1. Trend 1
      2. Trend 2
      3. Trend 3
    5. Market Challenges
      1. Challenge 1
      2. Challenge 2
      3. Challenge 3
  1. Market Environment Analysis
    1. Porter’s 5 Forces Analysis
    2. PESTEL Analysis
    3. SWOT Analysis
  2. COVID-19 Impact Analysis: Electroencephalography Devices Market
  3. Market Analysis by Product
    1. Multichannel EEG
      1. Multichannel EEG Market Forecast, 2022-2033(USD Million)
    2. 8-channel EEG
      1. 8-channel EEG Market Forecast, 2022-2033(USD Million)
    3. 21-channel EEG
      1. 21-channel EEG Market Forecast, 2022-2033(USD Million)
    4. 25-channel EEG
      1. 25-channel EEG Market Forecast, 2022-2033(USD Million)
    5. 32-channel EEG
      1. 32-channel EEG Market Forecast, 2022-2033(USD Million)
    6. 40-channel EEG
      1. 40-channel EEG Market Forecast, 2022-2033(USD Million)
  1. Market Analysis by Type
    1. Portable Devices
      1. Portable Devices Market Forecast, 2022-2033(USD Million)
    2. Standalone Devices
      1. Standalone Devices Market Forecast, 2022-2033(USD Million)
  1. Market Analysis by End User
    1. Diagnostic Centres
      1. Diagnostic Centres Market Forecast, 2022-2033(USD Million)
    2. Hospitals
      1. Hospitals Market Forecast, 2022-2033(USD Million)
    3. Others
      1. Others Market Forecast, 2022-2033(USD Million)
  1. Regional Market Analysis
    1. Regional Market Trends Analysis
  2. North America Electroencephalography Devices Market
    1. North America Electroencephalography Devices Market
      1. North America Market Size and Forecast, 2022-2033(USD Million)
        1. Market Size and Forecast by Product, 2022-2033(USD Million)
        2. Market Size and Forecast by Type, 2022-2033(USD Million)
        3. Market Size and Forecast by End User, 2022-2033(USD Million)
      2. S. Electroencephalography Devices Market
        1. S. Market Size and Forecast, 2022-2033(USD Million)
          1. Market Size and Forecast by Product, 2022-2033(USD Million)
          2. Market Size and Forecast by Type, 2022-2033(USD Million)
          3. Market Size and Forecast by End User, 2022-2033(USD Million)
        2. Canada Electroencephalography Devices Market
          1. Canada Market Size and Forecast, 2022-2033(USD Million)
            1. Market Size and Forecast by Product, 2022-2033(USD Million)
            2. Market Size and Forecast by Type, 2022-2033(USD Million)
            3. Market Size and Forecast by End User, 2022-2033(USD Million)
  1. Europe Electroencephalography Devices Market
    1. Europe Electroencephalography Devices Market
      1. Europe Market Size and Forecast, 2022-2033(USD Million)
        1. Market Size and Forecast by Product, 2022-2033(USD Million)
        2. Market Size and Forecast by Type, 2022-2033(USD Million)
        3. Market Size and Forecast by End User, 2022-2033(USD Million)
      2. Germany Electroencephalography Devices Market
        1. Germany Market Size and Forecast, 2022-2033(USD Million)
          1. Market Size and Forecast by Product, 2022-2033(USD Million)
          2. Market Size and Forecast by Type, 2022-2033(USD Million)
          3. Market Size and Forecast by End User, 2022-2033(USD Million)
        2. UK Electroencephalography Devices Market
          1. UK Market Size and Forecast, 2022-2033(USD Million)
            1. Market Size and Forecast by Product, 2022-2033(USD Million)
            2. Market Size and Forecast by Type, 2022-2033(USD Million)
            3. Market Size and Forecast by End User, 2022-2033(USD Million)
          2. France Electroencephalography Devices Market
            1. France Market Size and Forecast, 2022-2033(USD Million)
              1. Market Size and Forecast by Product, 2022-2033(USD Million)
              2. Market Size and Forecast by Type, 2022-2033(USD Million)
              3. Market Size and Forecast by End User, 2022-2033(USD Million)
            2. Spain Electroencephalography Devices Market
              1. Spain Market Size and Forecast, 2022-2033(USD Million)
                1. Market Size and Forecast by Product, 2022-2033(USD Million)
                2. Market Size and Forecast by Type, 2022-2033(USD Million)
                3. Market Size and Forecast by End User, 2022-2033(USD Million)
              2. Italy Electroencephalography Devices Market
                1. Italy Market Size and Forecast, 2022-2033(USD Million)
                  1. Market Size and Forecast by Product, 2022-2033(USD Million)
                  2. Market Size and Forecast by Type, 2022-2033(USD Million)
                  3. Market Size and Forecast by End User, 2022-2033(USD Million)
                2. Rest of Europe Electroencephalography Devices Market
                  1. Rest of Europe Market Size and Forecast, 2022-2033(USD Million)
                    1. Market Size and Forecast by Product, 2022-2033(USD Million)
                    2. Market Size and Forecast by Type, 2022-2033(USD Million)
                    3. Market Size and Forecast by End User, 2022-2033(USD Million)
  1. Asia Pacific Electroencephalography Devices Market
    1. Asia Pacific Electroencephalography Devices Market
      1. Asia Pacific Market Size and Forecast, 2022-2033(USD Million)
        1. Market Size and Forecast by Product, 2022-2033(USD Million)
        2. Market Size and Forecast by Type, 2022-2033(USD Million)
        3. Market Size and Forecast by End User, 2022-2033(USD Million)
      2. Japan Electroencephalography Devices Market
        1. Japan Market Size and Forecast, 2022-2033(USD Million)
          1. Market Size and Forecast by Product, 2022-2033(USD Million)
          2. Market Size and Forecast by Type, 2022-2033(USD Million)
          3. Market Size and Forecast by End User, 2022-2033(USD Million)
        2. China Electroencephalography Devices Market
          1. China Market Size and Forecast, 2022-2033(USD Million)
            1. Market Size and Forecast by Product, 2022-2033(USD Million)
            2. Market Size and Forecast by Type, 2022-2033(USD Million)
            3. Market Size and Forecast by End User, 2022-2033(USD Million)
          2. India Electroencephalography Devices Market
            1. India Market Size and Forecast, 2022-2033(USD Million)
              1. Market Size and Forecast by Product, 2022-2033(USD Million)
              2. Market Size and Forecast by Type, 2022-2033(USD Million)
              3. Market Size and Forecast by End User, 2022-2033(USD Million)
            2. South Korea Electroencephalography Devices Market
              1. South Korea Market Size and Forecast, 2022-2033(USD Million)
                1. Market Size and Forecast by Product, 2022-2033(USD Million)
                2. Market Size and Forecast by Type, 2022-2033(USD Million)
                3. Market Size and Forecast by End User, 2022-2033(USD Million)
              2. Australia Electroencephalography Devices Market
                1. Australia Market Size and Forecast, 2022-2033(USD Million)
                  1. Market Size and Forecast by Product, 2022-2033(USD Million)
                  2. Market Size and Forecast by Type, 2022-2033(USD Million)
                  3. Market Size and Forecast by End User, 2022-2033(USD Million)
                2. Rest of Asia Pacific Electroencephalography Devices Market
                  1. Rest of Asia Pacific Market Size and Forecast, 2022-2033(USD Million)
                    1. Market Size and Forecast by Product, 2022-2033(USD Million)
                    2. Market Size and Forecast by Type, 2022-2033(USD Million)
                    3. Market Size and Forecast by End User, 2022-2033(USD Million)
  1. Latin America Electroencephalography Devices Market
    1. Latin America Electroencephalography Devices Market
      1. Latin America Market Size and Forecast, 2022-2033(USD Million)
        1. Market Size and Forecast by Product, 2022-2033(USD Million)
        2. Market Size and Forecast by Type, 2022-2033(USD Million)
        3. Market Size and Forecast by End User, 2022-2033(USD Million)
      2. Brazil Electroencephalography Devices Market
        1. Brazil Market Size and Forecast, 2022-2033(USD Million)
          1. Market Size and Forecast by Product, 2022-2033(USD Million)
          2. Market Size and Forecast by Type, 2022-2033(USD Million)
          3. Market Size and Forecast by End User, 2022-2033(USD Million)
        2. Mexico Electroencephalography Devices Market
          1. Mexico Market Size and Forecast, 2022-2033(USD Million)
            1. Market Size and Forecast by Product, 2022-2033(USD Million)
            2. Market Size and Forecast by Type, 2022-2033(USD Million)
            3. Market Size and Forecast by End User, 2022-2033(USD Million)
          2. Argentina Electroencephalography Devices Market
            1. Argentina Market Size and Forecast, 2022-2033(USD Million)
              1. Market Size and Forecast by Product, 2022-2033(USD Million)
              2. Market Size and Forecast by Type, 2022-2033(USD Million)
              3. Market Size and Forecast by End User, 2022-2033(USD Million)
            2. Rest of Latin America Electroencephalography Devices Market
              1. Rest of Latin America Market Size and Forecast, 2022-2033(USD Million)
                1. Market Size and Forecast by Product, 2022-2033(USD Million)
                2. Market Size and Forecast by Type, 2022-2033(USD Million)
                3. Market Size and Forecast by End User, 2022-2033(USD Million)
  1. MEA Electroencephalography Devices Market
    1. MEA Electroencephalography Devices Market
      1. MEA Market Size and Forecast, 2022-2033(USD Million)
        1. Market Size and Forecast by Product, 2022-2033(USD Million)
        2. Market Size and Forecast by Type, 2022-2033(USD Million)
        3. Market Size and Forecast by End User, 2022-2033(USD Million)
      2. GCC Electroencephalography Devices Market
        1. GCC Market Size and Forecast, 2022-2033(USD Million)
          1. Market Size and Forecast by Product, 2022-2033(USD Million)
          2. Market Size and Forecast by Type, 2022-2033(USD Million)
          3. Market Size and Forecast by End User, 2022-2033(USD Million)
        2. South Africa Electroencephalography Devices Market
          1. South Africa Market Size and Forecast, 2022-2033(USD Million)
            1. Market Size and Forecast by Product, 2022-2033(USD Million)
            2. Market Size and Forecast by Type, 2022-2033(USD Million)
            3. Market Size and Forecast by End User, 2022-2033(USD Million)
          2. Rest of MEA Electroencephalography Devices Market
            1. Rest of MEA Market Size and Forecast, 2022-2033(USD Million)
              1. Market Size and Forecast by Product, 2022-2033(USD Million)
              2. Market Size and Forecast by Type, 2022-2033(USD Million)
              3. Market Size and Forecast by End User, 2022-2033(USD Million)
  1. Competitor Analysis
    1. Market Share Analysis, 2022
    2. Major Recent Developments, 2019-2022
  2. Company Profiles
    1. Electrical Geodesics, Inc.
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    2. NeuroWave Systems, Inc.
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    3. Cadwell Laboratories, Inc.
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    4. Compumedics Ltd.
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    5. Medtronic
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    6. Noraxon U.S.A. Inc.,
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    7. Nihon Kohden America, Inc
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    8. Company 8
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    9. Company 9
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    10. Company 10
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    11. Company 11
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    12. Company 12
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    13. Company 13
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    14. Company 14
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
    15. Company 15
      1. Company Snapshot
      2. Company Overview
      3. Financial Analysis
      4. Product Benchmarking
      5. Recent Developments
  1. Conclusion
  2. Recommendations

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