EEG Devices Market is projected to grow up to 8.2% CAGR during the forecasting period 2021-2027.
There are various companies that cater to the specialised demands of EEG users as a result of the rising use and demand for high-quality EEG devices. Whether it's the quantity of channels, a stationary or portable device, the predefined metrics supplied, or the gadget's price, each offers something unique to the consumer. EEG measurements are used to identify a variety of neurological illnesses, as well as to monitor sleep problems and patients undergoing anaesthesia. The apparatus collects brain wave readings with the use of electrodes affixed to the patient's scalp. Cloud-computing software is seen as a game-changer in EEG data processing since it enables for large-scale real-time analysis of recordings. Wearable EEG equipment, such as EEG caps, have a wider surface area for electrode insertion, allowing them to support additional sensors. COVID-19 has the potential to have three major effects on the global economy: directly impacting production and demand, causing supply chain and market disruption, and having a financial impact on businesses and financial markets. The emergence of COVID-19 has had a wide range of consequences, including aircraft cancellations. Restaurants were closed due to travel prohibitions and quarantines, and all indoor events were banned in over forty nations. Electroencephalography (EEG) Devices have been significantly slowed as a result of the declaration of a state of emergency. Market volatility has resulted in a drop in company confidence, a rise in public panic, and apprehension about the future. The research provides an up-to-date overview of the present worldwide market scenario, as well as the most recent trends and drivers, as well as the overall market environment. The market is being pushed by the rising prevalence of neurological illnesses, increased demand for EEG treatments, and increased government and healthcare organisation initiatives and support.
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Key Driving Factors: The market for EEG devices is being driven by the rising incidence of neurovascular disorders.
The disorders of the spine, brain, and nerves that connect them are known as neurological diseases. The neurovascular systems are extremely reliant on a steady supply of oxygen and nutrients delivered by the arteries and veins. The brain's ability to operate depends on the amount of oxygen and nutrients it receives; thus, a flaw in the system can impair function and quickly become a life-threatening problem. Hemorrhage stroke, ischemic stroke, and brain tumours are all examples of neurovascular disorders. Neurovascular illnesses can be caused by genetic problems, lifestyle choices, and other chronic conditions.
Opportunities: Because it requires direct involvement with delicate brain tissue, invasive monitoring is a complicated, painful, and hazardous procedure. As a result, both doctors and patients are enthusiastic about the adoption of non-invasive or minimally invasive brain monitoring equipment. Non-invasive ICP monitors, TCD devices, tympanic membrane displacement procedures, optic nerve sheath diameter, CT scan/MRI, and fundoscopy, which are reliable alternatives to invasive techniques, have seen a rapid increase in demand due to their advantages, compelling players in this market to develop and commercialise such products.
This report offers the major market player’s profiles, such as Advanced Brain Monitoring Inc., BrainScope Co. Inc., Cadwell Industries Inc., Compumedics Ltd., Elekta AB, Koninklijke Philips NV, Medtronic Plc, Micromed SPA, Natus Medical Inc., and NeuroWave Systems Inc.
Based on Application: The global EEG devices market is divided into five categories based on application: brain tumours, head trauma, sleep disorders, neuroscience, and others. The brain tumours category had the biggest market share in 2020, however the head trauma segment is predicted to grow at the fastest CAGR between 2021 and 2027. The increasing occurrence of brain tumours, expanding awareness of neurological illnesses, and increased availability of advanced EEG devices are all contributing to the expansion of the brain tumours segment. As a result, as the number of cases of brain tumours rises, so does the need for EEG equipment in the health-care industry.
The EEG Devices Market report has been categorized as below
By Devices Modality
Trauma & Surgery
By Devices Product
By Devices End-Use
Rest of World
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Published Date : October-2021