Report : EEG Devices Market to 2027 - Global Analysis and Forecasts by Product (8-channel EEG, 21-channel EEG, 25-channel EEG, 32-channel EEG, 40-channel EEG, Multi-channel EEG); Application (Sleep Disorders, Neuroscience, Head Trauma, Brain Tumors, Others); Device Type (Standalone Devices, Portable Devices); End User (Hospitals & Clinics, Diagnostic Centers, Academic & Research Institutes, Research Centers), and Geography
Portable EEG devices segment is expected to grow at a fast pace over the forecast period
According to The Insight Partners market research titled 'EEG Devices Market to 2027 – Global Analysis and Forecasts by Product, Application, Device Type, and End User'. The global EEG devices market is expected to reach US$ 1,764.27 Mn in 2027 from US$ 830.71 Mn in 2018. The market is estimated to grow with a CAGR of 8.9% from 2019-2027. The report provides trends prevailing in the global EEG devices market and the factors driving market along with those that act as hindrances.
The global EEG devices market, based on the device type was segmented into standalone devices and portable devices. In 2018, the standalone devices segment held the largest share of the market. However, the portable devices segment is expected to grow at the fastest rate during the coming year. Portable EEG devices are used for long term signal recording or remote real-time monitoring. They are frequently small-sized and low-cost and consequently suitable for daily using. With smaller size and low cost, it is suitable for daily usage which owes to its fastest growth over the coming years.
The key factors driving the growth of the market are growing incidences of neurovascular disorders and significantly rising elderly population. However, the restraints such as the high cost of EEG devices are likely to impact the growth of the market in the forecast period.
The EEG devices market majorly consists of the players such as, Brain Products GmbH, g.tec medical engineering GmbH, Cognionics, Inc., Wearable Sensing, Neuroelectrics, ANT Neuro, Mitsar Co. Ltd., Neurosky, Biosemi, Advanced Brain Monitoring, Inc., EMOTIV, MUSE, Koninklijke Philips N.V., Bitbrain Technologies, Natus Medical Incorporated and Koninklijke Philips N.V. among others. Various companies are focusing on organic strategies such as product launch and product approvals. For instance, in December 2017, Brain Products has extended the line with a 64 channel version to complement the LiveAmp family that is the most flexible wireless high-density EEG/ExG recording system.
Global EEG Devices Market, By Regions, 2018 (%)
The report segments Global EEG Devices Market as follows:
Global EEG Devices Market – By Product
Global EEG Devices Market – By Application
Global EEG Devices Market – By Device Type
Global EEG Devices Market – By End User
Global EEG Devices Market – By Geography
Contact Person: Sameer Joshi
Email Id: email@example.com