EEG Machines Market to Grow at a CAGR of 8.8% to reach US$ 1,937.00 million from 2019 to 2028

EEG Machines Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Integrated EEG and Portable EEG), Application (Disease Diagnosis, Sleep Monitoring, Anesthesia Monitoring, Trauma and Surgery, and Others), and End User (Hospitals, Diagnostic Centers, Ambulatory Surgical Centers, Research Laboratories, and Others), and Geography

Publication Month: Apr 2021 | Report Code: TIPRE00019263 | No. of Pages: No. of Pages180 | Category: Medical Device | Status: Published

The EEG machines market was valued at US$ 990.26 million in 2020, and it is projected to reach US$ 1,937.00 million by 2028; it is expected to grow at a CAGR of 8.8% from 2021 to 2028.

An electroencephalography (EEG) machine is a medical device that helps medical professionals monitor the brain's electrical signals. The electrical signals transmitted are relatively weak and thus require amplification. An amplifier is used to magnify the voltage. An EEG device's readings are utilized to diagnose various neurological disorders and monitor sleep disorders and patients under anesthesia during medical procedures such as surgery. The equipment works with the help of electrodes attached to the scalp to collect the brain wave's reading. EEG machine is mostly used in hospitals, diagnostic laboratories, and ambulatory surgery centers.

The EEG machines market is segmented based on product type, application, end user, and geography. Based on geography, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South and Central America. The report offers insights and in-depth analysis of the EEG machines market emphasizing on various parameters such as market trends, technological advancements, market dynamics, and competitive landscape analysis of leading market players across the world. It also includes COVID-19 impact analysis across all the regions. It is estimated that the market is likely to have slower growth rate during the forecast period owing to the restricted health services and lockdown situation caused by the COVID-19 pandemic.

Lucrative Regions for EEG Machines Market

Lucrative Regions for EEG Machines Market

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Market Insights

Increasing Neurological Disorders

There is a rise in incidence of neurological disorders among older people. However, due to various factors such as stress, genetic mutations, lifestyle habits, and related chronic conditions, the incidence are seen among people of all age groups. It is estimated that there are over 600 neurologic disorders, among which Parkinson's, Huntington's, Alzheimer's, muscular dystrophy, stroke, meningitis, epilepsy, dementias, migraine, and brain tumors are commonly seen.

According to the Global Burden of Disease report, published in JAMA Neurology 2017, disability-adjusted life-years (DALYs) for most burdensome diseases, such as stroke, migraine, and Alzheimer’s disease, and other dementias, were studied in the US. DALYs for stroke were 3.58 million, for Alzheimer’s disease and other dementias 2.55 million, and for migraine 2.4 million. It is estimated that the incidence is likely to increase in the future with the incidence rate of meningitis (44.8%), traumatic brain injury (44.8%), spinal cord injury (29.1%), and encephalitis (38.5%).

Similarly, the growing geriatric population is expected to influence the incidence of neurological disorders. According to the World Health Organization (WHO) report published in 2018, the total population over 60 years of age will grow at a rate of 22% by 2050 from 12% in 2015. According to the Federal Interagency Forum on Aging-Related Statistics published in 2016, 35.8% of people of age 85 years and above have moderate or severe memory impairment. Therefore, owing to the above-mentioned statistics, the demand for EEG machine is expected to increase, which, in turn will propel the market growth.

Product Type-Based Insights

Based on product type, the EEG machines market is segmented into integrated EEG and portable EEG. The integrated EEG segment held the largest share of the market in 2020, However, the portable EEG segment is anticipated to register the highest CAGR in the market during the forecast period. The growth of portable EEG segment can be attributed to technological advancements that offer real-time brain activity, which is relatively inexpensive, and non-invasive.

Global EEG Machines Market, by Product Type – 2020 & 2028

Global EEG Machines Market, by Product Type – 2020 & 2028

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Application-Based Insights

Based on application, the EEG machines market is segmented into disease diagnosis, sleep monitoring, anesthesia monitoring, trauma and surgery, and others. The disease diagnosis segment held the largest share of the market in 2020, moreover, the segment is anticipated to register the highest CAGR in the market during the forecast period.

End User-Based Insights

Based on end user, the EEG machines market is segmented into hospitals, diagnostic centers, ambulatory surgical centers, research laboratories, and others. The hospitals segment held the largest share of the market in 2020, however, diagnostic centers segment is anticipated to register the highest CAGR in the market during the forecast period.

Strategic Insights

Report CoverageDetails
Market Size Value inUS$ 990.26 Million in 2020
Market Size Value byUS$ 1,937.00 Million by 2028
Growth rateCAGR of 8.8% from 2021-2028
Forecast Period2021-2028
Base Year2021
No. of Pages180
No. of Tables86
No. of Charts & Figures73
Historical data availableYes
Segments coveredProduct Type , Application , and End User , and Geography
Regional scopeNorth America; Europe; Asia Pacific; Latin America; MEA
Country scopeUS, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
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Organic and inorganic strategies were equally adopted by the market players to meet the changing customer demand and maintain their improved services. For instance, organic strategy of expansion was adopted by Fresenius Kabi in February 2021. The company invested in the advancements of its facilities around the world to assist in care for critically and chronically ill patients, in keeping with the company's philosophy of caring for life. Additionally, Fresenius Kabi continued to invest in its two Graz facilities.

By Product Type

  • Integrated EEG
  • Portable EEG

By Application

  • Disease Diagnosis
  • Sleep Monitoring
  • Anesthesia Monitoring
  • Trauma and Surgery
  • Others

By End User

  • Hospitals
  • Diagnostic Centers
  • Ambulatory Surgical Centers
  • Research Laboratories
  • Others

By Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • UK
    • Spain
    • Rest of Europe
  • Asia Pacific (APAC)

    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of APAC
  • Middle East & Africa (MEA)

    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • South and Central America (SCAM)

    • Brazil
    • Argentina
    • Rest of SCAM

Company Profiles

  • Koninklijke Philips N.V.
  • Medtronic
  • Natus Medical Incorporated
  • Nihon Kohden Corporation
  • Fresenius SE & Co. KGaA
  • Advanced Brain Monitoring
  • D & DJ BURTON HOLDINGS
  • Cephalon A/S
  • Cadwell Industries Inc,
  • NeuroStyle Ptd. Ltd.

Frequently Asked Questions

An electroencephalography (EEG) machine is a medical device that helps medical professionals monitor the brain's electrical signals. The electrical signals transmitted are relatively weak and thus require amplification. An amplifier is used to magnify the voltage. An EEG device's readings are utilized to diagnose various neurological disorders and monitor sleep disorders and patients under anesthesia during medical procedures such as surgery. The equipment works with the help of electrodes attached to the scalp to collect the brain wave's reading. EEG machine is mostly used in hospitals, diagnostic laboratories, and ambulatory surgery centers.
Key factors that are driving growth of the market are increasing product launches, increasing neurological disorders. Whereas high cost and disadvantages of EEG machines are key factors restraining the market growth.
The cost of the EEG machines is divided in three major price ranges: lower price range (US$ 99–US$1,000), middle price range (US$1,000–US$25,000), and upper price range (US$25,000+).

The List of Companies - EEG Machines Market

  1. Koninklijke Philips N.V.
  2. Medtronic
  3. Natus Medical Incorporated
  4. Nihon Kohden Corporation
  5. Fresenius SE & Co. KGaA
  6. Advanced Brain Monitoring
  7. D & DJ BURTON HOLDINGS
  8. Cephalon A/S
  9. Cadwell Industries Inc
  10. NeuroStyle Ptd. Ltd.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the EEG machines market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global EEG machines market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution
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