North America EEG Devices Market Size and Competitive Analysis by 2028
North America EEG Devices Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (8-channel EEG, 21-channel EEG, 25-channel EEG, 32-channel EEG, 40-channel EEG, and Multi-channel EEG); Application (Sleep Disorders, Neuroscience, Head Trauma, Brain Tumours, and Others); Device Type (Standalone Devices, and Portable Devices); End User (Hospitals & Clinics, Diagnostic Centres, Academic & Research Institutes, and Research Centres)
- Report Date : Aug 2021
- Report Code : TIPRE00024242
- Category : Life Sciences
- Status : Published
- Available Report Formats :
- No. of Pages : 139
The EEG devices market in North America is expected to grow from US$ 436.1 million in 2021 to US$ 733.5 million by 2028; it is estimated to grow at a CAGR of 7.7% from 2021 to 2028.
Epilepsy is a non-communicable disease of the brain that affects people of every age group. According to data from the World Health Organization (WHO), in 2019, around 50 million people have epilepsy, which makes it one of the most common neurological diseases worldwide. Approximately 80% of people with epilepsy are living in low- and middle-income nations. The projected ratio of the overall population with active is between 4 and 10 per 1000 people. Moreover, data from World Health Organization (WHO), 2010, stated that the total number of people with dementia globally is reported at 35.6 million and is anticipated to nearly double every 20 years, to 65.7 million in 2030 and around 115.4 million in 2050. The new cases of dementia per year across the globe are approximately 7.7 million, implying one new case every four seconds. Thus, it is anticipated that the increasing prevalence of neurovascular diseases is likely to fuel the growth of the market during the forecast period.Due to coronavirus spreading, many cities are shutting down, causing treatments and doctors/surgeons appointment cancellations. The patients suffering from critical surgeries such as spinal surgery, neurosurgery, and ENT surgery need physical awareness and need to implement procedures in the clinics. The procedure includes Intraoperative Neuromonitoring by systems, services, and accessories. Moreover, companies are also focused on manufacturing COVID diagnostics and related products. For instance, in June 2020, Ceribell Inc., a Mountain View, Calif.-based startup, deployed its cloud-linked, portable electroencephalogram (EEG) device to enable EEG assessments in minutes in emergency rooms and intensive care units. The Rapid Response EEG system is used in the Montefiore Health System in New York and at Northwell Health’s North Shore University Hospital, providers at the epicenter of the US COVID-19 crisis. Also, in April 2020, Fresenius Medical Care entered multiple partnerships with other dialysis providers to combat the COVID19 pandemic in the US. In North America, Fresenius Medical Care has collaborated with DaVita Inc. and other dialysis service providers to respond to COVID-19. This partnership is aimed to provide and support the broader kidney care community in the US by offering isolation capacity for dialysis patients infected by COVID-19. Therefore, COVID-19 had a negative impact on the EEG devices market.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the EEG devices market. The North America EEG devices market is expected to grow at a good CAGR during the forecast period.
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North America EEG Devices Market Segmentation
By Product
- 32-channel EEG
- 25-channel EEG
- 40-channel EEG
- Multi channel EEG
- 21-channel EEG
- 8-channel EEG
By Application
- Brain Tumors
- Head Trauma
- Sleep Disorders
- Neuroscience
- Others
By Device Type
- Standalone Devices
- Portable Devices
By End User
- Hospitals & Clinics
- Diagnostic Centers
- Research Centers
- Academic & Research Institutes
By Country
- North America
- US
- Canada
- Mexico
Companies Mentioned
- Koninklijke Philips N.V.
- Bitbrain Technologies
- Brain Products GmbH
- g.tec medical engineering GmbH Austria
- Cognionics, Inc.
- Wearable Sensing
- Neuroelectrics
- ANT Neuro
- Mitsar Co. LTD.
- NeuroSky
- BioSemi
- EMOTIV
- InteraXon Inc
- Advanced Brain Monitoring
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product, Application, Device Type, End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 EEG Devices Market – By Product
1.3.2 EEG Devices Market – By Application
1.3.3 EEG Devices Market – By Device Type
1.3.4 EEG Devices Market – By End User
1.3.5 North America EEG Devices Market – By Country
2. North America EEG Devices Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America EEG Devices Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 EEG Devices Market- North America PEST Analysis
4.3 Expert Opinion
5. North America EEG Devices Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Incidences of Neurovascular Disorders
5.1.2 Significantly Rising Elderly Population
5.2 Market Restraints
5.2.1 High Cost of EEG Devices
5.3 Future Trend
5.3.1 Technological Developments in EEG Devices
5.4 Impact Analysis
6. EEG Devices Market – North America Analysis
6.1 North America EEG Devices Market Revenue Forecasts and Analysis
7. North America EEG Devices Market Analysis and Forecasts To 2028 – By Product
7.1 Overview
7.2 EEG Devices Market Revenue Share, By Product (2021 and 2028)
7.3- Channel EEG
7.3.1 Overview
7.3.2- Channel EEG: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
7.4- Channel EEG
7.4.1 Overview
7.4.2- Channel EEG: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
7.5- Channel EEG
7.5.1 Overview
7.5.2- Channel EEG: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Multi- Channel EEG
7.6.1 Overview
7.6.2 Multi- Channel EEG: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
7.7-Channel EEG
7.7.1 Overview
7.7.2- Channel EEG: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
7.8 8-channel EEG
7.8.1 Overview
7.8.2 8-channel EEG: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
8. EEG Devices Market Analysis – By Application
8.1 Overview
8.2 EEG Devices Market, by Application 2021 & 2028 (%)
8.3 Brain Tumours
8.3.1 Overview
8.3.2 Brain Tumours: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Head Trauma
8.4.1 Overview
8.4.2 Head Trauma: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Sleep Disorders
8.5.1 Overview
8.5.2 Sleep Disorders: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Neuroscience
8.6.1 Overview
8.6.2 Neuroscience: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
9. North America EEG Devices Market Analysis and Forecasts To 2028 – By Device Type
9.1 Overview
9.2 EEG Devices Market Revenue Share, By Device Type (2021 and 2028)
9.3 Standalone Devices
9.3.1 Overview
9.3.2 Standalone Devices: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Portable Devices
9.4.1 Overview
9.4.2 Portable Devices: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
10. North America EEG Devices Market Analysis and Forecasts to 2028– By End User
10.1 Overview
10.2 EEG Devices Market Share by End User 2018 & 2027 (%)
10.3 Hospitals & Clinics
10.3.1 Overview
10.3.2 Hospitals & Clinics: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Diagnostic Centers
10.4.1 Overview
10.4.2 Diagnostic Centers: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
10.5 Research Centres
10.5.1 Overview
10.5.2 Research Centres: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
10.6 Academic & Research Institutes
10.6.1 Overview
10.6.2 Academic & Research Institutes: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
11. EEG Devices Market Revenue and Forecasts to 2028 – Geographical Analysis
11.1 North America: EEG Devices Market
11.1.1 Overview
11.1.2 North America: EEG Devices Market, by Country, 2021 & 2028 (%)
11.1.2.1 US: EEG Devices Market– Revenue and Forecast to 2028 (USD Million)
11.1.2.1.1 US: EEG Devices Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.1.2 US: EEG Devices Market, by Product, 2019–2028 (USD Million)
11.1.2.1.3 US: EEG Devices Market, by Application, 2019–2028 (USD Million)
11.1.2.1.4 US: EEG Devices Market, by Device Type, 2019–2028 (USD Million)
11.1.2.1.5 US: EEG Devices Market, by End User, 2019–2028 (USD Million)
11.1.2.2 Canada: EEG Devices Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.2.1 Canada: EEG Devices Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.2.2 Canada: EEG Devices Market, by Product, 2019–2028 (USD Million)
11.1.2.2.3 Canada: EEG Devices Market, by Application, 2019–2028 (USD Million)
11.1.2.2.4 Canada: EEG Devices Market, by Device Type, 2019–2028 (USD Million)
11.1.2.2.5 Canada: EEG Devices Market, by End User, 2019–2028 (USD Million)
11.1.2.3 Mexico: EEG Devices Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.3.1 Mexico: EEG Devices Market – Revenue and Forecast to 2028 (USD Million)
11.1.2.3.2 Mexico: EEG Devices Market, by Product – 2019–2028 (USD Million)
11.1.2.3.3 Mexico: EEG Devices Market, by Application, 2019–2028 (USD Million)
11.1.2.3.4 Mexico: EEG Devices Market, by Device Type – 2019–2028 (USD Million)
11.1.2.3.5 Mexico: EEG Devices Market, by End User – 2019–2028 (USD Million)
12. Impact Of COVID-19 Pandemic on North America EEG Devices Market
12.1 North America: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Overview
13.2 Growth Strategies Done by the Companies in the Market, (%)
13.3 Organic Developments
13.3.1 Overview
13.4 Inorganic Developments
13.4.1 Overview
14. COMPANY PROFILES
14.1 Koninklijke Philips N.V.
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Bitbrain Technologies
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Brain Products GmbH
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 g.tec medical engineering GmbH Austria
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Cognionics, Inc.
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Wearable Sensing
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Neuroelectrics
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 ANT Neuro
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Mitsar Co. LTD.
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 NeuroSky
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
14.11 BioSemi
14.11.1 Key Facts
14.11.2 Business Description
14.11.3 Products and Services
14.11.4 Financial Overview
14.11.5 SWOT Analysis
14.11.6 Key Developments
14.12 EMOTIV
14.12.1 Key Facts
14.12.2 Business Description
14.12.3 Products and Services
14.12.4 Financial Overview
14.12.5 SWOT Analysis
14.12.6 Key Developments
14.13 InteraXon Inc
14.13.1 Key Facts
14.13.2 Business Description
14.13.3 Products and Services
14.13.4 Financial Overview
14.13.5 SWOT Analysis
14.13.6 Key Developments
14.14 Advanced Brain Monitoring
14.14.1 Key Facts
14.14.2 Business Description
14.14.3 Products and Services
14.14.4 Financial Overview
14.14.5 SWOT Analysis
14.14.6 Key Developments
15. Appendix
15.1 About the Insight Partners
15.2 Glossary of Terms
LIST OF TABLES
Table 1. US EEG Devices Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 2. US EEG Devices Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 3. US EEG Devices Market, by Device Type – Revenue and Forecast to 2028 (USD Million)
Table 4. US EEG Devices Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 5. Canada EEG Devices Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 6. Canada EEG Devices Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 7. Canada EEG Devices Market, by Device Type – Revenue and Forecast to 2028 (USD Million)
Table 8. Canada EEG Devices Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 9. Mexico EEG Devices Market, by Product – Revenue and Forecast to 2028 (USD Million)
Table 10. Mexico EEG Devices Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 11. Mexico EEG Devices Market, by Device Type – Revenue and Forecast to 2028 (USD Million)
Table 12. Mexico EEG Devices Market, by End User – Revenue and Forecast to 2028 (USD Million)
Table 13. Organic Developments Done By Companies
Table 14. Inorganic Developments Done By Companies
Table 15. Glossary of Terms, EEG Devices Market
LIST OF FIGURES
Figure 1. EEG Devices Market Segmentation
Figure 2. North America EEG Devices Market Overview
Figure 3.-channel EEG Segment Held Largest Share of Product in EEG devices Market
Figure 4. US is Expected to Show Remarkable Growth During the Forecast Period
Figure 5. EEG Devices Market - North America PEST Analysis
Figure 6. EEG Devices Market Impact Analysis of Driver and Restraints
Figure 7. North America EEG Devices Market – Revenue Forecasts and Analysis – 2020- 2028
Figure 8. EEG Devices Market Revenue Share, By Product (2021 and 2028)
Figure 9.- Channel EEG: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10.- Channel EEG: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11.- Channel EEG: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Multi- Channel EEG: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13.- Channel EEG: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. 8-channel EEG: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. EEG Devices Market, by Application 2021 & 2028 (%)
Figure 16. Brain Tumours: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Head Trauma: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Sleep Disorders: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Neuroscience: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Others: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. EEG Devices Market Revenue Share, By Device Type (2021 and 2028)
Figure 22. Standalone Devices: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Portable Devices: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. EEG Devices Market Share by End User 2018 & 2027 (%)
Figure 25. Hospitals & Clinics: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Diagnostic Centers: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Research Centres: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Academic & Research Institutes: EEG Devices Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. North America: EEG Devices Market, by Key Country – Revenue (2021) (USD Million)
Figure 30. North America: EEG Devices Market, by Country, 2021 & 2028 (%)
Figure 31. US: EEG Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 32. Canada: EEG Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 33. Mexico: EEG Devices Market – Revenue and Forecast to 2028 (USD Million)
Figure 34. Impact of COVID-19 Pandemic in North American Country Markets
Figure 35. Growth Strategies Done by the Companies in the Market, (%)
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The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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