Electroencephalography Devices - Revenue Growth Opportunities by Top Key Players of Global Market | Natus Medical, Inc., BrainScope Company, Inc., Medtronic Plc, NeuroWave Systems, Inc.

Electroencephalography, commonly termed as EEG, refers to a physiological method of choice that facilitates recording of electrical activity generated by the brain from electrodes placed on the surface of the scalp. The EEG measures electrical activity generated by the synchronized activity of thousands of neurons that helps to analyze the activated areas of brain at a particular instance. The EEG also acts as a helpful measure to diagnose various neurological disorders such as Alzheimer’s disease, dementia, epilepsy, autism by determining the malfunction produced in the normal electrical signal pattern. The neurons in the brain generate electrical impulses that fluctuate in a rhythmic and distinct pattern.

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The accuracy and price differences in the electroencephalography devices available in the market depends on the number of electrodes that are present in the crown of the EEG system. Systems with high number of electrodes provides high quality digitalization, better quality amplification, and higher number of snapshots taken by device per second as compared to systems with few electrodes. Electroencephalography can also be used as an important tool in assessment of patients suspected with brain death. EEG waveforms report immediate signals to remove the brain in case of transplantation and storage of the dead brain.

The global electroencephalography devices market was valued at US$ 704.4 million in 2016 and is expected to witness a robust CAGR of 7.0% over the forecast period (2017–2025).
Electroencephalography is one of the most commonly employed techniques used for recording electrical activity generated by the human brain. EEG devices are often used as a first line method of diagnosis of various neurological disorders such as strokes, tumors, and coma. The process of electroencephalography is typically non-invasive, involving placement of multiple electrodes on the scalp to measures voltage fluctuations arising from ionic current induced by the neurons of the brain. According to American Association of Electro-diagnostic Medicine 2012, between 10 and 25 million EEG tests are performed per year in the U.S.

Market Dynamics:
Electroencephalography devices are used in a wide range of medical applications, including mental retardation, sleep disorders, tumors, epilepsy, strokes, and brain damages. This in turn, is increasing the number of diagnostic and treatment monitoring procedures across the world, thus augmenting growth of the global electroencephalography devices market. For instance, according to the World Health Organization, 2018, epilepsy is one of the most common chronic neurological disorders affecting around 50 million people across the world. Moreover, according to the National Institute of Neurological Disorders & Stroke, 2016, around 795,000 people suffer from stroke each year in the U.S., which increases the demand for hospital admission for remote neuro-monitoring. However, the high cost and complex functioning of these devices make them unaffordable and non-feasible to be used at small medical set-ups, thus causing a hindrance to the market growth.

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Key features of the study:
• This report provides in-depth analysis of electroencephalography devices market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017 – 2025), considering 2016 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategy adopted by the leading players
• It profiles leading players in the global electroencephalography devices market based on the following parameters – company overview, product description, key highlights, financial overview, and strategies
• Key companies covered as a part of this study includes Natus Medical, Inc., BrainScope Company, Inc., Medtronic Plc, NeuroWave Systems, Inc., Compumedics Limited, Electrical Geodesics, Inc., Cadwell Industries, Inc., and Jorden Neuroscience, Inc.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion, and marketing tactics
• The global electroencephalography devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the electroencephalography devices market.

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