EEG Devices Market Upcoming Challenges and Opportunities by 2027 | Bitbrain Technologies, Biosemi, Neurosky, Neuroelectrics
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.
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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.
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.
The report provides trends prevailing in the global EEG devices market and the factors driving the market along with those that act as hindrances. The key factors that are 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.
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.
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The target audience for the report on the EEG Devices market
- Market analysts
- Senior executives
- Business development managers
- R&D staff
- Equity research firms
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