Wearable EEG Devices Market: Growing incidences of Neurovascular Disorders is Drive the Market Growth
The global wearable EEG devices market, based on the channel, was segmented into 32-channel type, 14-channel type, 5-channel type, and others. In 2018, the 32-channel type segment held the largest share of the market. Moreover, the 32-channel type segment is expected to grow at the fastest rate during the coming year. The increasing usage in the 32-channel type segment is anticipated to grow in the future. Moreover, it's various applications in recording electrical activities in the brain to detect neurological disorders and other applications in the brain-computer interface.
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The major factors boosting the market growth are growing incidences of neurovascular disorders and significantly rising elderly population. However, hindrances such as high cost of wearable EEG devices are likely to impact the market growth in the forecasted period.
The wearable EEG devices market majorly consists of the players such as Advanced Brain Monitoring, Inc., ANT Neuro, Natus Medical Incorporated, Brain Products GmbH, Compumedics Neuroscan, Electrical Geodesics, Inc. (Koninklijke Philips N.V.), EMOTIV, g.tec medical engineering GmbH, Neuroelectrics, Cadwell Industries, Inc. among others. Several companies are concentrating 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 companies operating in the wearable EEG devices market have been implementing various strategies to grow in their corresponding markets; this has, in turn, enabled them to bring various changes in the market. The companies have utilized strategies such as product launches, and approvals of their product portfolio and acquisitions for the growth of their organizations.
The report segments the global wearable EEG devices market as follows:
Global Wearable EEG Devices Market - By Channel
Global Wearable EEG Devices Market - By Application
The key players influencing the market are:
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