Epilepsy Monitoring Devices Market Size, Business Revenue Forecast, Leading Competitors And Growth Trends 2031 | Natus Medical, Inc., Compumedics Limited, Empatica, Inc., The Magstim Co. Ltd.

The epilepsy monitoring devices market was valued at USD 499 million in 2021 and it is anticipated to grow up to USD 782 million by 2031, at a CAGR of 4.6% during the forecast period.

New York, According to a new market research report published by Global Insight Services Epilepsy Monitoring Devices Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

An abrupt and uncontrollable electrical disruption of the brain is known as epilepsy. It results in modifications to the degree of consciousness, movement, and behavior. Based on different severity levels, there are numerous forms of epilepsy that are common worldwide. Depending on where and how they start in the brain, many types of epilepsy exist. Most epileptic episodes last between 30 seconds and 2 minutes. However, if epilepsy persists for more than five minutes, medical assistance must be summoned. Epilepsy can develop after conditions like meningitis, a stroke, or a closed head injury. Epilepsy's primary etiology is unknown. Computed tomography, implanted advisory systems, electromyography, magnetic resonance imaging (MRI), and EEG machines are some of the most popular epilepsy diagnostic tools. Untreated epilepsy frequently results in loss of coordination, nausea, and vomiting.

Read more about Epilepsy Monitoring Devices Market here : https://www.globalinsightservices.com/reports/epilepsy-monitoring-devices-market

Market Trends and Drivers

The increasing incidence and prevalence of epilepsy is boosting the growth of the market during the forecast period. The WHO estimates that five million people are given epilepsy diagnoses each year in the world. According to estimates, epilepsy affects 49 out of every 100,000 people in high-income nations. This number can reach 139 per 100,000 in low- and middle-income nations. This is probably because endemic diseases like malaria and neurocysticercosis are more common, birth traumas and injuries from auto accidents occur more frequently, the medical infrastructure varies, and there are preventive health programs and accessible care options available (in high-income countries).

Market Restraints and Challenges

Factor such as the high cost of complex epilepsy monitoring procedures and devices is hindering the growth of the market. One of the main factors restricting the global market for epilepsy monitoring devices is the high cost of epilepsy monitoring operations and devices, particularly in developing nations with lax reimbursement systems. Devices for monitoring the brain are quite complicated, and the procedures required to use them are typically pricy. For instance, an EEG typically costs between USD 200 and USD 700; however, continued monitoring might increase the price to USD 3,000. Similar to that, a single MEG system costs between USD 2.5 and 3 million. Healthcare facilities find it challenging to obtain MEG devices due to the expensive cost, even in nations where high-tech medical equipment is widely used. Additionally, the price of upkeep and other related indirect costs raise the overall cost of ownership of these gadgets, restricting their affordability.

Download a Free PDF Sample Copy of Report : https://www.globalinsightservices.com/request-sample/GIS10282

Global Epilepsy Monitoring Devices Market Segmental Overview

The report analyses the global epilepsy monitoring devices market based on the product type, technology, end user, and regions.

Global Epilepsy Monitoring Devices Market by Product Type

Based on product type, it is segmented into wearable devices, conventional devices, and implantable devices. The conventional devices segment is likely to dominate the market during the forecast period. The key factors boosting the growth of the market are rising awareness of neurodegenerative diseases comprising epilepsy coupled with increasing demand for continuous monitoring and minimally invasive and non-invasive devices.

Major Players in the Global Epilepsy Monitoring Devices Market

The key players in the global epilepsy monitoring devices market are Natus Medical, Inc. (US), Compumedics Limited (Australia), Empatica, Inc. (US), The Magstim Co. Ltd. (UK), Nihon Kohden Corporation (Japan), Medtronic Plc (Ireland), Masimo Corporation (US), Boston Scientific Corporation (US), Drägerwerk AG & Co. KGaA (Germany), mjn Neuroserveis S.L. (Spain), Abbott Laboratories, Inc. (US), LivAssured B.V. (Netherlands), BioSerenity (France), Aleva Neurotherapeutics (Switzerland), Medpage, Ltd. (UK), Neurosoft (Russia), Advanced Brain Monitoring (US), Lifelines Neuro Company, LLC (US), Mitsar Co., Ltd. (Russia), Rimed (US), Emotiv (US), CGX (A Cognionics Company) (US), Mindray Medical International Ltd. (China), Cadwell Industries, Inc. (US), NeuroWave Systems, Inc. (US), and MC10, Inc. (US).

Get Customized report as per your requirements : https://www.globalinsightservices.com/request-customization/GIS10282

Reasons to buy Epilepsy Monitoring Devices Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

Contact Us:

Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/

About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

This release was published on openPR.