openPR Logo
Press release

EEG Devices Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2030

11-17-2022 09:15 AM CET | Health & Medicine

Press release from: Persistence Market Research

The use of electroencephalography (EEG) devices is gathering momentum around the world, owing to its proven clinical advantages over other brain imaging techniques for the diagnosis of various neurological disorders. Electroencephalography devices are the most promising devices used to measure and record electrical activities in the brain, which helps in the diagnosis of epilepsy, Parkinson's disease, Alzheimer's disease, and other neurological disorders. Increase in the demand for high-quality EEG devices along with advances in technology have amplified the success of electroencephalography devices for the diagnosis of brain disorders.

Electroencephalography devices have gained clinical significance on basis of their performance, such as measuring cognitive functions and seizure diagnosis through ambulatory EEG. High temporal resolution, low hardware cost, and powerful diagnostic tool for recording brain activity are factors that are surging the electroencephalography devices market. Moreover, high incidence of Alzheimer's disease, epilepsy, dementia, multiple sclerosis, Parkinson's disease, and stroke are factors expected to drive the electroencephalography market further through 2030.

Request For Free Sample Report of "EEG Devices Market"@ https://www.persistencemarketresearch.com/samples/7616

The global electroencephalography devices market was valued at US$ 1.2 Bn in 2019, and is expected to exhibit a CAGR of nearly 7% during the forecast period (2020-2030).

Key Takeaways of Electroencephalography Devices Market Study
• 32 Channel EEG has emerged as the largest segment by product, representing 25.9% of revenue share in the EEG devices market. This is attributed to technological advancements and high adoption by healthcare professionals.
• The portable devices segment is expected to exhibit the highest CAGR during the forecast period. Major factor contributing to its growth is increasing focus of manufacturers on technological advancements such as portability, lightweight, and simultaneous raw data acquisition. Also, the rising demand for portable devices for clinical practice and outdoor investigation is projected to surge the segment even more over the coming years.
• Diagnostic centers accounted for a major revenue share of 61%, owing to growing awareness regarding neurodegenerative disorders. This rising awareness among people leads to the demand for advanced EEG products for disease diagnosis and prevention.
• Cumulatively, North America and Europe contribute more than 70% share in the global EEG devices market, with North America holding a noteworthy market share, and expected to progress at a CAGR of more than 7% during the forecast period.
• Rising prevalence of various sleep and neurodegenerative disorders and accessibility to insurance are major factors contributing to this regional growth. Moreover, the presence of highly developed healthcare infrastructure and strong distribution and sales network of leading vendors in this region are anticipated to drive growth further.

"The global electroencephalography devices market increases in parallel with the increasing population suffering from neurological disorders. New technological developments in EEG devices with a wider range of applications, such as critical monitoring in neuro intensive care units, first aid assistance, and early diagnosis of neurodegenerative diseases, are propelling market growth," says a PMR analyst.

Buy Full Report Now and Get Up to 20% Discount @ https://www.persistencemarketresearch.com/checkout/7616

Acquisitions - Strategic Focus of EEG Device Manufacturers
Various players in the EEG devices market space are focusing on inorganic growth strategies such as acquisitions and partnerships. These activities have played a vital role in the expansion of business and customer base of market players. For example, October 2018 Lifelines Neurodiagnostic Systems, Inc., a provider of neurodiagnostic equipment and services, completed the acquisition of Incereb Ltd. This acquisition is anticipated to help increase its market presence in developing markets and expand its product portfolio. These winning strategies by leading players are also being followed by regional and local players.

Impact of COVID-19 on Electroencephalography Devices Market
The outbreak of COVID-19 is having a dual impact on the EEG devices market. On the positive side, the demand for these devices rises from hospitals and clinics to monitor neurology-related complications in COVID-19 patients. However, factors such as disruption of the medical supply chain, halted productions, and limited workforce are playing adversaries to market growth. For instance, The Nihon Kohden Group has production sites in Japan, the U.S., China, India, and Italy, and has temporarily suspended operations at most of these sites, but continues operating R&D and sales offices in Japan. Other major market players are in a similar state. Nevertheless, the demand for these devices amid such critical times and the need to provide effective treatment will overcome the aforementioned restraints.

What Does the Report Cover?

Persistence Market Research offers a unique perspective and actionable insights on the wound antiseptics market in its latest study, presenting a historical demand assessment of 2017 - 2021 and projections for 2022 - 2032.
The research study is based on the source (plants [soya peptone, vegetable peptone and others], yeast [peptone, and extract] and animals [beef extract, casein peptone, gelatin peptone, brain heart infusion (bovine), brain heart infusion (porcine), casein (acid hydrolysate), heart infusion (bovine), heart infusion (porcine), lactalbumin, meat peptone (bovine), meat peptone (porcine), ox-bile, peptonized milk, polypeptone, pork heart digest and protease peptone]), product (protein hydrolysates, infusions and extracts), application (microbial cell culture, mammalian cell culture, and plant tissue culture), application (microbial cell culture, mammalian cell culture, plant tissue culture, and yeast culture), and end user (academic & research institutes, biopharmaceutical companies, and contract research laboratories), across seven key regions of the world.

Request Customization @ https://www.persistencemarketresearch.com/request-customization/7616

Media Contact:
Persistence Market Research
305 Broadway,7th Floor New York City, NY 10007 United States
Call +1-646-568-7751
Call +1 800-961-0353
sales@persistencemarketresearch.com

About Us
Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release EEG Devices Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2030 here

News-ID: 2810877 • Views: …

More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to…
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by Sustainability and Supply Chain Efficiency
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in…
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Growth - Persistence Market Research
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According…
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Healthcare Demand
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained…

All 5 Releases


More Releases for EEG

EEG Amplifiers Market Size 2024 to 2031.
Market Overview and Report Coverage EEG Amplifiers are devices used to amplify electrical signals from the brain in order to record and analyze brain activity. These amplifiers are commonly used in neuroscience research, clinical diagnostics, and brain-computer interface systems. The EEG Amplifiers Market is poised for steady growth, with a projected CAGR of 4.70% during the forecasted period. Factors driving this growth include increasing prevalence of neurological disorders, growing demand…
Exploring the Rise of EEG Devices in Sleep Architecture: Insights into the EEG D …
EEG devices for sleep and sleep architecture refer to the technology used to monitor brain activity during sleep and to analyze the sleep stages. The market for EEG devices for sleep and sleep architecture is growing rapidly, driven by the increasing awareness of the importance of sleep for overall health and wellbeing. These devices are used to monitor brain activity during sleep, enabling a more comprehensive analysis of sleep stages…
Global Electroencephalogram [EEG] Market - Forecasts to 2026
As indicated by Global Market Estimates, the EEG market will rise at a CAGR value of 8.5% during the forecast period of 2020-2026. An electroencephalogram (EEG) monitors the electrical activity of the brain. An EEG can be utilized to help identify potential brain disorders. Rising prevalence of neurological disorders, cardiovascular, mental health disorders, and brain surgeries. Also, rising road accidents which cause brain injuries will propel the growth of the…
EEG Machines Market Future Forecast 2020-2025
GLOBAL INFO RESEARCH has recently published a research report titled, [Global EEG Machines Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025] assessing various factors impacting its trajectory. Analysts have used primary and secondary research methodologies to determine the path of the market. The data includes historic and forecast values for a well-rounded understanding. The global EEG Machines market is expected to augment in the forecast period owing to various…
EEG Equipment Market Report 2018: Segmentation by Product (Video EEG Equipment, …
Global EEG Equipment market research report provides company profile for CAS Medical Systems, EMS Biomedical, Motion Lab Systems, Neurosoft Company, Neurowave Systems, Cadwell Laboratories, Compumedics, Natus Medical, Nihon Kohden, Medtronic and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the…
Global EEG Electrode Market Research Report 2017
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of EEG Electrode in these regions, from 2012 to 2022 (forecast), covering North America Europe China Japan Southeast Asia India Global EEG Electrode market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including GAES Medical Computer Systems Mega Electronics Neuroelectrics NeuroWave PMT Corporation SOMNOmedics … To…