Global Epilepsy Devices Market is set to generate $1.2 Billion by 2030

Inkwood Research predicts that the Global Epilepsy Devices Market is set to record a 7.83% CAGR in terms of revenue during the forecast period, 2022-2030.
"Browse 87 market data Tables and 63 Figures spread over 230 Pages, along with an in-depth TOC on the Global Epilepsy Devices Market Forecast 2022-2030."
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Governments worldwide are launching projects for developing novel and creative technologies for advanced epilepsy devices. Hence, these technologically improved monitoring gadgets boost the global epilepsy devices market to record high growth. Also, minimally invasive or non-invasive epilepsy devices are popular among healthcare workers as well as patients. Moreover, the market growth is stimulated by the availability of several health programs, variances in the medical infrastructure, preventive accessible care, and an increase in birth-related and traffic-related accidents. However, the high cost of epilepsy monitoring devices and operations hinders market growth, particularly in developing countries with inadequate reimbursement systems. Additionally, brain monitoring equipment procedures are expensive and require highly complicated devices.

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Point-of-Care (POC) Solutions boost demand for Advanced Epilepsy Devices
While pharmacological treatment reduces epileptic seizures during treatment, the risk of seizures returning persists. Point-of-care (POC) solutions, like glucose test kits and fire alarms, are designed for the early handling of incidents to reduce repercussions. POCs are typically used without much help. The beginning of a seizure can be identified or pre-treated early enough to use point-of-care (POC) systems. In that case, it can help better manage epilepsy while reducing fear and sadness.
Furthermore, most governments have overhauled their health systems to raise population coverage levels and enhance the quality of the health services' responses. Governments have begun participating in the legislative and regulatory framework, recognizing existing care, funding, and resource gaps, and strengthening public-private partnerships. Such positive developments will further boost the demand for epilepsy devices.

Hospitals & Clinics - Major End-User Segment
The epilepsy monitoring device manufacturers are set to gain prominent business opportunities from the hospitals & clinics segment owing to the increase in EEG monitoring use and emergency medical services across hospitals and clinics. Also, these healthcare institutions are set to register significant growth during the forecast period owing to patients' preference to visit hospitals & clinics and the availability of epilepsy devices. Further, governments of developing nations focus on innovating sturdy healthcare infrastructure. As a result, leading market players are expected to gain significant growth opportunities in these nations. Hence, these factors are expected to boost the market growth of this segment during the forecast period.

Leading Region - Asia-Pacific
Asia-Pacific is attracting key global players by providing good research and training opportunities. The region also offers favorable initiatives through national Ministries of Health to identify the needs and promote education, treatment, prevention, and care services. According to a Seoul National University Hospital report, after stroke and dementia in older adults, neurological disorders captured the third most prevalent disease in South Korea in 2019. Moreover, the prevalence of epilepsy in the region further stimulates market growth. Also, the rising geriatric population drives the epilepsy devices market.
The overall degree of competition in the epilepsy devices market is moderate. Moderate to low product differentiation among existing players increases the intensity of rivalry in the market. Epilepsy device companies are trying to develop less expensive platforms to make epilepsy device setups affordable. Furthermore, they are trying to develop new technologies to give their products an edge. Hence, machine earning and artificial intelligence are integrated into the devices to improve product differentiation.

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