EEG Devices Market is expected to grow at a CAGR of 7.1% to reach US$ 2.96 Bn by the end of 2033

The EEG (electroencephalogram) devices market is a rapidly growing sector of the medical devices industry. EEG devices are used to record and analyze the electrical activity of the brain, and they are commonly used in the diagnosis and treatment of neurological disorders such as epilepsy, sleep disorders, and dementia.

The Global revenue from the EEG Devices Market was around US$ 1.40 Billion in 2022, with the global market expected to grow at a CAGR of 7.1% to reach a valuation of around US$ 2.96 Billion by the end of 2033.

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The increasing prevalence of neurological disorders, as well as the growing awareness about early diagnosis and treatment, are driving the demand for EEG devices. The market is also being driven by technological advancements in EEG devices, such as wireless and portable devices, which make the testing process more convenient and comfortable for patients.

Companies

Solvay S.A.
Ciner Group
Tata Chemicals Limited
CIECH S.A.
Genesis Energy, LP
Nirma Limited
GHCL Limited
DCW Ltd.
ICI Pakistan Limited
Sahand Industrial Group
Novacap Group

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The market is divided into various segments based on product type, technology, and application. The product types include standalone EEG devices, portable EEG devices, and accessories such as electrodes and amplifiers. The technology segment includes conventional EEG, quantitative EEG (QEEG), and high-density EEG. The applications of EEG devices are diverse and include clinical diagnostics, research, and brain-computer interface (BCI) applications.

The North American region dominates the EEG devices market, followed by Europe and Asia Pacific. The high prevalence of neurological disorders, favorable reimbursement policies, and increasing healthcare expenditure are some of the factors driving the growth of the market in North America. The market in Asia Pacific is expected to grow at a faster rate due to the increasing healthcare infrastructure, rising disposable income, and growing awareness about neurological disorders.

Competition Landscape

One of the key aspects determining the success of the companies is the availability of a wide range of product portfolios. Another is the development of new products. To meet the unmet demands of their customers, the leading players are employing various strategies, including new product development, and expansion projects.

Some key instances of development include:

In August 2022, a completely integrated system of Myneurva's advanced neural network analysis EEG device Starrbase was launched.
In April 2020, Brain Scientific Inc. opened an online store, to market NeuroCap and NeuroEEG that received FDA clearance.

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Key Segments Covered in EEG Devices Industry Research

Product:

21 Channel EEG
25 Channel EEG
32 Channel EEG
40 Channel EEG
8 Channel EEG
Multi-Channel EEG

Modality:

Portable Devices
Standalone (Fixed Devices)

End User:

Diagnostic Centers
Hospitals
Ambulatory Surgical Centers
Others

Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East and Africa

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This release was published on openPR.