Global Epilepsy Monitoring Device Market Growing at a CAGR of 8.83% to Reach USD 1272.2 Million By 2030 | Infinium Global Research

Infinium Global Research's recent report illuminates the expanding landscape of the Epilepsy Monitoring Device Market, offering an in-depth analysis of segments, sub-segments, and regional dynamics shaping this burgeoning industry. The comprehensive study delves into the impact of drivers, restraints, and macro indicators on both global and regional fronts, presenting a compelling overview of trends, forecasts, and dollar values. The global epilepsy monitoring device market was valued at USD 661.6 Million in 2022 and is expected to reach USD 1272.2 Million by 2030 and grow at a CAGR of 8.83% over the forecast period.

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The global epilepsy monitoring device market is poised to witness a significant growth trajectory, projected to surge at a noteworthy Compound Annual Growth Rate (CAGR) of 8.83% between 2023 and 2030 in terms of value. This upsurge is attributed to the critical role played by epilepsy monitoring devices in diagnosing brain abnormalities. Real-time monitoring and seizure detection have become increasingly crucial in recent years.

According to the Centers for Disease Control and Prevention, approximately 3.4 million Americans, including 470,000 children, live with epilepsy. Alarmingly, about 35% do not respond to medication, necessitating advanced monitoring solutions. The market has responded with innovative devices like mHealth wearables such as the SmartWatch Inspyre™ for the Apple Watch, designed to track epileptic seizures and alert care teams, significantly enhancing patient safety.

The prevalence of epilepsy, affecting around 50 million individuals globally, poses a significant burden in terms of disability, stigma, mortality, comorbidities, and costs. This burden drives the escalating demand for epilepsy monitoring devices. Furthermore, increased awareness about epilepsy and the surge in device usage propel market growth. However, diagnostic challenges remain a hurdle due to the diversity in seizure types and appearances, complicating accurate diagnosis.

Geographically, North America holds a dominant position in the epilepsy monitoring device market, attributed to advanced healthcare facilities and a robust healthcare infrastructure. With an estimated average incidence of 150,000 cases annually in the U.S., the growing prevalence further fuels market growth in this region. Conversely, Asia Pacific emerges as the fastest-growing region due to its large population with epilepsy prevalence.

Key players in the global epilepsy monitoring device market include Medtronic plc, Koninklijke Philips N.V., Natus Medical Incorporated, Nihon Kohden Corporation, LivaNova, PLC, St. Jude Medical, Inc., Empatica Inc., and Boston Scientific Corporation.

Epilepsy, classified as a common neurological disease globally, affects around 50 million individuals. The International League Against Epilepsy (ILAE) suggests that genetic factors contribute to approximately 30% of epilepsy cases, with idiopathic epilepsy being prevalent in cases where no cause can be identified.

The absence of a cure for epilepsy promotes innovation among monitoring device manufacturers. These devices serve as vital tools for healthcare professionals in quantifying seizures, aiding in more reliable treatment decisions. Advanced monitoring devices equipped with video capabilities offer improved seizure visualization, particularly beneficial for individuals with infrequent or varied seizure types, and those lacking access to specialist care.

Despite technological advancements, challenges persist in accurately diagnosing epilepsy due to limited opportunities to observe seizures and diverse seizure appearances. The continuous quest for more advanced, continuous, and accurate monitoring options by healthcare professionals drives the demand for enhanced monitoring devices.

The U.S. Food and Drug Administration's approval of a mHealth wearable capable of detecting epileptic seizures and immediately alerting care teams underscores the ongoing technological advancements revolutionizing the field. These innovations, including bracelets, mattress devices, and smartwatches, enable real-time seizure recording by caregivers and family members.

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Table of Content

Chapter 1. Preface

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

2.1. Epilepsy Monitoring Device Market Highlights

2.2. Epilepsy Monitoring Device Market Projection

2.3. Epilepsy Monitoring Device Market Regional Highlights

Chapter 3. Global Epilepsy Monitoring Device Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.3. Porter's Five Forces Analysis

3.4. IGR-Growth Matrix Analysis

3.4.1. IGR-Growth Matrix Analysis by Product

3.4.2. IGR-Growth Matrix Analysis by End User

3.4.3. IGR-Growth Matrix Analysis by Region

3.5. Value Chain Analysis of Epilepsy Monitoring Device Market

Chapter 4. Epilepsy Monitoring Device Market Macro Indicator Analysis

Chapter 5. Global Epilepsy Monitoring Device Market by Product

5.1. Conventional Devices

5.2. Wearable Devices

Chapter 6. Global Epilepsy Monitoring Device Market by End User

6.1. Clinics

6.2. Hospitals

6.3. Home Care Settings

6.4. Other End Users

Chapter 7. Global Epilepsy Monitoring Device Market by Region 2023-2030

7.1. North America

7.1.1. North America Epilepsy Monitoring Device Market by Product

7.1.2. North America Epilepsy Monitoring Device Market by End User

7.1.3. North America Epilepsy Monitoring Device Market by Country

7.2. Europe

7.2.1. Europe Epilepsy Monitoring Device Market by Product

7.2.2. Europe Epilepsy Monitoring Device Market by End User

7.2.3. Europe Epilepsy Monitoring Device Market by Country

7.3. Asia-Pacific

7.3.1. Asia-Pacific Epilepsy Monitoring Device Market by Product

7.3.2. Asia-Pacific Epilepsy Monitoring Device Market by End User

7.3.3. Asia-Pacific Epilepsy Monitoring Device Market by Country

7.4. RoW

7.4.1. RoW Epilepsy Monitoring Device Market by Product

7.4.2. RoW Epilepsy Monitoring Device Market by End User

7.4.3. RoW Epilepsy Monitoring Device Market by Sub-region

Chapter 8. Company Profiles and Competitive Landscape

8.1. Competitive Landscape in the Global Epilepsy Monitoring Device Market

8.2. Companies Profiles

8.2.1. Medtronic plc

8.2.2. Koninklijke Philips N.V.

8.2.3. Natus Medical Incorporated

8.2.4. Nihon Kohden Corporation

8.2.5. LivaNova, PLC

8.2.6. St. Jude Medical, Inc.

8.2.7. Empatica Inc.

8.2.8. Boston Scientific Corporation

Chapter 9. Appendix

9.1. Primary Research Findings and Questionnaire

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of Epilepsy Monitoring Device.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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