Electroencephalography Devices Market 2024 - By Size, Share, Forecast And Trends Analysis Report 2033

The new report published by The Business Research Company, titled ""Electroencephalography Devices Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the electroencephalography devices market size has grown strongly in recent years. It will grow from $1.11 billion in 2023 to $1.20 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The electroencephalography devices market size is expected to see strong growth in the next few years. It will grow to $1.68 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%.

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Neurological Disorders Propel Growth Of The Electroencephalography Device Market
The increasing prevalence of neurological disorders is expected to propel the growth of the electroencephalography device market going forward. Neurological disorders affect the neurological system, including the brain, spinal cord, and nerves all over the body. The prevalence of neurological disorders is rising due to the aging population, lifestyle changes, genetics, improved diagnosis, and awareness. Electroencephalography devices are essential in diagnosing and monitoring neurological disorders by recording and analyzing electrical activity in the brain, aiding in assessing and treating conditions such as epilepsy, sleep disorders, and brain injuries. For instance, in October 2023, according to the World Federation of Neurology, a UK-based organization advocating for neurology and neurologists, over 40% of the global population suffers from a neurological condition and is expected to nearly double by 2050. Therefore, the increasing prevalence of neurological disorders is driving the growth of the electroencephalography device market.

Technological Advancements Transforming Electroencephalography Devices
Major companies operating in the electroencephalography devices market focus on developing innovative products, such as cloud-linked portable recorders, to enhance data accessibility and remote monitoring capabilities. A cloud-linked portable recorder refers to a device that records brain activity and transfers data to cloud servers for storage, analysis, and remote access. For instance, in May 2021, Inspira Health Network, a US-based charitable non-profit healthcare organization, launched a Ceribell rapid-response electroencephalography device designed to detect and diagnose non-convulsive seizure activity in critically ill patients, ensuring prompt and effective treatment. The device includes a headband with embedded electrodes, a compact recorder with intuitive software, and a cloud portal for remote monitoring. Featuring cloud-connected, portable EEG equipment, Ceribell enables quick EEG tests for expedited diagnosis and treatment.

The electroencephalography devices market covered in this report is segmented -

1) By Type: Portable, Standalone, Wearable
2) By Product: 8-Channel Electroencephalography, 21-Channel Electroencephalography, 25-Channel Electroencephalography, 32-Channel Electroencephalography, 40-Channel Electroencephalography, Multi-Channel Electroencephalography
3) By Distribution Channel: Direct Tender, Retail Sales
4) By Application: Trauma And Surgery, Disease Diagnosis, Anesthesia Monitoring, Sleep Monitoring, Other Applications
5) By End-Use: Hospitals, Diagnostics Centers, Other End Users

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Major companies operating in the electroencephalography devices market are General Electric Company, Philips Healthcare, Nihon Kohden Corporation, Natus Medical Incorporated, Cadwell Industries Inc, NeuroPace Inc., EB Neuro S.p.A., Brain Products GmbH, Lifelines Neuro Company LLC, ANT Neuro BV, BioSemi B.V, Micromed Group, Electrical Geodesics Inc., Thought Technology Ltd, NeuroSky Inc., Compumedics Limited, Neuroelectrics Corp, Advanced Brain Monitoring, Neurosoft Ltd, Artinis Medical Systems, Mitsar Co. Ltd, Wearable Sensing LLC, Emotiv Inc.

Contents of the report:
1. Executive Summary
2. Electroencephalography Devices Market Report Structure
3. Electroencephalography Devices Market Trends And Strategies
4. Electroencephalography Devices Market - Macro Economic Scenario
5. Electroencephalography Devices Market Size And Growth
…..
27. Electroencephalography Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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