Electroencephalography Devices Market to Witness USD 2.6 billion by 2031- Medtronic, Allengers & Cadwell

The Electroencephalography (EEG) Devices Market reached USD 1.3 billion in 2022 and is projected to reach USD 2.6 billion by 2031, growing at a CAGR of 9.4% during the forecast period from 2024 to 2031.

An electroencephalogram (EEG) is a diagnostic test that measures electrical activity in the brain using small metal discs (electrodes) attached to the scalp. Brain cells communicate via electrical impulses and are active continuously, even during sleep. This activity is captured as wavy lines on an EEG recording. The primary use of an EEG is to detect and evaluate epilepsy, a condition characterized by recurrent seizures.

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Market Trends:

Increasing Prevalence of Neurological Disorders

The increasing prevalence of neurological disorders such as Alzheimer's disease, epilepsy, dementia, multiple sclerosis, Parkinson's disease, and stroke is expected to drive global market growth for electroencephalography (EEG) devices. According to the WHO in 2023, around 50 million people globally suffer from epilepsy, making it one of the most common neurological disorders, with approximately 80% of cases occurring in low- and middle-income countries. It is estimated that 70% of people with epilepsy could live seizure-free if properly diagnosed and treated. Additionally, over 55 million people worldwide are living with dementia, with more than 60% in low- and middle-income nations, and over 10 million new cases are diagnosed each year. Alzheimer's disease is the most common form of dementia, accounting for 60-70% of cases. The Alzheimer's Association estimates that across the Alzheimer's disease continuum, including dementia, prodromal AD, and preclinical AD, there are approximately 416 million individuals globally, representing about 22% of people aged 50 and above.

Segment Covered in the Electroencephalography Devices Market:

By Product Type: Portable, Tabletop, Wireless.

By Number of Channels: 8-channel EEG, 21-channel EEG, 25-channel EEG, 32-channel EEG, 40-channel EEG, Multi-channel EEG.

By Signal Frequency: 3 Hz or below*, 3.5 to 7.5 Hz, 7.5 and 13 Hz, 14 and greater Hz.

By Procedure: Routine EEG, Sleep-Deprived EEG, Ambulatory EEG.

By Application: Disease Diagnosis, Sleep Monitoring, Anesthesia Monitoring, Trauma and Surgery.

By End-User: Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Diagnostic Centers, Academic and Research Organizations, Others.

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Major Key players involved in Electroencephalography Devices Market:

• EMS Handels Gesellschaft m.b.H.
• KONINKLIJKE PHILIPS N.V.
• Medtronic
• Allengers
• EB NEURO S.P.A.
• Shenzhen Delica Medical Equipment Co., Ltd.
• Micromed Group
• NIHON KOHDEN CORPORATION
• Cadwell
• Natus Medical Incorporated

Regional Analysis:

The global Light Therapy Device Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

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