Epilepsy Monitoring Devices Market Size, Share, Growth Analysis, Report 2024-2031

Epilepsy Monitoring Devices Market is predicted to reach at a CAGR of 12.4% during the forecast period (2024-2031).

Epilepsy is a neurological disorder marked by abnormal brain activity that leads to seizures, unusual behavior, sensations, and, in some cases, loss of awareness. The increasing prevalence of epilepsy and the presence of major key players in the market are anticipated to drive growth. In the United States, about 1.2% of people, or approximately 3.4 million individuals, are affected by active epilepsy. Globally, the number exceeds 65 million, with about 1 in 26 people expected to develop epilepsy in their lifetime.

Empatica Inc., a U.S.-based company, is advancing this field with its medical-grade wearables, software, and algorithms for physiological data collection and analysis. On February 6, 2018, Empatica received FDA approval for the Embrace smartwatch, designed to detect generalized tonic-clonic seizures and alert caregivers. The device also monitors the patient's activity, stress levels, and overall balance. The growth of the market is expected to be driven by increasing FDA approvals and the active presence of key players in the industry.

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Market Dynamics:

The increasing technological developments in disease monitoring devices is expected to drive the market growth in the forecast period

Despite advancements in technology for monitoring the human body, patients with epilepsy still rely on seizure diaries to record and count seizures outside of clinical settings. Accurate seizure recognition is challenging, as about half of all seizures go unnoticed by the patient. However, a new generation of long-term brain monitoring technologies is emerging, which continuously records brain activity both in clinical environments and at home. These innovations have the potential to significantly enhance disease management for epilepsy patients.

The evolution of engineering technology in epilepsy management offers renewed hope for identifying periods with increased seizure risk and delivering responsive therapies to prevent seizures. Various wearable devices are now available that can detect seizures, record seizure data, and alert caregivers. These devices use non-invasive sensors to measure accelerometry, photoplethysmography (PPG), electrodermal activity (EDA), electromyography (EMG), and other signals outside traditional clinical settings to detect seizure-related changes.

Ensuring user acceptability is crucial for the success of these devices, as it affects their long-term use and effectiveness.

Segment Covered in the Epilepsy Monitoring Devices Market:

By Product: Wearable Devices, EEG, EMG, MEG, Deep Brain Stimulation Devices, Others.

By End User: Hospitals, Ambulatory Surgical Center, Home Care Settings, Others.

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Key players involved in Epilepsy Monitoring Devices Market:

• Empatica Inc.
• Compumedics Limited
• Masimo Corporation
• PulseGuard International Ltd
• Koninklijke Philips N.V.
• Medtronic plc
• Natus Medical Incorporated
• Nihon Kohden Corporation
• Possum Ltd.

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Product Portfolio:

Empatica Inc.

Empatica Inc., founded in 2013, is a Cambridge, MA-based company that originated from the MIT Media Lab. The company specializes in AI-enabled tools aimed at advancing forecasting, monitoring, research, and treatment. Empatica develops medical-grade wearables, software, and algorithms designed for the collection and interpretation of physiological data.

Regional Analysis:

The global Epilepsy Monitoring Devices Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Epilepsy Monitoring Devices Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

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