Wearable EEG Headsets Market: Growth, Trends, and Future Prospects 2033

The Business Research Company recently released a comprehensive report on the Global Wearable Electroencephalogram EEG Headsets Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The wearable electroencephalogram (EEG) headsets market size has grown rapidly in recent years. It will grow from $1.38 billion in 2023 to $1.55 billion in 2024 at a compound annual growth rate (CAGR) of 12.3%. The growth in the historic period can be attributed to expanding applications beyond clinical settings, growing focus on user-friendliness and data security, changing lifestyles, huge potential in emerging markets, and increasing focus on healthcare infrastructure.

The wearable electroencephalogram (EEG) headsets market size is expected to see rapid growth in the next few years. It will grow to $2.48 billion in 2028 at a compound annual growth rate (CAGR) of 12.5%. The growth in the forecast period can be attributed to growing incidence of neurovascular diseases, growing awareness of mental health issues, demand for non-invasive monitoring solutions across many industries, increase in traumatic brain injuries, and increasing demand for early diagnosis and continuous monitoring of neurological disorders. Major trends in the forecast period include technological advancements, growing prevalence of neurological disorders, increasing geriatric population, wearable electroencephalogram (EEG) headsets are gaining popularity, and rising demand for non-invasive monitoring solutions.

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Market Drivers and Trends:

The growing incidence of cerebrovascular diseases is expected to propel the growth of the wearable electroencephalogram (EEG) headsets market going forward. Cerebrovascular diseases are disorders that affect the blood vessels and blood supply to the brain, leading to conditions such as stroke, aneurysm, and vascular dementia. The rising prevalence of underlying risk factors such as hypertension, high blood pressure, diabetes, and high blood cholesterol further exacerbates the problem of cerebrovascular diseases. Wearable electroencephalogram (EEG) headsets offer a non-invasive and efficient way to monitor brain activity, making them valuable in clinical and research settings. For instance, in July 2024, according to the Australian Institute of Health and Welfare, an Australia-based government agency, the number of deaths from cerebrovascular diseases in 2022 rose by 2.2% compared to 2020. Specifically, there were 9,100 doctor-certified deaths due to cerebrovascular diseases, including stroke, in 2020, which increased to 9,300 in both 2021 and 2022. Therefore, the growing incidence of cerebrovascular diseases is driving the growth of the wearable electroencephalogram (EEG) headsets market.

Major companies operating in the wearable electroencephalogram (EEG) headsets market are developing innovative products with advanced technologies such as dry electrode EEG technology, to enhance user convenience and improve the accuracy of brain activity monitoring. Dry electrode EEG technology enhances wearable EEG headsets by improving user convenience, comfort, and data quality, making them more accessible and practical for everyday use and extended monitoring. For instance, in February 2023, Wearable Sensing, a US-based neurotechnology company, in collaboration with Soterix Medical, a US-based biotechnology company, introduced the Dry Electroencephalogram (EEG) + tDCS system. This wearable EEG headset combines dry electrode EEG technology with transcranial direct current stimulation (tDCS). This innovative headset features six customizable dry electrode Electroencephalogram (EEG) sensors and two tDCS electrodes, enabling simultaneous brain activity monitoring and stimulation. The system utilizes the QStates machine learning cognitive state classification algorithm to automatically adjust stimulation based on detected cognitive states, enhancing its utility in neuroscientific research and therapeutic applications.

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Major Key Players of the Market:

Medtronic Plc; Koninklijke Philips N.V.; Natus Medical Incorporated; Cadwell Industries Inc.; NeuroSky Inc.; Brain Products GmbH; Emotiv Inc.; BrainCo Inc.; ANT Neuro GmbH; Electrical Geodesics Inc.; Neuroelectrics Barcelona S.L.U.; Compumedics Limited; G.Tec Medical Engineering GmbH; iMotions A/S; Intelesens Ltd.; Nubbo; MyndPlay Ltd.; OpenBCI Inc.; Gentag Inc.; Artinis Medical Systems BV; Wearable Sensing; Pankhtech India Private Limited

Wearable Electroencephalogram EEG Headsets Market 2024 Key Insights:

• The wearable electroencephalogram (EEG) headsets market size is expected to see rapid growth in the next few years. It will grow to $2.48 billion in 2028 at a compound annual growth rate (CAGR) of 12.5%.
• Growing Cerebrovascular Disease Incidence Drives Wearable Electroencephalogram (EEG) Headset Market Expansion
• Innovative Developments in Wearable EEG Headsets
• North America was the largest region in the wearable electroencephalogram (EEG) headsets market in 2023

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