Electroencephalography Devices Market Poised for 8.7 % Growth, Set to Hit $1.73 Billion by 2029

What industry-specific factors are fueling the growth of the electroencephalography devices market?
The increasing prevalence of neurological disorders is expected to drive the electroencephalography (EEG) device market. These disorders, impacting the brain and nervous system, are on the rise due to aging populations and lifestyle factors. EEG devices are key in diagnosing and managing conditions like epilepsy, sleep disorders, and brain injuries by recording electrical activity in the brain. For instance, in October 2023, the World Federation of Neurology predicted that more than 40% of the global population will suffer from a neurological condition by 2050. As such, the increasing prevalence of neurological disorders is stimulating the growth of the EEG device market.

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What Is the projected market size and growth rate for the electroencephalography devices market?
The electroencephalography devices market size has grown consistently in recent years. It will rise from $1.2 billion in 2024 to $1.31 billion in 2025, at a CAGR of 9.1%. The growth is driven by advancements in neurofeedback technology, the development of portable and wireless EEG devices, and the increasing popularity of consumer-grade EEG products.

The electroencephalography (EEG) devices market is expected to grow to $1.83 billion by 2029, with a CAGR of 8.7%. Growth drivers include research and development, clinical acceptance, healthcare expenditure increases, an aging population, and the rise of consumer wearables. Trends include advanced signal processing, AI integration, VR/AR use, big data analytics, and combining EEG with other modalities.

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What new trends are reshaping the electroencephalography devices market and its opportunities?
Companies in the electroencephalography (EEG) devices market are advancing wearable EEG systems to improve accessibility, ease of use, and portability. For example, in May 2024, Soterix Medical Inc., a US-based neuromodulation technology company, launched the MxN-GO EEG system. This wearable device, designed for research and electrical brain stimulation, features a lightweight, wire-free design with 32 recording and 33 stimulation channels, offering high precision and functionality for mobile and natural environment use.

What major market segments define the scope and growth of the electroencephalography devices market?
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

Subsegments:
1) By Portable: Handheld EEG Devices For Home Or Point-Of-Care Use, Wireless Portable EEG Systems, Lightweight, Compact EEG Devices For Mobile Applications
2) By Standalone: Traditional EEG Systems Used In Hospitals Or Clinics, Desktop Or Wall-Mounted EEG Devices, High-Performance EEG Systems With Advanced Features For Diagnostics
3) By Wearable: EEG Headbands Or Caps For Continuous Monitoring, Smart EEG Devices Integrated With Wearable Technology (E.G., Smartwatches, Headsets), Non-Invasive EEG Devices For Real-Time Brain Activity Monitoring

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Which region dominates the electroencephalography devices market?
North America was the largest region in the electroencephalography devices market in 2024. The regions covered in the electroencephalography devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the electroencephalography devices industry growth?
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.

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What Is Covered In The Electroencephalography Devices Global Market Report?

•Market Size Forecast: Examine the electroencephalography devices market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the electroencephalography devices market for a structured understanding.
•Key Players Overview: Analyze major players in the electroencephalography devices market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the electroencephalography devices market.
•Segment Contributions: Evaluate how different segments drive overall growth in the electroencephalography devices market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the electroencephalography devices market.
•Industry Challenges: Identify potential risks and obstacles affecting the electroencephalography devices market.
•Competitive Landscape: Review strategic developments in the electroencephalography devices market, including expansions, agreements, and new product launches.

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