EEG Equipment Market to Reach $1.99 Billion by 2026 with a 4.5% CAGR | Neurostyle Pte Ltd., Advanced Brain Monitoring, Inc., Natus Medical Incorporated

According to Allied Market Research, the electroencephalography (EEG) equipment market was valued at $1.40 billion in 2018 and is projected to reach $1.99 billion by 2026, growing at a CAGR of 4.5% from 2019 to 2026. The global electroencephalography (EEG) equipment market is experiencing significant growth, driven by advancements in medical technology, increasing neurological disorders, and a rising geriatric population. This article provides a comprehensive analysis of the EEG equipment market, exploring key trends, market drivers, segmentation, challenges, and opportunities.

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What Is Electroencephalography?

Electroencephalography (EEG) is a non-invasive diagnostic technique that measures electrical activity in the brain. It is widely used to detect abnormalities associated with brain functions and monitor neurological conditions. The process involves placing electrodes on the scalp to capture brain wave patterns, which are then amplified and analyzed for diagnostic or research purposes.

EEG is used in:

• Disease Diagnosis: Identifying neurological conditions like epilepsy, Alzheimer's, and other brain disorders.

• Sleep Monitoring: Tracking sleep patterns for disorders like insomnia or sleep apnea.

• Anesthesia Monitoring: Ensuring effective sedation during surgeries.

• Trauma and Surgery: Evaluating brain activity during and after trauma or surgical procedures.

EEG Equipment Market Segmentation:

By Product

• EEG Equipment: Divided into integrated and portable systems.
• EEG Accessories: Includes consumables such as electrodes and caps, which accounted for the largest market share in 2018 due to their frequent replacement and growing demand.
Key Trends:
• Portable EEG Systems: Rising demand for portable devices is driving innovation, enabling on-the-go brain monitoring and reducing the dependency on large hospital setups.

By Application

Disease Diagnosis
This segment dominated the market in 2018, driven by the increasing prevalence of neurological disorders. EEG is widely used for diagnosing conditions such as epilepsy and Alzheimer's.

Sleep Monitoring

The growing awareness of sleep-related disorders has led to increased adoption of EEG equipment for tracking and managing sleep patterns.
Anesthesia Monitoring and Surgery
EEG is gaining traction in surgical centers for monitoring anesthesia levels and ensuring patient safety during complex procedures.

By End User:

Hospitals held the largest market share in 2018 due to their comprehensive range of EEG applications, including disease diagnosis, sleep monitoring, and anesthesia monitoring.
Ambulatory Surgical Centers and Diagnostic Centers
These facilities are increasingly adopting EEG equipment due to their affordability and ability to offer specialized services.

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By Region:

North America

• Accounted for the largest market share in 2018.

• Factors driving growth include advanced healthcare infrastructure, high R&D investment, and a large number of neurological disorder cases.

Asia-Pacific

• Expected to register the fastest growth during the forecast period.

• The region is benefiting from rising healthcare expenditure, a growing geriatric population, and increased awareness about neurological disorders.

Europe and LAMEA

• Europe remains a significant market, with Germany, France, and the UK leading the adoption of advanced EEG technologies.

• LAMEA is witnessing gradual growth, fueled by healthcare advancements in Brazil and South Africa.

Key Benefits for Electroencephalography Equipment Market:

This report entails a detailed quantitative analysis along with the current global electroencephalography equipment market trends from 2019 to 2026 to identify the prevailing opportunities along with the strategic assessment.

The electroencephalography equipment market forecast is studied from 2019 to 2026.

The EEG market size and estimations are based on a comprehensive analysis of key developments in the electroencephalography equipment industry.

A qualitative analysis based on innovative products facilitates strategic business planning.

The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market.

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This release was published on openPR.