Electroencephalography Devices Market Expansion Continues, with Forecast Valuation of $1.79 Billion by 2029

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Electroencephalography Devices Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the market size for electroencephalography devices has seen significant growth. It is projected to increase from $1.2 billion in 2024 to about $1.3 billion in 2025, maintaining a compound annual growth rate (CAGR) of 8.1%. Factors attributing to this growth during the historic period include early discoveries, the preliminary development of these devices, advancements in portable and wireless electroencephalography, neurofeedback, biofeedback and availability of consumer-grade electroencephalography devices.

Electroencephalography Devices Market Size Forecast: What's the Projected Valuation by 2029?
The market for electroencephalography devices is projected to display robust growth in the coming years. The market size is anticipated to expand to $1.79 billion by 2029, registering a compound annual growth rate (CAGR) of 8.4%. This surge in growth over the forecast period can be ascribed to factors such as research and development initiatives, clinical acceptance, escalating healthcare expenditure, an aging demographic, and the popularity of consumer wearables. The major trends expected during this forecast period encompass the integration of advanced signal processing and artificial intelligence, personalized healthcare, the amalgamation of virtual reality (VR) and augmented reality (AR), longitudinal monitoring, and big data analytics, in conjunction with other modalities.

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What Are the Drivers Transforming the Electroencephalography Devices Market?
The escalating occurrence of neurological conditions is anticipated to stimulate the expansion of the electroencephalography device market in the future. Neurological conditions impact the neurological system comprising the brain, spinal cord, and bodywide nerves. Due to factors such as an aging population, alterations in lifestyle, genetic influences, improved diagnostic techniques, and heightened awareness, the occurrence of neurological diseases is increasing. Electroencephalography devices, crucial for diagnosing and observing neurological diseases by tracking and interpreting electrical brain activity, assist in evaluating and treating disorders like epilepsy, sleep disorders, and brain injuries. For example, the World Federation of Neurology, a UK-based body championing for neurology and neurologists, reported in October 2023 that over 40% of the global populace is afflicted by neurological diseases, a number that could double by 2050. Hence, the escalating occurrence of neurological diseases is fueling the growth of the electroencephalography device market.

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What Trends Will Shape the Electroencephalography Devices Market Through 2029 and Beyond?
Prominent players in the electroencephalography device market make it a priority to innovate products, such as wearable electroencephalography (EEG) devices, to maximize accessibility, user-friendliness, and portability for both medical and research uses. Wearable EEG devices are easily transportable and non-invasive systems that track and document brain electrical activity via electrodes attached to the scalp. For example, in May 2024, Soterix Medical Inc., a U.S. firm known for its non-invasive neuromodulation and brain stimulation technologies, introduced the MxN-GO EEG system. This system is designed to assist with research that demands activity logging in both organic and mobile settings, along with electrical brain stimulation. The MxN-GO EEG device stands out for its lightweight, wire-free construction, which simplifies setup and enhances user comfort. Its 32 recording channels and 33 stimulation channels offer high accuracy and flexibility based on the specific application.

Which Segments in the Electroencephalography Devices Market Offer the Most Profit Potential?
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 Firms Dominate the Electroencephalography Devices Market by Market Share and Revenue in 2025?
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.

Which Regions Offer the Highest Growth Potential in 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.

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