Global Electroencephalography Devices Market Size To Reach US$ 1.4 Bn By 2026, Growing At A CAGR Of 8.9%

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Electroencephalography (EEG) devices are booming, backed by the escalating awareness amongst individuals for the advantages of this device and the increasing demand for high-quality healthcare services. With the rising prevalence of neurological disorders globally, people are opting for products that assist them in staying fit and investing more in healthcare services. Electroencephalography devices record the electrical activity of the brain. It encompasses electrodes that can detect brain activity when placed on a person’s scalp. The electrodes record the brain wave patterns, and the EEG machine sends the data to a computer or cloud server. These devices contain amplifiers, electrodes, filters, and an analog to digital converter. Wireless or portable EEG machines have a battery, while wired EEG machines will be hooked up directly to a computer. The Global Electroencephalography Devices Market is estimated to see healthy growth, pegged at a CAGR of around 8.9% throughout the forecast period 2020-2026.

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With the rising prevalence of neurological disorders, there has been an increasing demand for high-quality EEG devices. Numerous companies cater to the specific needs of EEG users to offer unique solutions for the consumer, including a stationary or portable device, the number of channels, the predefined metrics provided, and the price of the device. The readings recorded from an EEG device are used to diagnose various neurological disorders and monitor sleep disorders and patients under anesthesia. The equipment is attached to the scalp of the patient to collect the reading of brain waves. Moreover, the North American region will be the leading owing to the rising burden of neurological disorders in the US and accessibility of specialty care centers for neurology diseases. In contrast, the Asia Pacific region is also anticipated to increase market growth due to the rising elderly population in countries such as China and the rapid development of the medical devices industry.

The advent of mobile electroencephalography (mobile EEG) represents a next-generation neuroscientific technology that helps study real-time brain activity relatively inexpensive, non-invasive, and portable. This mobile EEG has overcome the limitations of traditional neuroimaging modalities for studying neurodevelopmental disorders. If optimally implemented, the incorporation of mobile EEG will illuminate the developmental psychopathology mechanisms and facilitate the identification of putative brain-based biomarkers. Although, the use of mobile EEG in neurodevelopmental research is still in its infancy. Moreover, the rising R&D investments by manufacturers to provide advanced brain monitoring devices will positively impact the growth of the electroencephalography devices market.

Segmentation Overview of the Global Electroencephalography Devices Market

The electroencephalography devices market is segmented into product, type, and end-use. These major market segments are further categorized into various sub-segments to study the market in detail.

By Product Outlook (8-channel EEG, 21-channel EEG, 25 channel EEG, 32-channel EEG, 40-channel EEG and Multi-channel EEG)

By Type Outlook (Standalone Devices, Portable Devices)

By End-Use Outlook (Hospitals, Diagnostic Centers, Others)

Key Players Insights

Natus Medical, Inc.; Electrical Geodesics, Inc.; Medtronic; NeuroWave Systems, Inc.; Compumedics Ltd.; Noraxon U.S.A., Inc.; Cadwell Laboratories, Inc., Nihon Kohden America, Inc., and others are some key market players included in the research study of the global electroencephalography devices market.

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