The report "Electroencephalography Devices Market" accounted to USD 8 billion in 2016 growing at a CAGR of 6.5% during the forecast period of 2017 to 2024.
Global Electroencephalography Devices Market, By Product Type (MRI, CT, PET, EEG, EMG, MEG, TCD, ICP, Electrodes, Sensors, Gels, Cables), By Application (Diagnostics, Therapeutics), By Procedure (Invasive, Non-Invasive), By Disease (TBI, Stroke, Dementia, Epilepsy), By End-Users (Hospitals, Clinics, Diagnostic Centers), By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Electroencephalography devices are used to record electrical action produced by the human brain or neurological disorders in a person. EEG device comprises the usage of electrodes to track electrical signals in the person’s brain, and to check for abnormalities in acquired brain signals.
Electroencephalography Devices Market Competitive Analysis:
The Electroencephalography devices market is highly fragmented and is based on new product launches and clinical results of products.
Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Electroencephalography devices market for global, Europe, North America, Asia Pacific and South America.
Some of the major players operating in electroencephalography devices market are Natus Medical, Inc.; Electrical Geodesics, Inc.; Medtronic; NeuroWave Systems, Inc.; Compumedics Ltd.; Noraxon U.S.A., Inc.; Cadwell Laboratories, Inc., and Nihon Kohden America, Inc. among others.
Major market drivers and restraints:
- Growing incidence of neurological disorders
- Demand for EEG devices in hospitals and diagnostics centers
- Increasing investment in R&D and new product development
- Growing geriatric population
- Technological advancement
- Unfavorable Reimbursement Policies
- Shortage of trained professionals
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Electroencephalography Devices Market Segmentation:
By product type the electroencephalography devices market is segmented into MRI, CT, PET, EEG, EMG, MEG, TCD, ICP, Electrodes, Sensors, Gels, and Cables.
On the basis of application the market is segmented into diagnostics and therapeutics segments. By procedure the segmentation of the market is invasive, non-invasive.
Based on disease, the Electroencephalography market is segmented into TBI, stroke, dementia, epilepsy. On the basis of end-users the electroencephalography devices market is segmented into hospitals, diagnostic centers and academics.
On the basis of geography, electroencephalography devices market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, andBrazil among others.
In 2017, North America is expected to dominate the market.
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