Electroencephalography Systems Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3927
Electroencephalography systems market size is expected to grow significantly from 2019 to 2025.
Increasing inclination of population towards technologically advanced and sophisticated electroencephalography devices will stimulate the electroencephalography systems market growth. Rising adoption for these devices offer several opportunities including shorter hospital stay, reduced cost and portability features. Additionally, cost effective devices are being launched in the market should foster the electroencephalography systems industry growth. High demand for detection of various brain disorders including others boosts electroencephalography systems business growth. Furthermore, manufactures are focusing at introducing innovative detection devices into electroencephalography systems that further fosters the overall industry growth.
Rising R&D investments by manufacturers to deliver innovative and advanced brain monitoring systems will propel the electroencephalography systems industry growth. Different initiatives undertaken by manufacturers to develop secured devices for easy and quick detection aimed at efficient patient care is expected to drive the demand for electroencephalography systems devices. Moreover, companies such as Natus Medical, Inc., Medtronic, and Compumedics Ltd among others invest ample amount in R&D to improve the existing devices and new product enhancement should foster industry growth. However, limited product approvals may hinder the electroencephalography systems market growth over the analysis timeframe.
32-channel EEG segment is anticipated to witness robust growth over the forecast timeframe. Technological advancement in 32-channel ECG devices coupled with increased adoption for such products by healthcare professional augments segmental growth. Moreover, these products meet IFCN standards along with system design verification in the standard EEG isolation room to demonstrate the accuracy further fosters the segmental growth.
Standalone devices segment will grow moderately during the analysis period. Such systems are highly preferred during the brain procedures largely in hospitals. Standalone devices helps to manage the sterility for several procedural activities that should upsurge business revenue share.
Hospital segment will witness significant growth over the forthcoming years. electroencephalography systems can manage patient health more precisely with available devices at hospital settings. Moreover, increasing preference for standalone and portable devices during surgical procedures further propels the segmental growth.
North America electroencephalography systems industry will account for lucrative revenue share by 2025 owing to increasing accessibility to insurance. Favorable reimbursement scenario for the diagnosis of neurological disorders, and presence of government organizations accelerates the regional growth.
Eminent industry players operating in electroencephalography systems market include Compumedics, BrainScope Company, Medtronic, Noraxon, Cadwell Laboratories, Neurowave Systems, Nihon Kohden, Neurosoft, Integra LifeSciences, Headsense Medical, Covidien Medical devices, Nonin Medical, and Rimed. Notable corporate players functioning in this business adopt several strategies to compete in the market and to have competitive edge over other market players should propel the business growth. For instance, in July 2016, Compumedics Ltd and Bestmed signed an agreement for Compumedics monitoring systems and neurodiagnostic. This collaboration has enhanced company’s product portfolio and territorial coverage.
Electroencephalography Systems Market By Product, 2014-2025 (USD Million)
- 8-channel EEG
- 21-channel EEG
- 25 channel EEG
- 32-channel EEG
- 40-channel EEG
- Multi-channel EEG
Electroencephalography Systems Market By Modalities, 2014-2025 (USD Million)
- Standalone devices
- Portable devices
Electroencephalography Systems Market By Application, 2014-2025 (USD Million)
- Ambulatory EEG
- Video telemetry
- Routine EEG
- Sleep EEG
Electroencephalography Systems Market By End-use, 2014-2025 (USD Million)
- Diagnostic Centers
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
- BrainScope Company Inc
- Cadwell Laboratories Inc.,
- Compumedics Limited
- Covidien Medical Devices
- Integra LifeSciences,
- Natus Medical Inc.,
- Neurowave Systems Inc.,
- Noraxon U.S.A., Inc.,
- Rimed Ltd.
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