Electroencephalograph Systems Market
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Electroencephalograph Systems Market size was valued at around USD 1 Billion in 2023 and is anticipated to register a CAGR of 6.4% between 2024 and 2032. An electroencephalograph (EEG) system is a medical device designed to measure and record the electrical activity of the brain. It consists of electrodes, amplifiers, and a recording device. The electrodes are placed on the scalp, and they detect the electrical signals generated by neurons in the brain. These signals are then amplified and recorded, producing an EEG trace or waveform.
The growing incidence of neurological disorders is a significant global health concern, affecting individuals of all ages. For instance, according to the World Health Organization (WHO), approximately 50 million people worldwide are impacted by epilepsy. This statistic implies that between 4 and 10 per 1,000 people experience active epilepsy. Thus, the growing incidence of neurological disorders propels the market expansion.
Furthermore, greater awareness of neurological disorders and improved healthcare infrastructure lead to increased reporting and diagnosis. As awareness campaigns raise public understanding, more individuals seek medical attention for symptoms, contributing to higher reported prevalence.
Report Attribute | Details |
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Base Year: | 2023 |
Electroencephalograph Systems Market size in 2023: | USD 1 Billion |
Forecast Period: | 2024 – 2032 |
Forecast Period 2023 - 2032 CAGR: | 6.4 |
2023 Value Projection: | USD 1.8 Billion |
Historical Data for: | 2018 – 2023 |
No of Pages: | 201 |
Tables, Charts & Figures: | 284 |
Segments Covered: | Product, Type, Application, End-use, and Region |
Growth Drivers: |
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Pitfalls Challenges: |
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Continuous advancements in EEG technology, including improvements in hardware, software, and connectivity. This involves the development of more portable, wireless, and user-friendly EEG systems. There is a notable trend towards miniaturization, making EEG devices more portable and lightweight. This is especially beneficial for ambulatory monitoring, home use, and situations were traditional, bulkier systems may be impractical.
As these factors converge, the EEG market is positioned for robust growth, driven by increased demand in clinical diagnostics, research endeavors, and the rising adoption of remote healthcare that is estimated to grow at 17.2% CAGR in the evolving landscape of healthcare.
Based on product, the market is segmented into 8-channel EEG, 21-channel EEG, 25-channel EEG, 32-channel EEG, 40-channel EEG, and multi-channel EEG. The 32-channel EEG segment is poised for significant growth at a CAGR of 6.7% during the forecast period.
Based on type, the electroencephalograph systems market is segmented into standalone device and portable device. The standalone device segment accounted for a revenue share of 75.5% in 2023 and is estimated to follow similar trend over the coming years.
The electroencephalograph systems market by application is categorized into epilepsy, sleep disorders, brain tumours and lesions, stroke, psychiatric disorders, brain mapping, and other applications. The epilepsy segment accounted for around USD 237 million revenue size in 2023.
The electroencephalograph systems market by end-use is categorized into hospitals, neurology centers, diagnostic centers, and other end-users. The hospitals segment accounted for around USD 327.2 million revenue size in 2023.
North America electroencephalograph systems market accounted for USD 457.7 million revenue in 2023 and is predicted to witness substantial market growth.
The electroencephalograph systems industry is competitive in nature, with several large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel advanced products based on different technologies is among a key market strategy. Some of the leading industry players including Medtronic plc, Natus Medical Incorporated among others have a notable presence in the market.
Some of the eminent market participants operating in the electroencephalograph systems industry include:
Market, By Product
Market, By Type
Market, By Application
Market, By End-use
The above information is provided for the following regions and countries:
Some of the leading firms engaged in the electroencephalograph systems market are Bio-Logic Systems Corporation, BrainScope Company, Inc., Cadwell Industries, Inc., Compumedic Neuroscan, Compumedics Limited, EBNeuro S.p.A., Elekta AB, Interaxon Inc., Medtronic plc, Natus Medical Incorporated, and NeuroWave Systems Inc.
Electroencephalograph (EEG) systems market size was valued at USD 1 billion in 2023 and is estimated to reach over USD 1.8 billion by 2032 driven by the growing incidence of neurological disorders as a significant global health concern, affecting individuals of all ages.
North America electroencephalograph systems industry reached USD 457.7 million in revenue in 2023 and is projected to grow at a notable CAGR through 2032 owing to growing integration with hospital information systems (HIS) for seamless data sharing, patient record management, and efficient workflow within hospital environments.
The 32-channel segment is anticipated to witness a 6.7% growth rate from 2024-2032 attributed to their ability to provide more detailed and spatially specific information about brain activity.