Electroencephalography Systems/Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Electroencephalography Systems/Devices market is segmented By Type (Portable Device, Standalone device), By End User and Geography.

Electroencephalography Systems/Devices Market Snapshot

Electroencephalography Systems/Devices Market
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 8 %

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Market Overview

The Electroencephalography Systems Devices Market is expected to register a CAGR of 8% during the forecast period. This is attributing to an increasing number of neurological disorders with increasing awareness about the same. Electroencephalography is the only clinical diagnostic instrument that has the ability to see the brain activity and reflects cortical neuronal functioning in Alzheimer patients. Moreover, high incidences of Alzheimer's epilepsy, multiple sclerosis, dementia, Parkinson diseases, and stroke are the key driving factor for adopting this electroencephalography and this further trigger the market. As Per the Alzheimer’s Association, an estimate of 5.7 million populations in 2018 was suffered from Alzheimer's results in boosting the market for diagnosing and monitoring purposes. Moreover, increasing product launches and product development is also promoting the growth of the market. For instance, in 2019, Nihon kohden, has launched VitalEEG wireless electroencephalogram devices for the assessment of brain wave information. 

Scope of the Report

As per the Scope, the Electroencephalography system is the device that uses the noninvasive technique to measure and records the electrical activity of the brain. Electroencephalography Systems Devices Market is segmented By Type, End-User and Geography.

By Type
Portable Device
Standalone Device
By End User
Hospitals
Diagnostic Centers
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Standalone Electroencephalography System is Expected to Witness a Healthy Growth in Future

Standalone system is expected to witness healthy growth in future owing to an increasing number of neurological disorders such as tumors, strokes, cerebral palsy and other brain-related disorders. These target populations are more prone to admit in hospitals wherein these systems are commonly used. A standalone system is fixed at a particular place consist of hardware and software and is widely used in hospitals. This system allows doctors and physicians to interpret the results efficiently and high application in critical care is boosting the segment growth.

Electroencephalography Systems/Devices Market

North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period

North America expected to hold a major market share in the global Electroencephalography Systems Devices Market due to increasing incidences of neurological disorders, rising prevalence of sleep disorders. As per the ALS Association, around 5000 Americans diagnosed with Amyotrophic Lateral Sclerosis every year in the United States. In addition, as per Centers for disease control and prevention (CDC), Stroke is a leading cause of mortality in this region which results in the rising prevalence of diseases and further require continuous monitoring wherein these devices are widely adopted and hence propel the market in this region. Furthermore, increasing healthcare expenditure and the presence of well-established healthcare infrastructure is also fueling the growth of the overall regional market to a large extent.

Electroencephalography Systems/Devices Market

Competitive Landscape

The Electroencephalography Systems Devices Market is fragmented competitive and consists of several major players. Some of the companies which are currently dominating the market are Natus Medical, Inc., Cadwell Industries, Inc., Medtronic, Nihon Kohden Corporation.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising R&D Expenditure

      2. 4.2.2 Increasing Prevalence of Neurological Disorders

      3. 4.2.3 Increasing Product Development and Launch

    3. 4.3 Market Restraints

      1. 4.3.1 Limitation of Electroencephalography System

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Portable Device

      2. 5.1.2 Standalone Device

    2. 5.2 By End User

      1. 5.2.1 Hospitals

      2. 5.2.2 Diagnostic Centers

      3. 5.2.3 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Natus Medical, Inc.

      2. 6.1.2 NeuroWave Systems, Inc

      3. 6.1.3 Cadwell Industries, Inc.

      4. 6.1.4 Medtronic

      5. 6.1.5 Nihon Kohden Corporation

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Electroencephalography Systems/Devices Market market is studied from 2018 - 2026.

The Electroencephalography Systems/Devices Market is growing at a CAGR of 8% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Natus Medical, Inc., NeuroWave Systems, Inc, Cadwell Industries, Inc., Nihon Kohden Corporation, Medtronic are the major companies operating in Electroencephalography Systems/Devices Market.

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