The electroencephalography equipment market accounted for $1,403 million in 2018, and is expected to reach $1,999 million by 2026, registering a CAGR of 4.5% from 2019 to 2026.
Electroencephalography (EEG) equipment are used to conduct a test to study the electrical activity of the brain. This test is called as electroencephalogram and it provides insights related to fluctuations in brain wave. Moreover, the test is non-invasive and includes the use of electrodes that are placed on the scalp of the patient. These devices are employed for diagnosis of various diseases such as epilepsy, Alzheimer’s diseases, and others. Furthermore, EEG equipment is also used to monitor sleep pattern in an individual. EEG equipment are used in intensive care units of hospitals to monitor the brain function of the patient. At diagnostic centers, these devices are used to diagnose brain disorders and at research laboratories to study action of drugs on the brain.
Rise in geriatric population and a surge in adoption of EEG equipment in a surgery centers are the factors that boost the growth of the global EEG equipment market. Moreover, the other factor that fuels the growth of the market include increase in prevalence of neurological disorders such as epilepsy and Alzheimer’s disease. Furthermore, technological advancements in the field of EEG equipment also contributes to the growth of the global EEG equipment market. However, presence of substitute products in the market is a factor that hinders the growth of the market. Conversely, growth potential in developing nations is expected to provide lucrative opportunity for the global EEG equipment market during the forecast period.
The electroencephalography equipment market is segmented Based on the product, application, end user, and region to provide a detailed assessment of the market. Based on the product, the market is divided into integrated EEG system, portable EEG system, and EEG accessories. Based on application, the market is divided into brain monitoring, sleep monitoring, and anesthesia monitoring. On the basis of end user, the market is classified into hospitals, diagnostic & medical laboratories, and others. Based on region, the electroencephalography equipment market size is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, and rest of LAMEA).
KEY BENEFITS FOR STAKEHOLDERS
Key Market Segments
By Application
By Region
List of key players profiled in the report:
LIST OF OTHER PLAYERS IN THE VALUE CHAIN (These players are not profiled in the report. The same will be included on request)
Rise in geriatric population and a surge in adoption of EEG equipment in a surgery centers are the factors that boost the growth of the global EEG equipment market. Moreover, the other factor that fuels the growth of the market include increase in prevalence of neurological disorders such as epilepsy and Alzheimer’s disease. Furthermore, technological advancements in the field of EEG equipment also contributes to the growth of the global EEG equipment market. However, presence of substitute products in the market is a factor that hinders the growth of the market. Conversely, growth potential in developing nations is expected to provide lucrative opportunity for the global EEG equipment market during the forecast period.
The electroencephalography equipment market is segmented Based on the product, application, end user, and region to provide a detailed assessment of the market. Based on the product, the market is divided into integrated EEG system, portable EEG system, and EEG accessories. Based on application, the market is divided into brain monitoring, sleep monitoring, and anesthesia monitoring. On the basis of end user, the market is classified into hospitals, diagnostic & medical laboratories, and others. Based on region, the electroencephalography equipment market size is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, and rest of LAMEA).
KEY BENEFITS FOR STAKEHOLDERS
- This report entails a detailed quantitative analysis along with the current global electroencephalography equipment market trends from 2019 to 2026 to identify the prevailing opportunities along with the strategic assessment.
- The market size and estimations are based on a comprehensive analysis of key developments in the industry.
- A qualitative analysis based on innovative products facilitates strategic business planning.
- The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market.
Key Market Segments
- By Product
- Integrated EEG Systems
- Portable EEG Systems
- EEG Accessories
By Application
- Brain Monitoring
- Sleep Monitoring
- Anesthesia Monitoring
- By End User
- Hospitals
- Diagnostic & Medical Laboratories
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
List of key players profiled in the report:
- Advanced Brain Monitoring, Inc.
- Cadwell Industries, Inc.
- Cephalon A/S
- Compumedics Limited
- Fresenius SE & Co. KGaA
- General Electric Company (GE Healthcare)
- Koninklijke Philips N.V. (Philips Healthcare)
- Medtronic plc.
- Natus Medical Incorporated
- Nihon Kohden Corporation
LIST OF OTHER PLAYERS IN THE VALUE CHAIN (These players are not profiled in the report. The same will be included on request)
- Neuro Style.
- NeuroWave Systems Inc.
- Micromed S.p.A.
- NCC Medical Co. Ltd.
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Electroencephalography Equipment Market, By Product
Chapter 5: Electroencephalography Equipment Market, By Application
Chapter 6: Electroencephalography Equipment Market, By End User
Chapter 7: Electroencephalography Equipment Market, By Region
Chapter 8: Competitive Landscape
Chapter 9: Company Profiles
Executive Summary
According to the report titled, 'Electroencephalography Equipment Market by Product, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2018-2026', the global electroencephalography equipment market accounted for $1.40 billion in 2018, and is expected to reach $1.99 billion by 2026, registering a CAGR of 4.5% from 2019 to 2026.Electroencephalography equipment are used to run brain wave test on patients for the diagnosis of diseases, monitor the sleep pattern, and others. This brain wave test is non-invasive and is called as an electroencephalogram. The test is performed by placing the electrodes on the scalp to detect the electrical activity of the brain. However, this electrical activity of the brain is very low and requires amplification that is achieved by the amplifier in the device. The amplified electrical activity is then visualized and analyzed for any abnormality. EEG equipment are mainly used in hospitals and diagnostic centers and are also employed in research centers to conduct various experiments.
The key factors that drive the growth of the global electroencephalography equipment market are rise in geriatric population and a surge in adoption of EEG equipment in a surgery centers. The other factors that contribute toward the growth of the market include increase in prevalence of neurological disorders such as epilepsy and Alzheimer’s disease. Furthermore, technological advancements in the field of EEG equipment is another factor that contributes to the growth of the global EEG equipment market. However, presence of large number of substitute products in the market hinders the growth of the market. Whereas, growth potential in developing nation is expected to provide lucrative opportunity for the global EEG equipment market during the forecast period.
The electroencephalography equipment market is segmented Based on the product, application, end user, and region to provide a detailed assessment of the market. Based on the product, the market is divided into EEG equipment and EEG accessories. Moreover, EEG equipment is further bifurcated into integrated EEG system and portable EEG system. Based on application, the market is divided into diseases diagnosis, sleep monitoring, anesthesia monitoring, trauma & a surgery and others. On the basis of end user, the market is classified into hospitals, diagnostic centers, ambulatory surgical centers, research laboratories and others. Based on region, the electroencephalography equipment market size is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, and rest of LAMEA).
On the basis of product, the EEG accessories segment was a major revenue contributor in 2018 and is expected to maintain its dominant position throughout the analysis period as these devices are purchased repeatedly. Moreover, the other factors that contribute to the growth of this market include the a surge in various neurological disorders such as epilepsy, Alzheimer’s and others.
According to application, the disease diagnosis segment accounted for the highest market share in 2018, and is expected to register fastest growth rate, owing to a surge in prevalence of neurological disorders such as epilepsy, Alzheimer disease, and others across the globe. Moreover, increase in adoption of EEGs in neonatal intensive care units (NICUs) is another major reason that boost the growth of this segment.
Based on end user, the hospitals segment accounted for the highest market share in 2018 and is anticipated to maintain this trend during the forecast period, as these facilities provide vast number of EEG applications. For instance, the hospitals provide brain monitoring, sleep monitoring, and anesthesia monitoring.
In 2018, North America accounted for the major share of electroencephalography equipment market size and is expected to continue this trend owing to higher number of R&D activities, presence of skilled technicians, and wide availability of technologically advanced EEG equipment. Moreover, a surge in prevalence of various neurological disorders is another factor that boost the EEG market in the region. On the other side Asia-Pacific is estimated to register the fastest growth during the forecast period owing to rise in healthcare expenditure, and a surge in prevalence of various neurological disorders such as epilepsy and others.
Key Findings of the Electroencephalography Equipment Market:
EEG accessories systems occupied two-thirds share of the global electroencephalography equipment market in 2018
The disease diagnosis segment is anticipated to grow with the highest CAGR throughout the forecast period
The hospitals segment accounted for one-third share of the market in 2018
Asia-Pacific is anticipated to grow at the highest rate during the analysis period, followed by LAMEA
Companies Mentioned
- Advanced Brain Monitoring Inc.
- Cadwell Industries Inc.
- Cephalon A/S
- Compumedics Limited
- Fresenius SE & Co. KGaA
- General Electric Company (GE Healthcare)
- Koninklijke Philips N.V. (Philips Healthcare)
- Medtronic plc.
- Natus Medical
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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