PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1514954
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1514954
Electrodermal Activity Detecting Devices Market size was valued at USD 3,542.2 Million in 2023, expanding at a CAGR of 9.00% from 2024 to 2032.
The Electrodermal Activity Detecting Devices Market includes devices used to measure the electrical conductivity of skin. This skin conductance often implies a physiological or psychological excitement of the body. These devices are also known as galvanic skin response (GSR) sensors. This type of device has a wide range of applications, including stress monitoring, emotion identification, and biofeedback. Wearable sensors, as well as stand-alone and integrated devices, are available on the market for sensing electrodermal activity. All of them have uses in healthcare, research, and wellness; they help monitor a person's response to stimuli, stressors, or emotional states by monitoring variations in skin conductance, whether increasing or decreasing.
Electrodermal Activity Detecting Devices Market- Market Dynamics
O Rising Adoption of Wearable Technology for Health and Well-being Monitoring Propels the Market Growth
The increasing use of wearable technologies for health and wellness monitoring is driving the growth of the Electrodermal Activity Detecting Devices Market. As more people track their physiological responses to specific events, as well as stress levels and emotional states, the need for wearable electrodermal activity monitors grows. The market is expanding rapidly due to the ease and accessibility with which one's well-being may be tracked in real-time, employing wearable EDA sensing equipment. With the incorporation of EDA sensors into smartwatches and fitness trackers, market growth is likely to accelerate further since a single device provides comprehensive health monitoring capabilities.
Electrodermal Activity Detecting Devices Market- Key Insights
v Our research analyst estimates that the global market will develop at a CAGR of approximately 9.00% from 2024 to 2032.
v Based on Type segmentation, the Psychological Arousal section is the dominant
v Based on Application segmentation, Hospitals are the most significant segment in the Electrodermal Activity Detecting Devices Market in 2023.
v On the basis of region, North America was the leading revenue generator in 2023
The Global Electrodermal Activity Detecting Devices Market is segmented on the basis of Type, Application, and Region.
The market is divided into four categories based on Type: Physiological Arousal, Psychological Arousal, Perioperative Care, and Others. The Psychological Arousal section is the dominant one. Electrodermal activity measurement, as a component of psychology and neuroscience, has a wide range of applications in assessing psychological states, emotional reactions, stress levels, and arousal states. Electrodermal activity-detecting devices are widely employed in research, therapy, and welfare sectors to comprehend arousal states. This results in a high demand for electrodermal activity-detecting devices for psychological arousal evaluation, which drives the segment's growth.
The market is divided into three categories based on Application: Hospitals, Clinics, and Others. Hospitals are the most important segment of the Electrodermal Activity Detecting Devices Market by application. Because of their extensive range of diagnostic and monitoring uses, hospitals are the largest consumers of advanced medical technologies, including electrodermal activity-detecting equipment. These institutions, Maison, make use of such EDA equipment for stress evaluation, emotional monitoring, biofeedback therapy, and other applications.
Electrodermal Activity Detecting Devices Market- Geographical Insights
Geographically, this market is present in North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These zones are further split based on which countries bring business. North America definitely leads the regional category for electrodermal activity-detecting devices, with a market share of 45%. The formation of sophisticated medical device industries producing cutting-edge medical gadgets, as well as raising public health awareness about electrodermal activity-detecting wearable devices, are the primary factors driving its explosive market expansion.
The Asia Pacific Electrodermal Activity Detecting Devices Market is expected to grow at the fastest CAGR between 2024 and 2032 owing to developing healthcare infrastructure and lucrative market prospects for medical device manufacturers to establish subsidiaries.
In the competitive Electrodermal Activity Detecting Devices Market, many players are fighting for market share by developing unique EDA devices with cutting-edge features. Key market participants include BrainSigns, Srl, Eisco Labs, iMotions, Movisens GmbH, and Maxim Integrated, which specialize in healthcare technology, wearable devices, and research equipment. These companies compete by creating solutions that give precise and real-time electrodermal activity readings while maintaining dependability and user-friendliness. Furthermore, strategic partnerships, research collaborations, and product diversification are critical in influencing the market's competitive dynamics.
v In August 2022, Vernier Software & Technology stated that the company had changed its name to Vernier Science Education. The group stated that the change was made to reflect the organization's mission of "building a STEM-literate society."
GLOBAL ELECTRODERMAL ACTIVITY DETECTING DEVICES MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
O BrainSigns
O Srl
O Eisco Labs
O iMotions
O Movisens GmbH
O Maxim Integrated
O PLUX Wireless Biosignals S.A.
O Shimmer
O Vernier Software & Technology LLC.
O Others