EEG Devices Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently released a comprehensive report on the worldwide market for EEG devices. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure. This research publication presents exclusive data and statistics outlining the anticipated growth trajectory of the global EEG devices market from 2024 to 2031.

Key Insights:

EEG Devices Market Size (2024E): US$ 1.25 Bn
Projected Market Value (2031F): US$ 2 Bn
Global Market Growth Rate (CAGR 2024 to 2031):5%

EEG Devices Market - Report Scope:

EEG (electroencephalography) devices play a crucial role in diagnosing and monitoring neurological disorders, including epilepsy, sleep disorders, brain injuries, and other cognitive impairments. These devices measure electrical activity in the brain, providing critical data for clinical research and therapeutic applications. The EEG devices market caters to hospitals, research laboratories, diagnostic centers, and homecare settings, offering a range of device types, including portable, wireless, and integrated systems.

Market Growth Drivers:

The global EEG devices market is driven by several key factors, including the increasing prevalence of neurological disorders and the rising demand for non-invasive diagnostic techniques. Advancements in EEG technology, such as wireless and wearable devices, enhance the accessibility and accuracy of brain monitoring, contributing to market growth. Additionally, the expanding application of EEG in neuromarketing and cognitive research, along with increased healthcare spending and awareness, further accelerates the market's expansion.

Market Restraints:

Despite promising growth prospects, the EEG devices market faces challenges related to high device costs, stringent regulatory standards, and limited reimbursement policies in some regions. Complexities in device operation and interpretation of EEG data can hinder widespread adoption, particularly in low-resource settings. Addressing these challenges will require innovation in affordable device design and enhanced training programs for healthcare professionals.

Market Opportunities:

The EEG devices market presents significant growth opportunities driven by the integration of artificial intelligence and machine learning in EEG analysis. These technologies improve diagnostic accuracy and enable predictive insights, fostering innovation in personalized medicine. The growing adoption of portable and home-based EEG systems for long-term monitoring and telehealth applications also creates new avenues for market expansion. Strategic collaborations, research funding, and the development of user-friendly devices are crucial for capitalizing on these opportunities.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the EEG devices market globally?
Which device types and applications are gaining traction across healthcare and research settings?
How are technological advancements reshaping the competitive landscape of the EEG devices market?
Who are the key players in the EEG devices market, and what strategies are they employing to sustain market leadership?
What are the emerging trends and future prospects in the global EEG devices market?

Competitive Intelligence and Business Strategy:

Leading players in the global EEG devices market, including Natus Medical Incorporated, Nihon Kohden Corporation, and Compumedics Limited, focus on innovation and strategic partnerships to maintain competitive advantage. These companies are investing in R&D to develop advanced systems featuring wireless capabilities, cloud connectivity, and AI-powered analytics. Collaborations with healthcare providers and academic institutions enhance product adoption and expand their customer base. Emphasis on training programs and patient education fosters trust and supports market penetration in evolving healthcare landscapes.

Key Companies Profiled:

Natus Medical Incorporated
Nihon Kohden Corporation
Compumedics Limited
Medtronic Plc
Masimo Corporation
Neurosoft
Cadwell Industries, Inc.
Advanced Brain Monitoring, Inc.
Electrical Geodesics, Inc.
Emotiv

EEG Devices Market Segmentation

By Product

21 Channel
25 Channel
32 Channel
40 Channel
8 Channel
Multi-channel

By Modality

Portable Devices
Standalone (Fixed Devices)

By End User

Diagnostic Centers
Hospitals
Ambulatory Surgical Centers

By Region

North America
Europe
East Asia
South Asia and Oceania
Latin America
Middle East and Africa

Product Code: PMRREP7616

1. Executive Summary

1.1. Global EEG Devices Market Snapshot, 2024 - 2031
1.2. Market Opportunity Assessment, 2024 - 2031, US$ Bn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Macro-Economic Factors
- 2.3.1. Global Sectorial Outlook
- 2.3.2. Global GDP Growth Outlook
- 2.3.3. Global Healthcare Spending Outlook
2.4. COVID-19 Impact Analysis
2.5. Forecast Factors - Relevance and Impact

3. Value Added Insights

3.1. Product Type Adoption Analysis
3.2. Technology Assessment
3.3. Regulatory Landscape
3.4. Value Chain Analysis
- 3.4.1. List of Distribution Channel/Marketplaces
  - 3.4.1.1. Retail
  - 3.4.1.2. Audiology
  - 3.4.1.3. E-commerce
- 3.4.2. List of End User (Industry)
3.5. Key Deals and Mergers
3.6. PESTLE Analysis
3.7. Porter's Five Force Analysis

4. Price Trend Analysis, 2023

4.1. Key Highlights
4.2. Key Factors Impacting Product Prices
4.3. Pricing Analysis, By Product
4.4. Regional Prices and Product Preferences

5. Global EEG Devices Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

5.1. Key Highlights
- 5.1.1. Market Volume (Units) Projections
- 5.1.2. Market Size (US$ Bn) and Y-o-Y Growth
- 5.1.3. Absolute $ Opportunity
5.2. Market Size (US$ Bn) Analysis and Forecast
- 5.2.1. Historical Market Size (US$ Bn) Analysis, 2019 - 2023
- 5.2.2. Current Market Size (US$ Bn) Analysis and Forecast, 2024 - 2031
5.3. Global EEG Devices Market Outlook: Product Type
- 5.3.1. Introduction / Key Findings
- 5.3.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Product Type, 2019 - 2023
- 5.3.3. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Product Type, 2024 - 2031
  - 5.3.3.1. 21 Channel EEG
  - 5.3.3.2. 25 Channel EEG
  - 5.3.3.3. 32 Channel EEG
  - 5.3.3.4. 40 Channel EEG
  - 5.3.3.5. 8 Channel EEG
  - 5.3.3.6. Multi-Channel EEG
- 5.3.4. Market Attractiveness Analysis: Product Type
5.4. Global EEG Devices Market Outlook: Modality
- 5.4.1. Introduction / Key Findings
- 5.4.2. Historical Market Size (US$ Bn) Analysis, By Modality, 2019 - 2023
- 5.4.3. Current Market Size (US$ Bn) Analysis and Forecast, By Modality, 2024 - 2031
  - 5.4.3.1. Portable Devices
  - 5.4.3.2. Standalone (Fixed Devices)
- 5.4.4. Market Attractiveness Analysis: Modality
5.5. Global EEG Devices Market Outlook: End User
- 5.5.1. Introduction / Key Findings
- 5.5.2. Historical Market Size (US$ Bn) Analysis, By End User, 2019 - 2023
- 5.5.3. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024 - 2031
  - 5.5.3.1. Diagnostic Centers
  - 5.5.3.2. Hospitals
  - 5.5.3.3. Ambulatory Surgical Centers
  - 5.5.3.4. Others
- 5.5.4. Market Attractiveness Analysis: End User

6. Global EEG Devices Market Outlook: Region

6.1. Key Highlights
6.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis, By Region, 2019 - 2023
6.3. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Region, 2024 - 2031
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia and Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
6.4. Market Attractiveness Analysis: Region

7. North America EEG Devices Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

7.1. Key Highlights
7.2. Historical Market Size (US$ Bn) Analysis, By Market, 2019 - 2023
- 7.2.1. By Country
- 7.2.2. By Product Type
- 7.2.3. By Modality
- 7.2.4. By End User
7.3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024 - 2031
- 7.3.1. U.S.
- 7.3.2. Canada
7.4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Product Type, 2024 - 2031
- 7.4.1. 21 Channel EEG
- 7.4.2. 25 Channel EEG
- 7.4.3. 32 Channel EEG
- 7.4.4. 40 Channel EEG
- 7.4.5. 8 Channel EEG
- 7.4.6. Multi-Channel EEG
7.5. Current Market Size (US$ Bn) Analysis and Forecast, By Modality, 2024 - 2031
- 7.5.1. Portable Devices
- 7.5.2. Standalone (Fixed Devices)
7.6. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024 - 2031
- 7.6.1. Diagnostic Centers
- 7.6.2. Hospitals
- 7.6.3. Ambulatory Surgical Centers
- 7.6.4. Others
7.7. Market Attractiveness Analysis

8. Europe EEG Devices Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

8.1. Key Highlights
8.2. Historical Market Size (US$ Bn) Analysis, By Market, 2019 - 2023
- 8.2.1. By Country
- 8.2.2. By Product Type
- 8.2.3. By Modality
- 8.2.4. By End User
8.3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024 - 2031
- 8.3.1. Germany
- 8.3.2. France
- 8.3.3. U.K.
- 8.3.4. Italy
- 8.3.5. Spain
- 8.3.6. Russia
- 8.3.7. Turkey
- 8.3.8. Rest of Europe
8.4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Product Type, 2024 - 2031
- 8.4.1. 21 Channel EEG
- 8.4.2. 25 Channel EEG
- 8.4.3. 32 Channel EEG
- 8.4.4. 40 Channel EEG
- 8.4.5. 8 Channel EEG
- 8.4.6. Multi-Channel EEG
8.5. Current Market Size (US$ Bn) Analysis and Forecast, By Modality, 2024 - 2031
- 8.5.1. Portable Devices
- 8.5.2. Standalone (Fixed Devices)
8.6. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024 - 2031
- 8.6.1. Diagnostic Centers
- 8.6.2. Hospitals
- 8.6.3. Ambulatory Surgical Centers
- 8.6.4. Others
8.7. Market Attractiveness Analysis

9. East Asia EEG Devices Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

9.1. Key Highlights
9.2. Historical Market Size (US$ Bn) Analysis, By Market, 2019 - 2023
- 9.2.1. By Country
- 9.2.2. By Product Type
- 9.2.3. By Modality
- 9.2.4. By End User
9.3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024 - 2031
- 9.3.1. China
- 9.3.2. Japan
- 9.3.3. South Korea
9.4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Product Type, 2024 - 2031
- 9.4.1. 21 Channel EEG
- 9.4.2. 25 Channel EEG
- 9.4.3. 32 Channel EEG
- 9.4.4. 40 Channel EEG
- 9.4.5. 8 Channel EEG
- 9.4.6. Multi-Channel EEG
9.5. Current Market Size (US$ Bn) Analysis and Forecast, By Modality, 2024 - 2031
- 9.5.1. Portable Devices
- 9.5.2. Standalone (Fixed Devices)
9.6. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024 - 2031
- 9.6.1. Diagnostic Centers
- 9.6.2. Hospitals
- 9.6.3. Ambulatory Surgical Centers
- 9.6.4. Others
9.7. Market Attractiveness Analysis

10. South Asia & Oceania EEG Devices Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

10.1. Key Highlights
10.2. Historical Market Size (US$ Bn) Analysis, By Market, 2019 - 2023
- 10.2.1. By Country
- 10.2.2. By Product Type
- 10.2.3. By Modality
- 10.2.4. By End User
10.3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024 - 2031
- 10.3.1. India
- 10.3.2. Southeast Asia
- 10.3.3. ANZ
- 10.3.4. Rest of South Asia & Oceania
10.4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Product Type, 2024 - 2031
- 10.4.1. 21 Channel EEG
- 10.4.2. 25 Channel EEG
- 10.4.3. 32 Channel EEG
- 10.4.4. 40 Channel EEG
- 10.4.5. 8 Channel EEG
- 10.4.6. Multi-Channel EEG
10.5. Current Market Size (US$ Bn) Analysis and Forecast, By Modality, 2024 - 2031
- 10.5.1. Portable Devices
- 10.5.2. Standalone (Fixed Devices)
10.6. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024 - 2031
- 10.6.1. Diagnostic Centers
- 10.6.2. Hospitals
- 10.6.3. Ambulatory Surgical Centers
- 10.6.4. Others
10.7. Market Attractiveness Analysis

11. Latin America EEG Devices Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

11.1. Key Highlights
11.2. Historical Market Size (US$ Bn) Analysis, By Market, 2019 - 2023
- 11.2.1. By Country
- 11.2.2. By Product Type
- 11.2.3. By Modality
- 11.2.4. By End User
11.3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024 - 2031
- 11.3.1. Brazil
- 11.3.2. Mexico
- 11.3.3. Rest of Latin America
11.4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Product Type, 2024 - 2031
- 11.4.1. 21 Channel EEG
- 11.4.2. 25 Channel EEG
- 11.4.3. 32 Channel EEG
- 11.4.4. 40 Channel EEG
- 11.4.5. 8 Channel EEG
- 11.4.6. Multi-Channel EEG
11.5. Current Market Size (US$ Bn) Analysis and Forecast, By Modality, 2024 - 2031
- 11.5.1. Portable Devices
- 11.5.2. Standalone (Fixed Devices)
11.6. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024 - 2031
- 11.6.1. Diagnostic Centers
- 11.6.2. Hospitals
- 11.6.3. Ambulatory Surgical Centers
- 11.6.4. Others
11.7. Market Attractiveness Analysis

12. Middle East & Africa EEG Devices Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

12.1. Key Highlights
12.2. Historical Market Size (US$ Bn) Analysis, By Market, 2019 - 2023
- 12.2.1. By Country
- 12.2.2. By Product Type
- 12.2.3. By Modality
- 12.2.4. By End User
12.3. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024 - 2031
- 12.3.1. GCC Countries
- 12.3.2. Egypt
- 12.3.3. South Africa
- 12.3.4. Northern Africa
- 12.3.5. Rest of Middle East & Africa
12.4. Current Market Size (US$ Bn) and Volume (Units) Analysis and Forecast, By Product Type, 2024 - 2031
- 12.4.1. 21 Channel EEG
- 12.4.2. 25 Channel EEG
- 12.4.3. 32 Channel EEG
- 12.4.4. 40 Channel EEG
- 12.4.5. 8 Channel EEG
- 12.4.6. Multi-Channel EEG
12.5. Current Market Size (US$ Bn) Analysis and Forecast, By Modality, 2024 - 2031
- 12.5.1. Portable Devices
- 12.5.2. Standalone (Fixed Devices)
12.6. Current Market Size (US$ Bn) Analysis and Forecast, By End User, 2024 - 2031
- 12.6.1. Diagnostic Centers
- 12.6.2. Hospitals
- 12.6.3. Ambulatory Surgical Centers
- 12.6.4. Others
12.7. Market Attractiveness Analysis

13. Competition Landscape

13.1. Market Share Analysis, 2023
13.2. Market Structure
- 13.2.1. Competition Intensity Mapping By Market
- 13.2.2. Competition Dashboard
13.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 13.3.1. Cardwell Laboratories Inc.
  - 13.3.1.1. Overview
  - 13.3.1.2. Segments and Product Types
  - 13.3.1.3. Key Financials
  - 13.3.1.4. Market Developments
  - 13.3.1.5. Market Strategy
- 13.3.2. Nihon Kohden Corporation
- 13.3.3. Compumedics Limited
- 13.3.4. Natus Medical Incorporated
- 13.3.5. Neurosoft Ltd.
- 13.3.6. Elekta AB
- 13.3.7. Electrical Geodesics Inc.
- 13.3.8. NeuroWave Systems Inc.
- 13.3.9. EB Neuro S.p.A
- 13.3.10. Brain Scientific Inc.
- 13.3.11. Myneurva

14. Appendix

14.1. Research Methodology
14.2. Research Assumptions
14.3. Acronyms and Abbreviations