PUBLISHER: The Business Research Company | PRODUCT CODE: 1572646
PUBLISHER: The Business Research Company | PRODUCT CODE: 1572646
Wearable electroencephalogram (EEG) headsets are portable devices equipped with electrodes to measure electrical activity in the brain. They are designed for mobile brain monitoring, offering applications such as mental health tracking, cognitive performance enhancement, and neurofeedback training, and provide insights into brain function beyond traditional laboratory environments.
The primary products in the wearable EEG headsets market include 5-channel EEG, 14-channel EEG, 32-channel EEG, and others. A 5-channel EEG system records electrical activity from five different locations on the scalp. Applications for these devices encompass trauma and surgery, disease diagnosis, anesthesia monitoring, sleep monitoring, and more. End-users include hospitals, diagnostic centers, and other facilities.
The wearable electroencephalogram (EEG) headsets market research report is one of a series of new reports from The Business Research Company that provides wearable electroencephalogram (EEG) headsets market statistics, including the wearable electroencephalogram (EEG) headsets industry global market size, regional shares, competitors with wearable electroencephalogram (EEG) headsets market share, detailed wearable electroencephalogram (EEG) headsets market segments, market trends, and opportunities, and any further data you may need to thrive in the wearable electroencephalogram (EEG) headsets industry. These wearable electroencephalogram (EEG) headsets market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The wearable electroencephalogram (EEG) headsets market size has grown rapidly in recent years. It will grow from $1.38 billion in 2023 to $1.55 billion in 2024 at a compound annual growth rate (CAGR) of 12.3%. The growth during the historic period can be attributed to the expansion of applications beyond clinical settings, a growing emphasis on user-friendliness and data security, changing lifestyles, significant potential in emerging markets, and increasing investment in healthcare infrastructure.
The wearable electroencephalogram (EEG) headsets market size is expected to see rapid growth in the next few years. It will grow to $2.48 billion in 2028 at a compound annual growth rate (CAGR) of 12.5%. The anticipated growth in the forecast period can be attributed to the rising incidence of neurovascular diseases, increasing awareness of mental health issues, growing demand for non-invasive monitoring solutions across various industries, a rise in traumatic brain injuries, and the increasing need for early diagnosis and continuous monitoring of neurological disorders. Major trends expected during this period include technological advancements, a growing prevalence of neurological disorders, an expanding geriatric population, the increasing popularity of wearable EEG headsets, and a rising demand for non-invasive monitoring solutions.
The rising prevalence of cerebrovascular diseases is anticipated to drive the growth of the wearable electroencephalogram (EEG) headsets market. Cerebrovascular diseases, which impact the blood vessels and blood supply to the brain, can result in conditions such as stroke, aneurysm, and vascular dementia. The increasing incidence of risk factors such as hypertension, diabetes, and high cholesterol exacerbates the problem. Wearable EEG headsets provide a non-invasive and effective method for monitoring brain activity, proving valuable in both clinical and research environments. For instance, in July 2024, the Australian Institute of Health and Welfare reported a 2.2% increase in deaths from cerebrovascular diseases from 2020 to 2022. Specifically, deaths due to cerebrovascular diseases, including stroke, rose from 9,100 in 2020 to 9,300 in both 2021 and 2022. Consequently, the rise in cerebrovascular diseases is boosting the demand for wearable EEG headsets.
Key players in the wearable EEG headsets market are advancing their products with new technologies such as dry electrode EEG, which enhances user convenience and improves brain activity monitoring accuracy. Dry electrode EEG technology makes these headsets more comfortable, practical, and suitable for daily use and extended monitoring. For example, in February 2023, Wearable Sensing, a US-based neurotechnology firm, partnered with Soterix Medical, a US-based biotechnology company, to launch the Dry Electroencephalogram (EEG) + tDCS system. This headset integrates dry electrode EEG technology with transcranial direct current stimulation (tDCS), featuring six customizable EEG sensors and two tDCS electrodes. It uses the QStates machine learning algorithm to adjust stimulation based on cognitive states, enhancing its applications in neuroscience research and therapy.
In January 2024, Aditxt Inc., a US-based biotech firm, acquired a suite of EEG brain monitoring technologies and devices, including the NeuroCap and NeuroEEG, from Brain Scientific Inc. for $2.625 million. This acquisition, which includes 16 patents, is set to strengthen Aditxt's subsidiary, Pearsanta, Inc., and support its entry into the advanced neurological diagnostics and monitoring sector. Brain Scientific Inc., a US-based medical equipment manufacturer, specializes in disposable EEG headsets and portable EEG devices.
Major companies operating in the wearable electroencephalogram (EEG) headsets market are Medtronic Plc, Koninklijke Philips N.V., Natus Medical Incorporated, Cadwell Industries Inc., NeuroSky Inc., Brain Products GmbH, Emotiv Inc., BrainCo Inc., ANT Neuro GmbH, Electrical Geodesics Inc., Neuroelectrics Barcelona S.L.U., Compumedics Limited, G.Tec Medical Engineering GmbH, iMotions A/S, Intelesens Ltd., Nubbo, MyndPlay Ltd., OpenBCI Inc., Gentag Inc., Artinis Medical Systems BV, Wearable Sensing, Pankhtech India Private Limited
North America was the largest region in the wearable electroencephalogram (EEG) headsets market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the wearable electroencephalogram (EEG) headsets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the wearable electroencephalogram (EEG) headsets market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The wearable electroencephalogram (EEG) headsets market consists of sales of neurofeedback headsets, research-grade electroencephalogram (EEG) headsets, consumer meditation and wellness headsets, brain-computer interface (BCI) headsets and portable electroencephalogram (EEG) devices. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Wearable Electroencephalogram (EEG) Headsets Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on wearable electroencephalogram (EEG) headsets market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for wearable electroencephalogram (EEG) headsets ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The wearable electroencephalogram (EEG) headsets market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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