PUBLISHER: The Business Research Company | PRODUCT CODE: 1704236
PUBLISHER: The Business Research Company | PRODUCT CODE: 1704236
Electroencephalography (EEG) devices are medical instruments used to measure and record the electrical activity in the brain. These devices capture electrical signals produced by neuronal activity via electrodes positioned on the scalp. EEG is extensively employed in clinical environments for diagnosing and monitoring conditions such as epilepsy, sleep disorders, brain injuries, and various neurological disorders.
EEG devices come in several types, including portable, standalone, and wearable models. Portable EEG devices are compact and wearable systems designed to monitor and record brain wave activity outside of traditional clinical settings. They are available in various configurations such as 8-channel, 21-channel, 25-channel, 32-channel, 40-channel, and multi-channel setups. These devices are distributed through direct tender and retail sales, serving applications such as trauma and surgery support, disease diagnosis, anesthesia monitoring, sleep analysis, and others. End users of EEG devices include hospitals, diagnostic centers, and other healthcare facilities.
The electroencephalography devices research report is one of a series of new reports from The Business Research Company that provides electroencephalography devices market statistics, including the electroencephalography devices industry's global market size, regional shares, competitors with an electroencephalography devices market share, detailed electroencephalography devices market segments, market trends and opportunities, and any further data you may need to thrive in the electroencephalography devices industry. This electroencephalography devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The electroencephalography devices market size has grown strongly in recent years. It will grow from $1.2 billion in 2024 to $1.31 billion in 2025 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to early discoveries, initial development, portable and wireless electroencephalography, neurofeedback and biofeedback, consumer-grade electroencephalography devices.
The electroencephalography devices market size is expected to see strong growth in the next few years. It will grow to $1.83 billion in 2029 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to research and development, clinical acceptance, increasing healthcare expenditure, aging population, consumer wearables. Major trends in the forecast period include advanced signal processing and artificial intelligence integration, personalized healthcare, integration with virtual reality (VR) and augmented reality (AR), longitudinal monitoring and big data analytics, combination with other modalities.
The rise in neurological disorders is expected to drive the growth of the electroencephalography device market in the future. Neurological disorders impact the nervous system, including the brain, spinal cord, and nerves throughout the body. Factors contributing to the increasing prevalence of these disorders include an aging population, lifestyle changes, genetic factors, improved diagnostic capabilities, and heightened awareness. Electroencephalography devices play a crucial role in diagnosing and monitoring neurological conditions by recording and analyzing brain electrical activity. They aid in the evaluation and management of conditions such as epilepsy, sleep disorders, and brain injuries. For instance, in October 2023, the World Federation of Neurology reported that more than 40% of the global population suffers from a neurological disorder, a number expected to nearly double by 2050. Therefore, the growing prevalence of neurological disorders is a significant driver of the electroencephalography device market's expansion.
Leading companies in the electroencephalography (EEG) devices market are focused on developing innovative solutions, such as wearable EEG devices, to improve accessibility, user-friendliness, and portability for both clinical and research purposes. Wearable EEG devices are compact, non-invasive systems designed to track and record brain electrical activity through electrodes placed on the scalp. For example, in May 2024, Soterix Medical Inc., a US-based company specializing in non-invasive neuromodulation and brain stimulation technologies, launched the MxN-GO EEG system. This system is designed to support research that requires activity recording in both natural and mobile settings, as well as electrical brain stimulation. The MxN-GO EEG device features a lightweight, wire-free design, making it easier to set up and more comfortable for users. It includes 32 recording channels and 33 stimulation channels, offering high precision and functionality tailored to specific applications.
In January 2024, Aditxt Inc., a US-based life sciences company, acquired the electroencephalography (EEG) brain monitoring assets from Brain Scientific for an undisclosed sum. This acquisition is intended to expand Aditxt's portfolio and capabilities in brain health, strengthening its emphasis on neurological diagnosis and monitoring by incorporating advanced brain monitoring technologies. Brain Scientific Inc., another US-based healthcare company, specializes in commercial-stage electroencephalography devices.
Major companies operating in the electroencephalography devices market are General Electric Company, Philips Healthcare, Nihon Kohden Corporation, Natus Medical Incorporated, Cadwell Industries Inc, NeuroPace Inc., EB Neuro S.p.A., Brain Products GmbH, Lifelines Neuro Company LLC, ANT Neuro BV, BioSemi B.V, Micromed Group, Electrical Geodesics Inc., Thought Technology Ltd, NeuroSky Inc., Compumedics Limited, Neuroelectrics Corp, Advanced Brain Monitoring, Neurosoft Ltd, Artinis Medical Systems, Mitsar Co. Ltd, Wearable Sensing LLC, Emotiv Inc.
North America was the largest region in the electroencephalography devices market in 2024. The regions covered in the electroencephalography devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the electroencephalography devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The electroencephalography devices market consists of sales of quantitative electroencephalography devices, digital electroencephalography systems, and ambulatory electroencephalography 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.
Electroencephalography Devices Global Market Report 2025 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 electroencephalography devices 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 electroencephalography devices ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The electroencephalography devices 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.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.