Electroencephalography Devices Market Size, Share | Report 2022-2030
The global electroencephalography devices market was valued at USD 0.99 billion in 2021 and it is predicted to surpass around USD 2.4 billion by 2030 with a CAGR of 10.31% from 2022 to 2030.
Report Highlights
High prevalence of epilepsy, sleeping disorders, brain tumor, Parkinson’s disease, and stroke among other neurological disorders is a major factor anticipated to drive the growth. According to the World Health Organization (WHO), over 50 million people are affected by epilepsy; and more than 35.6 million people worldwide are suffering from Alzheimer’s disease and dementia.
In addition, growing awareness about neurological diseases and disorders in developed and developing regions is expected to boost the market. In addition, rise in government funding for neuroscience-related R&D is contributing to the market growth a great extent. Moreover, rapidly developing healthcare infrastructure and increasing disposable income in Asian countries is projected to support the demand for advanced electroencephalography (EEG) devices and systems.
Furthermore, introduction of technologically advanced products such as portable electroencephalography systems is expected to drive the market. Increasing focus on neuroscience, cognitive psychology, and psychophysiological research activities have led to increased demand for advanced systems.
Scope of The Report
| Report Coverage | Details |
| Market Size in 2021 | USD 0.99 billion |
| Revenue Forecast by 2030 | USD 2.4 billion |
| Growth rate from 2022 to 2030 | CAGR of 10.31% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segmentation | Product, type, end-use, region |
| Companies Covered |
Natus Medical, Inc., Electrical Geodesics, Inc.; Medtronic; NeuroWave Systems, Inc.; Compumedics Ltd.; Noraxon U.S.A., Inc.; Cadwell Laboratories, Inc.; Nihon Kohden America, Inc. |
Product Insights
On the basis of product, the electroencephalography devices market is segmented into 32-channel EEG, 25-channel EEG, 8-channel EEG,40-channel EEG, 21-channel EEG, and multichannel EEG. In 2021, 32-channel EEG was the largest revenue at 27% and is projected to maintain its dominance during the forecast period. Technological advancement in 32-channel EEG products and their high adoption by healthcare professionals are the major factors driving growth. In terms of revenue, the 32-channel EEG segment is followed by 25-channel EEG & 40-channel EEG segment in 2022. These segments are expected to showcase at a significant CAGR during the forecast period. Products offered by companies such as Neurofax EEG-1200 Diagnostic and Monitoring Platform by Nihon Kohden Corporation are expected to gain popularity over the next few years.
Multi-channel EEG systems are used to record electrical activities in the brain to diagnose neurological disorders, strokes, and other brain disorders, and detect tumors. The companies offering these products are Compumedics Limited (Neuvo 64-512 Channel LTM EEG, Grael LT EEG System, Grael 4K-EEG), Natus Medical Inc. (NicoletOne, Xltek EEG Systems) among others. This segment is anticipated to exhibit significant growth in the forecast period.
Type Insights
On the basis of type, the market is segmented into standalone devices and portable devices. Standalone devices accounted for the major market share of 78.58% in terms of revenue in 2021. Standalone devices are the most commonly used type of EEGs. Numerous applications of these devices in critical care are key factors contributing to its high revenue share. Standalone EEG systems are systems that are fixed or implanted at a particular place. Such systems are used mainly in hospital settings and consist of hardware and software solutions that allow physicians to interpret results efficiently. EEG devices are used to record electrical activities in the brain. With an increase in the number of neurological diseases like tumours, cerebral palsy, strokes, and other brain-related disorders, a huge number of patients have been admitted for treatment in hospital settings. This has largely contributed to the surge of standalone devices that are used in such settings.
Portable EEG devices are transportable in nature and can deduce similar results as those done by standalone devices. These devices are often used in ambulatory services and other paramedic settings where electrical activity of the brain has to be measured in order to understand the condition of the patient. Portable systems are also used in homecare settings to deal with comatose patients and patients suffering from other neurological disorders. The portable devices segment is expected to exhibit the highest CAGR of 10.1% during the forecast period. Major factor contributing to the growth are the increasing focus of manufacturers on technological advancements, such as portability, light weight, and simultaneous raw data acquisition. Also, rising demand of portable devices for clinical practice and outdoor investigation is projected to bode well for the segment growth.
End-use Insights
Hospitals led the overall market in 2021 with a share of ~70%, owing to the growing number of patients suffering from traumatic brain injuries, epilepsy, and other neurological disorders. In addition, increasing focus on the development of healthcare infrastructure in developing countries of Asia Pacific and Africa propels the segment growth. Hospitals held the highest market share owing to increasing admissions of patients suffering from traumatic brain injuries, epilepsy, and other neurological disorders. Hospitals are primary end-users of ECG devices because of their need to record the rhythm and electrical activity and evaluate the results in detail for clinical and research purposes. Thus, this segment dominated the market in 2022, owing to the high patient turnaround and frequent readmissions.
Diagnostic centers segment is expected to witness the fastest growth of 9.62% during the study period, due to the growing awareness regarding neurodegenerative disorders. The rising awareness among people leads to demand for advanced EEG products for disease diagnosis and prevention. The demand for advanced diagnostics products is high in developed countries like the U.S. and Germany, due to highly developed healthcare infrastructure in these countries.
The others end-use segment consists of neurological centers, clinical research organizations, and academic research organizations. Neurological centers specifically cater to those patients suffering from neurological diseases and usually operate in collaborations with hospitals & companies. With an increase in the number of neurological disorders, there is a huge demand for diagnosis & treatment at such centers that provide patients with specialized care & management of the disease.
Regional Insights
North America led the EEG devices market (market share of ~38.91%) in 2021 followed by Europe and Asia Pacific. Rising prevalence of various sleep and neurodegenerative disorders and accessibility to insurance are the major factors contributing to the regional growth. Moreover, the presence of highly developed healthcare infrastructure and strong distribution and sales network of leading vendors in this region are anticipated to drive growth. Favorable reimbursement policies in the U.S. have surged the usage of these systems for diagnosis of neurological disorders. Presence of government organizations such as the National Institute of Neurological Disorders and Stroke (NINDS) that provide funding for R&D activities applicable to treatment of brain nervous disorders contributed to the dominance of the regional market.
Europe is expected to showcase steady growth in the forecast period owing to the presence of a well-established healthcare system. The establishment of various non-profit organizations such as the European Multiple Sclerosis Platform (EMSP) is expected to further boost the market. According to EMSP, approximately 9 million people in Europe are affected by neurodegenerative diseases. This organization encourages research and data collection related to multiple sclerosis and focuses on spreading awareness regarding the same in Europe and other regions, thus, boosting the growth.
Key Players
Market Segmentation
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Electroencephalography Devices Market
5.1. COVID-19 Landscape: Electroencephalography Devices Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Electroencephalography Devices Market, By Product
8.1. Electroencephalography Devices Market, by Product, 2022-2030
8.1.1 8-channel EEG
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. 21-channel EEG
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. 25-channel EEG
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. 32-channel EEG
8.1.4.1. Market Revenue and Forecast (2017-2030)
8.1.5. 40-channel EEG
8.1.5.1. Market Revenue and Forecast (2017-2030)
8.1.6. Multi-channel EEG
8.1.6.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Electroencephalography Devices Market, By Type
9.1. Electroencephalography Devices Market, by Type, 2022-2030
9.1.1. Standalone Devices
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Portable Devices
9.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Electroencephalography Devices Market, By End-Use
10.1. Electroencephalography Devices Market, by End-Use, 2022-2030
10.1.1. Hospitals
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Diagnostic Centers
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Others
10.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Electroencephalography Devices Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Product (2017-2030)
11.1.2. Market Revenue and Forecast, by Type (2017-2030)
11.1.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.1.4.2. Market Revenue and Forecast, by Type (2017-2030)
11.1.4.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.1.5.2. Market Revenue and Forecast, by Type (2017-2030)
11.1.5.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.2. Market Revenue and Forecast, by Type (2017-2030)
11.2.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.4.2. Market Revenue and Forecast, by Type (2017-2030)
11.2.4.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.5.2. Market Revenue and Forecast, by Type (2017-2030)
11.2.5.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.6.2. Market Revenue and Forecast, by Type (2017-2030)
11.2.6.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Product (2017-2030)
11.2.7.2. Market Revenue and Forecast, by Type (2017-2030)
11.2.7.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.2. Market Revenue and Forecast, by Type (2017-2030)
11.3.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.4.2. Market Revenue and Forecast, by Type (2017-2030)
11.3.4.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.5.2. Market Revenue and Forecast, by Type (2017-2030)
11.3.5.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.6.2. Market Revenue and Forecast, by Type (2017-2030)
11.3.6.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Product (2017-2030)
11.3.7.2. Market Revenue and Forecast, by Type (2017-2030)
11.3.7.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.2. Market Revenue and Forecast, by Type (2017-2030)
11.4.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.4.2. Market Revenue and Forecast, by Type (2017-2030)
11.4.4.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.5.2. Market Revenue and Forecast, by Type (2017-2030)
11.4.5.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.6.2. Market Revenue and Forecast, by Type (2017-2030)
11.4.6.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Product (2017-2030)
11.4.7.2. Market Revenue and Forecast, by Type (2017-2030)
11.4.7.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.5.2. Market Revenue and Forecast, by Type (2017-2030)
11.5.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Product (2017-2030)
11.5.4.2. Market Revenue and Forecast, by Type (2017-2030)
11.5.4.3. Market Revenue and Forecast, by End-Use (2017-2030)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Product (2017-2030)
11.5.5.2. Market Revenue and Forecast, by Type (2017-2030)
11.5.5.3. Market Revenue and Forecast, by End-Use (2017-2030)
Chapter 12. Company Profiles
12.1. Natus Medical, Inc.
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Electrical Geodesics, Inc.
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Medtronic
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. NeuroWave Systems, Inc.
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Compumedics Ltd.
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Noraxon U.S.A., Inc.
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Cadwell Laboratories, Inc.
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Nihon Kohden America, Inc.
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers