GLOBAL EPILEPSY MONITORING DEVICES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
Global epilepsy monitoring devices market is estimated to be valued at USD 546.6 Mn in 2024, and is expected to exhibit a CAGR of 5.2% during the forecast period (2024-2031). Global epilepsy monitoring devices market is witnessing significant growth due to rising prevalence of epilepsy disorders worldwide. Epilepsy is a chronic non-communicable disease characterized by recurrent seizures that affect people of all ages. However, it is more common in children and older adults. Epilepsy occurs due to disturbances in the electrical activity of the brain. Epilepsy monitoring devices help physicians and neurologists in monitoring epileptic seizures by analyzing brain waves through electroencephalography (EEG). Devices like video-EEG systems and ambulatory EEG systems are widely used for prolonged monitoring of epilepsy patients, especially whose seizures are difficult to capture or diagnose. Advancements in EEG technology and availability of portable ambulatory epilepsy monitors have boosted the adoption of epilepsy monitoring devices.
Market Dynamics:
Global epilepsy monitoring devices market growth is driven by rising geriatric population susceptible to epilepsy, growing awareness about epilepsy disorders, increasing research funding for epilepsy, and favorable reimbursement policies. However, high costs associated with EEG monitoring and ambulatory epilepsy monitoring devices hampers the market growth. Furthermore, ongoing R&D in precision diagnostics and development of next-generation portable epilepsy monitors present significant opportunities for the market growth. Growing demand for non-invasive and long-term ambulatory monitoring also offer significant opportunities for the market growth. Stringent regulatory approvals for new product launches and lack of skilled neurology professionals pose challenges for the market growth.
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Company Profiles:
Table of Contents
*Browse 34 market data tables and 31 figures on "Epilepsy Monitoring Devices Market” -Global forecast to 2031
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