EEG (Electroencephalography) Devices Market, by Device Type (8-Channel EEG, 21-Channel EEG, 32-Channel EEG, 64-Channel EEG, and Others), by Modality (Standalone and Portable), by End User (Hospitals, Diagnostic Centers, and Others), and by Geography - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

  • Published On : Dec 2019 |
  • Pages : 237 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

EEG Devices Market – Insights

Electroencephalography (EEG) is a neurological test that is used to measure and record electrical activities in the brain. The test is used in the diagnosis of various neurological disorders such as epilepsy, Parkinson’s disease, and Alzheimer's disease. EEG monitoring is also used in the diagnosis of seizures and epilepsy in children. There are different types of EEG (Electroencephalography) devices such as standalone, portable, and wireless, depending on the modality of the device.

The global EEG (Electroencephalography) devices market is estimated to account for US$ 2,198.0 Mn in terms of value by the end of 2027.

Global EEG Devices Market: Drivers

High incidence of neurological disorders such as epilepsy, Parkinson disease, Alzheimer and other dementias, and cerebrovascular diseases is expected to boost growth of the global EEG (Electroencephalography) devices market over the forecast period. Moreover, the prevalence of cerebrovascular diseases is higher compared to other disorders such as epilepsy, Alzheimer’s disease, migraine, and meningitis. For instance, according to the World Health Organization (WHO), the percentage of total disability-adjusted life years (DALYs) of epilepsy is expected to account for 0.5% while of cerebrovascular diseases for 3.6%. Moreover, percentage of total DALYs of cerebrovascular disease is projected to reach 3.9%, while that of epilepsy is expected to remain more or less constant by 2030.

Moreover, increasing product development and launch activates are also expected to boost growth of the global EEG (Electroencephalography) devices market. For instance, on October 2019, Nihon Kohden, a developer of precision medical products and services launched VitalEEG wireless electroencephalogram (EEG) headset designed for fast assessment of brain-wave information in patients who are unconscious.

North America region dominated the global EEG (Electroencephalography) devices market in 2018, accounting for 43.6% share in terms of volume, followed by Europe.

Figure 1. Global EEG (Electroencephalography) Devices Market Value (US$ Mn), by Region, 2018

EEG (Electroencephalography) Devices  | Coherent Market Insights

Global EEG (Electroencephalography) Devices Market: Restraints 

However, neurological study requires skilled professionals to operate and administer testing in accurate manner. Therefore, lack of skilled professionals is expected to hinder growth of the global EEG devices market. Moreover, setup of conventional EEG is a time consuming process and may lead to patient inconvenience and EEG test offers poor spatial resolution compared to other brain monitoring techniques such as functional magnetic resonance imaging (fMRI) and electromyography (EMG), which is expected to further restrict growth of the market over the forecast period.

Global EEG (Electroencephalography) Devices Market: Opportunities  

Development of wireless devices and brain-controlled interface technology can enhance patient convenience and offer growth opportunities for market players. For instance, Brain Products GmbH offers LiveAmp—a wireless EEG solution. LiveAmp has internal data storage and can be used in research related to sports, sleep, and cognitive behavior.

Moreover, increasing use of EEG devices for event-related potential (ERP) detection is also expected to offer lucrative growth opportunities for the market players. For instance, Advanced Brain Monitoring, Inc. offers B-Alert X24—a product that aids Defense Advanced Research Projects Agency (DARPA) in real time ERP detection. The product is portable, easy-to-use, wireless, and comfortable for hours of EEG monitoring.    

EEG (Electroencephalography) Devices  | Coherent Market Insights

Global 25 Channel EEG (Electroencephalography) devices segment was valued at US$ 287.8 Mn market in 2018 and is forecast to reach a value of US$ 530.6 by 2027 at a CAGR of 7.3% between 2019 and 2027

Global EEG (Electroencephalography) Devices Market: Trends   

The field of neurology is witnessing increasing technological developments that are focused on comprehending the functioning of brain in order to develop new approaches for the treatment of various neurological diseases. Some of the most prominent R&D activities are real-time brain feedback boosting, analyzing changing non-invasive brain stimulation behavior, and development of drug to ensure prevention of post-traumatic stress.

Several market players are focused on solidifying their distribution network in existing markets while simultaneous focusing on business expansion in emerging and untapped markets. Moreover, increasing prevalence of neurological disorders in emerging economies is expected to boost growth of the market.

Global EEG (Electroencephalography) Devices Market: Competitive Landscape     

Major players in the market are focused on adopting product launch strategies to expand their product portfolio. For instance, on January, 2019, BrainScope a medical neuro-technology company focused on concussion and mild traumatic brain injury received FDA clearance for multi parameter and expansion of product indications for Brainscope One.

Key players in the market are also focused on adopting expansion strategies to expand their product portfolio. For instance, on October 2018 Lifelines Neurodiagnostic Systems, Inc., a provider of neurodiagnostic equipment and services completed acquisition of Incereb Ltd. The acquisition is anticipated to increase its market presence in developing market and expand its product portfolio.

Major players operating in the global EEG (Electroencephalography) devices market include Cadwell Laboratories Inc., Compumedics Limited, Natus Medical Incorporated, Neurosoft Ltd., Elekta AB, Electrical Geodesics, Inc., NeuroWave Systems Inc., EB Neuro S.p.A., and Nihon Kohden Corporation.

Electrophysiology is the branch of physiology study which helps in assessment of electrical properties of biological properties and tissues. EEG (Electroencephalography) devices are used as a first line diagnosis for neurological disorders such as such as epilepsy, brain tumor, inflammation of the brain, sleeping disorders, and stroke. Electroencephalography is non-invasive process used for measuring electrical activity in the brain by placing electrodes on the scalp of the patient to measures electrical fluctuations induced by the neurons in the brain. Major advantages of EEG devices constitutes of high temporal resolution, no exposure to high-intensity magnetic fields, it is noninvasive, easy to use and cost effective.

Key features of the study:

  • This report provides in-depth analysis of the EEG Devices market  and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategy adopted by key players
  • It profiles key players in the global EEG Devices market  based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include, Cadwell Laboratories Inc., Compumedics Limited, Natus Medical Incorporated, Neurosoft Ltd., Elekta AB, Electrical Geodesics, Inc., NeuroWave Systems Inc., EB Neuro S.p.A., and Nihon Kohden Corporation.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global EEG Devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global EEG Devices market

Detailed Segmentation:

  • EEG (Electroencephalography) Devices Market, By Device Type:
    • 8-Channel EEG
    • 21-Channel EEG
    • 32-Channel EEG
    • 40-Channel EEG
    • 8-Channel EEG
    • Multi-Channel
  • EEG (Electroencephalography) Devices Market, By Modality:
    • Standalone
    • Portable
  • EEG (Electroencephalography) Devices Market, By End User:
    • Hospitals
    • Diagnostic Centers
  • EEG (Electroencephalography) Devices Market, By Region:
    • North America
      • By Device Type:
        • 8-Channel EEG
        • 21-Channel EEG
        • 32-Channel EEG
        • 40-Channel EEG
        • 8-Channel EEG
        • Multi-Channel
      • By Modality
        • Standalone
        • Portable
      • By End User:
        • Hospitals
        • Diagnostic Centers
        • Others
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Device Type:
        • 8-Channel EEG
        • 21-Channel EEG
        • 32-Channel EEG
        • 40-Channel EEG
        • 8-Channel EEG
        • Multi-Channel
      • By Modality
        • Standalone
        • Portable
      • By End User:
        • Hospitals
        • Diagnostic Centers
        • Others
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Device Type:
        • 8-Channel EEG
        • 21-Channel EEG
        • 32-Channel EEG
        • 40-Channel EEG
        • 8-Channel EEG
        • Multi-Channel
      • By Modality
        • Standalone
        • Portable
      • By End User:
        • Hospitals
        • Diagnostic Centers
        • Others
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Device Type:
        • 8-Channel EEG
        • 21-Channel EEG
        • 32-Channel EEG
        • 40-Channel EEG
        • 8-Channel EEG
        • Multi-Channel
      • By Modality
        • Standalone
        • Portable
      • By End User:
        • Hospitals
        • Diagnostic Centers
        • Others
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Device Type:
        • 8-Channel EEG
        • 21-Channel EEG
        • 32-Channel EEG
        • 40-Channel EEG
        • 8-Channel EEG
        • Multi-Channel
      • By Modality
        • Standalone
        • Portable
      • By End User:
        • Hospitals
        • Diagnostic Centers
        • Others
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Device Type:
        • 8-Channel EEG
        • 21-Channel EEG
        • 32-Channel EEG
        • 40-Channel EEG
        • 8-Channel EEG
        • Multi-Channel
      • By Modality
        • Standalone
        • Portable
      • By End User:
        • Hospitals
        • Diagnostic Centers
        • Others
      • By Country:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Natus Medical, Inc. *
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
      • Strategies
    • BrainScope Company, Inc.
    • Medtronic Plc
    • NeuroWave Systems, Inc.
    • Compumedics Ltd
    • Electrical Geodesics, Inc.
    • Cadwell Industries, Inc.
    • Jordan Neurosciences, Inc

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Device Type
      • Market Snippet, By Modality
      • Market Snippet, By End User
      • Market Snippet, By Region Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Evolution of EEG Recorder System
    • Key Highlights
    • Product Recalls
    • Awareness Initiatives
    • PEST Analysis
    • Epidemiology
  4. Global EEG (Electroencephalography)  Devices Market, By Device Type, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • 8-Channel EEG
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • 21-Channel EEG
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • 32-Channel EEG
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • 40- Channel EEG
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • 8-Channel EEG
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Multi-Channel
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  5. Global EEG (Electroencephalography) Devices Market, By Modality, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Standalone
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Portable
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global EEG (Electroencephalography) Devices Market, By End User, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Diagnostic Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  7. Global EEG (Electroencephalography) Devices Market, By Region, 2019 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2026
    • North America
      • Market Size and Forecast, By Device, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Modality, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Device, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Modality, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Device, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Modality, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Device, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Modality, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of APAC
    • Middle East
      • Market Size and Forecast, By Device, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Modality, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Device, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Modality, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By End User, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • South Africa
        • Central Africa
        • North Africa
  8. Competitive Landscape
    • Company Profiles
      • Natus Medical, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • BrainScope Company, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Medtronic Plc
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • NeuroWave Systems, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      •  Compumedics Limited
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Cadwell Industries, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Jordan Neurosciences, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 42 market data tables and 44 figures on “EEG Devices Market - Global forecast to 2027”.

Research Methodology

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  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
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Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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