Escalating R&D Investments By Manufacturers To Provide Advanced Brain Monitoring Devices Is Expected To Drive EEG Devices Market Growth Till 2025: Grand View Research,Inc.
The global EEG devices/systems market is expected to reach a
value of USD 1.40billion by 2025, according to a new report by Grand View
Research, Inc. Increasing prevalence of neurological disorders such as
epilepsy, sleeping disorders, brain tumor, Parkinson’s disease, and stroke is a
major factor anticipated to drive market growth during the forecast period.
According to 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. Thus, the increasing prevalence of neurological disorders leads to
rising demand for EEG systems and equipment. In addition, growing awareness
about neurological diseases in developed and developing regions is expected to
boost the market.
Increasing funding for
neuroscience R&D by governments is another main factor contributing to the
market growth. For instance, in June 2014, the U.S. Department of Defense
granted USD 400,000 to University of Texas at San Antonio for the purchase of
two EEG systems intended for advance research on brain-machine interaction.
Also, technological advancement in these systems propels its adoption for
detection of abnormalities associated with electrical activity of the brain.
Thus, government initiatives and technological advancement are expected to
drive the growth of the sector in the near future.
Browse full research report on Electroencephalography
Systems Market: http://www.grandviewresearch.com/industry-analysis/electroencephalography-eeg-systems-devices-market
Further Key Findings From
the Study Suggest:
- The 32-channel EEG segment was the highest revenue
generating segment of the market in 2015. The technological advancement in
32-channel EEG products propels the segment growth
- In 2015, the standalone devices segment was the
highest revenue grossing segment of the market due to its high application
in hospitals and diagnostics centers
- The hospitals segment held the largest revenue share
in the market in 2015, owing to the increasing number of patients
suffering from neurological disorders. The rising geriatric population is
another major factor responsible for the growth of the hospitals segment
during study period
- North America accounted for the largest revenue share
of the EEG devices market in the year 2015. The availability of insurance
coverage for brain monitoring and well-developed healthcare infrastructure
is anticipated to drive demand for EEG products in the region during the
forecast period
- Some of the key companies are Natus Medical, Inc.;
NeuroWave Systems, Inc.; Electrical Geodesics, Inc.; Medtronic;
Compumedics Ltd.; Cadwell Laboratories, Inc.; Noraxon U.S.A. Inc.; and
Nihon Kohden America, Inc.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the EEG
Devices market on the basis of product, type, end use, and region:
EEG Devices Product Outlook (Revenue, USD Million;
2014 - 2025)
- 8-channel
EEG
- 21-channel
EEG
- 25-channel
EEG
- 32-channel
EEG
- 40-channel
EEG
- Multichannel
EEG
EEG Devices Type Outlook (Revenue, USD Million; 2014
- 2025)
- Standalone
devices
- Portable
devices
EEG Devices End-Use Outlook (Revenue, USD Million;
2014 - 2025)
- Hospitals
- Diagnostic
Centers
- Others
EEG Devices Regional Outlook (Revenue, USD Million;
2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia
Pacific
- China
- Japan
- India
- Latin
America
- Brazil
- Mexico
- MEA
- South
Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting services.
To help clients make informed business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.
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