Industry Background:
According to the Federal Interagency, more than 20 Million individuals in the United States are suffering from neurological disorders. Although, with the slowdown in world economic growth, the Adult EEG Cap industry has suffered a certain impact, but still maintained a relatively optimistic growth in the past four years. EEG (Electroencephalography) Cap is a kind of medical consumables which is used to hold the electrodes in place to the patients head during routine EEG tests. With the help of the grid, the electrodes can be placed on the patient's head and held in place. Adult EEG cap is used for babies and adults. Factors like the increasing prevalence of neurological disorders, brain injury and advancement in the medical industry are driving the Global Adult EEG Cap market. Adult EEG cap is assembled by three parts i.e. Elastic cap, Electrode, and lead wire.
This growth is primarily driven by High prevalence of neurological conditions, Accurate results provided by Electrodes and analyzer used in EEG and Technological advancement in EEG and medical devices.
Globally, a noticeable market trend is evident Development in the medical industry and increased raw material usage to some extent are leading to create a huge market potential for Adult EEG Cap.. The Medical Devices sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Neuroelectrics (Spain), Brain Products GmBH (Germany), Medical Computer Systems Ltd., AD Instruments (Australia), Compumedics (Australia), Neuroscan (United States), GTEC (United States), ANT Neuro (Germany), Electric Geodesics, Inc. (United States), Mitsar Medical (Germany), BioSemi (United States), Magandmore (Germany), Mind Media (United Kingdom), BIOPAC (United States), TELEMEDX (United States), Infomed (Australia) and Neuronetrix Solutions, LLC (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In October 2018, Neuroelectrics company released NIC 2.0.1.0 software version (Neuroelectric instrument) Software that allows the computer to interact with electric devices for both wired and wireless connections to control the devices. NIC allows EEG data to be streamed and analyzed in real time with both Enobio and Starstim devices. It provides a secure way to define the stimulation parameters for Starstim units. The new version of the software has a custom view for EEG signals, accelerometer, Spectrum, cortical map and Scalp map in offline mode.
Market Drivers
- High prevalence of neurological conditions
- Accurate results provided by Electrodes and analyzer used in EEG
- Technological advancement in EEG and medical devices
Market Trend
- Development in the medical industry and increased raw material usage to some extent are leading to create a huge market potential for Adult EEG Cap.
Restraints
- High Cost of EEG Cap and lack of product availability in various regions may hamper the growth of the market.
- Less number of EEG technologist and interpreters of EEG recordings
Opportunities
Smartphone-based EEG could increase the availability of EEG services in remote population.
Challenges
Inconsistent electricity supplies and technical challenge of smartphone-based EEG and its adoption by medical professionals may pose a challenge for this market
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Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Adult EEG Cap Study Sheds Light on
The Adult EEG Cap Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Adult EEG Cap industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Adult EEG Cap industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.